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retread's Account talk
- Thread starter retread
- Start date
I think markets are going to explode higher after Powell today and a rally will continue through the end of March (because I am out of IFT's and cannot add in anymore). I think he is going to say what the market wants to hear. He's not going to be doom and gloom on the bank situation because that will make things worse. The banks got their bailouts again, so it's off to the races, until the next headline hits.
felixthecat
Active member
That would be nice!! I need a short term rally. I would more likely think we get a hard rally and then a hard sell all in a brief time.
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Opps, guess I was wrong on that. Since I know "they" watch what I do and say, "they" saw my post and did the opposite (for today). Don't worry, everything will be up by the end of the month. This afternoon was just a fake out. The first reaction after Powell opens his mouth is usually wrong.
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Very good documentary by Frontline on how monetary decisions since the 2008 Financial Crisis has led us to this ridiculous path we're on right now. Basically it is saying there's no longer a free market. All market action is being controlled by the FED and other central banks (and to some extent this includes political decisions, which is scary). Highly recommend.
https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/
https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/
Looking for a change soon. SPX has almost reached its inverted head and shoulders target. We have a couple of tin foil hat events coming up in the next few days (20 and 21st)
https://starwalk.space/en/news/astronomy-calendar-2023#april-20-hybrid-solar-eclipse-
Waiting for the next headline driven shoe to drop to bail out.
https://starwalk.space/en/news/astronomy-calendar-2023#april-20-hybrid-solar-eclipse-
Waiting for the next headline driven shoe to drop to bail out.
Entered at 30% last Friday. I don’t know why other than to keep a little in and match the buy signal. We did have a tin foil hat event this morning (Jupiter going behind the moon). Not sure if these things have any relevance but it’s interesting how they mark changes in thinking. Next big one is the solstice on June 21
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I've been riding that "S" rollercoaster at 100% for a long time. I have a deep hole to climb out of. :embarrest:
Well I must have chosen the wrong set of options on that horrible, stupid website because my change didn't take. I must have chosen the "Future contributions" option instead of the "Money that's already in the plan". So this is how dumb their site is. There is no more Future contributions because I am retired so there's nothing to match! Now maybe it will cost me some gains today (assuming we're green by the end of the day). I hate that site
And then I read this which made me hopeful again> https://seekingalpha.com/article/4608074-multiple-sector-strength-sp500-could-move-higher
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