Friday Jan 21 2202
First go back to Tuesday Jan 18 and see our posts that day, all suggest a slowing economy from NFLX to HOG
Cleveland Cliffs - Iron Ore
a 25% drop in one month
SLX Steel Producers gap down
A drop in iron ore adn steel producers suggests a slowing economy if not an outright recession
Lower Lows Lower highs, it's a bear market
Most of the comments by experts in quoted in the WSJ are that this is how a bottom is made but prices just keep dropping
NDX
Cohen & Steers REIT
the sudden reversal in January speaks for itself, it is 1973 all over again
I do think we are close to some sort of a short term bottom in major stock indexes, it is too late to enter HDGE but look at the ratio of short HDGE to Long INDU
this probably tops out near the last high in early Dec, maybe Monday a reversal, then a couple of weeks of weak rally and a good set up for HDGE should be at hand
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