Dont worry i watched the Sp 500 also long enough , just trying to make anything positive of a losing short position
What's going on with the US stock market lately?
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Draghi panics as Europe's stagflationary depression deepens. Yet bad news is good news for the coke hags that gamble in the world stock markets. With institutional cash @ all time lows and margin debt @ all time highs and toast in San Francisco selling for four dollars,could the end be near? "Bubbles" is a nickname for a busty woman,this QE bubble will not be so pretty when it goes bust.
i ll buy some puts next year autumn ,try again.
politics and banks are totally intertwined in europe as well
politics and banks are totally intertwined in europe as well
If you look at the first chart here of the aggregate money supply we clearly have five waves up in place. If this starts down from here,the FED will be powerless to reverse it. They will try but there is clearly too much leverage in place.
Watch gold breaking lower will be a bad sign,possibly dropping to 800 or below.
http://jessescrossroadscafe.blogspo...+JessesCafeAmericain+(Jesse's+Café+Américain)
We have 5 waves down in the Dow,further selling then if we get a failed rally next week,might look to go short. Europe in serious deflation,but interest rates to rise in U.S.,very bullish for the USD,bad for everything else.
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The banks in europe must be still in very bad shape, i cant see another reason for draghi to lower the rates to 0,25 %
A rising Euro is deflationary. Draghi is screwed,just like Abe in Japan. Currency wars are now the norm,and a rising USD will be drag on multi national corporate profits. These central bankers like Bernanke,Draghi,Abe,Yellen,and Carney are fools.
Should bounce tomorrow if this is c of 4,if not a 3 down is possible. Still looking for one more leg up to 1800'ish to finish later in November.
Looks almost complete....
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Plus 85 today, closing in on Dow 16K & SPX 1800. The Dragon King cometh....1850 to 2000 on the S&P will set up a dangerous market. Next week the crazies @ the Fed inject 16 billion in pomo funds. The Fed does not want a down market before the holidays...Murphy's law is alive.
Roger, I'm a bit scared to ask (as I may be compared unfavourably to a 4th grader), but what is that chart telling us?
That OK Whatmore....in the new normal,the fed want's or hopes that the CRB(red line) moves in the same direction as the S&P500(black line)...up or positive on balance. Since 2011 the CRB has made it's normal secondary top. The FED panics and creates unlimited QE in hopes of boosting prices and adverting deflation. You can plainly see the divergence since 2011 between both lines. This divergence would tell any economist or central banker QE is not working. A new policy plan should be put in place.
The normal is the Fed uses it's powers to keep the CRB(prices) stable,thus protecting the purchasing power of the currency and that in turn spurs long term economic stability and growth. Instead the Fed continues to protect the Banker class and blows multiple bubbles and bubbles never inflate to infinity. They POP!
The CRB will go back to the 2008-2009 low in the next 12 months and they cannot stop it. Too much debt leverage and the Fed created stagflation-ZIRP polices force downward pressure in the Macro economy.
For the trillions of dollars injected to protect the stakeholders,that monies was more then enough to recapitolise the mega center banks and shorten the downturn. Corruption on such a level can bring no good,a shame indeed.
It is the commodity price index published by the Commodity Research Bureau(CRB). It is a basket of commodities ie corn,wheat,pork bellies,live cattle,gold,oil,copper,ect.
Major resistance: Dow transports 7400 where A=C, DJ Ind 16,200,SPX 1825 Historically November has been the most bullish month so a blowoff is possible. December 1st can bring in a top,as well as the first 4 days in January. I favor the week after Thanksgiving.
Went short today 11/20....see what happens. The SPX hit 1800 and the DAX looks toppy here a long with the Dow this week.
Went short today 11/20....see what happens. The SPX hit 1800 and the DAX looks toppy here a long with the Dow this week.
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Tonight the Investor's Intelligence 4 week moving average of bulls divided by bulls plus bears has reached its highest level in 26 years (1987).
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