Financial topics

[Tom Mazanec]

aeden, I know I am wasting time and electrons, but I got to get this off my chest.
Please, please, PLEASE! stop contaminating the Financial Topics thread with gibberish.

[vincecate]

aeden, I know I am wasting time and electrons, but I got to get this off my chest.
Please, please, PLEASE! stop contaminating the Financial Topics thread with gibberish.

Still think you are talking with something trying to pass the Touring test, but it should have gotten better over the years.

[aeden]

https://cms.zerohedge.com/s3/files/inli ... ok=2m2VUIn_

[aeden]

aeden, I know I am wasting time and electrons, but I got to get this off my chest.
Please, please, PLEASE! stop contaminating the Financial Topics thread with gibberish.

Still think you are talking with something trying to pass the Touring test, but it should have gotten better over the years.

I need a Passport to visit your sandy paradise.

https://apnews.com/article/donald-trump ... 82a42d6dcd
Illegal immigrant who murdered here walks free.
Kate Steinle, 32, was fatally shot along a crowded Pier 14 where she was walking with her father and a family friend. He faces deportation and U.S. District Judge Vince Chhabria told him in court to never return to the U.S.
Numerous times he walked in illlegally.


Now.
Man charged with the rape of a 10-year-old girl in Ohio is a Guatemalan illegal immigrant.
Immigration and Customs Enforcement (ICE) report

[richard5za]

aeden, I know I am wasting time and electrons, but I got to get this off my chest.
Please, please, PLEASE! stop contaminating the Financial Topics thread with gibberish.

Still think you are talking with something trying to pass the Touring test, but it should have gotten better over the years.

I needed to look up to see what you meant:

The Turing Test is a method of inquiry in artificial intelligence (AI) for determining whether or not a computer is capable of thinking like a human being. The test is named after Alan Turing, the founder of the Turing Test and an English computer scientist, cryptanalyst, mathematician and theoretical biologist.

And yes, I agree with you.

[richard5za]

OK everyone we have inflation higher than expected at 9.1%. What now?

What's everyone's opinion on where the market is headed for the rest of July?
Purely from a technical view there is an unfilled gap just below 3900 on the S&P hourly chart. As I write the US 500 futures are at 3763. My prediction is that politics will create a positive slant and the gap in the chart at just below 3900 will be filled before end July. There might be wild swings in all of this

I remain convinced that there will be a global recession and that both PE ratios and earnings will fall but the market bottom could be anything from 9 months to 2 even 3 years away

[Phong Tran]

It may be the contrarian in me, but I don't think that gaps get filled. It's like the technical low hanging fruit which is going to get a lot of people caught on the wrong side of the trade. I suspect we get 3500 S&P, 27000 DOW in the next wash out. Beyond speculation, smart money goes to where there's low risk, decent rewards and right now that's the USD. If you know the FED has to raise rates, why trade speculatively against that, including stocks, commodities, etc.

I've only started trading and right now I'm short the market. Mostly TSX because I'm in Canada, and the TSX chart reads differently from American markets, but whereas the S&P has been hanging on optimistically for the last week and a half, the TSX has been gradually declining, foretelling the slump in commodities and recession in the markets. In elliot wave terms, we're in 3 of 3, which should be the strongest wave down where the markets start to enter capitulation stage. That would probably be 3200 on the S&P and 25000 on the DOW, before we see a significant bounce.

[Higgenbotham]

Desperation sweeps the land. This is now the norm, not the exception. If you sell yourself on the fact that you know how to calculate payroll accurately, don't expect to get employed. One workplace I'm aware of locally just hired someone in payroll who was "fired" for cheating employees at her previous job. Her mistake was getting caught. Now I hear she is telling some employees that she wants them to be "comfortable" as she cheats them out of 10-20 hours per pay period of overtime. I saw the pay stubs.

https://www.dol.gov/newsroom/releases/whd

https://www.dol.gov/newsroom/releases/whd/whd20220713-0
https://www.dol.gov/newsroom/releases/whd/whd20220706-1
https://www.dol.gov/newsroom/releases/whd/whd20220708-0

All of these are in the past week. I think nursing homes are losing money with the recent wage inflation.

[Higgenbotham]

Separate from the above, but apparently related, and I had forgotten about this, my nephew is a nurse in a memory care facility in Florida. Employees were getting paid bonuses. About a month ago, the company suddenly stopped paying bonuses with no explanation. Several staff quit on the spot.

[richard5za]

It may be the contrarian in me, but I don't think that gaps get filled. It's like the technical low hanging fruit which is going to get a lot of people caught on the wrong side of the trade. I suspect we get 3500 S&P, 27000 DOW in the next wash out. Beyond speculation, smart money goes to where there's low risk, decent rewards and right now that's the USD. If you know the FED has to raise rates, why trade speculatively against that, including stocks, commodities, etc.

I've only started trading and right now I'm short the market. Mostly TSX because I'm in Canada, and the TSX chart reads differently from American markets, but whereas the S&P has been hanging on optimistically for the last week and a half, the TSX has been gradually declining, foretelling the slump in commodities and recession in the markets. In elliot wave terms, we're in 3 of 3, which should be the strongest wave down where the markets start to enter capitulation stage. That would probably be 3200 on the S&P and 25000 on the DOW, before we see a significant bounce.

If you are new to short term trading and haven’t come across Crestmont Research it’s very helpful in getting over 100 years of stock market history into ones head. On the longer term both earnings and PE ratio are most likely to fall. Your projections for Elliot 3 are probably just the beginning. On the subject of gaps this is very common on same day trading and common in short term not for a technical reason but because traders look for them The smart money is not in short term trading