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Friday -- Dead Cat Bounce Day.

Posted on 5/13/22 at 3:31 am
Posted by Matt225
St. George
Member since Dec 2019
855 posts
Posted on 5/13/22 at 3:31 am
Should see a decent hold today maybe 1.5% gain even.
Give everyone a good weekend before more slaughter feast next week in markets.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123887 posts
Posted on 5/13/22 at 3:41 am to
quote:

slaughter feast
Someone finna eat?
Posted by FLObserver
Jacksonville
Member since Nov 2005
14450 posts
Posted on 5/13/22 at 5:03 am to
Gonna watch all my beaten down stocks turn green for the first time in a few weeks
This post was edited on 5/13/22 at 8:15 am
Posted by Stiles
Member since Sep 2017
3404 posts
Posted on 5/13/22 at 8:07 am to
quote:

beaten down stocks turn green

Without fail, every time I get a Friday off and have time to play in the market and hopefully buy at a discount, it runs green only for me to be in the red the very next trading session on Monday. You could set a watch to it.
Posted by skewbs
Member since Apr 2008
2003 posts
Posted on 5/13/22 at 8:26 am to
Posted by LSUtiger89
Baton Rouge
Member since Dec 2007
3637 posts
Posted on 5/13/22 at 9:53 am to
quote:

Without fail, every time I get a Friday off and have time to play in the market and hopefully buy at a discount, it runs green only for me to be in the red the very next trading session on Monday. You could set a watch to it.


What’s your schedule? What fridays will that be? Asking for a friend.
This post was edited on 5/13/22 at 9:54 am
Posted by SlidellCajun
Slidell la
Member since May 2019
10398 posts
Posted on 5/13/22 at 10:19 am to
Watch the volume relative to the sell offs
Posted by Jag_Warrior
Virginia
Member since May 2015
4087 posts
Posted on 5/13/22 at 11:27 am to
I haven’t seen that one before. That’s hilarious!
Posted by go ta hell ole miss
Member since Jan 2007
13624 posts
Posted on 5/13/22 at 11:27 am to
We are usually in the teeth of a bear market when stocks consistently go down and then we have occasional big green days mixed in. We may run up to 4200 on the S&P in the near term, but I do not think we have seen the worst of it yet.
This post was edited on 5/13/22 at 11:33 am
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 5/13/22 at 11:50 am to
quote:

go ta hell ole miss


All correct. Although anyone who made entry points in the 3800s/3900s will be very happy over a 1-3yr outlook.

Even if we dip to 3,600.. that’s only a chance of a 7% short term dip from 3,900. I’ll take that considering long term upside.

“Nobody rings a bell at the bottom”
This post was edited on 5/13/22 at 11:52 am
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 5/13/22 at 12:57 pm to
It’ll be in the red by the close. This market is not turning around until the bumbling idiot in the WH is gone.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89513 posts
Posted on 5/13/22 at 1:36 pm to
It's not awful as we get into the afternoon cycle. There will probably be some urge to take some profits, but just a nudge or so here and there, and the S&P will roughly flat for the week.

Since fundamental news is unlikely to get better in the short or even mid-term, I expect it to be bumpy, trending downward for the rest of the month.

But, for a Friday rally, this isn't bad.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89513 posts
Posted on 5/13/22 at 1:41 pm to
quote:

We may run up to 4200 on the S&P in the near term, but I do not think we have seen the worst of it yet.



Recall there was a close above 4300 just 9 days ago. Seems longer (TWSS).
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 5/13/22 at 1:58 pm to
quote:

trending downward for the rest of the month


I’ve always appreciated your comments here. You have OG MT status

I’ll take the contrarian bet and say a grind higher into the end of May.
Posted by go ta hell ole miss
Member since Jan 2007
13624 posts
Posted on 5/13/22 at 2:28 pm to
quote:

All correct. Although anyone who made entry points in the 3800s/3900s will be very happy over a 1-3yr outlook.


I tend to agree, although one year outlook is less optimistic than three year for me.

Dan Ives is saying this is a generational buying opportunity. Funny, this is the fourth generational buying opportunity we have had in 22 years, third generational buying opportunity we have had in the last 14 years, and second generational buying opportunity we have had in the last three years. These generational buying opportunities are getting more and more frequent.
This post was edited on 5/13/22 at 2:32 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
10398 posts
Posted on 5/13/22 at 2:41 pm to
quote:

These generational buying opportunities are getting more and more frequent.


Even with this recent correction, the S&P 500 is up over 75% in 5 years and more than 90% factoring in dividends.

Avoiding investment in the market is a more risky move than investing in it.

Posted by go ta hell ole miss
Member since Jan 2007
13624 posts
Posted on 5/13/22 at 3:35 pm to
quote:

Avoiding investment in the market is a more risky move than investing in it.


My point is market corrections are not generational opportunities. Every time we get a significant pullback is not a generational opportunity. They are expected to occur. This one was even easier to read than most.
Posted by DTRooster
Belle River, La
Member since Dec 2013
7956 posts
Posted on 5/13/22 at 3:46 pm to
quote:

Avoiding investment in the market is a more risky move than investing in it.
since the 2008 crash this market has been fueled by QE and no interest rates. It’s fixing to be a brave new world
Posted by Diseasefreeforall
Member since Oct 2012
5513 posts
Posted on 5/13/22 at 3:49 pm to
quote:

Even with this recent correction, the S&P 500 is up over 75% in 5 years and more than 90% factoring in dividends.


All the excess liquidity from covid stimulus is still out there. Will that mitigate any retracement to the levels of 5 years ago? I don't know but it seems like it could be a possibility. How much outflow can there be out of equities into fixed income?
Posted by SerenityNow
Chicago
Member since Feb 2008
2418 posts
Posted on 5/13/22 at 3:51 pm to
No doubt the long bull run has been fueled by cheap money. I personally think that market returns will adjust down to a more average rate. Which is what, 6-7%?

That alone is going to be an adjustment for people used to gaining into double digits every year.

Outside of real estate, in this inflationary environment, what else do you do with your money? Not like crypto is immune anymore.
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