RE:RE:RE:RE:RE:RE:RE:7 dollars
masfortuna wrote: Yup I here you. I was pointing all that out about 4 months ago and it wasn't well received by the board. So now I am just looking for some sign of life. FYI ALL the tech growth stocks I hold are all up significantly. My only red stock over the last month is this one. Go figure eh???
I'm not confident we've reached the bottom in the markets. I think Sangoma could drop below $9 before eventually changing course of direction. I think this is a bull trap rally and I say this with a full position in Sangoma. I find it interesting that the real 10 and 5 year bond yield dropped considerably on August 1st to just 0.09 and -0.06 respectively and yet the stock market is going the other direction. This is telling me that the bond market is lowering its real gdp growth expectations over the aforementioned periods.
For me to feel confident in a market rally I'm going to need signs that the fed funds rate has topped out. Although inflation is projected to be 8.8% in July I expect this number to reach record highs by end of August or September. This is not speculation on my part as the month over month cpi increase for August and September of last year was just 0.2% and 0.27% . Since inflation is measured over a 12 month period, when August and September months are completed, the new cpi will replace last years months which will take the inflation rate to record levels.
Fasten your seat belts, it's going to be an interesting ride the rest of the year.