SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Philosophical Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Rarebird11/30/2021 7:01:28 AM
1 Recommendation

Recommended By
Julius Wong

  Read Replies (4) of 26251
 
I can't emphasize enough that recent weakness in the stock market has absolutely nothing to do with the new variant of Covid. IWM has broken down after an apparent break out, some would call that a massive fake out, new lows have spiked on the NYSE and Nasdaq, the A/D line has broken down.

The good news is that the Bull is not over yet. The bad news is that a 10%-15% correction is coming before SPX rallies to 5500-6000+. Timewise the bull has another 12-18 months to live before one of the most vicious secular bear markets begins. Those who are unprepared or are living in LA LA Land will lose a fortune. Price is King. The reason behind the decline is irrelevant - though my sense is that it has to do with the Fed increasing its taper and talking about raising rates in 2022. Market may now be discounting that.

I had no choice but to sell all my US holdings. I am a value player on the long side and these stocks will get hit the worst. In fact, many have already gotten hit hard. Utilities, REITs, Tech and Healthcare will outperform.
After the correction is complete, SPX, SMH and QQQ will outperform value. Bitcoin will surge to over 100K. China will do well.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News