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09-28-2021, 08:07 AM
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#2911
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by ReplayRandall
https://www.forbes.com/sites/teakvet...teps-down/amp/
The presidents of the Dallas and Boston branches of the Federal Reserve Bank, Robert Kaplan and Eric Rosengren, respectively, announced their retirements hours apart on Monday, weeks after they said they would sell their individual stock holdings after questions were raised about their trading activity from last year.
Rosengren’s last day will be Sept. 30 — the date he and Kaplan said they would sell all their individual stocks by, after coming under scrutiny for trades made during the pandemic; Kaplan’s last day will be Oct. 8.
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Smart move.....
Staying in office would have cost them millions on their investments...
So quit, sell, find another position...or get rehired in a few months...
The American Way!!
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09-28-2021, 09:05 PM
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#2912
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Market hit again....
but
still closed at around 20 moving average...
A lot of the big tech stocks are marked around "fair value" now
Is it near the end of correction?
Pre-Markets up for tomorrow...
Lets see....
Mike
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09-28-2021, 09:45 PM
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#2913
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Red October About To Surface
Quote:
Originally Posted by geroge.burns99
A lot of the big tech stocks are marked around "fair value" now.
Is it near the end of correction?
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There's been NO correction...Fair value? Seriously? Have no idea what you're talking about.
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09-28-2021, 10:21 PM
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#2914
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by ReplayRandall
There's been NO correction...Fair value? Seriously? Have no idea what you're talking about.
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Explain or stay clear of my post....
no need to put people down
Capish ?
Last edited by geroge.burns99; 09-28-2021 at 10:23 PM.
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09-28-2021, 10:29 PM
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#2915
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by geroge.burns99
Explain or stay clear of my post....
no need to put people down
Capish ?
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Where was the correction?
Do you realize how much ALL stocks have to correct to be "fair value"?
Explain why you say the opposite, as you did in your confusing post.
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09-28-2021, 11:36 PM
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#2916
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,447
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This is actual babyshit compared to an real correction...which...if you go back to the rally that started after the COVID drop, would look something like the attached.
Last edited by PaceAdvantage; 09-28-2021 at 11:40 PM.
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09-28-2021, 11:40 PM
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#2917
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,447
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PS. the only saving grace today had was that the volume wasn't as impressive as it should have been, if this is going to have any meaningful follow-through.
The fact that the market is this quickly looking like it's going to test the 100MA again after closing above the 50MA following the first touch of 100, should be a warning to bulls.
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09-29-2021, 03:45 AM
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#2918
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,729
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Quote:
Originally Posted by PaceAdvantage
PS. the only saving grace today had was that the volume wasn't as impressive as it should have been, if this is going to have any meaningful follow-through.
The fact that the market is this quickly looking like it's going to test the 100MA again after closing above the 50MA following the first touch of 100, should be a warning to bulls.
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interesting statement because in the last decade the volume hasn't been that stellar on the way up. the question is going to be, did the equity markets price in future inflation? i am going to guess that it did, and that would be the reason for the ride to the upside with low volume. i am going to speculate that inflation is priced in and that the S+P now wants to go visit his friends, ultimately at 2500. i have been wrong the whole decade and I keep asking myself why should i be right now?
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09-29-2021, 07:52 AM
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#2919
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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thanks guys....
I know the real meaning of a correction is 10% but when I'm down 13 grand from my high in 3+ months , I have to call it something that is appropriate on this site...
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09-29-2021, 07:58 AM
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#2920
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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As for "Fair Value"
Just taking it from Yahoo .....
Tech stocks have been over valued for a while now....
To see it like it it now , shows promise that its near normal...???
I could be wrong....
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y.JPG (237.8 KB, 3 views) |
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09-29-2021, 08:36 AM
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#2921
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,729
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Quote:
Originally Posted by geroge.burns99
As for "Fair Value"
Just taking it from Yahoo .....
Tech stocks have been over valued for a while now....
To see it like it it now , shows promise that its near normal...???
I could be wrong....
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you are
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09-29-2021, 08:40 AM
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#2922
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
you are
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educate me , please
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09-29-2021, 10:00 AM
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#2923
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,447
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Quote:
Originally Posted by PaceAdvantage
PS. the only saving grace today had was that the volume wasn't as impressive as it should have been, if this is going to have any meaningful follow-through.
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I take back the above. The volume was actually pretty good...good enough actually...to make me think there is more downside to come...
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09-29-2021, 11:38 AM
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#2924
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,729
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Quote:
Originally Posted by geroge.burns99
educate me, please
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markets only do 1 of 3 different things, it expands, contracts, and stays stagnant. markets tend to get driven to the last time it had high volume. when it breaks all-time highs there is no volume to chase to the upside. but when it does go up with a lighter volume than the time it went down the low point that had the volume needs to be tested before it goes up again.
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09-29-2021, 01:47 PM
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#2925
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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The Economic Storm Is Upon Us
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