MORGAN STANLEY WARNS OF POTENTIAL STOCK MARKET FREE-FALL. Very Important Updates. Mannarino
From Greg M
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Greg,
Good morning.
evidently you don't read my comments.
We are in a recession and I told you that oil will see $85.00 before it sees $105-$110.
It's trading @ $83.54 It's not flat.
I said commodities trade in a 3 year peak and valley.
Also said Natural Gas was going to sell off due to destruction demand
it was down over 5% yesterday and down this morning 2.4%
Bitcoin is drifting towards $15,000.00
Major support around $11,000.00 this one will be a struggle IMO it will happen
Obviously when your in a recession with the Fed raising rates sales of new homes and existing homes will go down it's a no brainer<>basic economics.
Finally IMO you are a top line reader for news.
dig deeper there are a lot of brilliant people out there.
And I still question the volatility of your MMRI these guys are playing with algorithms
Quoting Morgan Stanley or Goldman Sachs to support your thought process and don't get me started with JP Morgan.
These guys and you should know best being a former Wall street industry employee.
They are selling their book and what is in it for them.
To much greed.
As I said before it is going to get much more difficult and they can drag this out until the end of 2023.
One last thing watch for the US $$ pivot to have a correction down.
Something stupid out of the FEDS tool Box.
I'm trying IMO to help everyone understand the market.
It's full of speculators who go from one side of the trade to the next when the trend changes.
So enjoy the day and have your second cup of coffee and perhaps it will wake you up to read my comment
Thanks,
WOT
Tom,
Good morning.
To be candid I work in the industry.
So I don't know who you are or what your risk tolerance is.
So do your own research after I make my comment.
We know that this market is one of the biggest that has been manipulated.
So EXTREME CAUTION.
First what needs to happen today.
Gold would have to close above $1737.40 trading @ $1714.20 up $11.00
Also gold is trying to build a base.
As indicated we need to see the US$$ make a pivot to go lower.
this should happen within 2 weeks IMO
This is difficult because the Fed has raised rates and now we have a very strong US $$.
Worldwide money <>investors look to the US as a safe place to invest in.
True<> with extreme caution.
Our short term target is $1950<> $2,000.00 by year end.
What needs to happen some of the Bitcoin speculation needs to move back into this space.
Longer term we still like gold and silver and mining shares.
So the best to you with your investments.
Again please do your due diligence.
Thanks,
WOT