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Ya know, given my choice of billionaires, if you’ve got one guy (Elon) who is developing an array of Earth-changing technologies, and on the other (Bezos) a man engaged in an endless party, tom-catting around the world in the world’s most embarrassing midlife crisis, with a shameless lifelong gold-digger I’ll take Elon.
These are my top reasons for being bearish here. This is not a timing call although in my opinion, the market has been the walking dead since the AI-spike. Most of these are slow moving data points though and say nothing about short-term action or sentiment.
Give Me the Best Risk-Adjusted Return
The DJIA divided by the CPI. There are two potential bear markets: 1930s (2000 and 2008) or 1970s. Big difference in the performance of commodities and bonds. Stocks will also be difficult for trading in an inflation scenario. It could be 2022 and 2023 repeated for years while inflation incinerates purchasing power.
Low-end retailer (to put it kindly) Dollar General has lost about 50% of its value since last year. As a chartist, I find this failure fascinating since it illustrates the importance of this very long price channel. DG’s entire existence as a public entity has been contained within this channel until quite recently, but once a bit of damage was done, the writing was on the wall.
I had actually forgotten we even HAD the volume profile study. I gave my all-important XLU a look, and this is encouraging, since there’s a thick wall holding off price ascent.
As a follow-up to my Fading Arrogance post from the wee hours of this morning, here is someone else’s similar take on the Jim Cramer situation:
We are fucked
by u/TotherCanvas249 in wallstreetbets
