re: Why does the stock market keep going up despite bad news everywhere?

We are down about 15-20% on the year. How much lower do you think it should be, Mr. Powell?

quote:

---

We are down about 15-20% on the year. How much lower do you think it should be, Mr. Powell?

---

I would hope he understands the market's wants are irrelevant when inflation remains starkly high and/or out of control.

But then he tried to initially play off the inflation as "transitory" so...

I just started investing with some side money about a month ago. I have been looking for stocks that are oversold or stocks that fit our current economic situation, ie green energy / nuclear energy, pharmaceutical breakthroughs, etc.

I noticed a lot of oil and gas stocks have almost doubled from June of 2020 so I am staying away from those rn as I think those could take a hit in the upcoming months due to less demand and economic policy limiting production/exportation. Plus, I wouldn't buy the highs of anything RN due to the reason behind ur post.
Simiconductors haven't rebounded despite the nancy pelosi hype around NVDA a couple months back. Some of those looked oversold like AMD, MU, and even Intel. I picked up AMD and MU before the bottom and kept buying in. I think those as well as tech stocks ADBE, Sofi and CRM have hit their bottoms (based on the 2020 lows) and should be moving up. After buying back in to lower my averages, I am currently positive on all of them.

Financial stocks are still hurting from higher interest rates and should be for some time.

Travel stocks like airlines, cruise, and hotels have been beaten up pretty well also. CCL has an earnings report coming out later this month and that is why the stock has gone from 9 bucks to over 10 bucks this past week. I think it will go closer to 11.50 - 12.00 as they have seen an up tick in bookings and prices. Norwegian should do well also, I picked 1000 shares of CCL at 9.50 just because it looked the cheapest from their past highs.
UEC and DNN were two uranium stocks I picked due to EU markets realizing green is not reliable and Russia cutting them off making them look twice at nuclear.

I say all that because despite all the headlines, there is still money to be made or at least places to put your money that will not go to zero over night. If the market pulls back more from here, the stocks I mentioned would have to dip well below the 2020 lows from covid before I would have regretted my decision to enter but barring something catastrophic, I don't see it happening. I can take a 20% loss and be ok, outside of that, I'm letting it ride!

quote:

---

DNN

---

DNN has been bouncing up and down from $1-$1.50. For the reason you just mentioned, I think it's inevitable that it breaks out once Europe finally realizes that their attempt to rely on anything other than their own power generation via nuclear is a fantasy filled with flaws. The big question is just "when will they finally make this decision?"

With Russia shutting off the energy spigot to Europe, Europeans will be paying a premium for natural gas (especially if the winter is harsh). Because of this I don't think we're even close to the top on energy stocks yet (putting my money where my mouth is, I picked up a few hundred DRLL shares a few weeks back even though I swore I was waiting for the market to drop before buying anything else lol).

I think there was a post on this board asking why natural gas stocks aren't going crazy with what is going on in europe and what I learned was domestic exportation here in the US is already at full capacity. There has been a shift from our supplies going away from Asia and to EU but no increase in the total export. Without more terminals/ships at both ends, We simply cannot meet europes demands near term. Increasing downstream production right now actually hurts prices as we will more supply with no increase in the upstream demand.

el GOATcho