We were never out of the trecherous black waters to begin with. The rallies we’ve enjoyed over the past week were nothing more than temporary respites in an otherwise invective climate for long only investors.
Whether you’re onboard or not, the ark sails. Government bonds are the preferred safe haven for intelligent investors everywhere.
Crude oil is determined to seek out lower prices, causing great injury to those sectors reliant upon it for cash flow. This, of course, is my principal cause for being bearish. It is my belief the analyst community is greatly underestimating the far reaching scale and scope of this crisis to come. It will begin to take on the characteristics of a systemic problem during the second half of 2016, in my estimation.
Stocks are merely servants to the price of crude oil. The demands by which itĀ imposes upon them is unusual and cruel, often wrong. Nevertheless, this is what the market deems important now, the never ending fickle fashion show called the stock market.
European losses edged towards 2%. I doubt there is a rally left in this tape today. I’d still be a seller here, avoiding all commodity related names and banks like the plague.
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just one last bear trap
Lol, I knew you would be on the Ark today (check 3 am comment section). What surprises me is that the American Session has no idea the sell off is all coming from Kuroda’s Comments at the Diet last night. BoJ hints about emergency meeting caused this rally started two Fridays ago, now it is going to take it down. Central Bankers mess things up so much.
the new economy has fang, it doesn’t need commodities
@ nymph… your 1755 number what date does that number come from pls $ thx
Anjing..It was a combo, It was a very strong long term Fibonacci Resistance. QE was ending. Massive Production of Commodities were going to hit the Global Market place. So we had Fed stopping QE, No buyers of Commodities, and the next resistance level at a crazy 2052ish level with a slowdown in global growth…why would anyone buy above that?
Late 2013/early 2014
You’re spot on about oil, I believe. We’re only starting to see the pain.
the cabin flooring is lumber liquidator….we all die in the end regardless.
Never. Leave. The. ARK.
What makes you think it’ll really start to come ahead and into the light in the second half of 2016? Is this when companies usually try to refinance the debt or climb the maturity wall? Thanks in advance for the insight.
Will they be serving SHAK on the ARK??
hanks for taking the time to answer my Q Nymph… your rational decision making I understand…. to answer your question why would anyone buy over the 2052 level… let me pose you another Question. What drove the Nikkei to 42K? That bubble will give you insights into how the North American markets can/will eventually trade higher…..
PS I do understand your POV and I do see how bearish the charts look
bau wau š
@anjing…Nikkei only hit around 20,000 at peak?? And BTW it’s near that late 2013 level fwiw. It was actually below that level in January. Japan was pushed up by 1. Abe’s Arrows, duh, lol. 2. The Yuan Carry Trade 3. China, which is it’s number one trading partner and their Massive Bubble which I have been studying since 2009 when China started it by using Commodities as a source of speculation/financing. IMHO the only thing that can push this BIG BIG MESS up is Massive QE out of ECB at March Meeting. (last night took the wind out of BoJ). IMHO Draghi can’t do it cuz if he DOES EVERYTHING and fails, he is gone. So not in his interest. Yes, Fed may go back to QE in 2017, but this Bubble Popped around 1755ish and should bottom around 577ish around 2018ish.
Oh you talking about the 2000 Tech Bubble. I wasn’t studying the market or in Game then. FANG was rather silly to lead the market. Guess it was the same in 2000.
all aboard ! lolz
two gangways are needed for frequent disembarking
my bad it wasn’t 42 K it was
Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38915.87 in December of 1989 and a record low of 85.25 in July of 1950.
@ Trading Nymph if you are only looking back to 2009 to understand markets ……..
No, I have read about the bubbles of the past, but IMHO to truly understand a bubble I think you have immerse yourself in it vs reading someones take on it. Since 2009 I saw the creation of an actual bubble when CHina started importing vast amounts of Copper which they didn’t need during their New Years Eve celebration. I figured, hey, how many people get to watch a bubble from start to finish? I really thought the pros would have stopped this bubble from getting so big and ugly a long time ago. These 7 years have taught me so much. I just wish Bubble 101 will be over so I can go back to bottom up fundie analysis which I truly love.
Stop being a pussy and grow some chest hairs, we will stomp the bears until there are none left then we will crash to the floor boards. When has the cycle not repeated.
‘scuse me?