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The Braves, the A’s, the Dodgers, the Giants. And that was just baseball. They took the money and ran.
14 hours ago, fxfox said:
Seems like the game in Munich was a success.
in Europe it is absolutely unimaginable that a club is moved to a other city, but well that‘s why it is not called a „club“ in the US, but „franchise“.
I think the very old franchises can‘t be moved, or else the fans would run amok. Guess if ever the owner of the Yankees would move them to LA or so, he would be shot dead the next day or hanged at Times Sqaure.
What about the Eagles? How would Philly react? I remember when the Minnesota North Stars were moved to Dallas the fans were very angry.
The longest running, continuously operating professional sports franchise in one city? Philadelphia Phillies.
What does this have to do with today’s stock market?
Nothing. It’s like the economy, or inflation, or earnings. The market is about whatever hot idea Wall Street is selling at the moment, and how much liquidity is available to sustain that story. The second factor is by far the more important. The fact is that the Fed is still tightening which means that liquidity continues to grow more scarce. Any rallies must eventually face that reality. How do we know when “eventually” is?
Easy. When you come to a fork in the road, take it.
A look at the 24 hour ES, S&P fugutures tells us that they haven’t yet stuck a fork in this rally.
For starters, they would need an hourly close below 3969. That doesn’t look imminent. There’s still a 5 day cycle projection of 4030 hanging out there. Then we’ll see.
First, a look at the 5 hour bars to show you just how significant this 4015-4030 area is.
And the usual hourly view shows the current sport levels. The magic 8 ball test says, Poised for breakout.
Click the links below for moron the markets.
- The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022
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- Signs of an Intermediate Bottom in Gold Falter November 2, 2022
- Bear Market Isn’t the Mirror of a Bull October 31, 2022
- We Can Now Project When Fed Will Pause, But Not Reverse October 13, 2022
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