Page menu

Monday, November 15, 2021

Market Update Monday 11/15/21 - Is You're 401k Safe In This Bubble Market Economy?

 I don't have much time for an update this morning, but I'll be charting the $SPX line - in real time - at today's open, and updating all the chart in the public charts area.     

I suppose the $SPX could still test the 4700 level. as the $VIX is hammered below 16.24 support - at today's open - but this rally has been weaker than expected. 

Friday is OPEX, so the market will likely be held up for the rest of the week, and quite possibly even for  the rest of the year. Perhaps the controllers only want to hold the market up into good Friday, in order to help retail, but that sector is in a bubble like everything else. 

Watch for a pullback today, or tomorrow, once the infrastructure bill is signed into law. 

We could see materials, and commodities dumped on that news, now that it's already been priced in many times over.  

Materials sector - as alerted to on Friday: 

OK, I just updated the $VIX chart - located in the public charts area - and it looks like the market is confused again. $VIX up, market should be down. 

Another thing that's in a bubble is your 401k. I'm not a financial advisor, but I can predict what's going to happen next, and I can tell you that you that a Roth IRA may offer you more choices than a standard 401k program. 

Good Luck, AA 

No comments:

Post a Comment