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World Stock Markets Trading Discussion - Docile doodling


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

 

 

All Ords finished the day with a gain of +0.7%.  Gold +2.6% and Healthcare +1.6% were top of the list with Telecomms -0.9% and Energy -0.3%.

Over in Asia, China -0.2%, Hong Kong +0.1%, Japan -0.1%, India currently -0.1%.

 

 

On to UK/Europe:

 

 

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

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

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So, I have left David Stockman's Contra Corner. I thanked David for the fantastic privilege of building and running the site for him for several years, and for continuing to contribute as an anal cyst/writer after his move to Agora Financial.  I also thanked the folks at Agora for inviting me to stay on in that capacity. 

 

It has been a great experience. 

 

I have joined another publisher, who will be publishing a new newsletter based exclusively on my work. We'll have an announcement within the next few weeks. 

 

I intend to keep the Stool open and ready for when a den of bears returns for the next bear market. The Wall Street Examiner will also continue in more or less its present form. 

 

It's always fun one more of the old gang shows up. Hopefully, it won't be too long now. 

 

Thanks as always, and especially to  Aussiebear for giving us this day our daily thread!

 

Meanwhile, I'll keep you posted. 

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Lee, I keep hearing many well known money managers talking about the October crash, yet they are all looking for a final summer rally. Normally the market tries to fool most of the people most of the time. Not saying we need to crash. However, wondering if you see the potential where the trap is being set with the market grinding higher and thus creating a false sense of security. Many chart technicians are not seeing any danger right now either. It seems we are living in a world where chart readers and algos are great about being reactive. However, if everyone tries to do the same thing at the same time,  would this create a break down of many ETFs as well as, financial instruments based on the idea of selling volatility. Oddly, the sell off would not necessarily be a liquidity event initially but rather from the beginning of a simple unwinding of strategy from selling volatility.

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No. I don't see an October crash.  I'll post the podcast of this this PM. 

 

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