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June 15, 2023 | The Fed Needs To Get Housing Prices Down
Danielle Park
Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com
Long term high rates would clean out companies that need culling
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Danielle Park Archives June 15th, 2023
Posted In: HoweStreet.com Radio
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The Dow divisor is now a multiplier the market is going to rally like never before seen. The bond market is huge compared to the stock market as confidence continues to shift from government to the private sector stocks will explode up as well stocks will be safer ss the government tries to bring in a world wide digital currency probably not till after the US election. It is very obvious who is scared of hieghts unable to make it to the top of K2 as the epi center of a 3rd wave rockets the market higher.
This is wave 2 up of the classic Elliot Wave five wave decline. This is a classic bear market rally. It is just about over. The third wave decline will begin very shortly. IMHO.
In the Nasdaq looks like a series of ones and twos to the upside have been competed @ the 2000 high. with the 2021 high being the top of the first wave of wave 3. The corrective over lapping decline into Oct 2022 is the end of a wave 2 decline. Currently in wave 3 that has a long way to go to the upside. tqqq and soxl 3x long etfs are going to the moon. Earlier this year record none commercials short es and record cash on sidelines snort.
My above post should have read a series of ones and twos were completed at the 2022 low