Rules, Tenx and ConsumersI was a bit lengthy Wednesday post but it was appropriate to remain focused. TENX in pre market hit a high plus 32.5%, up $0.53 from a $1.81 close. Tenx enrolls first patient for a Stage 2 study. It will pull back off a pre market high so I may add on that dip if up just 0.15 before open.
Excess inventories always occur when employment is at record highs. Competitors must keep up the pace in the down line consumption to retail product. New companies are formed to partake in the action seeking profits.
A recession will occur to cull out the under financed or poorly managed manufacturing and retail companies. We are not there yet. Non discretionary supply hits a wall when the montage of consumer product goods finds a diminishing consumer base on the other end.
We are just seeing early burps on TVIX / UVXY before we reach the market firestorm weeks or months ahead.
Glta Cheers Manx