I'm at a loss for calling which direction the overall tide is heading now. Part of me says stay in cash, the other part says we will have a blow-off top first. Don't want to be on the side-lines for that.>>>>>
I think the blow off top is not in the cards. The gild on the Nifty Fifty Tech Stocks is starting to fade big time. We are entering a unique time period-- The number one thing to look for now is more money from congress. Without that we are dead in the water.
So paying people so that they will in turn keep the economy going that is the Hampster wheel we are trapped on. End of July is when these unemployment payments run out... Watch that time period for a relief rally when some form of extra funds is introduced I hope... Or for a collapse if Congress goes home for the summer with no deal. The market will then ' force ' a deal by plunging.
I won't believe it personally... but there is real pressure to have some good news on the medical front. Someone has to come out with some moderately good news that is completely over blown by the desperate political situation Trump finds himself in.
That super spike you wondered about missing-- that would come with some brash good news on the vaccine or treatment front... But can we believe it?
I think the blow off top is not in the cards. The gild on the Nifty Fifty Tech Stocks is starting to fade big time. We are entering a unique time period-- The number one thing to look for now is more money from congress. Without that we are dead in the water.
So paying people so that they will in turn keep the economy going that is the Hampster wheel we are trapped on. End of July is when these unemployment payments run out... Watch that time period for a relief rally when some form of extra funds is introduced I hope... Or for a collapse if Congress goes home for the summer with no deal. The market will then ' force ' a deal by plunging.
I won't believe it personally... but there is real pressure to have some good news on the medical front. Someone has to come out with some moderately good news that is completely over blown by the desperate political situation Trump finds himself in.
That super spike you wondered about missing-- that would come with some brash good news on the vaccine or treatment front... But can we believe it?