Rocket 8% in Oct, will the rally continue in Nov?
Idk 🤷♂️, the market keep rallying but the financial results & data show otherwise ![]()
. Not to mentioned... China seem to be going into covid lock 🔐 down again... Sometime the market can be more unreasonable/insane than u think ![]()
. It just doesn't make any sense for the rally & I'm not convinced. So, not buying as I won't invest in something that make no sense / don't understand at all ![]()
+![]()
~~~
Just be patient & ready to buy the fair value dip ![]()
. Later the market made the FED even more mad, they may go even more hawkish ![]()
. Not to mentioned, there are so many other negativity from the economy. There are "other" investments that look attractive beside stocks ![]()
+![]()
= more conservative investing = who say need 100% on stock ![]()
. Just going to stick to my DYODD & be patient with the market. I believed that it will adjust to its fair value sooner or later ![]()
.
Actually my hand a bit itchy & feel like shorting the market with option ![]()
, but... ![]()
self control ![]()
.
DYODD before investing![]()
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Milk The CowOP : & I may even missed the chance to sell apple at high too...
Thought it may go even higher due to the unreasonable rallying...
Milk The CowOP Milk The CowOP: Omg...
Just did the valuation...
, this is the consequences of lazy to DYODD...
.
150+ USD ranges is already one of the few highest fair value price liao, based on the latest report+under normal economic situations...
See
Milk The CowOP Milk The CowOP: So near on the spot as my TP...
.
.
I guess apple is the only company is the most close the the true valuation price already currently
Under bad economy situation it may go even lower though
Milk The CowOP : Wth is this
?!
All the previous crashed has recovered especially $SPDR S&P 500 ETF (SPY.US)$ take 1 day while the Chinese etf take a few day...
It's as if the crashed never happened when FED raised interest rate...
Milk The CowOP Milk The CowOP: What kinda of special day is 4 Nov 2022 for stock market to rally
?
.
Maybe I can close some of my small position with small profits
Milk The CowOP : My take away "possible" reason for the rally...
? (Their economy is in bad shape afterall & of course they may need to open it up as soon as possible 
) However I don't think that China will totally take away some of the covid 19 rules. Maybe they will open their border to "some" specific countries 
, not all. It's still a rumour 
& ppl are already getting ahead of themselves... I see the rally is so crazy for the past few days 
.
? Employment rate is high & investors expects that demand is in good shape=company will be doing well 
+
? But, hold ur hose... this given an even more solid reason for the FED to continue with their restrictive interest rate hike 
as good employment rate may drive inflation even higher as ppl may spend more. It still just doesn't make any sense for the rally...
I think that maybe it's being pulled up by the China's "possible" good news 
. Sentimental thing...win the FED's bad news...
$NASDAQ Golden Dragon China (.HXC.US)$ is probably due to the rumours of no more zero covid 19 rules, something like that.
It maybe the true, who knows
$SPDR S&P 500 ETF (SPY.US)$ is probably due to "I heard" good job data
Overall, I still see the current economy in bad shape...
Milk The CowOP : Market is being unreasonable again $SPDR S&P 500 ETF (SPY.US)$ , but this $Digital World Acquisition Corp (DWAC.US)$ is on a whole new level due to trump again
...
Milk The CowOP Milk The CowOP: So this is what ppl meant by printing money
legally 
.
Milk The CowOP Milk The CowOP: I guess they finished printing
.
Milk The CowOP : Don't think the election can even save the market
"if" tomorrow CPI is a lot higher than expected or higher than previous.