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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (73955)	11/16/2022 9:02:41 AM
From: Lee Lichterman III	5 Recommendations Recommended By candsrr DanWebzster skier31 Sun Tzu towerdog Read Replies (1) \| Respond to of 97789

I listened to a really really good interview this morning that got me way behind. In it, he talked about just about everything, (It was almost 3 hours long), but it was interesting in something no one else has talked about. Basically, he thinks energy will basically be free in the near future. I probably am going to stay away from utilities going forward. He said that utilities are being required to spend trillions of dollars to upgrade infrastructure, power lines etc to handle the needs of solar and that incentives, improvements in solar technology where it works even in overcast conditions etc will lead to homes generating their own needs and sharing extra production. Eventually, utilities will just be handling distribution but not really so much production of power. They will be burdened with high costs of infrastructure build out in the meantime. As for the overall market. I now have sell signals on only the DOW but not the other indexes. On the other hand, I have sell signals on a boatload of regular stocks and ETFs. My system doesn't do very well on strong moves so they could be negated since the rally was rather sharp and fast but it could be a warning so thought I would mention it just in case. My system was designed for a trending and range bound environment and not rapid moves off extreme highs/lows.

To: Lee Lichterman III who wrote (73955)	11/16/2022 7:52:26 PM
From: The Ox	2 Recommendations Recommended By Lee Lichterman III Lou Weed Respond to of 97789

I understand your sentiments but many people are being squeezed by higher costs, which are out running their increase in wages. Yes, you are 100% right that there are plenty of people who get a job or an increase in pay and mortgage their future by buying a car they don't need. In many cases I would not call these cash flow struggles stupidity but trying to be as practical as possible when their income is lost or is reduced. Dual income households fall back on their credit cards during hard times, as one wage earner loses (or transitions) a job. People who had enough income to pay down their cards each month may run into a situation where aiding family or an unexpected large expense changes their monthly cash flow dynamic. The float on a card "MAY" get them through a tough few months... but if they're not earning more at the end of the tough times, cash flow get squeezed even further by higher interest fees.