Hi readers
6.45am singapore time Thursday
How good is that , markets rockets up 3-4% and now we are on our way back up!
So your ment to believe!
What's the other crap analysts love to say "the correction we had to have" .
Ain't going to last long so enjoy it while it lasts.
As many of you have commented it appear that the astrology might be some 12 hours early depending your time zone.
Anyway that up to you how you use the astrology.
China cut rates and the market is still falling ! How can that be you might ask.
It's simple China is not the second biggest economy as in capital per person.
Yes as in growth of population capital they are and could be number one but nothing like in the west.
It's not like in Australia or the U.S. where people are obligated to put money into plans for retirement.
People look after people, family members who have provide for the elderly.
So cutting rates will simulate those external factors but don't be of the opinion that they will fire up the economy.
People will start buying white goods and luxury items.
This isn't the case.
But the most interesting development is calls being made to the U.S. on how to tackle this fall.
Wouldn't you know it, Merrill Lynch gives the advice do nothing, let it be ..
Well that was obviously what we have been saying all along.
Now whether the government does that time will tell.
But should they do so we could be out of this mess by Xmas...
That doesn't mean the economy will recover, that just means that the market will stabilise, should they allow all stocks to trade not just the 40% the government has picked.
In trading I picked up shorts both AAPL & NFLX at $108.01 so will be looking for another run down by Monday next week.
Looking to pick up shorts on the S&P and NAS after globex opens.
As for the ASX200 will be interesting to see how that opens up and if it holds.
Anything over 5250-70 could be enticing to short.
To the gold believers see what we are talking about?
Gold is dead whether you can accept it or not they are the facts.
To any of the mining companies who are producing gold HEDGE HEDGE HEDGE.
Don't keep an open book and get slaughtered by the market.
6.45am singapore time Thursday
How good is that , markets rockets up 3-4% and now we are on our way back up!
So your ment to believe!
What's the other crap analysts love to say "the correction we had to have" .
Ain't going to last long so enjoy it while it lasts.
As many of you have commented it appear that the astrology might be some 12 hours early depending your time zone.
Anyway that up to you how you use the astrology.
China cut rates and the market is still falling ! How can that be you might ask.
It's simple China is not the second biggest economy as in capital per person.
Yes as in growth of population capital they are and could be number one but nothing like in the west.
It's not like in Australia or the U.S. where people are obligated to put money into plans for retirement.
People look after people, family members who have provide for the elderly.
So cutting rates will simulate those external factors but don't be of the opinion that they will fire up the economy.
People will start buying white goods and luxury items.
This isn't the case.
But the most interesting development is calls being made to the U.S. on how to tackle this fall.
Wouldn't you know it, Merrill Lynch gives the advice do nothing, let it be ..
Well that was obviously what we have been saying all along.
Now whether the government does that time will tell.
But should they do so we could be out of this mess by Xmas...
That doesn't mean the economy will recover, that just means that the market will stabilise, should they allow all stocks to trade not just the 40% the government has picked.
In trading I picked up shorts both AAPL & NFLX at $108.01 so will be looking for another run down by Monday next week.
Looking to pick up shorts on the S&P and NAS after globex opens.
As for the ASX200 will be interesting to see how that opens up and if it holds.
Anything over 5250-70 could be enticing to short.
To the gold believers see what we are talking about?
Gold is dead whether you can accept it or not they are the facts.
To any of the mining companies who are producing gold HEDGE HEDGE HEDGE.
Don't keep an open book and get slaughtered by the market.
