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Pastimes : The Philosophical Porch

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To: Real Man who wrote (23043)8/3/2024 3:11:00 PM
From: Rarebird1 Recommendation

Recommended By
rogermci®

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The economy is slowing, but is not yet in the crapper. Will it get there? Yes, but who knows when. The A/D line on Friday was only 3:1 decliners over advances. On Thursday, it was 2:1 decliners over advances on the NYSE. When I see two consecutive days of 7:1 decliners over advances, then it is time to head for the hills, but we are not there yet. This smells correction, which can extend to 10-15% in regard to SPX. SPLV and SPHD have not even corrected. BTI and JNJ have been rallying. Sure, it is possible that the market corrects till the first rate cut is delivered. BBB bonds fell on Friday. AAA, AA, A bonds were flattish. I adjusted.

What bond fund are you in?
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