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I am quite excited about the DAX short for an easy 30 points by tomorrow latest
Plan your trade, trade your plan!
Yeehaa, ES made a new high (mega WCB) and yet DAX did not and is still in profit.
Plan your trade, trade your plan!
Aaah man…what a bunch of mustards…
So close to 1797 ms just 40 something hours ago and now up at highs again around 1845. Rotten mustards. I am hoping now this high holds and we double top, but with a Ktb that is a hard thing to assume… If it did though then breaking 1810 down would target 1775.
I’ll stop dreaming as these crooks only know up….
It did just drop one point though so you never know…. Lol if this closes negative I will find an old Woolies! :p
I just saw that the interest on US debt for 2013 was $2.87 trillion. Crash and burn you crooks!
lol Dan, no way jose. That is just so crooked.
I get the felling now this could just go down. If it wants to it will need to break 1839 SU level first and then intraday cit which is at the gap fill 1833.
TREND CHANGE will only occur below 1630 for now
Plan your trade, trade your plan!
Faber points out that despite QE the US ten year bond is still 2.8% (2.9 today) after bottoming at 1.43% in 2011. It was 2.5% inOct/Nov last year and has moved to 2.9%. If it can break highs then that may cause some stock turmoil imo.
He says if it goes to 3.5% it will push mortgages to 5 -6% and cause pain to alot of Americans.
Of course it will as alot of those mortgages were taken at v low interest rates and even a tiny rise of 0.5% will have a huge impact causing mortgage bills to rocket.
Have a look at the ten year chart Kman. What do you think?
given we are waiting to see if this mustard breaks higher or reverses, lets think long term.
If the sh*t hits the fan big time as I think most of us here think it will (just a case of when) what level can spoos get to on the downside?
Those bond rates I mentioned could go to silly levels, dollar would be in crisis and lose alot of value. Average Americans are going to be in dire straits. If they are struggling to pay now, what happen if rates double, quadruple or more? I think ten year has been at 20% in our lifetimes so why not again? Folks will liquidate any stocks they have. If they can’t afford to pay for their houses/rent they certainly won’t be buying shares!! So where will spoos be?
In 1929-32 the dow lost 89% top to bottom. That puts dow at 1700 and spoos at 200. Can you stay short for that?! :p Could it really go that low?? Seems nuts but it has happened before.
I wonder if trading will exist as we know it at the end of the decline. You may need to buy a Tractor Kman…..
http://www.cnbc.com/id/101331595
Goldman Sachs trying to get weak hands to flog gold…. crooks…
Beige book just out. It means nothing and the reaction is nothing.
Figures nowadays mean nothing.
1845 is resistance now.
Below that it can fall.
Crookshour can surprise today to the downside.
Plan your trade, trade your plan!
and GOOGLE $1150
I like their idea of streetview into shops and businesses but even if that goes well, how much are they worth? Their pe ratio is 30 ish which although higher than most is not outlandish.
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