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Strategies & Market Trends : US Inflation and What To Do About It

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To: RetiredNow who wrote (1060)7/28/2019 7:55:12 PM
From: Rarebird  Read Replies (1) of 1504
 
I have been in and out a couple of times since the second week of January 2019. The breadth thrusts got me in. I sold out in March, got back in a week later and then sold again in early May before I got back in the second week of June. I am bullish now. My goal in regard to the financial markets is not to judge, but to profit. So far, it has been a great year. I don't see a recession on the horizon ( next 6 months) so I see no reason to sell. Valuations and Fundamentals matter little in this environment. As long as Powell remains dovish, the party will continue. Most individual investors, like yourself, are cautious and scared to go long.
I see no reason to buck Trump since he is wildly bullish on the stock market and he defines his success in terms of new all time highs. I think that's ridiculous by the way, but who am I to judge when my goal is to profit. I try to keep things simple and not over-analyze things. If Powell turned a bit hawkish, I think the stock market would sell off a bit. But I see Powell and the Fed as being on Trump's reelection campaign committee. Sounds a bit superficial and simplistic, but I think it's true. Lots of money now for Trump to spend to produce a blow off of sorts intermediate term, as long as more tariffs are not initiated.
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