I’ve been expecting a pull back for a few weeks now so this pull back doesn’t surprise me.
Only thing that is interesting is the short squeezes on some of the stuff. Reason being that the stocks are not making money when you look at the details, so the prices shouldn’t be rising to begin with....reeks of manipulation. Supposedly the SEC is looking into some of it.
It _IS_ beginning.
I woke up this morning to a corporate edict to control AND reduce spending.
We are a VERY LARGE corporation and traded on the NYSEx.
Corporations are holding onto THEIR cash and servicing debt (loans) with their revenues.
Watch the EBIDTA reports by quarter.
Next step, reduction or elimination of capital projects in 2021.
Elimination of all capital projects slated for start-up in 2022.
How do corporations hedge from a large economic downturn and increased interest rates?
They hold on to THEIR cash.
We should, too.
Time to begin the austerity program; check your budget and eliminate all non-essential expenditures.
Maybe prices are rising due to the dollar falling?
I mean, a $10 stock becomes a $20 stock when the buying power of $20 is the same as $10 was when the stock was that low. Kind of like raising the minimum wage - the price of a happy meal will also rise, giving way to people all needing a raise to keep up.