WorkFE's Account Talk

[Boghie]

Shaken but not broken. I'm sure it was enough to panic a handful. Nice recovery, of course the days not over yet.

It must be a result of the joyful moment OPEC crapped on us - their allies :smile:

All the speculators hope bad news will keep interest rates low.
Sometime soon bad news is likely to be bad news and just hammer the market.
This kinda bad news is another bit of inflationary pressure. That will just keep the FED humming...

 

[WorkFE]

I see it as a short reprieve, my target has not been hit.
But then again, I'm not a market expert.

 

[WorkFE]

Yee Haw

 

[WorkFE]

Watch your step folks, things may shift unexpectedly.

On another note, we had flurries here in Kentucky this morning. :nuts:

 

[nasa1974]

Watch your step folks, things may shift unexpectedly.

On another note, we had flurries here in Kentucky this morning. :nuts:

We have had graupel on and off since yesterday here on the North Coast. That's the little Styrofoam looking snow pellets.

 

[WorkFE]

Be back in the 70's by this weekend. Just a reminder that it's on the way.

 

[WorkFE]

Futures fluctuating this morning, maybe a pop to start the week.

My Phillies get to take on that Beast of a team Houston Astros in the World Series.

 

[tsptalk]

My Phillies get to take on that Beast of a team Houston Astros in the World Series.

The team with the worst record in the playoffs gets in the World Series. :17:

Signed,
A frustrated Mets fan.

 

[WorkFE]

I hear ya. To be fair though, the Braves won 88 regular season games last year and won the World Series.

 

[Boghie]

Futures fluctuating this morning, maybe a pop to start the week.

My Phillies get to take on that Beast of a team Houston Astros in the World Series.

Damn Phillies...

From a Padre fan ;damnit

 

[WorkFE]

House Money, the best kind.

 

[WorkFE]

The good old Halloween Effect, how long will it last.

 

[WorkFE]

Is it a TRICK or a TREAT.
:suspicious:

 

[WorkFE]

Took a break from all the economic nonsense for the past 10 days.

Dad turned 80 last week so my wife and I took some time off and a drove up to PA to spend a bit of quality time with the family.
Took the long way home through some of the Northern counties. Always a good way to reset the batteries for the new year.

 

[WorkFE]

The Fed is starting to field calls from all over about easing up on rate hikes. Quarterly earnings are mixed but, due to expectations being low, a majority are exceeding estimates.
I expect the volatility to continue up and down through the new year but then to flatten out as we see some light on Fed Policy relaxation and some of the currencies around the world find some footing. Would be nice to know what the ceiling on interests rates will be. It would be nice to know we are not revisiting 1981.

Markets looking good today. Stay away from the ledge.

 

[WorkFE]

It’s not all Doom and Gloom.
“A Democratic president with a Republican Congress is the best setup that appears over the last 90 years,” says Patrick Nielsen, deputy general manager of MAPFRE AM.

Historically, midterm elections set up nice rallies with phenomenal consistency. Since 1942, after midterm elections the S&P 500 went up 7.6%, 14.1%, and 14.9% over the next three, six and 12 months, notes Ed Yardeni of Yardeni Research.

The period of November to January is seasonally strong for the market. Since 1936, the S&P 500 has advanced 4.5% vs. an overall average three-month performance of 2.9%, the quantitative analysts at Bank of America tell us.

It’s usually better to buy when things look bleak, not when everything is rosy. Gotta put down the bourbon, starting to sound like Birchtree.

 

[flalaw97]

It’s not all Doom and Gloom.
“Historically, midterm elections set up nice rallies with phenomenal consistency. Since 1942, after midterm elections the S&P 500 went up 7.6%, 14.1%, and 14.9% over the next three, six and 12 months, notes Ed Yardeni of Yardeni Research.

Looks like they are trying to get all of those gains in one day. What a pop off the blocks - see if it holds to the end of the day.

 

[WorkFE]

There are days when you see the market shoot off like a rocket and think “If this is a Bear Market, I’ll take more of that”.

The last few days may have been a bit overdone by Investors and I’m certain that much of what I have read could be taken as tongue and cheek, but I must remind myself that the DOW, S&P and NASDAQ are still down 3K, 800 and 4K respectively from their highs.

Profits are profits and always better than losses but don’t forget that those profits will get smacked around a bit with higher interest’s rates. This inflation is proving to be somewhat persistent; I don’t see the FED backing off anytime soon.

Analyst Tom Essaye (Sevens Report) "Real bear market bottoms are formed on the back of investor capitulation and panic, something we have not yet seen with the market this year."

 

[Epic]

So, do you anticipate some pullback this week moving forward?? I would think that this (rally) was a euphoric knee jerk reaction to the 7.7 CPI, which was only .3 below the estimated 8.0.
That was a huge gap up that will have to be filled, plus individual parts of the big picture are still out of control.
Such as:


. . . :dunno:. . :dunno:

 

[WorkFE]

If I had to make a guess, which is all it is, big ups and downs will be the norm for a while. Playing it is risky, but it can be done.