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NorthCast Market Update: Reality Check


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#1 MDurkin

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Posted 14 May 2023 - 03:35 PM



#2 Rogerdodger

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Posted 14 May 2023 - 04:21 PM

 Love it: 0.4% up,  0.4% down.

 

"Screaming Bullish and Bearish means nothing"

 

"Massively overbought market based on 10 stocks"


Edited by Rogerdodger, 14 May 2023 - 05:06 PM.


#3 pdx5

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Posted 14 May 2023 - 11:44 PM

 Love it: 0.4% up,  0.4% down.

 

"Screaming Bullish and Bearish means nothing"

 

"Massively overbought market based on 10 stocks"

Those overbought stocks like Meta and Google (I forgot what they call it now), and even Apple will have bigger audiences as unemployment goes higher. People have to occupy themselves with something.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 Rogerdodger

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Posted 15 May 2023 - 10:55 AM

Those overbought stocks like Meta and Google (I forgot what they call it now), and even Apple will have bigger audiences as unemployment goes higher. People have to occupy themselves with something.

 

True...But...My Dot.com memory gets in my way... "record low interest rates...capital began to dry up"

 

Why did the dotcom bubble burst? The dotcom bubble burst when capital began to dry up. In the years preceding the bubble, record low interest rates, the adoption of the Internet, and interest in technology companies allowed capital to flow freely, especially to startup companies that had no track record of success.

Edited by Rogerdodger, 15 May 2023 - 11:03 AM.