The DJI was dented significantly over night by three main events:
1. Trouble in Iran.
2. China - withdrawing some companies from the LSE
3. North Korea - powering up to cause America a headache.
There was panic selling in the middle of the night which started with the news on Iran.
Important trend lines up to 2 hourly were penetrated.
Could this be the...
What has Bitcoin and Lockheed Martin got in common? I show how both have been resistant in recent weeks to corrections in the S&P500, and one possible contributing factor. Why is any of this important? Well - war is a serious systematic risk to all traders and investors. (See disclaimer below).
Am I saying there is going to be a war? I am NOT! Am I predicting...
Financial news is something I avoid in general. However, the major events in the news like talk about war is one that I pay attention to. Wars generally sends markets south for a few weeks to months.
The markets have been very nervous of late as there has been the beating of war drums, to launch an attack on Syria. I'm not interested in whether there will be a...