is this just a bear market rally or is the bull back?

meurasian77
2022-11-11

last night's market's performance was superior. haven't seen nasdaq up more than 7% in a super long time. all because CPI print is 7.7. yes its good that the CPI is going down but isnt the target 2%? i guess markets are optimistic that last night's 7.7 print is an indicator that CPI is on its way to 2%. i would say its a temporary relief rally that will top out in a few more trading sessions? why? because even though CPI is now 7.7, 7.7 is still a high number. just my $0.02. congrats to everyone who were long before market opened last night.

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Comments

  • kuppi
    2022-11-14
    kuppi

    Cannot say whether the market is 100% bullish until we monitor the trend for a month or two.

    We have seen the trend reversing after a big dip many times. We can consider this only as a small term market correction.

    There are 1000s of investors they wait for a dip to jump in. These group of investors can make a bullish market feeling on and off. It works either way. When the market turns bullish, these group starts cashing to create bearish trend too.

  • Ericdao
    2022-11-12
    Ericdao
    This is how mkt operate. An improvement means good. Target still far, well, that's okay. When Powell start talking, we close our position. Powell will talk sense back to the investors. Have fun, enjoy the ride
  • GREEDisGOOD
    2022-11-11
    GREEDisGOOD
    in a bull market nasdaq won't go up 7 percent in a single day
  • GREEDisGOOD
    2022-11-11
    GREEDisGOOD
    I also feel that this rally will fizzle out in a few trading sessions
  • GREEDisGOOD
    2022-11-11
    GREEDisGOOD

    Good points made


  • GREEDisGOOD
    2022-11-11
    GREEDisGOOD
    thanks for sharing
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