aussiebear Posted February 11, 2019 Report Share Posted February 11, 2019 Early openers mixed: Kiwis +0.5%, Aussies -0.3%, Japan closed, Sth Korea -0.2%. In Aussie sectors, Gold is back in the lead, +1.1% with Financials down the most, -1.6%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted February 11, 2019 Author Report Share Posted February 11, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted February 11, 2019 Author Report Share Posted February 11, 2019 http://money.cnn.com...s/morning_call/ 24 hr Gold http://www.kitco.com http://www.kitconet....ase_metals.html http://www.kitconet.com/indexes.html Link to comment Share on other sites More sharing options...
aussiebear Posted February 11, 2019 Author Report Share Posted February 11, 2019 http://www.engrish.com/2017/01/same-old-sht/ Found in Sukhothai, Thailand. Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 They're fucking with our heads here. Link to comment Share on other sites More sharing options...
aussiebear Posted February 11, 2019 Author Report Share Posted February 11, 2019 All Ords 5-day chart http://bigcharts.mar...com/default.asp All Ords lolloped along sideways to finish -0.1%. Miners +1.8% moved into the lead followed by Gold +1.6%. Financials/Healthcare were down the most, -1.1%. Over in Asia, China +1.4%, Hong Kong +0.7%, India currently -0.5%. Major launch on open for UK/Europe: FTSE +1%, DAX +0.9%, CAC +1.1%. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted February 11, 2019 Author Report Share Posted February 11, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 3 day cycle projection 2717 done. Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 2 day ditto Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 But bears need a hard pullback here. A sideways churn would lead to a big upmove later. Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 They're playing whackamole with us. Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 https://suremoneyinvestor.com/2019/02/may-the-greatest-stock-market-indicator-in-history-rest-in-peace-for-now/ Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2019 Report Share Posted February 11, 2019 Out for the evening. Keep em down! Link to comment Share on other sites More sharing options...
Jorma Posted February 11, 2019 Report Share Posted February 11, 2019 For a long time I've remembered, well actually misremembered that 3/9/09 was the start of QE. That was however just the date of the low of the S&P. I went looking for the history of the day and there was not a peep about QE. It turns out QE in an official history sort of way had two start dates. Per Wiki, "On November 25, 2008, the Federal Reserve announced that it would purchase up to $600 billion in agency mortgage-backed securities (MBS) and agency debt. However, these purchases were to have no impact on the balance sheet, and would have been sterilized by Treasury sales by the SOMA desk. On December 1, Chairman Bernanke provided further details in a speech. On December 16 the program was formally approved by the FOMC, however their approval was not required as the SOMA desk was already authorized to acquire Agency debt and MBS as part of their OMOs. On March 18, 2009, the FOMC announced that the program would be expanded by an additional $750 billion in purchases of agency MBS and agency debt and $300 billion in purchases of Treasury securities. These purchases would be unsterilized and this date more appropriately marks the beginning of QE in the US. Can't argue with that. 3/18 was the real start date. Lee do you have any recollection if word of the long dated Treasury paper purchases was leaked somehow on 3/9. My specific memory of that day, or was it the day before, was watching C sit at $1.01 and thinking it's pretty dumb not to buy a slug or at least a few just because. I didn't. Is that day and period still in the archives? The first plan was clueless. It must be the Fed has no clue. Before then they had let the balance sheet shrink anyway with various plans to buy specific securities from specific players who were not Primary Dealers. Making the October plan especially clueless is I don't think the SOMA had $600bn in it to sterilize all the planned agency purchases. https://en.m.wikipedia.org/wiki/History_of_Federal_Open_Market_Committee_actions Link to comment Share on other sites More sharing options...
sandy beach Posted February 11, 2019 Report Share Posted February 11, 2019 31 minutes ago, Jorma said: For a long time I've remembered, well actually misremembered that 3/9/09 was the start of QE. That was however just the date of the low of the S&P. I went looking for the history of the day and there was not a peep about QE. It turns out QE in an official history sort of way had two start dates. Per Wiki, "On November 25, 2008, the Federal Reserve announced that it would purchase up to $600 billion in agency mortgage-backed securities (MBS) and agency debt. However, these purchases were to have no impact on the balance sheet, and would have been sterilized by Treasury sales by the SOMA desk. On December 1, Chairman Bernanke provided further details in a speech. On December 16 the program was formally approved by the FOMC, however their approval was not required as the SOMA desk was already authorized to acquire Agency debt and MBS as part of their OMOs. On March 18, 2009, the FOMC announced that the program would be expanded by an additional $750 billion in purchases of agency MBS and agency debt and $300 billion in purchases of Treasury securities. These purchases would be unsterilized and this date more appropriately marks the beginning of QE in the US. Can't argue with that. 3/18 was the real start date. Lee do you have any recollection if word of the long dated Treasury paper purchases was leaked somehow on 3/9. My specific memory of that day, or was it the day before, was watching C sit at $1.01 and thinking it's pretty dumb not to buy a slug or at least a few just because. I didn't. Is that day and period still in the archives? The first plan was clueless. It must be the Fed has no clue. Before then they had let the balance sheet shrink anyway with various plans to buy specific securities from specific players who were not Primary Dealers. Making the October plan especially clueless is I don't think the SOMA had $600bn in it to sterilize all the planned agency purchases. https://en.m.wikipedia.org/wiki/History_of_Federal_Open_Market_Committee_actions Those were astute observations. I remember thinking - why is this taking so long to unravel??? It took two bubbles for me to realize just how long the "present bias" lasts. Scary stuff. I'm thinking Doug Noland during this period must have just been beside himself. Link to comment Share on other sites More sharing options...
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