The July employment report, released Friday, is providing a relief for the stock market. Nonfarm payrolls came at 1.46 million. Normally I compare economic data with the consensus forecast. In this case the forecasts were all over the place. The key point is that optimists have proven to be right.
There are many crosscurrents. Let’s explore the key question of how high the market can go with the help of a chart. • Under these circumstances, technical analysis is invaluable. The chart shows the measured target for the S&P 500 is about 3,800 points. • The chart shows that The Arora Report correctly called that the virus would hurt stocks prior to the decline in the stock market. Please see “How the coronavirus scare has driven dangerous arrogance and greed in the stock market.”
TheAroraReport The market is predicting a Trump win in November.
TheAroraReport Just hide your money under a mattress as inflation raises.
I am interested to see who will be the stupid one bought the stocks such as AAPL AMZN, FB at its highest price and was trapped as those people who bought CSCO in 2000. CSCO still did not reach 2/3 of its highest price.
Next galaxy over
I think it can go very high.
So high that you can kiss the sky
jkuhn370 bbryer33
TheAroraReport The bubble could get even bigger and bigger than that likely bigness too, if they do negative rates!
TheAroraReport
TheAroraReport I’d do bugger off you permabull vested interest charlatans
TheAroraReport No bubble, just a bunch of angry Perma Bears who have been wiped out in 2020.
TheAroraReport And the bigger the bubble the worst the losses
TheAroraReport Wealth is a collective illusion, nothing has an intrinsic value.
TheAroraReport In a bubble? BS.
TheAroraReport The fed is buying everything just to keep this shit afloat. Trillions of useless printed fiat shit. Thanks but no thanks, I'm out.
TheAroraReport When people stop talking about 'we are in a bubble' with fear. When bears stop shorting and joing the party. When everyone accepts unrealistic valuations...then and only then Jerome will pull the plug and everything will be flushed real hard down the toilet
TheAroraReport Y'all are really pushing this at the same time you're warning of it.
TheAroraReport no it's not investors look 12 months ahead. its fine nothing to see here buy buy buy buy buy