2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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Dr. Voodoo

Secret_Agent_Man

To: Horgad who wrote (156169)	4/8/2020 7:21:38 PM
From: sense	2 Recommendations Read Replies (1) of 217573

I agree too early to build a position for a hold. This is a market for trading... really shouldn't expect anything you're doing now to continue working for more than a week or two... The last two weeks clearly a reversal not only in direction, but also in momentum... things are moving slower now... except when they aren't... so a bit of a sideways drift with that meaning higher in some things... but still very choppy and erratic in some things... not a settled market... not a bull market... a bear rally. There is a psychological shift that occurs with committing to ownership... and I'd rather use that than have it work against me... so I'm not reluctant to take small positions in things I think I want to accumulate... when the individual chart shows its probably at its own unique bottom. Not everything trades in synch with the averages... The market being down 20 or 30%... doesn't make a stock that's down 20 or 30% a bargain ? But, find an intact company... one the market punished with an 80% drop... with good reasons to expect it will survive and rebound ? We're seeing that in entire sectors already... certainly in oil and gas related issues... where the declines have been accelerated and some of the stocks are hypersensitive to the market conditions. The market decline is probably not over... but the impact in the oil markets isn't only about "the market decline" instead of the virus imposed reductions in oil consumption... which will go away. They are linked, of course... but oil consumption will resume at a higher pace when people get up off the couch and go back to work... still leaving us to deal with the aftermath that the abrupt retraction imposes in global financial affairs... There could still be a wave of defaults coming... in the oil patch... in the oil services business that's almost a well worn routine... as there is no way to ameliorate the on again off again impacts of whipsaws happening in change in the oil drilling interest. I doubt that there will be much of a rational ability to compute the nature and extent of the impact on GDP and company bottom lines... until after the virus issue is handled... And then, we'll see what sorts of price adjustments are necessary, once there's an ability to gain a proper bead on the future... Until then... unsettled markets mean both risks and opportunities are enhanced... Figuring out how to manage the one and exploit the other... the point of the game.

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