aussiebear Posted August 20, 2019 Report Share Posted August 20, 2019 Marginally green for the early openers: Kiwis, Aussies and Japan all +0.3%, Sth Korea flat. Aussie sectors have Energy out in front, +1.3%, Healthcare +1.2% with Gold at the other end, -2.3%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted August 20, 2019 Author Report Share Posted August 20, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted August 20, 2019 Author Report Share Posted August 20, 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 August 20, 2019 Author Report Share Posted August 20, 2019 http://www.engrish.com/2018/04/because-lumps/ Found in Fukuoka, Japan train station. Link to comment Share on other sites More sharing options...
aussiebear Posted August 20, 2019 Author Report Share Posted August 20, 2019 All Ords 5-day chart http://bigcharts.mar...com/default.asp Buyers on board today leaving All Ords with a gain of +1.2%. Energy +2.4% and Consumer Staples +2.2% were the main gainers with Gold down the most, -1.3%. Over in Asia, China -0.1%, Hong Kong -0.2%, Japan +0.6%, India currently -0.2%. UK/Europe going sideways: FTSE +0.6%, DAX +0.1%, CAC +0.3%. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted August 20, 2019 Author Report Share Posted August 20, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
DrStool Posted August 20, 2019 Report Share Posted August 20, 2019 This pattern on the hourly bars is starting to look scary. If it breaks through 2944, cover all shorts. If it falls through 2904, short everything. Link to comment Share on other sites More sharing options...
Jorma Posted August 20, 2019 Report Share Posted August 20, 2019 The world has gone from total rejection or ignorance of Lee's analysis of how QE and it's resultant liquidity in the financial markets causes stocks, credit instruments and many asset prices to rise, to a total acceptance. While there is a mechanistic causal correlation it's good to remember there is a larger monetary foundation to why the system works that way. The correlation between QE and rising asset prices works only in relation to the larger monetary system. I don't know if we are a day or 5 decades away from monetary dislocation. Link to comment Share on other sites More sharing options...
Jorma Posted August 20, 2019 Report Share Posted August 20, 2019 26 minutes ago, DrStool said: This pattern on the hourly bars is starting to look scary. If it breaks through 2944, cover all shorts. If it falls through 2904, short everything. I'm hoping for 3100 in late September. Steve Henrich's wedge and trend line. Link to comment Share on other sites More sharing options...
DrStool Posted August 20, 2019 Report Share Posted August 20, 2019 Been talking about "Sven's" megaphone pattern since May 5 with an expanded discussion on May 28. http://wallstreetexaminer.com/2019/05/stock-market-long-term-chart-outlook/ Since then we've seen warning after warning, but no breakdown. The PPT has been hard at work. Link to comment Share on other sites More sharing options...
DrStool Posted August 20, 2019 Report Share Posted August 20, 2019 LEE'S FREE THINKING Watch Out Bears! Fed POMO Is Back! Link to comment Share on other sites More sharing options...
Jorma Posted August 20, 2019 Report Share Posted August 20, 2019 16 minutes ago, DrStool said: LEE'S FREE THINKING Watch Out Bears! Fed POMO Is Back! Was it mostly T bills? It seem sort of stupid for them to buy coupons with the yield curve inverted. Could you give us a history lesson Dr. Stool. Did the Fed ever buy coupons, except in perhaps occasional nominal amounts, prior to March 09? QE is in the end just an Open Market Operation. Different because it was coupons. Buying T Bills will not be called QE. I suppose we should consider the possibility of massive Bill purchases. Which has the bonus effect of being an instant same day boost to the markets. Have to start watching the NY Fed announcements everyday like the old days. Well I didn't. Link to comment Share on other sites More sharing options...
DrStool Posted August 20, 2019 Report Share Posted August 20, 2019 $3 billion in bills. Proportioned according to current balance sheet levels. This is not QE. It's to stabilize the balance sheet by buying Treasuries to replace paid down MBS. No difference if bonds or bills. Cash to the dealers. Cash is cash. Link to comment Share on other sites More sharing options...
Jorma Posted August 20, 2019 Report Share Posted August 20, 2019 I'm still trying to get a history lesson and never seem to find the answer. Did the Fed ever buy significant amounts of coupons from 1913 to 2009? Link to comment Share on other sites More sharing options...
DrStool Posted August 20, 2019 Report Share Posted August 20, 2019 Significant? Like QE sized? No. Typically they expanded the balance sheet a few percent each year with POMO. WW2 was the exception. The Fed monetized the war debt, and redeemed it after. Link to comment Share on other sites More sharing options...
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