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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 340.05-0.3%Jan 7 4:00 PM EST
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To: Investor2 who wrote (9997)4/18/2023 8:03:28 AM
From: Rarebird1 Recommendation

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Investor2

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Back in mid-January, I forecasted SPX $4300+ before another consolidation/correction. At this point, after closing above SPX $4140 it is relatively safe to say SPX $4200 is coming shortly.

Greed can get greedier.

Market can easily make new highs if there is no recession and/or the labor market remains strong. I don't see that happening, though. I do not think the market is priced in for a recession. It was priced in for a mild recession last October at SPX $3500. Data is mixed. But it is a corporate earnings downturn now.

And no, I don't think WMT is cheap; it is a steady and stable stock, but far from cheap.

Pick high quality cheap stocks on the long side. Short the bloated pigs. That's my approach, which usually works.
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