Generations of human beings have fortunes tied to the value of a rocket in a gambler's game; one in slo mo and that hinges entirely on P or E 'number go up' for AI inspired circular financers already priced at 40 times earnings.
.@mikemcglone11 on $silver: "These kind of moves are awesome if you're in it; and you're supposed to be in it years ago; those of us who have been investing in silver for decades. But when you get moves like this, typically they put in peaks for not years, but decades." This is
It all boils down to: How many more % points can you squeeze out of the number on your screen before the recipients of free and cheap post-2008 liquidity decide to take the chips off the table? Because once earnings have broken trend, your shares will be trading at a 25%
$xom really looks like it wants to pull a 3x vs $spx. New year, another moment where charts agree with global ebb and flow. The top 10% will eventually recede from the 50% of spending they're currently responsible for, earnings fall, prices fall. $xom rises. Repricing of