Changing Investing Landscape-ARK, Reddit, BTC, etc - Testing 1-2 - Changing Investing Landscape-ARK, Reddit, BTC, etc - InvestorVillage


Changing Investing Landscape-ARK, Reddit, BTC, etc
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Msg  306 of 314  at  9/22/2021 9:23:56 AM  by

pharmionphil

The following message was updated on 9/22/2021 9:25:11 AM.

Testing 1-2

Market violated the 100day MA yesterday also intraday but that brought in buyers and it closed back above it but still south of the 50 day.

Well see but think Fed taper has been pretty much priced in after all the media speculation about it for months and Evergrande probably NOT a Lehman type event as the chinese banking system is state controlled and the PBOC with a massive balance sheet for rescue purposes.

What else precipitated the 4% dip and violation of key moving averages?

Debt ceiling issues and the resulting US credit downgrade did cause a significant correction in 2011
.Is Congess dumb enough to cause a repeat?

Gonna guess no in the wake of the Delta variant threat to the recovery.

On the plus side corporate operating margins just notched all time highs (13.5% for S+P500 companiesData source S+P Dow Jones)

Also the market has hedged itself against the technical selling as it dipped to key MA levels-9th largest put volume on record.
Profits to be deployed into dip buying. ?

For sure dips strictly for buying for a DOZEN years now.

Fixed income NO competition


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