Posted on 06/13/2022 1:29:43 PM PDT by Browns Ultra Fan
Donate it to FR.
If you look at the three major indices they are all approaching breakdown levels from the covid panic. The Dow reached about 30k, s&p about 3,400,and Nasdaq around 10,000 before uptrend stop and covid panic meltdown. After the shakeout all three indices blasted past these levels and continued to rally to new highs into the start of the Biden presidency. While I do expect to see a mini rally off these levels; don’t think it will be sustainable and ultimately the support will be broken to the downside. Too much ugliness out there. Thank you Paine Webber, I mean President Biden.
With QT and MBS unloading I expect S&P to be at 1800 by September. But it’s tricky given inflation. Inflation increases asset valuations. No idea where it bottoms. Probably the recession hits first (July 27). When it bottoms I’m shifting out of Money Market funds/short term cash position.
Note that during the great depression, gold did not go up in price. I am guessing the fear is a bad-ass recession may be next and that will kill everything including precious metals and inflation. Way to go Brandon!
President Retard says everything is fine and he thinks you’re dumb enough to believe him 🤪
SPX should find support at 3500, most likely this fall.
“ What is happening throughout our economy and our society…our world really…is objective reality rearing it’s head. We’ve created fakery…fake made-up reality…in every aspect of the life of men. As Ayn Rand said: “ You can avoid reality, but you cannot avoid the consequences of avoiding reality.”
”
It’s beyond comprehension to most just how much is phony fake full of crap blow smoke up their butts now it’s totally out of control and everything is suspect unless being a fool 🤪
When they finish wrecking this - everything, including the piano player gets taken out (as they say).
But it’s not to late to get some “ SH “ - ProShares
Short S&P500. It’s still close to all time low and if you
Look at the MAX chart it can go ballistic from here.
Or get some VIX. CASH is also King- But really never know
what will be left standing with this Clown show.
Also with oil at $118 and Nat gas at $8- these companies are printing money, and many with great Dividends. They will take a hit but will rebound
Much faster. This is not a normal Bear market or down cycle- they have totally Buggard and broke this. Especially the energy markets.
I like Devon.
I agree. Hopefully it bottoms out just in time for the midterms.
I heard 3200 from some analyst. But if there’s a 75BP increase on Wednesday as some are now saying we might see it this week. QT is a whole different market.
During the depression, we were on the gold standard. Our money wasn’t really fiat currency back then. The way I see it, when PM’s go up, it’s really just that the fiat dollar is worth less
Paper short .. unsustainable .... to “ reset” they only allow metals to run to real market levels ... this technuiqe allows for a Supply deficit ... so severe ... niether can be used as alternate currency on large scale .... forcing pop to adapt accept
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