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does anybody look at automakers ?


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#1 andr99

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Posted 01 November 2024 - 06:34 PM

both in the USA and Europe they are close to start a rally, at least all those that I keep on my monitor which are the most important ones, as they are 

 

close to a strong support or have already touched it and reversed upwards. If we take them as an indicator for the stock market's direction, I can't 

 

understand how there may be people who talk about a market top here. Next week we should enter rally mode. My personal opinion. 


Edited by andr99, 01 November 2024 - 06:35 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 steadyquest

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Posted 02 November 2024 - 11:54 AM

Wouldn't surprise me.  Inflation regime + excess liquidity = insanity.

Take this one for example, flaunting a PE of 137.  Will it go higher?  Probably.  But alas - I lack the temperament to play in this market.

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