Market Musings
The market reading has turned and has changed to "Market in Correction!"
The Santa Claus rally may appear but the underlying economy continues to show poorly. New jobs disappointed all those hoping for an economic rebound.
The FED now believes that inflation is not "transitory!"
The FED is between a rock and a hard place but needs to increase the interest rate as other countries are doing.
Remember -- "Only purchasing power counts!"
Setting definitive action points for held positions will be key to
retaining profits in this market.
It is difficult to find long-term trading opportunities with the
future so uncertain. By any reasonable measure, this market is dangerous with buy-backs doing almost 50% of trading this ytd.
Be careful ....
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