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aussiebear

World Stock Markets Trading Discussion - Unflappable usurpation

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Quite a bit of green around for the early openers: Kiwis -0.1%, Aussies +0.5%, Japan +0.9% and Sth Korea +1.3%.

Miners and Healthcare, both +1.3% are the leading Aussie sectors with Consumer Discretionary down the most, -0.3%.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

Buyers were lurking in the Aussie market today with All Ords finishing +0.6%.  Sectors ranged from Healthcare +1.7% down to Consumer Staples -0.2%.

Over in Asia, China -0.2%, Hong Kong +1%, Japan +1.2%, India currently +0.8%.

UK/Europe up for starters: FTSE +0.1%, DAX and CAC +0.4%.

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

  

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  

http://bigcharts.mar...com/default.asp

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QUANTITATIVE WHATEVER

So Quantitative Easing has created some rather unfortunate things:

1/ Non existent real wage growth in the USA (all those empty malls and retailers going broke)

2/ Added significantly to Pension fund deficits (no bond income for you, low dividends on stocks).

3/ Added significantly to Budget deficits  

4/ Lots more consumer debt.

5/ Lots more corporate debt as leverage is used to pump up stock prices through buy backs.

6/ Over valued stocks, bonds and over lending to capital deficit countries.

 

So now we have QT

Which should reverse these effects

What QT does is take value from the PONZI economy  

(The leverage/asset value growth economy)

And gives it back to the real economy of real goods and services.

Is it inflationary - well YES and NO

It deflates the PONZI economy but inflates the real economy at the same time.

And as CPI measures the real economy you could call it inflationary.

But not significantly

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QT causes money markets to tighten and interest rates to rise. Rising rates send an inflationary signal to consumers and businesses and they act accordingly.  

 

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Still in a bullish pattern on the intraday charts. If it clears 2907, 3 day cycle projection would be 2918-20. 

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5 day cycle projection 2925. 

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I'd put the 3 day cycle projection at 2912 now. 

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With 3% TNX back in play can a couple of day sharp selloff in stocks be far off?

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this must be near a top. the "mansion" section of the wall struck

journal has never been thicker.

of course i don't read the crap, all covered with rich bastards wearing $300

plaid shirts.

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Kind of surprised at the pullback, but it hasn't broken support. 2895 is the line in the sand. 

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Sitting on the uptrend line from Sept 11. 

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