Hang with me folks, we've been on a wild ride. I'm going to pour over some charts this weekend, I'm coaching 2 rec league bbal games, will try to add something.
The market doesn't appear to want to correct, it is long term, IT term, mid term, short term over bought....even in the strongest bull markets, there are corrections.....evidence is building we are near one......maybe its only 3-5%....
We can, and will look and consider fundamentals, but the action don't lie, that is why I keep throwing charts up for you to conisder.
Can the FED hold the wolves at bey, long enough for the housing market to catch a pulse?
Many are whole again from the 2009 drop. If HIRING realy ramps up, this could go further than anyone suspects.....the printing of money can fool many.
ARE VALUES STILL HERE? Certainly not like before, and if companies add people, profits will decline as costs go up....they are reluctant in many industries.....but housing is another story...will take much longer...rates have risen to where many cannot afford to buy....
It's never as bad or as good as it looks....and we're far from bad
D
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