DrStool Posted September 14, 2022 Report Share Posted September 14, 2022 I'm headed out into the streets of Paris and am running late! I will leave the erudite analyses to you! Meanwhile, the big picture: Swing Trade Screens – Trailing Stops Did Their Job To Preserve Profits September 12, 2022 I Heard It Through the Grapevine September 11, 2022 Special Bulletin – T-Bill Paydown September 8, 2022 Gold Won’t Hold September 7, 2022 Withholding Tax Collections Collapsed in August But BLS Data Won’t Show It September 2, 2022 Warnings of August Liquidity Crash Come to Fruition – Here’s What to Do August 28, 2022 Gold Miners Swing Picks August 26, 2022 Has Rule Number One Been Repealed? August 18, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 2022 Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
Jimbo Posted September 14, 2022 Report Share Posted September 14, 2022 SOMETHING GOOD The bond "vigilanties" (or should that be cuddly bond puppies) are sort of waking up from their sleeping beauty sleep. Which is so long overdue..... Because I am tired....so very tired....... of seeing good public companies...the ones that should be in portfolios....taken private by Private Equity carpet baggers...... using cheap/free leverage provided by the FED. Two take privates have collapsed this week in Australia.,..because the debt has gotten more expensive....so the PE can't offer the usual 30% premium over market price to get the deal done. All the good companies were being knocked off the exchange one by one..... The ASX was being hollowed out.... The good companies that paid real dividends were leaving and being replaced by garbage wealth transfer vehicles......with no dividends and insane valuations..... Hopefully this is all over..... Link to comment Share on other sites More sharing options...
Jorma Posted September 14, 2022 Report Share Posted September 14, 2022 2 hours ago, Jimbo said: SOMETHING GOOD The bond "vigilanties" (or should that be cuddly bond puppies) are sort of waking up from their sleeping beauty sleep. Which is so long overdue..... Because I am tired....so very tired....... of seeing good public companies...the ones that should be in portfolios....taken private by Private Equity carpet baggers...... using cheap/free leverage provided by the FED. Two take privates have collapsed this week in Australia.,..because the debt has gotten more expensive....so the PE can't offer the usual 30% premium over market price to get the deal done. All the good companies were being knocked off the exchange one by one..... The ASX was being hollowed out.... The good companies that paid real dividends were leaving and being replaced by garbage wealth transfer vehicles......with no dividends and insane valuations..... Hopefully this is all over..... I have no clue if it is true but over the last few years one often saw an assertion that 10% of corporations were existing on credit alone. I certainly don't doubt it. My failing mind recalled a seemingly antiquated term, Prime Rate, so I checked it's history. Here is a list. Not that such companies are Prime. http://www.fedprimerate.com/wall_street_journal_prime_rate_history.htm Link to comment Share on other sites More sharing options...
fxfox Posted September 14, 2022 Report Share Posted September 14, 2022 2 hours ago, Jimbo said: SOMETHING GOOD The bond "vigilanties" (or should that be cuddly bond puppies) are sort of waking up from their sleeping beauty sleep. Which is so long overdue..... Because I am tired....so very tired....... of seeing good public companies...the ones that should be in portfolios....taken private by Private Equity carpet baggers...... using cheap/free leverage provided by the FED. Two take privates have collapsed this week in Australia.,..because the debt has gotten more expensive....so the PE can't offer the usual 30% premium over market price to get the deal done. All the good companies were being knocked off the exchange one by one..... The ASX was being hollowed out.... The good companies that paid real dividends were leaving and being replaced by garbage wealth transfer vehicles......with no dividends and insane valuations..... Hopefully this is all over..... The LBO boom began with ever falling rates in the 80s, saw one of its early peaks with the RJR Nabsico "deal". All those KKR guys were at Bear Stearns before, which was probably one of the most ruthless assholic banks at the Street. Good that they went bk. Best thing ablut those guys: First they steal it from the public and then they become "philanthropists". That's like driving with your golden Cadillac thru town, with your 5k suit on and giving a few dimes here and there to a few poor guys. "Here you have a dime you goddam poor bastard!". Link to comment Share on other sites More sharing options...
fxfox Posted September 14, 2022 Report Share Posted September 14, 2022 Speaking about Australia: 93% of all mortagages in 2020 were "variable rate"-ones? Oh oh... World's Hottest Housing Markets Are Down All Over as Interest Rates Hike - Bloomberg Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 Bet you can't guess where I am. Link to comment Share on other sites More sharing options...
itiswhatitis Posted September 14, 2022 Report Share Posted September 14, 2022 34 minutes ago, DrStool said: Bet you can't guess where I am. Las Vegas? Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 8 minutes ago, itiswhatitis said: Las Vegas? See! I told you! Link to comment Share on other sites More sharing options...
fxfox Posted September 14, 2022 Report Share Posted September 14, 2022 Feels like early September 2008... Remember: Crashes occur from Dover Sole conditions. Link to comment Share on other sites More sharing options...
BurntOnce Posted September 14, 2022 Report Share Posted September 14, 2022 health insurance premiums are rising 24% for screw jersey state employees. taxpayers pick up 70%. Link to comment Share on other sites More sharing options...
BreakOut Posted September 14, 2022 Report Share Posted September 14, 2022 Nice photo composition. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 Ran into resistance right where it should have. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 Cool how old trendlines defined the action since the end of the selloff yesterday. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 If they take out 3905, next stop would be a 5 day cycle projection of 3880. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 But, alas, they hold. Link to comment Share on other sites More sharing options...
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