DrStool Posted September 26, 2022 Author Report Share Posted September 26, 2022 It won't be the bears who break support. It will be the leveraged longs. Link to comment Share on other sites More sharing options...
Jimi Posted September 26, 2022 Report Share Posted September 26, 2022 14 minutes ago, sandy beach said: IMHO the problem is over two decades of QE, excessively low rates, etc. from the Fed has created fragility in the economic system so that they can no longer use their mandated tools for monetary policy without breaking things. Personally given a chose I'd rather that they break things than see inflation run away. But that's just me. "Two decades...." I just looked up when I registered here at Doc's board... and it was "two decades" ago. That was about the time that it all stopped making sense to me... not that it ever really did before anyway. There seemed others here who thought it was all nuts... The casual recourse to short-term policy "fixes" that seemed certain later to impose uncertain but larger cost. Pennies jammed endlessly in fuse boxes. Perhaps Powell understands there is no more road down which to kick the can? Link to comment Share on other sites More sharing options...
Jimi Posted September 26, 2022 Report Share Posted September 26, 2022 Which is why I can absolutely can comprehend the chart that TCG posts that refer back to "The Greenspan Ramp" as our ultimate destination. Because those were the earliest fuse-pennies that purchased sham prosperity. Link to comment Share on other sites More sharing options...
sandy beach Posted September 26, 2022 Report Share Posted September 26, 2022 17 minutes ago, Jimi said: Which is why I can absolutely can comprehend the chart that TCG posts that refer back to "The Greenspan Ramp" as our ultimate destination. Because those were the earliest fuse-pennies that purchased sham prosperity. Long-Term Capital Management Link to comment Share on other sites More sharing options...
sandy beach Posted September 26, 2022 Report Share Posted September 26, 2022 Bears fumble - team Bulls take the ball. Link to comment Share on other sites More sharing options...
potatohead Posted September 26, 2022 Report Share Posted September 26, 2022 48 minutes ago, Jimi said: "Two decades...." I just looked up when I registered here at Doc's board... and it was "two decades" ago. That was about the time that it all stopped making sense to me... not that it ever really did before anyway. There seemed others here who thought it was all nuts... The casual recourse to short-term policy "fixes" that seemed certain later to impose uncertain but larger cost. Pennies jammed endlessly in fuse boxes. Perhaps Powell understands there is no more road down which to kick the can? Some have waited longer. I am sure there were social message groups (via taverns) 200 years ago thinking the British pound was going to devalue. GBP to USD to move from 5 to 1 - Historical run of the GBP Early 1800s: 5 Napoleonic Wars: 3.62 US Civil War: 10 WW1: 3.66 WW2: 3.25 1949 devaluation: 2.8 BoP crisis: 2.4 Vietnam War: 2.65 Oil crisis: 1.58 Plaza Accord: 1.05 ERM: 2 GFC: 1.35 Brexit: 1.2 Today: 1.03 Link to comment Share on other sites More sharing options...
Jimi Posted September 26, 2022 Report Share Posted September 26, 2022 47 minutes ago, sandy beach said: Long-Term Capital Management "Short-Term Capital Mismanagement" was what the Fed reliably provided. Link to comment Share on other sites More sharing options...
fxfox Posted September 26, 2022 Report Share Posted September 26, 2022 Junk Bonds again new 2022 low… Link to comment Share on other sites More sharing options...
DrStool Posted September 26, 2022 Author Report Share Posted September 26, 2022 19 minutes ago, fxfox said: Junk Bonds again new 2022 low… And the Dow. Link to comment Share on other sites More sharing options...
sandy beach Posted September 26, 2022 Report Share Posted September 26, 2022 Cleveland Fed President Mester says Energy may go up - rent shelter costs will keep inflation high. They certainly are keeping a consistent message - higher for longer. Link to comment Share on other sites More sharing options...
DrStool Posted September 26, 2022 Author Report Share Posted September 26, 2022 New closing low on the Ess and Pee. Link to comment Share on other sites More sharing options...
sandy beach Posted September 27, 2022 Report Share Posted September 27, 2022 FED'S COLLINS: THE LABOUR MARKET IN THE UNITED STATES IS EXTREMELY HOT. FED'S MESTER: MORE RATE HIKES WILL BE REQUIRED, AS WILL A MORE RESTRICTIVE STANCE FOR SOME TIME. LAGARDE: CAN'T SAY WHERE NEUTRAL IS BUT DETERMINED TO GET THERE LAGARDE: EVENTS HAVE SURPASSED SEVERAL OF THE ECB PROJECTIONS' EXPECTATIONS. Link to comment Share on other sites More sharing options...
Jimi Posted September 27, 2022 Report Share Posted September 27, 2022 1 hour ago, sandy beach said: LAGARDE: CAN'T SAY WHERE NEUTRAL IS BUT DETERMINED TO GET THERE I love this with all my heart & soul. Link to comment Share on other sites More sharing options...
fxfox Posted September 27, 2022 Report Share Posted September 27, 2022 Buttcoin ramp thru 20k. Will it stick and will Stocks follow? We will see. That we have pos divs in the hourly charts of all kinds of stuff is crystal clear. Link to comment Share on other sites More sharing options...
Jimbo Posted September 27, 2022 Report Share Posted September 27, 2022 INTRODUCING A NEW INDEX As you may be aware...I am a bit of a pioneer in the area of Financial Psycological Indexes (FPI's for short} I invented the False Narative Credibilty Index Which measures the credibility level of false narratives. I invented the Kult Index Which measures the level of cultiness of stocks and crapto Now I introduce a new Index....drum roill please......... The SCREAMDEX The screamdex measures the amount of public pressure being placed on the Fed to pivot. Where should the S and P be...... Try the level on 16 September 2019 before all the printing... Before the $500 Billion repo blast.... Around 3000. Link to comment Share on other sites More sharing options...
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