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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (23043)	8/3/2024 3:11:00 PM
From: Rarebird	1 Recommendation Recommended By rogermci® Read Replies (2) \| Respond to of 23980

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?

To: Real Man who wrote (23043)	8/3/2024 3:17:59 PM
From: Rarebird	Respond to of 23980

Also, I think the Top is likely in for the vast majority of foreign markets. That is why I sold all of them on Friday. Taiwan has been headed lower since Trump said he was going to charge them for protection. Japan has been tanking big time since the BOJ raised rates again and the Yen has been rallying hard. France and Germany have been declining since their right wing parties have gained in popularity. Now France is ruled by the extreme Left. Not a favorable foreign economic set up.