Black Monday

[alokdhir]

If take the example of property related stocks like SUM ...it reached its bottom ( hopefully ) in mid June while property market will bottom out one year ahead
By that time SUM would have resumed its uptrend and maybe 30% above its bottom

That just shows how forward looking markets work ...they can look even longer then 12 months ahead if its a clear idea

[Aaron]

If take the example of property related stocks like SUM ...it reached its bottom ( hopefully ) in mid June while property market will bottom out one year ahead
By that time SUM would have resumed its uptrend and maybe 30% above its bottom

That just shows how forward looking markets work ...they can look even longer then 12 months ahead if its a clear idea

I am guessing the bottoming out in 12 months time is due to forecasts that interest rates will peak in 2023? and maybe start declining in 2024.

[bull....]

nothing new in fed statement , market re-acted perfectly with the big jump like it has every meeting.

[alokdhir]

I am guessing the bottoming out in 12 months time is due to forecasts that interest rates will peak in 2023? and maybe start declining in 2024.

Thats what market is working on at the moment based on their many past experiences and expertise ...unless they proved wrong by realities

I will go along with market thinking on this as this is not the first rate cycle market experiencing

[LEMON]

nothing new in fed statement , market re-acted perfectly with the big jump like it has every meeting.

Back down tomorrow after US GDP statement

[bull....]

Back down tomorrow after US GDP statement

the playbooks been last many fed meetings
buy the fed meeting sell at close for the big fall the next day.

see if it plays out again? , i do note end of mth this time compared to others might have some influence

[RTM]

I stumbled across this...pretty interesting. Wonder how right he is ?
You will need about an hour if you are interested.

https://youtu.be/LzipwDQBUyc

[ynot]

I stumbled across this...pretty interesting. Wonder how right he is ?
You will need about an hour if you are interested.

https://youtu.be/LzipwDQBUyc

Interesting link. He presents a rather gloomy outlook for China.

[bull....]

yesterday offered a nice bounce off the bottom of the range today

range currently roughly just over 3700 - just over 3900

that range breakout yesterday is continuing today.

in aus some spectacular gains this week from some of the most beaten up tech stocks with high short interest. same happens in US on these rallies.

[alokdhir]

that range breakout yesterday is continuing today.

in aus some spectacular gains this week from some of the most beaten up tech stocks with high short interest. same happens in US on these rallies.

Whats in your opinion reason for this second closing over that range ? News was bad ...GDP contracted instead of small rise !!

10 year dropped big time ...maybe helping improve higher p/e stocks valuations ....Oil continues to show signs of breakdown below crucial 95

Whats ahead ? New lows or higher range trading or new highs ?