Mid-November Market Manipulation 2022

 

It's been quite a week in the stock and crypto markets heading into mid-November 2022

With a recent statistic that inflation has dropped a tad in the US, although folks are not feeling it as the cost of living is higher than normal this year, money flowed back into the stock market over the last few days.

Investors are eager to make money after months of being flat or down, so it doesn't take much to get them into a positive mood for a change. In Canada, the latest interest rate hike was less than expected with hints that the hikes may be easing off more in the future. More good news for now but central bank policy can change from month to month.

This week ended on a high; Canada's TSX shot back up to the 20,000 point level.

The crypto scene has shown how fragile it is when it comes to Exchangers. For the second time this year, a multi billion dollar outfit went bust.

How long does it take to bring an Exchange and satellite outfits that has about 16 billion worth of cash and crypto coins to it's knees and fall into bankruptcy. Only a few days when a billionaire competitor gets social media involved leaving many empty handed when FTX withdrawals were stopped this past week. 

I'm sure all of this has crypto holders and investors questioning their own stake in current Exchangers where one manipulative action can bust an outfit. For sure, not a lot of trust out there now when Billions can go poof in an exchange like recently when crypto whales pulled out 6 billion in FTX ... in one day.

Overall, it's what's behind the game that controls a lot of the crypto market. Billionaire movers and shakers and Whales that hold the majority of a given coin. 

                              Courtesy of Cointelegraph

Meanwhile, Bitcoin which has had a 'hovering' level of 20 grand USD when it's free of market turmoil, is holding up fairly well ... dropping to the 15 grand level and upwards through all this commotion.

Once all this FTX business fades, there will be renewed cautious interest once again.

In the stock world, companies get into trouble or go belly up all the time and investors lose millions as well but a top crypto exchange worth 16 billion in a couple days. Wow.

The funny thing is with me, it's not such a shock or surprising where it's all about manipulation ... fear and greed mixed in and the crazy year of 2022. Hopefully that doesn't extend into the whole decade but certainly possible.

Meanwhile, growing my dividend paying stocks is my long term goal and I continue to have an interest in the top two crypto coins by market cap .... Bitcoin and Ether, where some heavyweight regulated financial companies in the US have plans for them going ahead with some already live and running.

November and Energy

 

Central Bankers in North America are hinting at easing off on future interest rate hikes which the stock market likes to see in general. 

The Bank of Canada has eased back on the 'interest rate' throttle some already but the US is staying at the same pace also saying there has not been much slowing of the inflation rate so far in their country.

Personally, I see no change in inflation on my end, especially when it comes to groceries and gas. The one thing I noticed is common items most buy like butter for example that are "on sale" or pre-inflation prices are bought up quickly and the shelves stay empty for longer periods of time. Reminds of early in the pandemic days with hoarding. 

Is there still supply issues with bottle necking and congestion in ports, railways, trucking central depots etc.? I assume so and the high price of diesel is not helping much.

Meanwhile, the Bloggers on my right sidebar continue with the their progress of increasing cash dividends from the stocks and ETFs they own. An example of their dividend strategies being successful despite a current "Bear" marketplace. 

Meanwhile, with the big picture ... the stock markets seem to be levelled off some for now but with the fast paced world of anything can happen tomorrow or next week. prices will change with the short term ups and downs which don't concern me much although I watch and invest "trying" to get the lowest price for my monthly buys. Easier said then done with attempting to time the volatility of the Market place.

The only way to grow cash dividends month after month, year after year is to stay invested for the long term tweaking the portfolio along the way.

For November, ENB, Enbridge is on the top of my list to add to and MFC, Manulife Financial. Both undervalued in price these days and decent dividend paying stocks.

Eric Nuttall of Ninepoint Partners has a keen eye for energy companies that are in good shape to produce gains over time and one can Goggle his breakdown of these in interviews.

Since I'm an energy fan, I've been looking at his firm's ETF ... NRGI, Ninepoint Energy Income Fund which pays monthly dividends and recently increased it's distribution rate.

Bearing in mind that Energy company stocks normally roll with the price of oil. This year has been upbeat for companies that are well managed so far.