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Market Musings

 

At last, the year is over ... hopefully, 2023 will be better.

However, the FED still wants to raise interest rates and that will hinder any attempt for the economy to gain traction.

Shadow Government Statistics suggests the Biden Administration economic reports are incorrect.

Other significant downside factors are  the downturn in housing, continued supply chain problems, diesel shortages, increasing pilot union demands and tech company layoffs.

Not only the U.S. but the world is headed towards a significant period of negative growth.

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.

Until Congress stops spending deficit dollars, the outlook is bleak.  The dollar is starting to show signs of weakness .. it will be just a matter of time before its value craters.

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

The Acc/Dis line of "A" rated stocks has bounced of the red line suggesting that the market is attempting to rally.

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 01/13/2023 FlowChart, click here.

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