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Trendlines, For Want of a Better Word, are Good - May 39, 2020


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  • DrStool changed the title to Trendlines, For Want of a Better Word, are Good - May 39, 2020
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An observation on REPO operations.

Friday, June 5th - 106.25 B

Monday - June 8th      53.2 B at 08:15 AM plus 67.050 B at 08:45 AM

At least 2-4 X greater than daily REPO activity since 5/22.

I think they want to go into the FOMC meeting on Wed on a high note, wouldn't surprise me to see a top develop into the meeting.

 

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Feels more like 1999 than 2000.

This thing will not end before we make a new ATH and even then suck in new Robinhooders who gonna chase stocks because of „the new normal“. An epic blow off top, could even lead us to 5000.

I see no reason why Sven Henrich‘s Market Cap to GDP ratio chart should not exceed the year 2000 reading by far. Could even go to 200%. The amount of liquidity is just crazy,. We are in the time window now where the rally feeds itself. 

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