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2,958.8 standard & poor's 500

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darrenrr

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07/02/24

03:44

Post #: 72273712
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Originally posted by swaggytrader: ↑

I agree, statistically the history is on your side, but the FED has discovered that it can actually control/manipulate the market by buying the top 7 stocks; Obviously they need the companies to have reasonable earnings to support this, but the FED pushes the prices through the uncertain periods. There are economists on both sides of the fence predicting the future direction, but at the end of the day it's about future earnings. There are some companies that will do OK over next year or two (US and ASX), but will the top 7 US stocks maintain their momentum ? That is the fate of BBUS. Some investors think we're taking about the ASX or the US market, we're not, we're talking about Apple-Microsoft-Invidia- Google-Amazon-Meta. These are all consumer related stocks. When you see material drops in their earnings, the whole system will follow. So my advice is be patient, and when you see them record their first decline in earnings load up on BBUS, it's that simple IMHO.

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Big market crash- would love to see BBUS @ $154 (was $15.40 prior to consolidation a few years ago(- 2015 August i think), even a $60 pandemic would be nice.

Last edited by darrenrr: 07/02/24

Value at posting: 2,958.8
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