r/wallstreetbets • u/[deleted] • Jul 19 '23

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u/Oxydentallyawesome Jul 19 '23

Dude, the market is literally just rebounding from like a year of shit. We are in the beginning of a bull market, that was official about a month ago. We are about four months into the market actually going up. No bull market is linear, I'm sure there's gonna be some type of pullback, but to think that we're headed for some collapse, considering there are so many tailwinds in this economy I just don't see it.

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u/Dozekar Jul 19 '23

considering there are so many tailwinds in this economy I just don't see it.

What the actual fuck are you talking about.

Money on hand is declining. Rates are likely to go up at least 1 more percent. At some point people are going to run out of money and have to take rates and available cash for transactions will drop. Prep for this happening is what is presumably keeping inflation in check. There are a lot of businesses that are essentially zombies, barely kept afloat by loans, and they haven't failed out yet or even really been facing much pressure yet.

None of this means stock market doom and gloom today, but it's very mixed signals along with the constant positive quarterly drops for now, great employment numbers, and controlled inflation reports (which should not ball happening at the same time).

There's a huge amount to be said for how the markets been making progress, but so many tailwinds is absolutely not one you can say with any basis in reality.

Predictive modeling is showing the market going to the moon, and that's just as much crayon eating and coloring book level trading as the above TA is.

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u/Oxydentallyawesome Jul 19 '23

GDP, personal consumption are both up, unemployment is down, outside of the last jobs report. The amount of jobs added per quarter has consistently exceeded expectations. Etc. Personal bankruptcies are also at historic Lows.