Hold on...
Upward pressure on wages? That's inflationary. Our low unemployment rate is putting enough pressure on wages already. Don't think the Feds want to see anymore wage pressure.
Upward pressure on prices? That would cut corporate margins. Not good for the earnings/stock price. Bad for the market.
Agree - nice looking component crossovers for a buy signal. Money flow is digesting and moving from area of perceived over valuations and obviously moving into the secondaries. This is positive because it may mean that the 4 year low is indeed behind us.
Nickles and dimes - the A/D line looks fairly tight today for a possible turn around. That would probably be too much to ask - how about tomorrow then?
You see what I mean? Your speak is just the same as how the market has been acting. Any dip is a buying opportunity. Tell us, are you in with the big market movers? Do you have the inside scoop? When I see a change in your outlook from buy to sell, I'll be expecting a huge decline. It's as if you are tuned into the psychology of this market. I'll just wait and watch.
fab,
Birch won't sell until....i dunno...he'll probably never sell. I'm pretty sure he held through May, -7% in C, -12% in S. So if you're following Birch, you have to be able hold through that and probably more. Birch will probably DCA down through a 15% loss. I don't know what happens then???
Senator Allen will have a press conference at 3pm and will concede. Final reality of Democratic sweep will sink in. Already priced in or major selloff in last hour? You guess.
Trading, in its simplest form, is the process of capturing the disconnect between perception and reality.
Birch will DCA down into a 15% loss and then DCA all the way back up. Nothing changes except I gain more shares.
Alrighty now periscopes up - take her down - but not too deep. Get ready for tomorrow. Snort.
Trading, in its simplest form, is the process of capturing the disconnect between perception and reality.
Looks like the NAZ found support at the 2375 level late in the day...that may have been it for the election correction.
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