ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: towerdog who wrote (72804)	10/24/2022 7:47:41 AM
From: Lee Lichterman III	3 Recommendations Recommended By ajtj99 catou1 LoveAG Read Replies (1) of 97611

I'm thinking about just going back to bed. Futures shot up 30, then lost 60 to be down 30, then shot up 30 to get flat again and now are up almost 30 again. Meanwhile, the dollar is up, VIX is up. Fed is in blackout so even though they have pounded the table that they will keep raising them hold rates high all next year, the spinsters are trying the pivot rhetoric again. I had a handful of stocks I liked this weekend but with PCE release looming, 161 companies reporting earnings this week including the big 4 MSFT, AAPL, GOOGL, AMZN, I don't think I want to be holding anything. I had read a while ago that earnings were down 3% last quarter if you took out energy. Probably worse when this quarter closes. Next quarter should slide more then the drops should really accelerate as the rate hikes start getting felt. Talking to people yesterday and some of the larger companies here are talking about layoffs already including the hospitals and clinics. I guess essential workers aren't so essential after all. Thank you for your service now get out!

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