Check this out. This recent move is so extreme, it envelopes more than a year of gains. The people who bought on election night 2016 are next.
I think it’s appropriate to book gain here for short sellers, but in no way do I think you should go long stocks. After all, tomorrow is Friday and MARKETS DO NOT BOTTOM ON FRIDAYS.
It’s very important that you realize what is driving stocks: oil.
As oil sinks, presently down 5%, the implications are for a weaker China. Those implications have rippled effects around the world for growth prospects. This adversely affects high yield, which then scares the shit out of stocks. Because, because, people think we’re heading into another credit crisis.
The only safe havens are XLU, TLT, and GLD. I just started a position in XLU today and re-bought NUGT.
YOU CANNOT BUY STOCKS WITH OIL DOWN 5%. Period, end of story. If you do so, I will personally visit your place of business and slap the shit out you.
The selling pressure will accelerate as we approach election night gains.
Top picks: NUGT, EGO, EXK, XLU, and DRV.
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They HAVE to have inflation or risk an honest reset.
Ain’t nothing safe about TLT.
The Yen is going ape.
I’ma start shorting the Yen. This is unsustainable.
I don’t understand. Looks like the Yen is weakening, so if you think the move is unsustainable, why are you trading **with** the trend? Do you mean you are buying the Yen/shorting USD?
You’re looking at the standard USD/JPY chart.
Forex Futs quote the underlying currency directly, i.e., JPY/USD in this case.
Right, that makes more sense. One thing of note: looking at a longer term chart, you might be seeing a breakout. Good luck
Fucking Americans for electing President Train Wreck. Thanks assholes.
Whatever country you are from/in, I guarantee it is equally f*cked up. Except maybe Canada.
The main difference is our problems are out in the open (more so than ever…).
The Troops coming home from Syria also thank you.
Regards
Chuck Bennett
Yes, but they won’t be happy when they have to go back in 6-12 months, and they ground they bled for is lost, and their Kurdish allies are decimated by Turkey.
Phone call:
Erdogan: So, I have this embassy tape recordinng….
Trump: Even though 70% of Americans want to cut off arm sales to Saudi and sacntion MBS, I have business interests that i don’t want to F* up. What do you want?
Erdogan: Withdraw from Syria so I can decimate the Kurds.
Trump. Done, that’s an easy one. Because I’m an idiot, i think the American peopel will universally praise me. Maybe I shoudl consult with my Generals first? Nah, I’m sure they’ll agree.
That’s a possibility …and I do love your cynicism. But you may be infected with a bit of TDS.
Indeed good news if they let him follow through. MSM “guest experts” were all aflutter about how bad it would be for us to exit. Some bad shit will happen when we leave …whether we leave today or decades from now …and Trump will take the heat if we leave.
I think the neocons still like us there, so I’m doubtful Trump’ll follow through. He may just be negotiating with his deep state prosecutors.
This is where the apparent “bounce” fails, and we go further into the abyss
Don’t like him, but he stuck to his word and pulled us out, kudos for that. Shouldn’t have been there in the first place. Will it cause more problems now? Could easily. Middle Easter wars are like opposite of trade wars. They are not easy to win, impossible even.