What’s not normal is when the Federal Reserve does QE and calls it unprecedented Repos into a very extended stock market. Then has the nerve to say the market is overextended...C’mon man they are the biggest bullshitters on earth. They did the exact same thing six months before 1929 and every bubble since.
I’m not the smartest bulb...but this market was going to come down no matter what. God help us if the rally up is a 3 wave. I’ll short the shit out of again. End of rant...the system is rigged but as long as your long the world is fine.
I bought more gold stocks on the dip .
Looks to me that before the end of the year probably sooner , interest rates will be at zero again in the US.
I heard they will cut rates most likely on wednesday by maybe 50 basispoints.
If there will be a recession what are the central banks gonna do ??
Lower rates are not possible , buy stocks ,?? in that case gold is gonna scream higher , i wont be surprised if you see 100 $ a day up moves
The Fed is firing blanks. Actually a rate cut might do more damage as T-bill rates collapsed. The big question is, was that one day wonder yesterday a wave 2 or 4? Probably a 2...but either way lower lows are dead a head. Watch Gold tomorrow big move. Today was a good short...actually went full short yesterday.
I remember when I use to read William Tehan and Franz Pick in the "Wall Street Transcript" in high school. The Fed use to be adequate..but they still destroyed the $Dollar to promote Globalism - Free trade. Now somebody needs to go to jail....just saying. They know nothing about business cycles or natural law.You are right Roger ...
• https://www.reuters.com/article/us-global-markets-idUSKBN20Q02V
This is uncharted territory for Wall Street. It's a lesson to all of us, not only them.
Nobody's in charge anymore of the finances, it's a free fall for all...nature @ its worst.
I know you know......Roger, you are not talking through empty ears...I've been there done that back and forth ...
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