Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.40

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To: GROUND ZERO™ who wrote (189212)	8/13/2023 3:26:31 PM
From: yard_man	1 Recommendation Recommended By GROUND ZERO™ Read Replies (2) of 221770

Steven Van Metre who has become a bit of a doom-gloomer lately has continued to harp on two themes regarding the banks: 1) the impact of the commercial real estate implosion on Bank balance sheets 2) banks having no choice but to tighten lending standards as consumers are close to tapped out because of inflation The implication in his stuff is: this has not been discounted yet in the valuation of banks. I think he may be correct. What do you think? Steven also continually points to bond short interest that we know is based on reasonable expectations regarding continued government issuance of bonds. Also I think he states correctly -- interest rates must go down and not up soon to avoid economic calamity. What I don't understand or can't figure out: impact of future foreign purchases or sales of bonds. I think if TNX can spike much from here ... maybe 5%, the economy will really go into the cr@pper with the higher energy prices squeezing everything higher.

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