Can't say I'm all that worried about the market. It would be nice if it didn't go down but that's never going to happen.......Since time began the market goes up and and then down again and when it goes back up 95% of the time it exceeds the previous high. I sat out the GFC without selling anything. Instead I did some buying and am now reaping the benefits of both decisions. 90% of my stock market investments were made for the dividend stream rather than big capital growth. Capital growth is great but it is the dividend stream that I live on........
S&P futures are down about 0.6% so the US market should open weaker tonight mostly on the back of weaker oil prices.
*waiting for Baron to dig up some more dirt. He's already moved into that final 'dirty pissed off' stage 3, before everyone else. LOL
there should be two stages talk, but they wanted to get it done in one go. OPEC and all Why is Saudi and others want to impose another sanction on Iran?, who gave them that rights, looking from Iran perspective. Iran did not go, because it was not their intention to agree to any talk about their cutting or whatsoever. Only those presents are supposed to come to an agreement representing 75% production output. this agreement can not compel others outside to cut anyway. there are those who on the LONG side wanting to make the oil price going back up, so that their never mark to market book would look good again too bad for them. Russia is earning less with the cheaper oil, but they did sold gas to China and earning their USD Brazil is being attacked, so the head of state is ... to put more pressure on BRICS China is being gang up in the South China Sea, with Japan Australia and US Philipinas Multipolar world is here, with Saudi threatening to dump USD, just like North Korea trying to nuke USA :lol: The USD has been by passed yet again in any new deals. With US navy moving away from the gulf, Saudi felt naked, that could be their reactions of feeling surrounded by Shia Everywhere seems to be exploding due to the quakes
Bo Polny-Biblically Bad Economic Crash Coming [youtube]http://www.youtube.com/watch?v=3K-EscbOiy4[/youtube]
In my opinion, tonight will confirm whether a false break of 2080, or continued rally. Letting this one run a little further, not stopping it out straight away, as there is often a false break seen at times like these...
Nice little tumble back below 2080 as expected. Trailing stop initiated so the short trade will once again be a profitable or break even trade. Moving into seasonal downturn for markets.
Stockmarket & precious metals should drop together. My target of US$18 for silver is close enough to being reached.
