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Charles Payne says

Posted on 10/24/22 at 7:45 pm
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1582 posts
Posted on 10/24/22 at 7:45 pm
He thinks we will rally until Christmas.
I’m betting he is mostly correct.
I think we will rally until midterms and then shortly after. But I think we tank before Christmas.
Any opinions about Charles and his advice?
The guy seems a little too optimistic to me.
Posted by TDTOM
Member since Jan 2021
24813 posts
Posted on 10/24/22 at 7:50 pm to
His guess is as good as anyone else’s. No one knows if it is going up, down or in a circle.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1582 posts
Posted on 10/24/22 at 8:08 pm to
I think his reasoning was (paraphrasing) that the fed is signaling that they will consider backing off after November.
Also the fact that we did not break through the bottom and go to lower lows last week
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 10/26/22 at 8:41 am to
Charles is always optimistic. Tech isn’t doing well today and there is still aways to go until P/E makes sense for many big names.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1582 posts
Posted on 10/26/22 at 12:16 pm to
quote:

Charles is always optimistic


Agree but EVERyONE is expecting a new low next year.
I’m a contrarian I don’t trust conventional wisdom esp when it comes to the market.
Now is the time to be very nimble and very aware.
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 10/26/22 at 12:40 pm to
I think the democrats winning every race isn’t priced in yet
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