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Non-Tech : Kirk's Market Thoughts
COHR 137.35-1.2%12:55 PM EST

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To: #Breeze who wrote (25488)8/9/2025 11:52:09 AM
From: Kirk ©  Read Replies (1) of 26530
 
Nice chart. Thanks for the Lam update too.

Here are several longer-term trend lines that I've not decided which I favor.

This first show the "1996 irrational exuberance breaking point."



This shows the line drawn in different resistance and support points.

What scares me is this shows the break in the 1970s to mid 80s when we started a period of massive inflation. Biden already started the inflation with the clearly misnamed "Inflation Reduction Act" and looking at all the public workers going on strike for pay to afford to live in the blue states, and the SJ Mercury news suggests raising sales taxes yet again to close to 10% to pay for what Trump cut... I fear even 3 or 4% inflation per year on top of the 25% or so we recently had is going to really hurt.

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