If the Government wants to control new technology they just pass Legislation to gain control eg Weapons manufacturing. To suggest the Government via The Fed is implementing some covert QE so the Government can buy new technology Stocks to control new technology seems a bit X-Files.
Here's a snippet from his interview that's worth mentioning. Reading the COT every week may give you an edge, but it can still flip on its head and leave you hanging in the balance. ******* Aren’t there times when the commercials are short for a very long time, and the market keeps going up, or the commercials are long for a very long time, and the market keeps going down? Sure, but I don’t just trade on the COT numbers. First of all, I need price action confirmation, and second, I have tight stops. For example, I got long heating oil about a month or two ago, which meant the commercials were very long, and the speculators were very short. I got stopped out. I put the position on again, and I got stopped out a second time. Then, all of a sudden, the positioning entirely changed—the commercials were no longer long—which meant that I could no longer buy that market. That is when the market really started to go down. So it is true that a couple of months ago, the COT suggested being long the market. But within a few weeks, it had turned neutral again, and that is when the price collapse really got going.
At the rate the semiconductor index is running it could be over 10,000 by end of 2024. Currently around 5700....
Well that - when hypothetically true - would solve for itself since sources are scarce, so inflation. The guys who always shorted will not be compensated for this, nor the guys who buy puts (continuously)
1999-2000 semi's were leading the charge. The 1999-2000 semi rally gave it all back, wonder how this one will end? 1999-2000 +563% in 504 days/ 2024 +166% in 616 days
Another 22,000 points left of upside....imagine the market capitalization of these semis.. . We would have multiple trillion dollar semi stocks...... So are we saying there is no top for a long long long time.....just one straight vertical climb for the next 3 4 5 6 7 years.
Today was supposed to be the red day and it couldn’t even close a single penny red. 7 straight days of green.