On February 16 in $AAPL Check I had issued a technical warning on $AAPL as it was trading at around $325. The technical warning came with a recognition that the stock was very […]
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Gold is due for a pullback, but what if it doesn’t? What should we expect?
Our ruling elites, devoid of leadership, are little more than the scum of self-interested, greedy grifters who rose to the top of America’s foul-smelling stew of corruption.The Founding Fathers were wary of institutional threats to liberty and the citi…
I said last night it didn’t seem like a buy the dip moment.
Wrong.
Fed QE $7.000B CouponPurchase 2020-06-01 NYFed treasury securities operations
Shares buybacks can have a severely destabilizing impact on longer term companies’ valuations, as noted in numerous posts on this blog. In the COVID19 pandemic, legacy shares buybacks are associated with reduced cash reserves cushions and thiner equity…
The Fed is no longer pumping enough money into dealer accounts to sustain bull markets in both stocks and bonds, and it has tried to steer investors out of stocks and into Treasuries. It doesn’t matter. Rising markets create their own liquidity until they don’t. It’s called margin. Technical analysis shows us the effects of that, tells us what the trend is, and indicates when it might be reversing.
It’s easy these days to question securities market sanity. Yet it’s a fundamental tenet of Credit Bubble analysis that things turn crazy at the end of cycles. In the waning days of history’s most spectacular financial Bubble, should we be too surprised by Complete and Utter Craziness?
Ok, here are the latest comparatives for the U.S. of A and EU27 in terms of COVID19 statistics.