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I'm leaning towards David Hunter's view, he said the rally will...

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Jrowl1

3,044 Posts.

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02/02/23

18:17

Post #: 66038381
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Originally posted by ASX616: ↑

This is probably the turning point. When people like Jrowl1 capitulates, posts about "opportunity cost" come in, posts about "just the beginning of a new bull market".

Any bear knows what drove the parabolic bull market of nasdaq since 2009: the fed. And the fed will not return to the ultra loose policy of post-covid era, inflation will be structurally higher due undersupply in labor, commodities. One needs to separate emotions for fundamentals. Howard Marks commented fed funds is likely to be 2-4% in the long term, how will this play out when refi time comes for the corporate debt bubble? Last I heard most companies locked in low rates for 2-3 years.

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I'm leaning towards David Hunter's view, he said the rally will be parabolic and last about 3 months, maybe we are 1/2 through the move, bboz making new lows every second day, bboz at $3.20 is a far cry the $3.63 it was ment to hold, I'll have a look at bboz in 6 weeks and buy in the mid $2.xx area.

XJO Value at posting: 7,511.6
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