- Sep 29, 2022
3500, let her slide....
Feeling like the Dukes in Coming to America (before they meet Akeem)NKE seems overdone. They will work through that inventory with by EOY. China is China. But if NKE is having these problems The rest of retail is going to get kicked in the teeth. There are a lot of names that look cheap, off 40-50% from highs. You take out the 10 largest names in the S&P, the other 490 are at a P/E of 14. If your time frame is 10yrs, you will be fine. But as Louis Winthrop III said in Trading Places, "Not Yet. Almost".
No way to tell. Future data will tell the story. If Fridays job print is “bad” the market will think Fed is forced to pause. Stability in rates and currency will be all it takes to put things back in balance. Data will tell us if we go to 3200 or to 4200. I’m just trying to make some money on the back and forth.Skeptical it's the bottom...
One of these days I'm gonna say never again and mean it.
Wow. You misread my post. I didn’t mean to seem to jump on you. And I read it.Any of you actually read it? Haha! It shares various large fund dealers and their perspectives - that spread the maybe/maybe not as our own yammerings here do, on a daily basis. SAJ, ease up. GTFO my back, buddy. Sip some coffee, smile and buy, sell, hold - whatever floats your boat. Share articles, share your opinion, though who cares?
I may have already done that with my purchase of that land in Colorado this summer.Do you really want me to crash the land market?