Your most recent death was the current SPX top Jan 2022. December 27th, 2021 you came is boasting ka-ching ka-ching ka-ching. The SPX killed you for the umpteenth time and you vanished for the last 8 months. I presume you were dead or in hospital or in the YMCA. Now you are back for more punishment/death/Skid Row. Stupid sons of b*tches abound here. Every ET old-timer I nail to the cross will be followed by this celebratory song sung by my friend and travel buddy, his stage name is Sweet Mickey .......... Obama loves him and he was a frequent guest
OK, as one of my favorite posters here, I give you my opinion. And you know what that is worth! Larry baby (Mr. Summers to me) has said we need to get to 5% unemployment to bring inflation under control. Of course, that , which is based on the Philips curve, is nonsense. But it is what classically trained economists believe. And that is all the Fed is going on. They are not paying much attention to the real cause of inflation --- which only the Administration working with Congress (an impossibility) can do anything about. And of course the Central Bank,i.e., the Fed, is powerless to attack inflation in any way other than the brainless way of raising the wholesale cost of money until borrowers say, "uncle". It's deja vu all over again. Twinkle Toes, oh, what's his name, Volcker, did it. He raised interest rates sky high and precipitated a recession with lots of lay offs (DuPont de Nemours never fully recovered! after Shapiro fired all their brains to "save money" and protect the sacred bottom line.). Now we are going into November, and everything possible will be done to get fuel prices down ("drill baby drill", and pump pump pump from the reserve) to stave off a disaster for the Democrats. Meanwhile the Republicans insist on self destructing. It is extremely difficult to have a recession when the government is spending like massive amounts of outside money into the economy (deficits = new outside money). However, where are all those worker bees that will put this new money to work going to come from when we are at full employment and the last administration shut the door on immigration? Bottom line: Big boost in government spending + tight labor market + big fight with China = continued inflation. Result: the Fed pushes onward with the only tool they have. Therefore I expect we are only at the intermission -- everyone to the bar for drinks --- the second act is yet to come. The second act should feature a recession sometime next year at the insistence of our unimaginative and boring Fed.
This may seem weird, and odd to hear from me, but you know what I think would halt inflation in it's tracks, DEAD, and stop the madness? Getting rid of the EIC for having children. BAM! Done. It is half logic, and half rage. Stop giving incentive to poor mothers to have babies so they can get free shit. Lazy-ass mother fuckers! Have less kids, and work more!
So nice to see you Mr. Ching Ching Ka-Ching. Mr. Ka-Ching, it was the bulls who got crushed from Jan 3, 2022 all the way to June 16. (Fact). Don't believe me? Have a look at the SPX daily chart! Then from June 16, the bulls have been clawing back up the legs of the BEARS and have arrived at The Bears' crotch (50%) (Fact) Horrible place for the Bulls to be at right now wouldn't you say?
BEAR market rally or Bull market ... see thread title ..................... then see this yours truly's application of the psychological factor aka SENTIMENT Donald Trump is the best example of a one-sided TRADE. Bears vs Bulls = 99.99% vs 0.01% Apply same principle to this thread title on the larger scale of the entire financial market Nature abhors a vacuum and a one-sided trade. Now watch how one-sided it was:
Dow Jones daily chart showing thread title bear rally winning the argument - headed to Argentina next week ............