I’m the last person you’d expect to read this from, but – – could crossing the 4,000 on the S&P 500 just be the start of another massive up-leg in the market?
This is one of those “there but for the grace of God” stories, although it is not out of the question this tale may be quite germane and helpful to you in your lifetime: it has to do with the wash sale rule. In case you are unacquainted…
Let’s start with the conjecture that bonds, by way of TLT, are going to have a multi-week bounce as interest rates ease back. If that holds true, I would speculate financial institutions are going to likewise ease
Even just a couple of years ago, the notion that “blank check” companies (that is, publicly-traded shell corporations with no business, no revenue, no earnings, and no real purpose) would be one of the most popular vehicles
About seven months ago, gold looked like a sure thing. Trillions of dollars of fresh fiat, rising inflation, rising interest rates, and central banks gone wild. On top of this, metals were pushing to lifetime highs and had emerging from an enormous…
My favorite short these days is the semiconductor fund symbol SMH (which, appropriately, is Internet slang for Shaking My Head).
This bearish pattern is starting to show up all over the place:
Bullish and bearish charts.
I realize that – – as usual – – the NQ has taken a big loss and magically turned it into a gain for No Particular Reason, but I am still seeing stocks left, right, and sideways breaking down, piece by piece.
Not long ago, all you needed to to as a company to guarantee success as a financial entity was to somehow associate yourself with electric cars. That’s over.