If These Charts Don't Concern You, You're Not Paying Attention
Some very worrisome charts for investors to consider.
Stocks just took out their neckline.
Unprofitable Wall Street darling, Tesla (TSLA), which requires mountains of new debt at low interest rates to survive, has taken out its trendline.
Europe’s “canary in the coalmine” just kicked it. Spanish bank Santander (SAN) is sitting atop a mountain of garbage debt from a housing bubble that DWARFED the US's. The country might even break into multiple fragments!
The Nikkei (NIKK) has taken out its trendline. Next up is critical support:
And finally, the worst of them all:
If the above charts don’t scare you, you’re not paying attention.
Smart investors are preparing now.
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In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.
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Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
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Hey phoenix, we're so past "neck lines", these days.
by the way...got any of those copies(1000 free) left?...send one to P. Krugman
You forgot this one: https://research.stlouisfed.org/fred2/series/M2V
which goes along with the adjusted monetary base (last one above).
Well that's what you would expect when it ends up in grandma's pile of T'bills and US Gov bonds.. When it get s bad they will cap the non-taxable on her return. Now If I where her layer I would demand that payment be made able with such instruments directly to the government.. end of big government.
Those trendlines look hastily drawn, like there were 5 minutes to cobble together a newsletter. Just saying.
Don't worry USDJPY to the rescue.
Be Afraid...Be Very Afraid. LMAO. The Smart ones are short...that's all you need to know.....and as soon as they monkey hammer it down and fleece the muppets...we'll see it all back to the moon.
The Smart one's have already BAILED, what are you waiting far?