we had to get past LaborDay, past Q3 end, past Oct earnings, past TGvg, past election, past tax selling
and now past endofyr
you got the wrong endpoint of the time capsule
it is not fixed in time, but marked by an event
we need to get to the first Fed rate cut !!!
volatility with declines dominating until shorterm rates come down
end of story, all else is inconsequential and illusory
window dressing is more likely to be undressing
the less tech stocks in funds, the better for endofqtr
target on momentum swing is Naz 2200
swing from 2600 to 3000, back to 2200
probably by midJan or early Feb
hope of fed cuts lift Naz up
fundamentals drag Naz down -- companies, sectors, economy
imagine in Q1 and Q2 not just missed earning estimates
BUT EARNINGS DECLINES YEAR OVER YEAR
imagine GDP growth in Q1,Q2 in -0.3% to +0.3% range
get ready
short Naz rallies, with highPE stocks or QQQ
going long can be destructive to your financial health
not to mention sexual desire and potency
/ jim |
