daverichardson
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Experience tells me avoid AML
Could be wrong though!!!!!
Could be wrong though!!!!!
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Froddy
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S&P appears to be struggling at the 50% retracement of the trough to high:
[https://www.tradingview.com/x/pu7Gh84i/
And the Yen is looking threatening:
During the 2008 GFC, after the first leg of the decline, price reversed at the 50% retracement before the losses accelerated:
And not for the first time - see 1929:
Will it do so again, or would that be too obvious? Who knows ...
[https://www.tradingview.com/x/pu7Gh84i/
And the Yen is looking threatening:
During the 2008 GFC, after the first leg of the decline, price reversed at the 50% retracement before the losses accelerated:
And not for the first time - see 1929:
Will it do so again, or would that be too obvious? Who knows ...
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Wattie
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Well I’m just catching up on this.
Normal markets, not.
All bought and paid for, Fed now buying everything- except equities.
Oil cuts too will send that soaring.
So, unemployment in the US hits 16,000,000 and stocks soar. Frankly disgusting.
www.zerohedge.com
www.zerohedge.com
Bankers know own us all, they are running everything.
Normal markets, not.
All bought and paid for, Fed now buying everything- except equities.
Oil cuts too will send that soaring.
So, unemployment in the US hits 16,000,000 and stocks soar. Frankly disgusting.
Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Bankers know own us all, they are running everything.
Froddy
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These are technical targets in oil - I kid you not, as we move into hyperinflation ...
Last edited:
Wattie
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Interesting isn't it.
Most Americans live pay check to pay check and now 17million are struggling to survive. Little prospect of getting back to work for the foreseeable future, probably in need of using food banks etc.
I wonder how they're going to react when the penny drops that the Fed has just bailed out fund managers and the banks and Wall St are now making billions from dispersing them loans and from the manipulated higher markets.
Watch this, Sanity in a world of bail out the rich,
www.zerohedge.com
Nothing bears any resemblance to normality anymore.........we now have the highest P/E ever recorded in history!
Most Americans live pay check to pay check and now 17million are struggling to survive. Little prospect of getting back to work for the foreseeable future, probably in need of using food banks etc.
I wonder how they're going to react when the penny drops that the Fed has just bailed out fund managers and the banks and Wall St are now making billions from dispersing them loans and from the manipulated higher markets.
Watch this, Sanity in a world of bail out the rich,
Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Nothing bears any resemblance to normality anymore.........we now have the highest P/E ever recorded in history!
Last edited:
Wattie
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Saudi Arabia, Russia agree to record oil cuts
OPEC and its allies led by Russia agreed to cut their oil output by more than a fifth and said they expected the US and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
Gold ends at highest since October 2012 as dollar declines on the back of the Fed’s new lending plans
Gold futures rally on Thursday to settle at their highest level in seven-and-a-half years, getting a boost as the U.S. dollar declined on the back of the...
www.marketwatch.com
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Wattie
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Dividends cancelled everywhere.....good call, hope u were all paying attention!
Wattie
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Buy and hold
Wattie
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16 million people just got laid off but U.S. stocks had their best week in 45 years
How can these two things - double-digit unemployment and double-digit stock gains - be true at the same time?
www.marketwatch.com
This Curve Will Never Flatten Again: Fed Balance Sheet Hits $6.1 Trillion, Up $2 Trillion In 1 Month | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Last edited:
Wattie
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Beware The Balance Sheet Evolution After A Decade Of Reckless Financial Engineering | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
rockits
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I have a real issue with the word leverage now. It was a dangerous idea to start with and has been amplified too many times now. There is a direct coroleation that for every winner there is a loser. Therefore by the same token of that winner being x10 leveraged the loser is 10x leveraged. The wins are bigger and the losses are bigger by the exact same.amount. Maybe more visible wins as they are won by a small group of people or companies so the individual numbers are much bigger. Less visible losses in comparison (although still potentially massive) as it is dissipated across more people or companies.
There is only way this will end. The rich/poor divide is increasing at an anfanthomable rate. Most haven't realised it yet. It must be coming.
It started years ago with people buying more expensive homes than they could afford on interest only mortgages hoping that prices would increase or with an endowment policy linked to stock market increase to balance the numbers to make sense. It can and did work for some.
This works better when interest rates are higher as the benefits and returns are potentially higher in various ways. When the interest rates fell and are now low to non existent it all falls down. We don't see this scenario so much now for this reason.
However this modern propensity for perceived growth demands to be increased and the idea of getting rich quicker with greater risk increasing has all in a way increased leverage on everything. We are creating a more prevalent boom and bust society more than ever before. Exactly the thing we were trying to prevent.....or so I thought.
What is wrong with slow and steady? The old school way many of the born in 40's, 50's, 60,s and 70,s were fundamentally in tune with. The banks don't want to do the boring basic day to day stuff any more as they can't make enough money doing it.
We have let the finance sector create every increasingly complex products that they even have no idea how they work themselves to run free like wild animals almost unchecked and unshackled.
It cannot, should not and will not continue. If it is allowed to continue it will only continue until it implodes with such a force I genuinely believe the explosion will be beyond all our most extreme thoughts of how bad it could be. The answer isn't at this or any point to create even more leveraged or bizarre ideas to get rich quick or get yourself out of it in a quick creative way. This is the ideal that create the mess and it won't be the one to get us out of it.
There is nothing wrong with slow and steady (so the wife says!) and nothing wrong with operating with sound fundamentals. Everybody (well many) wants and feels they can get rich quick.
The problems occur when the govts are driving and feeding this gravy train. This is not a govts job. It should be the opposite. The gravy train is now a kin to a quad electric motor powered Tesla being driven on Autopilot with quite a few flaws/glitches in the routing software. It never ends well
There is only way this will end. The rich/poor divide is increasing at an anfanthomable rate. Most haven't realised it yet. It must be coming.
It started years ago with people buying more expensive homes than they could afford on interest only mortgages hoping that prices would increase or with an endowment policy linked to stock market increase to balance the numbers to make sense. It can and did work for some.
This works better when interest rates are higher as the benefits and returns are potentially higher in various ways. When the interest rates fell and are now low to non existent it all falls down. We don't see this scenario so much now for this reason.
However this modern propensity for perceived growth demands to be increased and the idea of getting rich quicker with greater risk increasing has all in a way increased leverage on everything. We are creating a more prevalent boom and bust society more than ever before. Exactly the thing we were trying to prevent.....or so I thought.
What is wrong with slow and steady? The old school way many of the born in 40's, 50's, 60,s and 70,s were fundamentally in tune with. The banks don't want to do the boring basic day to day stuff any more as they can't make enough money doing it.
We have let the finance sector create every increasingly complex products that they even have no idea how they work themselves to run free like wild animals almost unchecked and unshackled.
It cannot, should not and will not continue. If it is allowed to continue it will only continue until it implodes with such a force I genuinely believe the explosion will be beyond all our most extreme thoughts of how bad it could be. The answer isn't at this or any point to create even more leveraged or bizarre ideas to get rich quick or get yourself out of it in a quick creative way. This is the ideal that create the mess and it won't be the one to get us out of it.
There is nothing wrong with slow and steady (so the wife says!) and nothing wrong with operating with sound fundamentals. Everybody (well many) wants and feels they can get rich quick.
The problems occur when the govts are driving and feeding this gravy train. This is not a govts job. It should be the opposite. The gravy train is now a kin to a quad electric motor powered Tesla being driven on Autopilot with quite a few flaws/glitches in the routing software. It never ends well
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Interesting isn't it.
Most Americans live pay check to pay check and now 17million are struggling to survive. Little prospect of getting back to work for the foreseeable future, probably in need of using food banks etc.
I wonder how they're going to react when the penny drops that the Fed has just bailed out fund managers and the banks and Wall St are now making billions from dispersing them loans and from the manipulated higher markets.
Watch this, Sanity in a world of bail out the rich,
Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Nothing bears any resemblance to normality anymore.........we now have the highest P/E ever recorded in history!
The US market is stupidily over-valued, but proportionally more people in the US play in stocks and shares, and there's an established strong correlation between stocks doing well and consumer confidence. If consumer confidence falters, the economy tanks. Not saying the FRB is right to prop the system, but it's not as simple as bailing out fund managers and banks. There are a few other oddities and leaps of logic in that article too!
Wattie
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Interesting, u sound like an informed player in the game......background?
Wattie
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Good read
www.zerohedge.com
Market Completes A 50% "Bear Market" Retracement | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Wattie
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I agree with virtually everything you’ve taken the time to post here R.I have a real issue with the word leverage now. It was a dangerous idea to start with and has been amplified too many times now. There is a direct coroleation that for every winner there is a loser. Therefore by the same token of that winner being x10 leveraged the loser is 10x leveraged. The wins are bigger and the losses are bigger by the exact same.amount. Maybe more visible wins as they are won by a small group of people or companies so the individual numbers are much bigger. Less visible losses in comparison (although still potentially massive) as it is dissipated across more people or companies.
There is only way this will end. The rich/poor divide is increasing at an anfanthomable rate. Most haven't realised it yet. It must be coming.
It started years ago with people buying more expensive homes than they could afford on interest only mortgages hoping that pieces would increase or with an endowment policy linked to stock market increase to balance the numbers to make sense. It can and did work for some.
This works better when interest rates are higher as the benefits and returns are potentially higher in various ways. When the interest rates fell and are now low to non existent it all falls down. We don't see this scenario so much now for this reason.
However this modern propensity for perceived growth demands to be increased and the idea of getting rich quicker with greater risk increasing has all in a way increased leverage on everything. We are creating a more prevalent boom and bust society more than ever before. Exactly the thing we were trying to prevent.....or so I thought.
What is wrong with slow and steady? The old school way many of the born in 40's, 50's, 60,s and 70,s were fundamentally in tune with. The banks don't want to do the boring basic day to day stuff any more as they can't make enough money doing it.
We have let the finance sector create every increasingly complex products that they even have no idea how they work themselves to run free like wild animals almost unchecked and unshackled.
It cannot, should not and will not continue. If it is allowed to continue it will only continue until it implodes with such a force I genuinely believe the explosion will be beyond all our most extreme thoughts of how bad it could be. The answer isn't at this or any point to create even more leveraged or bizarre ideas to get rich quick or get yourself out of it in a quick creative way. This is the ideal that create the mess and it won't be the one to get us out of it.
There is nothing wrong with slow and steady (so the wife says!) and nothing wrong with operating with sound fundamentals. Everybody (well many) wants and feels they can get rich quick.
The problems occur when the govts are driving and feeding this gravy train. This is not a govts job. It should be the opposote. The gravy train is now a kin to a quad electric motor powered Tesla being driven on Autopilot with quite a few flaws/glitches in the routing software. It never ends well
This fella does too.
The Takeover | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
rockits
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It is crazy how many people see this and know this. Yet we keep still keep driving down the wrong road. Must be a man driving saying it is definitely this way! Never to stop and ask for directions from local people in the know. Never stopping to turn around and go back to where we just came from to find the right road instead.
There are so many similar scenarios. A gambler up to his eye balls in debt only to genuinely feel borrowing more to gamble again to gain one good big win to get all the debt back. It never often ends well.
This trickle down economics theory is not even great in theory as we know we don't live in utopia. We know that top 1% do things in the main for themselves and for their own personal betterment. So why do we think trickle down economics would work. It doesn't.
That same theory is even more flawed from a social perspective. You are creating bigger class divides as well as bigger wealth disparity.
It amazes me how we let this happen and that we continue to do so. We have same amazingly clever and estute people on this planet...some amazing brains. Why don't we use them? Not for complete personal betterment but just doing the right thing.
Trickle down economics means we have these scenarios where the some of very richest billionaires created due to this idiology gift millions/billions to good causes.....sometimes. Less than more I hasten to add. However we wouldn't need trickle down economics if it were done right in the first place. It is another plaster at a point travelling down the wrong road.
Maybe we could turn around and drive back a bit to find the right road to travel down. We would actually get to the ideal destination much quicker.
Or we could carry on driving at high speed at high risk down the wrong road. We may do a Dukes of Hazard style jump over a massive hole and land in one piece also still be OK. In the movies that always ends OK. Not sure if we did this in real life it would!
We might find out at some point though. When....I don't know. I though it had to be soon but maybe it isn't. I wonder how much more air we can keep pumping in before the bubble pops? I don't think anyone really knows but we sure as h3ll will know when it has happened.
There are so many similar scenarios. A gambler up to his eye balls in debt only to genuinely feel borrowing more to gamble again to gain one good big win to get all the debt back. It never often ends well.
This trickle down economics theory is not even great in theory as we know we don't live in utopia. We know that top 1% do things in the main for themselves and for their own personal betterment. So why do we think trickle down economics would work. It doesn't.
That same theory is even more flawed from a social perspective. You are creating bigger class divides as well as bigger wealth disparity.
It amazes me how we let this happen and that we continue to do so. We have same amazingly clever and estute people on this planet...some amazing brains. Why don't we use them? Not for complete personal betterment but just doing the right thing.
Trickle down economics means we have these scenarios where the some of very richest billionaires created due to this idiology gift millions/billions to good causes.....sometimes. Less than more I hasten to add. However we wouldn't need trickle down economics if it were done right in the first place. It is another plaster at a point travelling down the wrong road.
Maybe we could turn around and drive back a bit to find the right road to travel down. We would actually get to the ideal destination much quicker.
Or we could carry on driving at high speed at high risk down the wrong road. We may do a Dukes of Hazard style jump over a massive hole and land in one piece also still be OK. In the movies that always ends OK. Not sure if we did this in real life it would!
We might find out at some point though. When....I don't know. I though it had to be soon but maybe it isn't. I wonder how much more air we can keep pumping in before the bubble pops? I don't think anyone really knows but we sure as h3ll will know when it has happened.