unless the Republicans get another fucking idiot into office (redundancy) and give a tax bonanza to billionaires, possibly coupled with another easily stolen government giveaway that never quite makes it to the intended recipients.

Without a large infusion of other people's money, the 1% won't be able to inflate the market back close to a 40K Dow.

Now we are faced with light stagflation and robust employment. Can't fight inflation with more jobs and rising real spending power. Nor with energy prices that have peaked because they increase growth and spending power.

What I'm seeing in more than half my watchlist is eroding price over days and weeks. No or few robust rebounds. Asset plays - food, utilities - poor. Speculative growth - cannabis, pharma - flagging badly. Big Tech is treading water at best. My mutual funds are similar.

So now there's no place to hide if you want to be long.

Only a short term losing strategy if earnings tank the company. Modest profit on move upward. A strategy I use frequently.