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

To: Clam digger who wrote (13852)	5/24/2022 10:24:32 AM
From: Kirk ©	1 Recommendation Recommended By berniel Respond to of 26891

Frauds and welchers will do and say anything to keep the illusion going. I remember Jim Jones left California for another country, Guyana, when too many family members of cult members tried to expose him. Eventually family members got a congressman and his staff to leave the safety of the US to check on Jonestown... and my congressman did not return and his wounded staffer, left to die on the runway, is currently in congress. You recall that rather than admit they were fooled by a charlatan, the congregation drank poisoned Kool Aid. What is really interesting is how Jones treated followers who questioned him... Temple members were regularly humiliated, beaten, and blackmailed, and many were coerced or brainwashed into signing over their possessions—including their homes—to the church. Black members and members of other minority groups were convinced that if they left the Peoples Temple they would be rounded up into government-run concentration camps. Family members were kept apart and encouraged to inform on one another. https://www.britannica.com/event/Jonestown Sort of reminds me of banning people who question the welcher. As for the reality of a bear market, I agree. I believe the charts pretty much said it was a bear when about 8% down when the H&S tops formed in many high market cap stocks as well as the SPX and the bottoms started to fail.

To: Clam digger who wrote (13852)	5/24/2022 10:33:19 AM
From: Kirk ©	1 Recommendation Recommended By Sdgla Respond to of 26891

BTW, the "stock market" is the "Total Stock Market" in market cap estimated by VTI. Down 21.9% currently from its peak. Sadly, the chart is still bearish with more to go as the perma seemed to get excited with the rally to the neckline to test it from below... Not being able to see this very simple chart formation found in the age old TA Bible, "Technical Analysis of Stock Trends" tells me all I need to know about his cough... skills. As someone who is always long to some degree, I'd love for the bear to end here today with this new VTI low and a rally to take out the blue neckline... but I still have more asking me what to buy rather than telling me they sold out... AND we have a "leader" who says important foreign policy statements that his own staff have to say "he didn't mean that" after he says it... I think today's weakness is a big part of that disaster.