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Misc Stock Market

drfranklin said:
...I split my time between Upstate SC and NC (mostly Triad, sometimes Charlotte/Triangle)
the amount of people moving to the Carolinas is shocking...SCDOT is struggling with overdue infrastructure projects due to the influx of new residents
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It's true. Out by me, which used to be countryside, there is nothing but neighborhoods and developments going on. Disgusting. :D
 
Rain Cold said:
It's true. Out by me, which used to be countryside, there is nothing but neighborhoods and developments going on. Disgusting. :D
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Same thing happening out here in JoCo (Flowers Crossing). I'm happy to see it as I'm going to take the extra money that my house is now worth (2x now what I paid for it), move out a further distance to peace and quite rinse and repeat.
 
Stump said:
Same thing happening out here in JoCo (Flowers Crossing). I'm happy to see it as I'm going to take the extra money that my house is now worth (2x now what I paid for it), move out a further distance to peace and quite rinse and repeat.
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Good attitude to have. If your not in a growing area, then you are in a dying area. If you take a trip up north and look at the infrastructure it's all starting to crumble from lack of cash infusion. Now I don't like how johnston county does it(development). But it's good to be in demand. Hopefully Lick doesn't come in here preaching about his trees.
 
Rain Cold said:
It's true. Out by me, which used to be countryside, there is nothing but neighborhoods and developments going on. Disgusting. :D
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This is happening and will continue to happen as well along the 280 corridor from Shelby county towards Auburn. It may take a while but Coosa county(where I live which is extremely rural) will be flooded by richer urban people looking for their ten acres of heaven. The lack of broadband is the current hold up and that will be ending soon.
 
What happened to this thread? It's been sort of dead for a while. We have S&P flirting with new 52 week Highs, Dow only about 1% away. Do we burn down tomorrow with CPI numbers, or do we have a big breakout? Where does everyone think we are headed?
 
Reverse repo's are coming down hard as the banks are forced to raise deposit rates. That adds liquidity to the market and to the moon we go.
 
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Been a great year, obviously, Qs up 40%. FOMO has driven this so much higher than it probably should be, but charts don't look bearish. But, common sense says we should see a prolonged pullback but common sense usually doesn't win in this market.

Weekly chart...really hasn't been any correction so far this year and seasonality says we should get one in Sept/October. It's tough to keep chasing tech at these levels. At a min I would like to see the Q's test it's 20wema...and it's really extended from it's 50wma.

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From a liquidity perspective, The TGA is pulling billions and billions from the market but that should reverse in October as the administration spends down the TGA to stimulate the economy going into an election year. Of course you have lots of protection rolling off Friday and tax payments due for corporate. and student loan payments firing up again. lots of push pulls going on
 
No snow for you said:
From a liquidity perspective, The TGA is pulling billions and billions from the market but that should reverse in October as the administration spends down the TGA to stimulate the economy going into an election year. Of course you have lots of protection rolling off Friday and tax payments due for corporate. and student loan payments firing up again. lots of push pulls going on
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Man if cash pulls and liquidity drains can rally the market 40%, I can't wait for the next stimulus plan!

Just like there is no pattern that makes for a cold and snowy southeast, there is now no pattern that creates a bear market, minus a few "let's throw 'em a bone" quick down and back up events along the way.
 
Rain Cold said:
Man if cash pulls and liquidity drains can rally the market 40%, I can't wait for the next stimulus plan!

Just like there is no pattern that makes for a cold and snowy southeast, there is now no pattern that creates a bear market, minus a few "let's throw 'em a bone" quick down and back up events along the way.
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??
 
I don't care how high yields get...there isn't enough workers. Unelss the Fed is ready to send us into another global depression we are in quite the pickle....and I am actually somewhat scared.

JOLTS 9.61 million vs 8.8 million estimate.

10 year 4.75%
 
KyloG said:
Been a great year, obviously, Qs up 40%. FOMO has driven this so much higher than it probably should be, but charts don't look bearish. But, common sense says we should see a prolonged pullback but common sense usually doesn't win in this market.

Weekly chart...really hasn't been any correction so far this year and seasonality says we should get one in Sept/October. It's tough to keep chasing tech at these levels. At a min I would like to see the Q's test it's 20wema...and it's really extended from it's 50wma.

View attachment 136981
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Qs rejecting the 20w ema...we bulls could be in big trouble here.

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drfranklin said:
from Santelli yesterday on CNBC:
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I saw that...there is no way the Fed would allow the 10yr to hit 13%...much less double digits. Our country literally can't afford it's own debt today with the 10yr at 4.8% much less at 13%.

I don't think that higher rates is going to fix inflation, it's just going to cripple the economy and they will have to end up cutting hard again. They are really in a pickle and that's putting it gently.
 
JHS said:
I wonder how the markets will react to what happened in DC today. Today was historic up there.
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The bond market is imploding…literally. Normally we would see some reaction but not with the bond market burning. I don’t know how we don’t see more bank failures like we did back in March. If JPowell isn’t losing sleep over this…
 
KyloG said:
The bond market is imploding…literally. Normally we would see some reaction but not with the bond market burning. I don’t know how we don’t see more bank failures like we did back in March. If JPowell isn’t losing sleep over this…
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There are lots of videos on youtube about the banks, some saying at least 1 major bank will fail. I took most of them to be a little alarmist, but maybe they aren't. I had not heard anything about the bond market until today.
 
Qs fighting that 20wema...I haven't done much past 2-3 weeks but I loaded up on TQQQ this morning. If Q's sees $364'ish I start to lighten up.

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