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“Somebody” Bought Stocks on Thursday Because “Somebody” is Terrified
“Somebody” moved in to support stocks last week on Thursday.
The 50-DMA has become the “line in the sand” on the S&P 500. Anytime the market has come close to breaching this level in the last few months, “someone” has stepped in and propped the market up.
It’s pretty clear who the “someone” is. Given that the Fed is openly citing the stock market as an indication that QE is working… and given that every other metric shows QE is a total failure…
With that in mind, last Thursday’s action and the follow through Friday should be seen as a clear intervention.
This will end very very badly.
· Margin debt levels (meaning debt that investors take on to buy stocks) are at record highs.
· Hedge fund stock ownership is at levels last seen before the 2008 Crash.
· We’ve had multiple Hindenberg Omens (signs of a potential Crash).
All of the signs are in place: the market has become a complete bubble. When you compare the market to its fundamentals, it’s arguably an even worse than the bubble that brought about the 2008 collapse.
Take a look at the divergence between stocks and Copper. Stocks could fall over 20% before they’d realign.
For insights on how to prepare your portfolio for this, visit us at:
http://gainspainscapital.com/protect-your-portfolio/
Best Regards
Graham Summers
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For years now has shown that logically the market should crash and correct imballances. It continues to go up. The power of the central planners passeth all understanding as they do gods work. The economy is being hollowed out more each year.
FU NSA cumgobblers with no gf
no that n korean tranny you are dating is NOT a woman u dork
Anyone that knows technicals can see where the market has been saved time after time after time. It's way past being obvious.
If you realize that entire purpose of QE was to further enrich the rich, then it's easy to see what a success it's been. When has a corporation ever wanted to see low unemployment? That would likely never. Since the owners of corporations, the gov't, and the Fed are one in the same, why would anybody expect anything different?
One would think corporations would want low unemployment. If unemployment is high who will by the widgets?
The Fed.
This is a first. "Something" prevents me from up arrowing your comment. Has the fukin' Skynet awakened?
It's probably because the first line is italicized. For some reason this can prevent greening.
Bonds (30y) keep sinking ... on the low of the day
the entire Western Worlds Govt Bonds would be drowned as of 3 years ago if it weren't for the monopolists of money, central bwankers, buying them all
the British Bond market (cough) alone is propped up to the tune of 90% of Bonds being bought by that dribbling clueless cretin, Mervyn King, at the BoE
so much for living in a capitalist society eh...did Communism ever get this bad/centrally faked ?!!
So, what's the problem..
I am grateful for visible trends..
Buy @ the 50dma, sell at the stall (maybe)..
Take profits, and invest wisely..
Quit the whining..
Be safe/well..
And don't forget the old saying..
Don't put all your eggs in one basket..
There's not a technical indicator of any kind that works right now.
Everything is up regardless.
The divergences from anything to do with reality are unfucking believeable.
50MA - who gives a fuck - go long - ride this fake bull hard.
You need to trust the system if you intend to make a profit going long.
If your intent is cashing out in dollars, you need to trust the dollar will be worth something when you cash out.
If your intent is cashing out in real money, you need to trust the dollar's redeemability when you cash out.
Me, I trust neither. I bet with the fundamentals, and stick to my bet. This helps me sleep well at night.
Most technical indicators still work ... just in the opposite direction
I can't find a single time when a major index hit a top then went staight into a sharp correction. A 50% rebound is of no concern for the bears. When this turns south again and doesn't form a "V" bottom that's when you'll know the fan is about to get dirty and smelly. Another drop followed by a flat bottom would be a good time to consider short dated OTM puts.
Make that a major US index in case someone wants to mention recent price actions in Japan LOL
"MERRINNN!!!"
The Chair Satan props it up. It floats above the bed like Regan while the priests shake Holy water at it and chant,
the power of Christ compels you-
the power of Christ compels you-
the power of Christ compels you-
hahaha thats pretty fuckin funny man! +1
Exchange Stabilization Fund - Gold Reserve Act = 1934
Absolute control of everything (and the Fed has that in spades), means nothing can be left to chance, OR actual fundamentals. Therefore, the only thing that stops a corrupt casino is a cop - which the Fed has eliminated, along with any other oversight. Which means, this could go on forever.
We are all growing old waiting for this thing to collapse as it should - As long as rule and law are dismissed with prejudice, we can and will see 20 more years of this garbage.
They can play all they want, until the music stops. And the music stops when they run out of gold.
One of these days we're going to have a lot of fun. I hope you have your chair already!
Heh, the buyer and the seller are now the same person!
Meanwhile, Asian governments buy up gold on the cheap thanks to the morons in the US gubment.
Gee, I thought every trade had both a buyer and a seller.
Conjecture is fun!
Gravity sucks.
what goes up must come down
luckily Bernanke is a chubby and his arse should cushion the blow
I don't think so. As far as equities are concerned they have as much money as they can print to fund its rise; just look at Zimbabwe's SM during hyper inflation. Of course when peeps start pulling it out and spending it into the local economy, that could create a slight problem.