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

To: robert b furman who wrote (14692)	10/24/2022 10:07:32 AM
From: Kirk ©	Respond to of 26434

Good morning Bob. I agree the response to COVID became far too political. I longed for the days George Bush was president and rallied the country after the 9/11 attacks but that quickly became political when he attacked Iraq, something that Bill Clinton said (I believe Letterman) we would need to do eventually to remove WMDs. Perhaps the Democrats changed election tactics after they thought the 2000 election was "stolen" from them via a SCOTUS ruling on hanging chads so they had to up their game? There still are the long term impacts of the experimental vaccines that are yet to be defined. Contrast those unknowns with the real KNOWNS of "long COVID." cdc.gov Flu vs COVID It just amazes me that the CDC now views Covid as something that should be treated like the seasonal flu. Which it surely was IMO. Just more than strange that when the "pandemic" raced across the globe killing thousands, "THE FLU" miraculously disappeared. It was a relabeling of the flu, just in time to change all of the voting techniques for the 2020 election In a nutshell COVID was 10 to 100 times more deadly than the typical seasonal flu with vulnerable population getting flu shots. I believe COVID is also far more contagious. The flu spreads the same way as COVID so drastic measures to slow the spread of COVID should and did crush the spread of the less contagious flu. No mystery there but it helps sell advertising on conspiracy theory channels and sites. It has NOT been relabeled a flu. In fact later today I'll get a flu shot in one arm and a COVID shot in the other so I can see my family on Thanksgiving and Xmas. I have some friends who are still mostly isolating even after being fully booster because they have very old people to care for or themselves have cancer weakened immune systems or autoimmune issues. I'm glad people here seem tolerant for the very sensitive and cautious to those who don't care to take any precautions. My gardener wears a mask while working outside but he has had some serious health issues and I've read many who walk or work outside discovered wearing masks helps with their allergies so I've tried to stop being judgmental, we just don't know all the details.

To: robert b furman who wrote (14692)

10/25/2022 11:32:01 AM

From: Kirk ©

Read Replies (1) | Respond to of 26434

Did Cramer catch a bottom for the Reverse Cramer ETF?

From Navellier's weekly email today:

Don't Sell Stocks This Close to the Bottom

Hello Kirk,

Despite the fact that the S&P gained 4.74% last week (with NASDAQ gaining 5.2% and the Dow up 4.9%), CNBC’s Jim Cramer advised investors to sell stocks after the market closed on the previous Friday, October 14. At the close of that bottoming-out week, Cramer said, “The market is dominated by the tick, tick, tick of bonds, oil, and the dollar. So, remember, if we have a big up day like yesterday that is a chance to do some (selling) because there probably won’t be any follow-through.”

Hmmm! I am puzzled why Cramer didn’t just recommend buying oil stocks if he thinks oil prices are so high and disruptive, but perhaps after pushing some ESG-related stocks, Cramer may now be opposed to buying fossil fuel companies! Frankly, I hate to see anyone be so depressed, especially on national TV.

As of last Tuesday, we have had five significant short-covering rallies in October, and that’s a good signal that we are nearing (if not past) the end of the bear market. By mid-October, the S&P 500 had fallen over 25% from its previous highs. Since 1928, there have been nine drawdowns of 25% or more. Our friends at Bespoke Investment Group documented that after each of the past big drawdowns, the average gain from the bottom was +15.2% in the first month, +31.6% after three months, and +33.2% after six months.

The theory that investors should “sell all stocks” when many companies are profiting from inflation and continuing to post record sales as well as earnings, is puzzling to me, so I’ll write about that in more detail in my column this week....

Charts look pretty bullish to me...