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Post by runner on Aug 16, 2022 14:56:49 GMT -5
Summer doldrums kind of day. Down from the open, then little movement and low volume.
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Post by neil36 on Aug 18, 2022 10:17:28 GMT -5
Summer doldrums kind of day. Down from the open, then little movement and low volume. Yes, drifting down on very light volume. Over 15,000 call option contracts will expire worthless tomorrow. Nearly 5,000 four dollar put contracts will finish in the money.
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Post by runner on Aug 18, 2022 15:12:23 GMT -5
Nice to see it move up and hold $4 this afternoon. Healthy volume too compared to yesterday.
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Post by sportsrancho on Aug 18, 2022 15:15:38 GMT -5
The consensus is we’re heading into a new bull market. Or out of a correction in a secular bull market.
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Post by runner on Aug 18, 2022 17:28:27 GMT -5
Fingers and toes crossed!
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Post by peppy on Aug 18, 2022 19:44:15 GMT -5
The consensus is we’re heading into a new bull market. Or out of a correction in a secular bull market. May I ask, who is the consensus? Where can I find the work? Can you provide a link or links of the consensus?
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Post by mytakeonit on Aug 18, 2022 19:58:35 GMT -5
Welcome back peppy !!! You have been missed ... so now ... GET BACK TO WORK AND GET MNKD MOVING UP AGAIN !!!
But, that's mytakeonit
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Post by stockwhisperer on Aug 18, 2022 21:33:24 GMT -5
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Post by sportsrancho on Aug 18, 2022 21:57:32 GMT -5
Thanks stock! I love Tom Lee he has an excellent track record. The one I heard was on CNBC also it was from the WSJ. Saying basically the same thing.
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Post by peppy on Aug 18, 2022 22:54:01 GMT -5
Thanks stock! I love Tom Lee he has an excellent track record. The one I heard was on CNBC also it was from the WSJ. Saying basically the same thing. www.youtube.com/watch?v=3Gi0ALJDTHEThis market bounce is not the beginning of an all-clear, says Worth Charting CEO Aug 12, 2022 I like Carter. We will see. Currency wars going on.
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Post by sportsrancho on Aug 18, 2022 22:56:51 GMT -5
Of course you do because it’s not positive🤣
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Post by peppy on Aug 18, 2022 23:00:02 GMT -5
Of course you do because it’s not positive🤣 We will see. Being positive or negative will not change what the market is going to do. I think the $HSI is worth watching.
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bkdmd
Researcher
Posts: 79
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Post by bkdmd on Aug 19, 2022 6:59:52 GMT -5
The consensus is we’re heading into a new bull market. Or out of a correction in a secular bull market. If you are talking S&P 500 Analysts on wall street are estimating the S&P 500 will earn over $60/share in the third and 4th quarters of 2022. EPS of $60 for the S&P seems high to me seeing how the EPS for the past several quarters has been around $54. Stocks have come down on multiple compression. Stocks have not come down on earnings yet. The wall street analysts are still estimating 228 per share of the S&P500 for 2022 and $250-260 next year. I bet earnings per share for this year will be closer to $200 than $228. I don't see how there is anyway to get EPS for the S&P anywhere close to $250 next year even if you consider inflation will help increase earnings. Dan Niles has a good article on his website if you are interested in what he has to say. www.danniles.com/articlesDuring the average recession S&P500 EPS goes down over 15%. A severe recession EPS goes down about 25%. The Index declines for the S&P 500 during an average recession is around 25% and over 33% for severe recessions.
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Post by runner on Aug 19, 2022 13:06:34 GMT -5
Two hours until the close. Will it get to $4 again and hold there or above?
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Post by cretin11 on Aug 19, 2022 14:36:09 GMT -5
Two hours until the close. Will it get to $4 again and hold there or above? Options expiry day. Look for it to approach $4 but not likely get above it.
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