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Market Musings

The IBD market call changed to "Market in Correction" today.  

Are investors and particularly, large institutions finally seeing that the "emperor has no clothes."

The STI (Simple Timing Indicator) which is the number of "A" rated stocks in the IBD database  fell below the red line suggesting caution.

Gold and silver continued to show strength this week despite short-selling of paper gold and silver dominating trading.

The Russian-Ukraine conflict continues to drag on.

The Israeli/Iran mess seems to have paused for a moment.

However, the Uni-Party is moving ahead with an $90-billion aid package for Ukraine, Israel and Taiwan ... paying for it with more debt.

Rebuilding our military weapon stockpiles is also going to be expensive and will take time.

In the meantime, the undocumented invasion continues at the U.S. borders and it is becoming a major wakeup call in the upcoming elections.

Do not forget that about 25% of the stock markets value is held by only 5 stocks ... danger ahead?

Have we reached the Minsky moment?  The dollar's reserve status is slipping away taking the U.S. economy towards a slippery slope.

The possibility of the FED cutting rates seems to have gone up in smoke with the latest economic data readout as flawed as they are.

Dare I say that it will be at least another year of dismal U.S. and world economic growth.

And that is if we don't enter a major military war with either Russia or China.

Do not be surprised if the NASDAQ falls through 8,000, the SPX to 2,500 and the DJIA sees the 25,000 level.

Remember -- "Only purchasing power counts!"

It is difficult to find long-term trading opportunities with the future so uncertain. 

By any reasonable measure, this market is dangerous.

Be careful ....

To review the 04/12/2024 FlowChart, click here.

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