What sort of depraved animal buys stocks based upon some absurd notion the Fed will stop hiking rates? BUDDY: the damage has already been done. We are in the midst of an economic collapse and the market isn’t pricing that in yet.
Today we had a TGT miss and MU supply cut. See how the market is treating both of those stocks? Why aren’t the PIVOTOOORS buying them? They’re not buying them because the economic realities outweigh the sugar high of less poison to the economy.
I am deeply embedded in the belief of lower prices. It is the market’s destiny to COLLAPSE amidst bankruptcy filings and pestilence.
Remember, the Fed can only pivot once. They’re likely to do so in December and then all eyes will be fixed on the economy and the earnings reports.
Are you feeling lucky about earnings, punk?If you enjoy the content at iBankCoin, please follow us on Twitter