A Stars Hollow Gazette
SILENCE!!! The spirits are about to speak…
You know, I don’t just spend my time railing at our craven capitulationist Congress and their blow dried Beltway butt kissing Bozo court stenographers. No siree. I reserve a certain amount of bile for our corporate criminal culture of greed is good conmen and thieves.
When last we looked in the crystal ball, 18 trading days ago, my prediction was grim-
I expect a rally in anticipation of rate reduction from the next Fed meeting. I expect a rally after they confirm market expectations.
I expect the fundamentals to remain the same.
Look for big Friday sell offs, why be long over the weekend? What should you do in the mean time?
I feel the spirit of Jim Cramer…
Sell! Sell! Sell! Sell! Sell! Sell! Sell! Sell!
Buy at the dips and sell into strength. This market will not be done dropping until it bottoms out on the intraday lows, 6K to 7K. For long term investments look at dividends and p/es, if you have the cash and the time.
I think that over the next couple of days we’re going to test the market lows. We might start hitting those 6Ks I talked about.
I’ve heard some gloom and dooming on CNBC about how Dow 4K is ‘the Great Depression all over again’, but I don’t agree that things are that dire yet. I expect some serious defict spending and it’s all good (some types are better than others of course).
Anyway, at some point earnings and dividends are going to get more attractive than just leaving your money in your mattress. There will be a bottom.
If you are liquid then you will pick up some bargains in the long run, there is no reason to believe that in 2 or 3 years values won’t approach historic levels. And by historic I mean historical average growth, not tulip market prices.
Should have bought potato futures. At least you can eat them.
I don’t pretend economic wisdom, but I see patterns in the data. I use the DJIA as a broad indicator. I don’t claim poblano prescience or accuracy, but if you want to see some brightly colored tables join me below.