RE:Its all moot anyways HighOctane89 wrote: I get the feeling that the stock market is dead for the near future , there seems to be a bigger game at play . This is like a slow motion replay of 2008 and as much as cash is being hurt by inflation , its better than loosing 5% a day . I had several buys ready to go today but I just don't think we've seen capitulation (again) . Between an out of control fed and US dollar , even with the FX benefit to Cdn co's , this market won't stop selling . If this turns out to be another 1929 , cash was king .
Governments want all that money back that they gave away last year and they will take a hammer to the stock market as the piggy bank they want to empty . Housing will crash and there could be financial skid marks all over 22/23 . Most retail players have never seen an extended bear market and will keep buying all the way down until panic sets in . I hate to sound so depressing but denying whats happening is more dangerous . This is all wrong ...........
You are not seeing an extended bear market here either. What you are seeing is a financially and mostly politically driven interrupted bull market. This type of market has been part of the US elections play book for decades . Squeeze prices right up to just before the elction the let them rip !!
The formula has been simple . play with interest rates then tighten up on margin requirements.
By its very nature the game is short term. All those short futures positions must be bought back and emptying the SPR for politics is unnecessary once the political reason is gone Also the Freeport LNG plant will be released.
Lastly does anybody really believe that the industry is just going to roll over and die ?? NOT I !!