Loading ...The NASDAQ is only 300 points from the analog target posted the other day, so anything is possible, but I wouldn’t get too bearish til we hit that mark.
Cheers
Ororeef–best part was that the $ was UP .274
Captain–is gold–[and treasuries] signaling that stocks are soon to decline in a big way??
Eeos
Uncle Mickey, he’s not my uncle. My uncles only great uncles due to deaths were pilots and in army in both ww1 and 2.
This guy is pampered and thinks he’s better than anyone else. He wants to usurp the constitution because he thinks we don’t deserve it and incapable of thinking for themselves. He has thrashed every category including farmers except computer techs. Not everyone wants to be or even can be a computer tech. It’s just a excuse to try to build himself up. If that was true a real computer tech if challenged in knowledge of them would make him look stupid.
treefrog
When was the last time we closed over $1600? Woo Hoo!
hui
ten bucks gain on the HUI today! i don’t remember the last time i saw that!
eeos,
don’t worry too much about mini mike. he is a horrible public speaker with a short temper and a sketchy record. the other democ rats will take him apart at the debate. he is likely to do as much damage to himself as his opponents do.
Bloomberg Quotes
Bloomberg is a pisser, says what he wants I googled Bloomberg quotes and its very entertaining, but far too much to read up on. Very amusing and funny stuff.
worker skills. “You put the piece of metal on the lathe, you turn the crank in the direction of the arrow and you can have a job”.
“I could teach anybody, even people in this room, no offense intended, to be a farmer,”
“It’s a process. You dig a hole, you put a seed in, you put dirt on top, add water, up comes the corn.” “If he thinks that then he is as dense as is he is arrogant.”
said “enormous cohorts” of young black and Latino men 15 to 25 years old “don’t know how to behave”
“Make the customer think he’s getting laid when he’s getting ***ked.” Another says, “As Chuch
Colsen put it: “if you have them by their balls, their hearts and minds will follow.”
“You know why computers will never take the place of people? Because a computer would say that the sex of the person giving you a blow job doesn’t matter.”
He said in 2015 that police target minority neighborhoods “because that’s where all the crime is.”
Ninety-five percent of your murders and murderers and murder victims fit one MO. They are male minorities 15 to 25. That’s true in New York. That’s true in virtually every city. And that’s where the real crime is.
Bloomberg is the kind of mean snake who wouldn’t give a relative a nickel but will
give millions to charity and his political campaigns to self aggrandize himself…charity begins at home, baby…that’s what’s happening…I don’t know where so many successful people get their contempt for family…Chuck Norris was a good guy, he brought a lot of his family into his business and supported the rest
The Great Rick Ackerman=They will attempt to goose bears as viciously as possible to get the obligatory short-squeeze going
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Uncle Mikey creeps me out
Why would a billionaire tool desperately want to run for president so badly? What’s in it for him? Uncle Scrooge is skiing on mountains of money why doesn’t he retire and go away? Because he’s a creep, a rich creep. Again just like we have age limitations on young people who want to hold high offices of power….well we need them on the upper end of the age spectrum too. I don’t want to vote for people my parent’s age anymore. Proof that the shadow government is in full control of the US Govy
Buygold @ 11:59
As long as we don’t have to start calling you Guru! 🙂
Looks like some strength in gold and silver are all it takes to goose the shares. Please sir can I have some more. 🙂
Also … good to see the downdraft in the SM not affecting us.
What does Mike know ? He knows Democrats are for sale and he’s got the Cash
Hillary ,Biden have all been bought by Iranians ,but now MIKE wants in and he’s got the Cash …Its a marriage made in HELL…
Well shux
Didn’t see this coming. I was half kidding about $18 and $1600 but here we are.
The good thing is that it’s not news or event driven.
and…the shares are on fire…it’s about time.
I went out-just got home….when I left, I thought the mkt was on its way to
the unchanged line–I was surprised to see new lows…especially the treasuries coming back to their highs…Bell weather TSLA still up $44….
Gold and silver are the big surprises of the day and may be telling the real truth about where stock mkts are headed…if this 10 yr bull mkt is winding down, then its demise will feature many days like this that just seem like “healthy corrections”
Like I said earlier, maybe today will have the DOW break to a new low…then recover for a while….then another new low…and work its way down to an ole minus 600 by days end
More paper gold
Britain’s Royal Mint launches gold-backed securities tradable on LSE
Britain’s 1,100-year-old Royal Mint said on Monday it will launch an exchange-traded product this week backed by physical gold held in its vault in Wales, which will trade on the London Stock Exchange.
Gold exchange-traded products, which issue securities backed by metal they buy and store on behalf of investors, have become big business since the first was launched in the early 2000s.
They now hold almost 3,000 tonnes of gold worldwide, worth around $140 billion at current prices, according to the World Gold Council.
The mint said its product will have a management fee of 0.22% per year of the value of an investment, putting it towards the low-cost end of the market.
The Royal Mint was forced in 2018 to freeze plans for a digital gold token after the UK government vetoed a proposal to have it trade on a cryptocurrency exchange, Reuters reported at the time.
end
Britain’s Royal Mint launches gold-backed securities tradable on LSE
Supposed to be an arms embargo?
Libyan General Haftar’s forces claim they’ve bombed Turkish ship ‘loaded with weapons & ammo’ at Tripoli port
https://www.rt.com/news/481107-turkish-ship-destroyed-tripoli/
Kevin Muir. The Macro Tourist
[One last reminder – this is a TRADING CALL. Longer term, all of this China supply disruption means more stimulus throughout the world. The risks with this bearish short-term view is that the market sees through it and realizes the worse things get, the more stimulus will be applied.]
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TIME FOR A STAB ON THE DARK SIDE
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Will Apple warning prove the news that shakes the market into reality?
Remember the weekend of February 1st-2nd? It was the weekend when the market hit its most emotional point regarding the Chinese flu situation. Within the financial community, talk about conspiracies and all other sorts of crazy theories were flying around. Reading my twitter feed that weekend felt like the world was about to end. The talk was so dire, I wrote a special Sunday night MacroTourist piece titled “BUY THE PERIODIC TABLE” in which I argued a massive stimulus was coming out of China and this was not the time to panic.
I was only half right. I was correct in that a massive stimulus was coming, but unfortunately the first wave was mostly monetary. And instead of sending commodities flying, it mainly propped up financial assets.
Let’s look at what has happened to the Chinese stock market since that fateful weekend: Straight up on a stick!
I can already hear the pushback – “the Chinese stock market is not a real market. It’s manipulated.”
Yeah, maybe that’s true, but you could have still traded this rally and I am pretty sure the profits from the rally in the FXI Chinese equity ETF are the same colour dollars as any other profits.
But what about other “real” markets? Like the Nasdaq?Don’t send me your comments about how this market is “manipulated” as well.
I have no interest in debating what price indices should be at. I am only interested in what price they will be at.
That weekend at the beginning of February, with all the negativity flying through the air, with the Chinese stimulus on its way, I thought shorting was a poor risk-reward setup.
However, now that we have rallied hard, combined with the fact that the flu situation has not improved as much as I would have anticipated, leads me to think the right trade is now on the dark side.
At this point the fintwit-doomsayers-turned-infectious-disease-experts will be springing up with a “see! I told you so!” Yeah, ok, but aren’t I putting out my short higher than the hole you sold into?
I have no ability to judge the seriousness of the Chinese situation. I am sympathetic to both sides, but I know one thing, the shorts have been run over so hard, it is now a difficult position to hold. It is no longer as crowded.
As I write this Monday morning, the stock market is down on Apple’s warning that the Chinese supply disruption will be worse than expected.
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WOW-!!!! What a dramatic first 10 mins–trannies-down 15–up 34–now down–a pt
TSLA up 58…then up 33–now up 41
amazon up 12….GOOG up 7.80
treasuries waaaaaaaay off their highs
TRANNIES NOW UP 39…LOL–HAA!!– HAA!!
Good luck bears…yer gonna need it…
TRannies were down 130 Friday–now they’re leading to the upside…it’s a Mad Mad World….[screech!]
Buygold-Maddog=9:33–Fuh-giddabout-it–TRannies just went from down 15 to up 20
That’s all ya need to know…is this strong opening stick save to be sold?? Doesn’t seems so…also Treasuries have come way off their highs
Trannies up 32 and moving fast