8 replies to this topic

[Rogerdodger]

10,000 didn't seem that long ago...

.

So much for "Go Away In May!"

Edited by Rogerdodger, 16 May 2024 - 10:58 AM.

[Douglas]

"Go away in May unless Powell prints one trillion every 100 day" is the new Wallstreet chant.  With the Treasury/Fed amalgamation printing 1 trillion in new funny money deficit spending every 100 days most of which ending up ultimately in the hands of the well heeled stock investor class, flat is the new down. 

 

Also, I hate to rain on the parade but take a look at the DJIA priced in "real" money below, it's gone nowhere since late 2020.  Nothing like seeing the DOW denominated in that barbaric relic to turn that smile upside down.

 

 

Regards -glass half full,

Douglas

Edited by Douglas, 16 May 2024 - 01:06 PM.

[Rogerdodger]

[12SPX]

hahhaha guess it'll have to go back into the closet for a bit lol

[Rogerdodger]

• The People’s Bank of China over the weekend released new loan data for April that pointed to a sharp slump in demand, with several metrics at their lowest in at least two decades.
• On Friday, China plans to issue its first ultra-long bond — 30 years in term — as Beijing kicks off a previously announced program for a total of 1 trillion yuan ($138.25 billion) in funds for major strategic projects.

[GDA]

Deutsche Bank have come to their senses:

 

https://www.reuters....t 5,100 points.

[steadyquest]

Traders couldn't care less about real money - they trade in funny money.

Appears they might finally be warming up to the idea of higher-for-longer gold pricing.

 

[steadyquest]

[steadyquest]

"Wall Street Now Sees Ethereum Hitting $14,000 In 2025"

https://www.zerohedg...-2025-heres-why

 

It's not rocket science.