Bear market never stopped during previous high inflation era circa 1977-1982.
Will it be different this time?
The Bear Market Resumed?
Started by
redfoliage2
, Mar 10 2023 10:46 AM
40 replies to this topic
#11
pdx5
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I want return OF my money more than return ON my money
Posted 10 March 2023 - 01:59 PM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#12
SteveB
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Posted 10 March 2023 - 02:11 PM
NYSE declining/advancing volume is currently >11. NASDAQ > 5. Feels like the end of a flush and a ST bottom. But who knows? I certainty don't.
#14
linrom1
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Posted 10 March 2023 - 02:16 PM
JPM could buy SIVB for couple dollars per share.
Edited by linrom1, 10 March 2023 - 02:16 PM.
#15
redfoliage2
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Posted 10 March 2023 - 02:27 PM
I see SPX 3850 was overhead resistance during the last half of December. Seems like it may be a possible support area for a bounce. We're there now.
Let's see how it opens on Monday, gap down or not .................
Edited by redfoliage2, 10 March 2023 - 02:28 PM.
#16
pdx5
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I want return OF my money more than return ON my money
Posted 10 March 2023 - 02:34 PM
This is inflation induced bear market. And bear markets are known for face ripping rallies.
Golden times for short term traders.
Golden times for short term traders.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#17
Rogerdodger
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Posted 10 March 2023 - 02:35 PM
NYSE just took out December lows and is near August lows.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#18
linrom1
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Posted 10 March 2023 - 02:40 PM
Kudos to the whole Wall Street industry for being so smart to predict that Powell will keep raising rates until he breaks something. LOL
#19
pdx5
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I want return OF my money more than return ON my money
Posted 10 March 2023 - 04:31 PM
Biden just proposed a budget which will be like pouring gasoline on a fire. Powell has no choice except keep raising rates
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#20
redfoliage2
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Posted 13 March 2023 - 09:53 AM
Likely to see a bounce from here and I'd not be surprised to see the high of day in late afternoon .....................
Edited by redfoliage2, 13 March 2023 - 09:57 AM.
