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World Stock Markets Trading Discussion - Vacillating viability

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All Ords 5-day chart

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

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

 

All Ords gained +0.6% and all sectors closed with varying shades of green.  REITS +1.6% was on top followed by Gold +1.5% and Healthcare +1.3%.

Over in Asia, China -0.7%, Hong Kong +1%, Japan -0.7%, India currently +0.3%.

A strong open for UK/Europe: FTSE +0.5%, DAX +0.8%, CAC +1%.

 

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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Well, so far so good on my Monday SPY call purchase call.  S&P THREE THOUSAND!  😄

It sucks to be bullish, even short term.  Feels like I'm supporting the Regime. 

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WHY MUDDY WATERS SHORT ON MANU LIFE WILL FAIL

Much as I admire Carson Block I think shorting Manulife is the wrong call.

Why?????

Regulatory Risk

The Government and courts of Canada will neve let Manulife go chapter 11.

Too much damage

Whilst the short looks good in isolation.

A short must never be considered in isolation.

The "FRAME" in which the short exists must also be carefully examined for the impact of external events on the short!!!!!!!!!!!!!

The "frame" for the manulife short is bad.....very bad.

If Carson would read his "Reminiscences of a Stock Operator" pages 189-192, and I hope he has, then he will obvouisly recall that Jessie Livermore lost out on his long coffee speculation during the world war one due  to the US Government mandating that all coffee futures be closed out.

This is a similar situation.

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1 hour ago, DrStool said:

Well, so far so good on my Monday SPY call purchase call.  S&P THREE THOUSAND!  😄

It sucks to be bullish, even short term.  Feels like I'm supporting the Regime. 

When you said 3,000, I didn't necessarily think you meant "this morning", but at this rate . . . 😮

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2 hours ago, DrStool said:

Well, so far so good on my Monday SPY call purchase call.  S&P THREE THOUSAND!  😄

It sucks to be bullish, even short term.  Feels like I'm supporting the Regime. 

Luke.......come to the dark side!!!!!!! It is your destiny!!!!

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I'm going for a walk 

 

DOWN BY THE RIVER! 

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It's beautiful that the White House leaked they considered demoting Powell on this the first day of the Fed meeting.  This affords them the chance to even more openly and obviously humiliate themselves with whatever easing step they take this time.  No amount of groveling is too much for these people. 

There was obviously no need for Trump to start yelling about Powell now but for the sheer joy of watching him and the Fed humiliate themselves even more. 

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