Still melting up, lol. MFI went overbought so slight morning selloff. If Powell decides to keep pumping the market then expect it to hit the upper trendline.
Nice wedgie going on though, so it could go either way. Powell's playing a dangerous game feeding the bubble, but that's what he does.
If the market does drop, I have a feeling it'll be all FAANG stock, no AAPL and AMZN earnings sucked, and TSLA is so overbloated it's hilarious.
Nice wedgie going on though, so it could go either way. Powell's playing a dangerous game feeding the bubble, but that's what he does.
If the market does drop, I have a feeling it'll be all FAANG stock, no AAPL and AMZN earnings sucked, and TSLA is so overbloated it's hilarious.
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If you're bearish on the Fed, AAPL puts are cheap.
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The Fed whipsaw starts in a few minutes
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Well, I guess Powell's gonna keep pumping the market, lol. Hyper inflation here we come.
If Biden decides to replace Powell, the market is gonna tank hard. Who knows when that will be announced.
www.cnbc.com/2021/11...-up-in-february.html
If Biden decides to replace Powell, the market is gonna tank hard. Who knows when that will be announced.
www.cnbc.com/2021/11...-up-in-february.html
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This bubble isn't a surprise if you look at the Federal Reserve's balance sheet. The amount of QE is absolutely ridiculous:
www.federalreserve.g...bst_recenttrends.htm
www.federalreserve.g...bst_recenttrends.htm
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In other words, the big correction doesn't happen until the Fed ends purchases. Tapering just means the pump slows down, lol.
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Smacked the upper trendline, overbought (lol) with divergence. Market's so bullish it might just whipsaw up here before pulling back