This is mainly a rant about why prices seem to be falling from the sky on QQQs and MNQH23.
I still believe that we cannot hold 10858 and 10608.50 because there is not a ton of structural price support that saves us from landing on a previous VWAP line of 9261.25.
American investors and world investors may have to once again learn that companies have enterprise values based on earnings and asset composition and lose the casino mentality they’ve developed since the end of 1994. I may write in further depth about this, but with the U.S. Dollar functionally worthless as it has lost its “petrodollar” status to the PRC and the current Federal administration continues with its psychotic energy policies, a decision to reduce interest rates would be, in short, suicidal for the U.S. economy. There would very soon when nations realize our inability to pay off our own debt and other nations dumping our debt, be no way to pay for anything but interest on the spiraling debt that the American Uniparty continues to generate through money printing.
That is it for now. THANK YOU ONCE AGAIN FOR SUPPORTING THIS BLOG!
