Monday Sept 26 2022
Must read in today's WSJ
Front page - Stock Downturn Brings Pain to Buy the Dip Investors
Andy Kessler notes we have a nation of quitters, as does UK and China. There are grown young men still living at home.
We have noted the Transports lead. on page B 1 Transportation Stocks Flash Alert.
We have shown in previous posts how bear markets stair step to the downside. then a rally takes place making manny believe the coast is clear, only to see new positioins melt, that is the case for BLE which we have been following
Last week we speculated that 1.5 might not hold and if it did not the next stop would be 8.50. that now looks to be the case. And so this Blackrock fund
will have lost 43% of its value in just one year if it hits 8.5.
one of my friends had a saying, it is always blackest just before things go
pitch black
A longer look at the monthly chart suggest the next real support might be 8. and then all the way to 3, notice it is down 9.2% just this month.
Could Real Estate do the same? Millions of retirees are invested in municipal bond funds like BLE and in REITs like ICF.
Kevin Hassett has already predicted a bear market at least equal to 2007-2009./below
can see that ICF did.
the chakin Money fund has not even turned negative yet but it has dropped 20 dollars.
Weekly Transports where is support?
It is at 11,000 and then 7,000. Notice money fow is about to turn negative.
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