Near the end of the rally, the really big numbers start coming out as the bulls start feeling invincible. I'm seeing a lot of them in the past few days. An example where I'm looking for an approximate repeat. Same user days before the February top and today.
B****ard
Posted 05 February 2020 - 03:55 PM
Liquidity continues to flow into the system, and it is very possible an extended rally towards 3700 SPX before any real correction
Simply I can't short this market right now
This rally should last till the end of March or early April
B****ard
Posted Today, 11:22 AM
SPX is going into new highs.
I think there will be an attempt to hit 3500/3530 on SPX
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
...on August 14, 1937, the Dow Jones Industrials reached another secondary peak near the March 1937 recovery high, before crashing one more time in late 1937 and on into early 1938.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Chain-weighted indexes have provided a more accurate picture of the current economic recovery than fixed-weighted indexes.
Chain-Weighted CPI: An alternative measurement for the Consumer Price Index (CPI) that considers product substitutions
made by consumers and other changes in their spending habits.
Willful blindness of risk.
Last edited by aeden on Tue Aug 11, 2020 11:27 am, edited 2 times in total.
An S&P 500 high for the year during the worse economic times in at least 80 years. Powell must be so proud of his bubble blowing abilities.
I think Powell forgot a few historical points when he blew this bubble. I would recommend to him that he work on getting his disguise as a woman ready for when he needs to leave the country. Also, he should work on his gambling skills ahead of time so he doesn't end up impoverished.
Although traditionally considered a bubble, the Mississippi Bubble wasn’t actually a bubble, in a precise technical sense. A bubble is primarily caused by widespread mania and speculation, followed by a brutal collapse in asset values. In contrast, the Mississippi Bubble was the result of failed monetary policies that caused excessive money supply growth and inflation.
I've always found these 2 themes of the Mississippi Bubble interesting:
In 1705, Law published an academic paper in which he argued against the use of precious-metal backed currency in favor of “paper” or fiat currency, claiming that the use of fiat currency would stimulate commerce.
Soon after (the bubble burst), John Law escaped France, disguised as a woman for his own safety, and spent the rest of his life as an impoverished gambler in various parts of Europe.
What has Powell repeatedly told us? That the use of fiat currency would help to meet the Fed's mandate of full employment.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
PM's are getting hammered. Are they done? Assuming it's going to be soon regardless, what's a reasonable range for them to retrace to?
How to ensure rent collection when the governor says they don't have to pay? Any thoughts before a new tenant moves in? Besides checking their employment and judging it relatively safe all things considered.
