Nov 9
so much for the Red Wave. Markets do not like uncertainty. And despite Kevin McCarthy's late night declaration of taking the House that is still
not clear to day. Memo to Kevin, silence is golden, don't let your mouth write a check the rest of you cannot cash.
And so the markets are off a couple hundred points, Disney tanked 10%. Mortgages are now well over 7%. Biden declares No Moree Drilling, Fetterman comes out for fracking. Now that he won he will be reminded he is not for fracking. Expect higher oil and gasoline prices ahead.
Musk is treating Twitter like a start up and it is not. What was he thinking?
Weekly
If the 175 level goes I don't see any support until maybe 125. This is a classic head and shoulders parttern. top to neckline is 225 points so prices could drop a long long way.
Comments