Let’s keep it simple, shall we?
Markets do not like the ark floating. TLT making new highs means risk is off, with a big giant capital O. Also, gold trading higher, while the miners trade off, means liquidation of equities is starting to get serious. Couple that with the fact that European sovereign yields are diverging from one another, and there is a recipe for disaster taking form.
Eighty percent of stocks traded off today, with very few places of respite. The only spots of strength were found in dividend payers. Again, the vortex of this market concern lies with yields. If the central banks cannot send the yen lower and JGB yields a little higher, we’re got a problem.
This isn’t fear mongering, but indelible facts on the ground.
Truth be told, the BREXIT vote is a red herring in all of this nonsense. I can see how people might get bearish ahead of the vote, then it gets shot down, causing yet another market rally. Remember, the financial engineers are box watching motherfuckers and will not rest until the Dow is at 30k.
Nothing of note is oversold in Exodus at this time.
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brexit is a symptom of the bigger problem. eu is fucked. china is fucked, japan is fucked. world credit is fucked.
The current bubble is globalization which is manifested in asset prices. Trade deals, central bank coordination, currency manipulation that never actually was beggar-be-thy-neighbour policy but instead a series of coordinated attempts at framing a story.
If the UK leaves, the globalization project has a big problem. That means asset prices have a big problem. And that will eventually include the ark, but not at first of course.
haha programmers
can’t keep it up every-day you tried from 9:40-11 and a little bit at noon
couldn’t get it your pathetic mirage i got some breathing room today haha
something’s wrong with UA, I’ll tell u what
if news doesn’t come out in the next 2 months explaining this drop I’ll suck my own dick