Re: Tracking the DOW PLUNGE!!!
Another bloodbath DJIA down 546 on the day. Market was down 699 when massive buying commenced - obvious intervention by the PPT - also massive bond buying to suppress the 10y to 3.14 from 3.26 yesterday. Massive margin calls must have been triggered. Gold was up as much as $36 earlier - very encouraging because margin calls trigger massive liquidity calls and gold typically liquidated (cryptos got slaughtered) - not today! The markets look very fragile. We'll see if the PPT can keep this Ponzi propped up. I think this is it - we're in a bear market for stocks and bonds. The PPT can't hold back the tide (without massive QE).
Re: Tracking the DOW PLUNGE!!!
Black Monday after the weekend?
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Neuro
Black Monday after the weekend?
My gut feeling is the PPT will start quietly buying tomorrow AM (Friday) and keep the markets stable all day. I'll bet the major indexes finish Friday with little change. However, I think stocks are entering a bear market and will grind down slowly into Jan 2019. I say this because of the FED is committed to QT at 600B per annum and rising interest rates. The economy is stalling and there are lots of bankruptcies and store closings. I think the trade war will dampen any major foreign (Chinese) investment. So I don't see where more liquidity will come from to levitate these massively overvalued equity markets. Corporate debt levels are at nosebleed levels and all short term paper so rising interest rates will eviscerate earnings. The boomer 401k money stream, which heretofore was the major driver of the FAANGS spectacular gains via ETFs, is petering out due to aging demographics coupled with retirements and the continued loss of high paying jobs with private pensions. The millenials are not buying stocks - they're either saddled with obscene student debts, unemployed or working in low paying jobs. I don't see how the FED can fight this negative tide save for another round of QE - which would tank the dollar and light a match under the metals.
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
mamboni
My gut feeling is the PPT will start quietly buying tomorrow AM (Friday) and keep the markets stable all day. I'll bet the major indexes finish Friday with little change. However, I think stocks are entering a bear market and will grind down slowly into Jan 2019. I say this because of the FED is committed to QT at 600B per annum and rising interest rates. The economy is stalling and there are lots of bankruptcies and store closings. I think the trade war will dampen any major foreign (Chinese) investment. So I don't see where more liquidity will come from to levitate these massively overvalued equity markets. Corporate debt levels are at nosebleed levels and all short term paper so rising interest rates will eviscerate earnings. The boomer 401k money stream, which heretofore was the major driver of the FAANGS spectacular gains via ETFs, is petering out due to aging demographics coupled with retirements and the continued loss of high paying jobs with private pensions. The millenials are not buying stocks - they're either saddled with obscene student debts, unemployed or working in low paying jobs. I don't see how the FED can fight this negative tide save for another round of QE - which would tank the dollar and light a match under the metals.
Impeccable analysis!
Re: Tracking the DOW PLUNGE!!!
If you were the PPT in the current atmosphere of rising interest rates,
wouldn't you let it crash further to buy the dip?
If that's your job to fund the 1% you should do it Liberally, then permit monopolies to ban private persons internet profiles who may know any difference.
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Horn
If you were the PPT in the current atmosphere of rising interest rates,
wouldn't you let it crash further to buy the dip?
If that's your job to fund the 1% you should do it Liberally, then permit monopolies to ban private persons internet profiles who may know any difference.
Yes, that would be quick theft. But doing this fleecing of the people too fast could result in too much chaos that could spin out of their control and lead to expensive damage to infrastructure , riots, mass strikes. TPTB have succeeded in impoverishing the public into living in debt and paycheck to paycheck or subsistence on public assistance. The vast majority are simply unable to buy silver and gold - they are hanging by their financial fingertips. So now TPTB want the final plum: pensions and homes. They can steal this wealth slowly by gradually rising interest rates, a declining real stock market and inflation lest the frogs feel the heat and jump into revolt. Also, I believe that China has a lot more influence on this process than we are being told. China is our major creditor and they want an orderly transition to the reset and bankruptcy reorganization of the USA.
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
mamboni
China is our major creditor and they want an orderly transition to the reset and bankruptcy reorganization of the USA.
True, and near zero has been done in real terms to correct China's monopoly on manufacturing.
No real incentive has been created U.S. side to make use of the increase in rates. Excepting those top 1% who already have their daggers in the pie and no need for the rates. Everything else is basically speculative up to this point.
My belief is both China and U.S. want to shed large swaths of the population to soak up inflation.
https://www.youtube.com/watch?v=CW2vFhQVMMc
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Horn
True, and near zero has been done in real terms to correct China's monopoly on manufacturing.
https://theloadstar.co.uk/wp-content...-c-default.jpg http://www.appleinforma.com/wp-conte...as-foxconn.jpg
We must bring back those fabulous American jobs!
:rolleyes:
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Jewboo
Just think about the "greeness and CO2" point.
Shipping millions of raw materials 1/2 way across the globe to be shipped back as finished goods.
Its like 1/2 the blame for the state of the economy and nobody even tables the topic besides nonretailers.
Re: Tracking the DOW PLUNGE!!!
You'da figgered (((deep state))) would manipulate a stocks fall this month leading up to midterm, in their broad spectrum war on POTUS; as "xx new stock market highs since I was elected!" has been a 'trophy' POTUS has waved around often.
