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

To: Sun Tzu who wrote (17908)	2/5/2024 11:31:34 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26800

Do you remember when you realized you were smarter and understood better what the Fed was doing and why better than the majority of reporters on financial TV? I remember telling some coworkers at HP in the 1990s before I left HP to try and do what Zuckerberg succeeded at... that that they needed to think of most analysts as "sellers of used stock certificates." Anyway, I agree with you on the Fed. Plus they were SO VERY WRONG thinking the inflation was "transitory" that they kept rates low for far too long. My guess is they'll have to keep rates up for even longer than most project. That is fine with me as the high salaries being demanded by most low skill workers in CA will lead to quicker adoption of robots, self-serve check out and such. Costco, AMAT, LRCX and some other stocks seem to suggest this is true too. Sadly, it may bankrupt some of my tiny biotech gambles...