Don't they always? They're worse than a broken record.Cortopassi wrote:If it makes anyone feel better, the coin shop dealer (a Trump supporter) was shocked at what happened, he expected what was happening during election night to persist, stocks dumping and gold rising. But he says this is all relatively temporary, nothing is magically fixed with Trump and expects gold to continue back up in the next few months.
It's Done!, not to confuse with I'm Done!
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MachineGhost
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Re: It's Done!, not to confuse with I'm Done!
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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buddtholomew
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Re: It's Done!, not to confuse with I'm Done!
Here's my take on the decline.
The equity decline (800 points) took place overnight and only those in futures were able to take advantage of purchasing lower.
The correction has happened and gold/bonds are being sold off again.
How long will it continue is anyone's guess.
Just adding to declining assets to DCA cash in.
MG?
The equity decline (800 points) took place overnight and only those in futures were able to take advantage of purchasing lower.
The correction has happened and gold/bonds are being sold off again.
How long will it continue is anyone's guess.
Just adding to declining assets to DCA cash in.
MG?
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MachineGhost
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- Joined: Sat Nov 12, 2011 9:31 am
Re: It's Done!, not to confuse with I'm Done!
buddtholomew wrote:MG?
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: It's Done!, not to confuse with I'm Done!
Good God MG, what algo is that! The $WTIC crude oil prediction is breathtaking! Scary as hell for me in the oil industry... up past $60 then down back to $30? It look provocative, but how was it made? The gold one is what I am hoping for... revisit the $1050 area one more time.
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MachineGhost
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Re: It's Done!, not to confuse with I'm Done!
It's just a composite of different time cycle lengths. It's not completely science, so don't take it 100% seriously, but use it as a rough guide.ochotona wrote:Good God MG, what algo is that! The $WTIC crude oil prediction is breathtaking! Scary as hell for me in the oil industry... up past $60 then down back to $30? It look provocative, but how was it made? The gold one is what I am hoping for... revisit the $1050 area one more time.
I think the charts are suggesting a recession starting in January. Perhaps some new tumoil in the Middle East causes it? Maybe Russia invades a NATO member to test Trump's resolve? Or Iran launches a nuke they've been secretly building under the bullshit treaty?
Or, it could be another tight money situation after the Fed rate hike. That's more likely.
It could also be the spreading contagion from energy and subprime auto to junk and investment debt. When Fed raises rates, it crimps subprime auto lending net interest margin because it is very expensive to service even though they charge 20%+. Lending is already collapsing 29-38% yoy. Kind of interesting that P2P lenders recently decided to go in on auto lending (though it isn't subprime AFAIK)... that's always a sure sign of a top when you are late to the game. If you look at Hertz's collapse recently it is because there's an oversupply of used cars and prices are dropping rapidly. It's like all the excess real estate supply coming onto market after the subprime bubble. But I am unclear why subprime auto borrowers are having trouble paying their sharks.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: It's Done!, not to confuse with I'm Done!
If the price scenarios were to unfold as shown, momentum traders will be out of the SP500 for most of 2017, and the PP would continue to suffer due to gold and bonds. Sobering. Of course, Fourier Analysis or whatever made these charts can't forecast the future really...