You may as well be fighting with one hand tied behind your back if you are “just” buying. So it makes sense to play both sides for maximum gains. No excuses if you’re missing 50% of the profit potential The Fed’s failures are going to be studied for 100 years with two key considerations: 1) how not to wreck an economy and 2) why it continues to make decisions despite overwhelming evidence that the course of action it’s taking is wrong. We’ve talked about that frequently so I won’t repeat the discussion today. London-based CrossBorder Capital recently made a virtually identical argument to mine saying that the Fed is sucking too much liquidity out of the system too quickly because it does not understand the “asymmetric impact tightening” is having on the economy. the Fed does not know what it is doing.įinally, somebody else is making the same argument. I have been consistent from the very beginning. Wall Street fawns all over the Fed and so does the mainstream media which seems to book guest after guest who sings J. This isn’t a popular opinion as you might imagine. Powell is as wrong about rates and labor as he was about transitory. Or, chase any upside rebound buying this morning for a quick – and I mean quick – scalp if there is one. Use any profits to pick up more shares as prices drop. Bernstein is out of the gate already with a trimmed price target. There is no doubt in my mind that Wall Street will push this stock as low as it can, possibly even under $100 a share using every trick in the book to scare out the weak money. Chinese sales or not, this isn’t going to change.īlood in the water. 90% of all the data created in human history has been created in recent years. Chinese sales or not, this isn’t going to change. Chips are not even 1/10th of it … engines, fuel tech, data tech, manufacturing techniques, fiber construction and more. China’s already stolen everything it’s gonna steal and then some. ![]() The US government is restricting chip sales to China because they are concerned that chips made here could power Chinese weapons platforms against us. The markets are red again this morning which makes sense given the crosscurrents.
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