As Tesla picks up bearish momentum, it's useful to chart the levels of support. If we break through 110, 103, & 91.5, there's nothing stopping us from dropping all the way to 68 and likely at least testing 63.
FLNG, a company that ferries LNG across the ocean to an energy starved Europe, all while paying a huge quarterly dividend, has been in a pretty tight channel up for well over a year. If trends continue it should get to $40/share by the end of 2022.
When comparing the performance of the SP500 to the expansion of the money supply, you get a completely different picture from a traditional SP500 chart. Instead of a lost decade, try 2 1/2. We're below the levels we reached in 1995, before much of the dot com bubble. A little TA suggests we could fall 10% (3200) to 30% (2500) before this is all over. I'm...
The "scary good" fit of the S&P's exponential growth to this regression line gives one pause on how much room there is to run and how much downside risk there is in the market, even if we *only* return to the regression mean.
