"The big question is at what point (price) will we hear the dreadful word "October Massacre", if at all, causing minute panic. "
here is the new term : OCTOBER WITCH
Is The Long-Anticipated Crash Now Upon Us?
This is no surprise to those who know and have followed me over the years. But I'm publicly proclaiming my 'bearishness' because doing so might open up a needed and long overdue dialog.
Here's my fundamental position: Infinite growth on a finite planet is impossible.
Cutting to the chase, this is why I predict a major crash/collapse across stocks, bonds and real estate is on the way.
The recent market weakness seen over the past two weeks is nothing compared to what's in store. As we’ve been carefully chronicling, bubbles burst from ‘the outside in’, starting at the weaker places at the periphery before progressing to the center.
Emerging market equities are now down -26% from their January highs and -18% year-to-date. China's stocks market is down -32%, even with substantial intervention by the government to prop things up.
The periphery has been weakening all year, and the contagion has now spead worldwide.
Taken as a whole, global equities have shed some $13 trillion of market capitalization for a -15% decline:
he recommends start selling call spreads around the 370 area.
will follow such signs. October is still young.
haifa ac 08:01:35 GMT - 10/05/2018
The worst decline for very profitable longs is a slow one (prompting: " no momentum on the way down-btfd) and then a very sharp steep decline (perhaps one day limit down as a result of some event)
however two numbers seem important at the moment --7391 last month low which was an inside month so less significant and 7205- the low of August which will more than likely bring the 6500 target to the scene. On any parameter this bull is totally out of whack.
Melania is turning out to be a smart doll in her trip in Africa.
haifa ac 04:34:43 GMT - 10/05/2018
The big question is at what point (price) will we hear the dreadful word "October Massacre", if at all, causing minute panic.
Livingston nh 19:01:24 GMT - 10/04/2018
SPX bounced off 40 dma (been above since early July) -- Nyse new 52 wk/lo was 273 yesterday and is over 400 today// market internals have been diverging from price for past two weeks
Q3 Earnings start and GOOD news comes early -- mid term worries and higher yields likely to rsist any bounce back in stox
haifa ac 18:56:13 GMT - 10/04/2018
A drop to 6500 ( monthly 21 MA) which is another 1000 points from here would be a natural reaction and will hurt a few blind longs.
london red 18:14:27 GMT - 10/04/2018
mkt isnt allowed to fall enough to make it significant...reversion to mean is the best one can ask for...btfd
haifa ac 17:55:27 GMT - 10/04/2018
may be the beginning of a serious correction
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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