To the moon: No more bears!
Tech has gone into a melt up! The word on the block is that there are no more bears.
Well, loads of people are long in the market. Would you go long now?
When I look back to March 2020, the dip south seems soooo insignificant. We know that markets correct but we don't know when major corrections are going to happen.
What's driving the market? Some say it's about looking beyond the pandemic. I think that's just neat terminology to cover greed.
We're now into an era where GDP doesn't matter. PE ratios don't matter. Political and economic data don't matter - most of them pumped up anyway. Delta and epsilon to come in the pandemic - doesn't matter.
Crises in demand and supply don't matter.
China doesn't matter after all the hullaballoo about the China Deal - few people remember much about it.
US Dollar crash - that's great news for the markets. No really - markets love weak currencies.
Inflation - what's that? The FED said it's transitory - but nobody except the FED knows what that means.
Housing market totally overheated with minor cooling in the last two weeks.
Transportation index in trouble. Not a problem.
Global warming - fires in 20 countries. Fires in Siberia producing more CO2 than all the other fires combined.
Melting of Greenland: the total aerial extent of surface melting (total melt-day extent) for 2021 through August 16 is 21.3 million square kilometers (8.2 million square miles), tied for the fourteenth highest total to date, and well above the 1981 to 2010 average of 18.6 million square kilometers (7.2 million square miles). Who cares - climate problems are well out of sight - unless the Gulf Stream shuts down 'unpredictably'.
Debt - who cares? There is loads of almost free money around from Uncle Sam - which really comes from the FED passing tons of money.
Live fast - get rich fast is the name of the game!
Money out of thin air? Yep - more of that to come. Trillions of it. Money for nothing and ..... for free! LOL.
So the bears must be dead! If you think differently have your say.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Well, loads of people are long in the market. Would you go long now?
When I look back to March 2020, the dip south seems soooo insignificant. We know that markets correct but we don't know when major corrections are going to happen.
What's driving the market? Some say it's about looking beyond the pandemic. I think that's just neat terminology to cover greed.
We're now into an era where GDP doesn't matter. PE ratios don't matter. Political and economic data don't matter - most of them pumped up anyway. Delta and epsilon to come in the pandemic - doesn't matter.
Crises in demand and supply don't matter.
China doesn't matter after all the hullaballoo about the China Deal - few people remember much about it.
US Dollar crash - that's great news for the markets. No really - markets love weak currencies.
Inflation - what's that? The FED said it's transitory - but nobody except the FED knows what that means.
Housing market totally overheated with minor cooling in the last two weeks.
Transportation index in trouble. Not a problem.
Global warming - fires in 20 countries. Fires in Siberia producing more CO2 than all the other fires combined.
Melting of Greenland: the total aerial extent of surface melting (total melt-day extent) for 2021 through August 16 is 21.3 million square kilometers (8.2 million square miles), tied for the fourteenth highest total to date, and well above the 1981 to 2010 average of 18.6 million square kilometers (7.2 million square miles). Who cares - climate problems are well out of sight - unless the Gulf Stream shuts down 'unpredictably'.
Debt - who cares? There is loads of almost free money around from Uncle Sam - which really comes from the FED passing tons of money.
Live fast - get rich fast is the name of the game!
Money out of thin air? Yep - more of that to come. Trillions of it. Money for nothing and ..... for free! LOL.
So the bears must be dead! If you think differently have your say.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
A percentage of the above will have defaulted on debts of various kinds.
Supply-demand chains for food and other essentials are projected to cause greater problems for the penniless and in debt.
Perhaps the FED has a plan to feed and house everybody.