Post by
masfortuna on Jan 05, 2023 12:23pm
Market Down BUT...
We are up bucking the trend. Did someone forget to program the algos to sell STC this morning lol!
Candy, the market is being heavily manipulated by outside forces. It doesn't really matter what indicators anyone uses anymore. Case in point, Natural Gas is trading at sub $4 but in November it it was above $9. Commodities are cyclical BUT there is nothing that would indicate that a commodity should lose 60% of its value in 2 months. It would be the equivalent of GOLD trading at $700 today. ***Keep in mind that we are "apparently" in the midst of an energy crunch yet oil has been in steady decline for the last 7 months. So basically it's an "UP IS DOWN and DOWN IS UP" environment at this point.
As for If/When/How Long a recession we will have, again, with this strange macro environment, it's anybody's guess.
Comment by
CandyC on Jan 05, 2023 10:22pm
Mas. Definitely the market has been strange