Bullish Readings Soaring: The Crowd Approaches Euphoria!

[MarkD]

Just bought at 85, 1/5. Will keep nibbling down to 70 for LT play.
Love these bad stories on great companies.

Having lost a small fortune many moons ago and successfully recovering from it, I like to shoot for what I perceive to be rather exceptional entry points. At present, I have a limit order set at 69.

I will repeat what I added to this site months ago, the big money buys all the way down, and we never know how far down an individual security will drop. So prudent buying makes sense as long as we have mass psychology working for us (and the tide is about to flow out). That being said, I have tons of cash and am waiting for the big fall. My entries are 20% on RTX for instance.

I repurchased a different security which is posted on the AI board and am eyeing another atm. All in small batches.

[loneranger11]

Just bought at 85, 1/5. Will keep nibbling down to 70 for LT play.
Love these bad stories on great companies.

Having lost a small fortune many moons ago and successfully recovering from it, I like to shoot for what I perceive to be rather exceptional entry points. At present, I have a limit order set at 69.

I will repeat what I added to this site months ago, the big money buys all the way down, and we never know how far down an individual security will drop. So prudent buying makes sense as long as we have mass psychology working for us (and the tide is about to flow out). That being said, I have tons of cash and am waiting for the big fall. My entries are 20% on RTX for instance.

I repurchased a different security which is posted on the AI board and am eyeing another atm. All in small batches.

I meant to say I successfully recouped the small fortune I lost. I made the correction to the original statement. Having read Aesop's Fables several times. I favor the Turtle approach. I just watched a Video on selling puts. I am going to implement some of those ideas right away. Will place an order to sell puts on RTX, CAT, and several other cats

I wish I knew about Mass Psychology back in the days, it would have saved me a lot of pain.

[MarkD]

I feel your pain having been through several head fakes by the banksters and friends.

[SOL]

The concept of "long and variable lags," coined by Milton Friedman, becomes relevant when examining the current rate-hiking environment. In essence, it signifies that changes in interest rates may not immediately impact the macroeconomy, and the duration of this lag can vary, being unpredictable in nature.

"In relation to long and variable lags, it is essential to recognize their significant impact. The delays in the effects of certain economic policies and the unpredictable nature of these time frames can exert substantial influence on outcomes. As policymakers, we must grasp the complexities of these lags and consider their implications carefully to achieve desired results effectively. Acknowledging the presence of long and variable lags enables us to make more informed decisions and implement policies that align with our objectives in a dynamic economic environment."

It is fair to anticipate that the impact of the 11 rate hikes implemented by the Fed since March 2022 will eventually affect the economy. The crucial question is when this impact will manifest. Typically, the effects of a rate-hiking cycle become evident within a period of 6 to 24 months after the cycle concludes, drawing parallels to the situation in 2006. Back then, Greenspan, also known as "Greenie," raised rates by 425 basis points from June 2004 to June 2006, and the initial effects were only felt in December 2007, nearly 12 months later. The subsequent events that followed are well-known.

Wednesday's rate increase brings the Fed funds rate, to a new range of 5.25%-5.50%, marking the highest level since March 2001. And Debt levels are significantly higher today than compared to 2001. Its something to ponder over

[MarkD]

Federal debt levels are so large they require rates be "lower for longer", making LT bonds attractive, pushes the dollar significantly lower, and allows the fools in D.C. to keep increasing spending. No secrets, just the grift that keeps on giving.

Exactly what Trump wanted!

And inflation returns with lasting effects.

[MarkD]

3M (MMM) appears to be a Bred n Butter candidate imo. 5% yield same as money market. Looking to buy on pullbacks towards $100.

[Tobeornot]

3M (MMM) appears to be a Bred n Butter candidate imo. 5% yield same as money market. Looking to buy on pullbacks towards $100.

MMM looks pretty decent on the monthlies.


JNJ and P&G are also tempting plays. LLY despite the huge run up has a good yield of 4.2 and might be good to add to on a pullback?

[MarkD]

I think MMM has a higher upside as the others have already gained quite a lot. Once the economy turns, cyclical stocks will lead. Nothing wrong with those near term (weeks to months) for swing trading imo. But I like the look of 3M and it's potential return over the cycle.