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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (13724)5/18/2022 11:58:06 AM
From: Kirk ©  Read Replies (2) | Respond to of 26837
 
Hard to believe people still flock to him. Jim Jones was also quite effective, up to the end when he killed many people who live here and followed him to a banana republic so they could follow without interference so the urge to follow is strong. It is a shame SI lets people advertise "questionable" services here where critics are banned for being critical of market calls on a topic for market calls... You'd think it was MSM covering up for crooked politicians they favor!

BTW, my historical charts show a decent decline... arguing if 18 to 22% is a bear market, happened the last two times they brought rates up from abnormally low levels... so this is not unexpected. ANYONE WITH A CLUE was urging taking massive profits at the highs last year and early this year. The good news is my portfolio rebalancing email took massive profits in stock funds last year and bought money funds paying nearly zero... The bad news is when the markets are down so much, you always wish you took more profits in deferred accounts...

The TOTAL STOCK MARKET was down over 21% so we ARE officially in a bear market despite what frauds and hucksters shout to avoid admitting they lost all their clues ages ago.

And what is very scary is the neckline was a perfect bounce point to test from below the H&S top... and that target says loads more pain if we can't rally to take out that neckline.

I'd love to see it take out that neckline after making a higher low... but...




To: Rarebird who wrote (13724)5/18/2022 12:53:32 PM
From: Cogito Ergo Sum1 Recommendation

Recommended By
SGJ

  Read Replies (2) | Respond to of 26837
 
You gotta figure though.. relative to history ... rates are still dirt cheap... most of today's gurus have no idea what high rates are... utterly clueless.. but your read on their lack of experience and panic was spot on

this too shall pass.. maybe savers will catch a break