DreamboatAnnie's Account Talk

TommyIV · Dec 15, 2022

DreamboatAnnie said:
I put more to work today. Hopefully it won't drop a ton but there is a gap below. Also, this week was setup to be crazy with the CPI, Fed, and now tomorrow is Triple Witching.

That gap below bothers me too, but I like a quick discount. I'm in for now but may be quick to leave with all the room to drop. I'm hoping we're oscillating and not in a free fall.

DreamboatAnnie · Dec 16, 2022

Retread, that's normal fir ne too..especially earlier this year.

Quabit, agree! Quadruple witching...eeee. I am going by indicators... It whipsawed. So now watching for a double dip..touch if pink line...hope it reverses quick. Will be watching fircreversal to add in the other 50...no matter what, this is scary! :worried:

Best wishes to you both and everyone! :smile:

DreamboatAnnie · Dec 16, 2022

Charts

DreamboatAnnie · Dec 16, 2022

Just FYI... Per Eddie Ghabour, on FBN on Varney this morning said that Fed will continue to increase rates, as they have said, and this will definitely cause a "hard" landing. Fed said get used to higher interests rates this coming year. So Eddie said, this will make cost of capital to go up further for businesses...double. This will lead to lower profit margins as businesses will pay higher costs as they must refinance debt next year and continue paying higher salaries, etc. Fed said something about no change for next 6 months. Eddie says they are not gonna change until they get data on inflation decrease and by then market will have sold off/economy deteriorated. He believes market will sell of another 20%*from his point during next several months. -20%

rangerray · Dec 16, 2022

Yikes! But, that means some good buys are in our futures. If it’s going to happen, I wish we could go ahead and get it over with.

Scott Harrison
Senatobia, MS

DreamboatAnnie · Dec 19, 2022

Yes, and this morning another guy is indicating tge same thing. He essentially said do not trust bear rallies. On Varney this morning, Jeff Sica said many think Inflation (CPI) bhas peaked, but Earnings, which is lagging indicator, "will decline around 25% from CPI". I listened a few times and not sure why he said, "from CPI". But in any case, this sounds bad, and Earnings numbers will be coming out in January for the Christmas/Holiday quarter.

He said some believe we are at end of Bear market and beginning of Bull market, but he Sica said "No bull market has started without the Fed lowering interest rates.". That is a Key point! He also said Fed will hit this market (with more interest rate hikes) until it "causes the economy to break.". He said to stick with high dividend stocks. He said it is good that Fed us sticking with 2% Fed funds rate as the goal. With 10-year Treasury near 4% and inflation nearly double that, you'll not see xxx until Fed funds rate is closer to or higher than CPI. Sorry but I can't fill in the blank because FBN guy talked over Sica at that point...ughhh...

DreamboatAnnie · Dec 19, 2022

Charts... Now hitting into pink line area. Will deploy extra powder when it starts to rise... Ughh.. This market is just tough...hope Santa comes soon. Best wishes to everyone!

ravensfan · Dec 19, 2022

Per PM from Dreamboatannie, (she is out of pocket this morning) she will be phoning in an IFT to 40% C fund, 40% S fund and 20% I fund, effective COB 12/19/22. Her usual best wish to everyone.

DreamboatAnnie · Dec 20, 2022

Charts as of a few mins ago. Glad to see a positive day. Best wishes to all! :smile:
P.S. My perma link charts are at post #4816 pg 402...just in case I can't post.