You fix energy by fixing supply. Not decreasing demand.
Forgot to add that they are seeing Q3 potential rate cut... likely after visiting 3200irish pete ag06 said:
Just throwing out the data point. Lunch with an investment company rep. Their dude is thinking 3200 in 2023.
Don't shoot the messenger, just figured if I such at bringing trades to this place, at least I can bring this insight.
Charismatic Megafauna said:
Since I'm slow a third possibility just occurred to me... the lower trendline back to january hasn't been as clean as the upper, and could even be construed as flattening. So we chop through dec/jan, cool off rsi then start grinding up. Even if it plays out i still think we hit up the 360s again (which allows the 10/13 bottom to hold)
BaylorSpineGuy said:
Speculation is rampant in this market. Nearly 50% of traded options are 0DTE. Remember when there was only a monthly expiration and nothing else? Yeah, me neither.
Much like the 1920s and in other periods of rampant speculation, the Fed will raise rates to crush speculation.
FJ43 said:
BSG bringing the heat today. You go man!
yeah what FJ said! Your posts have gone from, "****, I bought bitcoin at 60k and sold it at 50k"...to this above! If only my brain would absorb this knowledge that fast!BaylorSpineGuy said:Charismatic Megafauna said:
Since I'm slow a third possibility just occurred to me... the lower trendline back to january hasn't been as clean as the upper, and could even be construed as flattening. So we chop through dec/jan, cool off rsi then start grinding up. Even if it plays out i still think we hit up the 360s again (which allows the 10/13 bottom to hold)
I'll reiterate a slightly different take than what I've alluded to before. Speculation is rampant in this market. Nearly 50% of traded options are 0DTE. Remember when there was only a monthly expiration and nothing else? Yeah, me neither.
Much like the 1920s and in other periods of rampant speculation, the Fed will raise rates to crush speculation. As Farmer once mentioned, one thing the Fed hasn't done is increase the borrowing rate for margin. That would send a clear message but this is a resilient economy, and even the collapse of a trillion dollar asset class (crypto) hasn't been able to slow the positive momentum yet. More to come….
Let me be clear….of course the stated goals of maximum employment and price stability will remain paramount, but this sorta goes hand in hand with the speculation stuff. Feds/government pumped a$$ loads of money into the economy and it dumped into the markets and fueled equity prices. This is part of the unwinding.
seems highly likely, especially given the seasonal weakness + inflation + rate hikes = triple whammy for the markets.irish pete ag06 said:Forgot to add that they are seeing Q3 potential rate cut... likely after visiting 3200irish pete ag06 said:
Just throwing out the data point. Lunch with an investment company rep. Their dude is thinking 3200 in 2023.
Don't shoot the messenger, just figured if I such at bringing trades to this place, at least I can bring this insight.
maybe this has something to do with the post above:irish pete ag06 said:Forgot to add that they are seeing Q3 potential rate cut... likely after visiting 3200irish pete ag06 said:
Just throwing out the data point. Lunch with an investment company rep. Their dude is thinking 3200 in 2023.
Don't shoot the messenger, just figured if I such at bringing trades to this place, at least I can bring this insight.
irish pete ag06 said:Forgot to add that they are seeing Q3 potential rate cut... likely after visiting 3200irish pete ag06 said:
Just throwing out the data point. Lunch with an investment company rep. Their dude is thinking 3200 in 2023.
Don't shoot the messenger, just figured if I such at bringing trades to this place, at least I can bring this insight.
BaylorSpineGuy said:
Made $450 in about 4 min. If I had held, I'd be up almost $1000 but got my little bit and got out. May dip my toes in again later.
Philip J Fry said:BaylorSpineGuy said:
Made $450 in about 4 min. If I had held, I'd be up almost $1000 but got my little bit and got out. May dip my toes in again later.
All I can say is god bless Ron Walker
it's a leveraged ETF, it's bound to dump after ripsBrian Earl Spilner said:
Well BOIL was looking good and then went off a cliff...