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Big Change in the MARKETS today

Discussion in 'Topical Discussions (In Depth)' started by Spectrism, Nov 9, 2017.



  1. Spectrism

    Spectrism Seeker Seeker

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    I have been watching the markets casually for a while. Today, there was an opening drop in both stocks and bonds. Then, there was the normal bounce back- whether by speculators covering short positions and/or the PPT jumping on the precipitous drop and flashing it right back up. But something else happened. After the bounce, the stock markets suddenly began to drop again. Bonds lagged for a while- but also went further down.

    The reality is that things are a mess. Earnings are garbage. Corruption is completely infused in most things. The news story is that the Senate has announced that the Trump tax plan will not be in place until 2019. That could dampen corporate hopes. But is this why we see stocks drop now? What happens in the next few hours/days will tell.

    Here is my guess. The PPT could just buy everything up as usual with funny money. National banks around the world now openly admit to buying $billions in the stock market. They could stop any drop in seconds. This is why the VIX has been so low with no worries in the marketplace. But maybe there is a political motivation creeping in.

    Trump has been bragging about the market as if his plans are doing good things. What plans? Not much has been incorporated yet with all the saboteurs in Repub and Democ parties blocking every move they can. If there is no bounce back, I would suspect that someone is trying to embarrass Trump. We shall see.
     
    Last edited: Nov 9, 2017
  2. Joe King

    Joe King Gold Member Gold Chaser

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    It's called giving someone enough rope to hang themselves with. Trump has to be seen as "owning" the economy prior to any plugs being pulled.
     
  3. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    yep Spectrism,

    every dip is bought prior to any real damage being incurred. Then to mention, that it prevents people from waiting for better prices, or sitting out and acting as a prudent investor. They have everyone trained to buy now or miss the train.

    as you allude to, earnings are a mirage. Higher earnings sure, but they are borrowing money to buy back their own stocks to accomplish it. So is that really earnings power or is it nothing but financial shenanigans?
     
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  4. Spectrism

    Spectrism Seeker Seeker

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    Well, it looks like the dip is almost filled in. But it is not a broad market gain. It seems they are just filling major ETFs to make the indices look good. The normalcy bias for the herd with their retirement funds invested in this market is overwhelming. I am thinking it will take a world war, major calamity or some financial debacle to shake this loose.
     
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  5. Spectrism

    Spectrism Seeker Seeker

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    Friday did not bounce up as much as has become customary over the last 9 years. We are still looking at a strange, and slightly changing market. Something is forcing a new status quo. Maybe the Saudi and Iran actions are part of this. We are about to see oil prices go further up and an increasingly complex enemy / ally arrangement in the middle east. China is making moves on Saudi oil deals and African mining operations.

    We only see clues on the surface and the bog moves are happening unseen by most of us. Trying to discern those is an attempt to not be a victim of the consequences of those unseen actions.

    Greg Hunter interviews Greg Mannarino over this.....
     
    Last edited: Nov 12, 2017
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