The Dow Bro seems stuck at the 50% retracement & the SNP at the .618 retracement off the March lows. I ask fellow Lions-has this market topped until the next rate cut(s), QEI measures, and fiscal stimulus? My inclination is YES
yeah, Anthony ... I was thinking that this morning. The .618 is right about SPX2,900 - been buttin' up against that for some time. My thesis (formed a few weeks ago) is that 2,950 SPX is as high as we will likely see before correction to 1,400 SPX (where this Charade actually belongs...). Unfortunately for me [Dumbass], a few old & forgotten Limit Orders to buy DAL, LUV, & NMM executed this morning... so now, I'm holding those dogs... I really like LUV - great company with a decent pile of Cash - but, I foresee more downside.
You're no dumb ass-we all get burned on occasion! Maneco64 this morning said 2970 SNP is a critical level, right at the .618. It's amazing how Fib levels & Elliot wave theory prove what valuable tools they are time and again! Best of luck bro!
Hi, when negative rates come, what is the best options to protect the money you do have in a savings account without putting it all in the stock market, and be able to access it if you have need to? Thanks
negative rates mean demand for cash is ultimately strong.
In EU negative rates have been very stock market negative and in 2021 will also be for US stocks, esp for the greatest companies who are in EU insanely low priced, a big bear bubble, this is by no doubt the biggest bubble ever and not over yet by far.
My advice is if Joe biden is elected to buy euro bonds and buy EU50 when it is cheaper than gold price in euro. which will be below 2008 level.
The Dow Bro seems stuck at the 50% retracement & the SNP at the .618 retracement off the March lows. I ask fellow Lions-has this market topped until the next rate cut(s), QEI measures, and fiscal stimulus? My inclination is YES
yeah, Anthony ... I was thinking that this morning. The .618 is right about SPX2,900 - been buttin' up against that for some time. My thesis (formed a few weeks ago) is that 2,950 SPX is as high as we will likely see before correction to 1,400 SPX (where this Charade actually belongs...). Unfortunately for me [Dumbass], a few old & forgotten Limit Orders to buy DAL, LUV, & NMM executed this morning... so now, I'm holding those dogs... I really like LUV - great company with a decent pile of Cash - but, I foresee more downside.
You're no dumb ass-we all get burned on occasion! Maneco64 this morning said 2970 SNP is a critical level, right at the .618. It's amazing how Fib levels & Elliot wave theory prove what valuable tools they are time and again! Best of luck bro!
Tomorrow new ATH, if not Friday.
Hi, when negative rates come, what is the best options to protect the money you do have in a savings account without putting it all in the stock market, and be able to access it if you have need to? Thanks
negative rates mean demand for cash is ultimately strong.
In EU negative rates have been very stock market negative and in 2021 will also be for US stocks, esp for the greatest companies who are in EU insanely low priced, a big bear bubble, this is by no doubt the biggest bubble ever and not over yet by far.
My advice is if Joe biden is elected to buy euro bonds and buy EU50 when it is cheaper than gold price in euro. which will be below 2008 level.
👍🚘. Varoom varoom!