Submitted by Next_Hornet7813 t3_zzcj86 in wallstreetbets
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Next_Hornet7813 OP t1_j2asw2g wrote
😹 Like seriously I need some ideas sharing here like I think the index has been trying for the past 4 weeks to surpass a certain support level going down but it reaches it and tonight it's seems to be rebounding until next week so what do you all think and why
Motobugs t1_j2axaqf wrote
I can concur with this.
VisualMod t1_j2arlv5 wrote
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VisualMod t1_j2armgp wrote
>There is a lot of speculation about what will happen in the new year, but no one really knows for sure. The direction of the markets will depend on a number of factors, including the Fed's success in containing inflation and interest rates.
magnetichira t1_j2arsq0 wrote
Up only™️
Next_Hornet7813 OP t1_j2asziy wrote
Check the DM
[deleted] t1_j2awkz8 wrote
[deleted]
BreakfastOnTheRiver t1_j2auj0p wrote
What I've seen:
Retail traders/investors who think that stocks only go up, who know nothing about companies other than analyst price targets, and who don't understand how the Fed fund rate impacts business and risk assets, have been buying every fucking dip this year and providing the exit liquidity for the rich after a decade long bull market.
The low in equities is not in because the high in treasury yields is not in.
dbgtboi t1_j2as77d wrote
Stock market is going to go down. I know this because I come from the future, in 300 years the first time machine gets built by one of Elon Musk's company's. He is still alive btw through neuralink. Anyways, 2023 ended up being one of the worst crashes in history, to the point where it's still remembered even in the year 2300.