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Misc Stock Market

Well dang...covered my short at $675 when I saw this. Small win...will take it.

Maybe we do get a Santa rally...huge gap up. NQ up 1.5% in pre-market after closing down almost 2% yesterday at the dead lows. Talk about counter trade...the market loves that. I still think we go much much lower in January...but we shall see.

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IAU Is up 70% this calendar year. I have to pinch myself daily and can not believe my blind squirrel self found a nut. I dumped it all in this fund last fall before the election. was sick an tired of the swings etc. Figured I'd be safe here at a minimum. No clue Gold was headed for the moon. We'd been hearing about it for years and to be fair, it would inch its way up month over month. But Holy mackerel at what's continuing to take place. Silver is another one, just unreal.
 
ForsythSnow said:
This is going to get really ugly really fast when it all comes down. It's pretty much all AI-powered debt
Click to expand...

To be perfectly honest, it's going to surprise me if we truly have an economic reckoning before the 2030's. There will probably be another AI freakout early next year, the Nasdaq has held OK, but for now the technicals don't look great (the SPX is trying to close at a record again with divergence with QQQ and that hasn't worked out in the medium term at best with this year or a full year with 2022), but my guess is it'll be freakout, not bust and GDP growth will be fine next year.

It'll be fine while young people are priced out of homes and food is still expensive, though.
 
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