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Re: jtomm post# 103886

Tuesday, 03/14/2023 4:08:53 PM

Tuesday, March 14, 2023 4:08:53 PM

Post# of 115056
I am still calling for a retest of the October lows

This market is all smoke and mirrors. Bank failures are good for the markets ? Give me a break ! The bank failures highlight the problems in the system, which are not going away just because the government steps in. Inflation is still a problem, and the Fed will have to keep raising rates. Corporate earnings will slow, not increase like markets are pricing. PE ratio's of 18 in the S&P can't sustain, plain and simple in a slowing growth, rising rate environment. Consumers can't stay resilient while credit card debt mounts up either. This whole fake bear market rally will fall apart one day. Unfortunately timing it may take me broke !
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