Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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To: #Breeze who wrote (180232)	9/29/2022 12:44:13 PM
From: SGJ	3 Recommendations Read Replies (3) of 207507

Raising rates any more in this environment is deliberate economic suicide. FED is too quick to pull the trigger. Should spread increases out more and give them a chance to have an effect. The market obviously agrees with me, it tanked on the hawkish FED talk a few weeks ago. Remember SPX 4300? Too many shocks to the system already. Just now experiencing the negative effects of the lockdown of 20-21, then got involved in a border dispute with Russia and Ukraine, adding hyperinflation to the mix. The administration's shutting down of our countries energy sources in the name of climate change fiction another blow. Europe heading as a result into a depression. Dollar spikes on top of that. Major US economic engine, FL, now under water. Red Alert. Too much stress to a system causes failure. Our elected officials either too stupid to understand this or they are doing it deliberately.

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