Stockmarket Blues

BuggedOut said:
If you read your article closely he advised that he was short yesterday....but that doesn't mean he placed the short yesterday.
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..it also doesn't mean he didn't place the short yesterday :P
 
Don't know too much about it. I'm steering clear of spec stocks in the current market, but if you want an emotional roller coaster ride then it may be worth looking into.
 
screaming eagle said:
I think you'll find the last time stockmarkets tanked, PMs went down as well. If no one has money to invest, it's not going to simply go to PMs. It was only during the recovery that PMs increased and so did the stockmarkets. There's still room for balance in all investment portfolios and to throw all of your eggs in one basket would be a massive punt to take, either way.
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PMs went up with low interest rates and QE, watch that come out of the bag of tricks much faster this time. Plus the amount of money in China that can go intuitive PMs today is much bigger even after housing and credit bubbles pop. There's more money all over the place than 08 and when it really happens fewer people will be interested in T bills, that doesn't leave many options.
 
This chart has me excited. Looks even more bullish on the weekly.

65_us_dollar.png
 
Some people know they can't predict the future of the markets with any accuracy. Others kid themselves.
 
JB3 said:
Some people know they can't predict the future of the markets with any accuracy. Others kid themselves.
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At this stage we're just retesting the resistance of Sept/Oct lows, and weeding out the weaker shorts.
My short is still in the money, 2/3 up days after multiple down days is extremely common.
Only a close higher than 1955 on the SPX will consider me out.
US Dollar appears to be firing up nicely as expected.
 
Reversal. U.S. market erasing all gains from the previous trading day. Oil mostly doing the same, dropping approx 7%
 
It's looking pretty ominous. To the point where we really need some good news from the Fed this week to hold back another sell off.
 
This is where I believe China is heading very soon...

Give or take a little bit - I would be happy with 1500 :)

65_china_direction.png
 
Me thinks the Chinese got scared looking at my chart..

China absolutely tumbling now -6% currently.
 
Depending on what happens next, I may have to revise my previous silver/US Dollar prediction.

US Dollar looking less bullish & silver could be due for a 4th wave up.
 
sell US treasuries and buy gold and ship it to China

USD is strong and good priced

gold is still cheap

China needs more gold.
 
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