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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: towerdog who wrote (74280)11/30/2022 5:32:24 PM
From: Lee Lichterman III1 Recommendation

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ajtj99

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If China ends Covid lockdown, that will be hugely inflationary. Iron, copper, oil prices will go through the roof.
It's a damned if you do/don't situation. Locked down, it's hurting our supply, opened up and it will raise prices for raw materials.
I was just sitting here trying to figure out how high we could get on a FA level. The high last year was 4800 ish on the SPX. Earnings this year ex oil was negative 4% so take off 200 points=4600. M2/monetary base is lower, 3.5% higher interest rates, Fed draining 95 billion a month, no more TINA with safe acceptable bond yields.?????

Then again, looking at this afternoon and crap was flying while value lagged.
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