Last night Hal Turner posted the following story. I am Back in the New York City area. I had to have a sort of Luca Brasi moment with a couple Banker/Financial types. Monday night, I will tell YOU the “What’s What” about Economic collapse, the Stock / Bond Markets, and World War 3 On the strength of that I decided to listen to his show for tonight. Being somewhat on edge I persevered while it took almost an hour for…
Dow Suffers Longest Losing Streak In 99 Years, Bonds & Bullion Bid US Macro Surprise data slumped for the 5th straight week, back into negative territory at its weakest weekly close since Nov 2021… Source: Bloomberg China ‘stimulus’ (cutting only 5Y prime rates) overnight offered some hope against the relentless tightening of financial conditions by The Fed and that buoyed stocks ahead of the open (and OpEx). But that all ended after the cash open (OpEx) and what had been a relatively…
Carnage Everywhere As Market “Begins To Break” There is no other way to describe today’s market carnage than a market in turmoil where things are rapidly breaking as the sudden disappearance of Russia’s “toxic” commodity collateral is suddenly sparking contagion and widespread liquidations. With S&P futures a one way elevator lower after a modest rip higher on Ukraine ceasefire optimism early in the session, sending spoos more than 120 points down from session highs and closing down 2.9%, below 4,200, its…
There will be much more on this except for the fact that the bulk of the media is hiding this – I could see no reflection of this in British or NZ media. US Dow Plunges 943 Points as COVID-19 Cases Spike, Countries Issue Lockdowns Sputnik, 29 October, 2020 US stocks plummeted Wednesday as investor fears over spiking COVID-19 cases across the nation and abroad reignited concerns of a stunted economic recovery, prompting massive sell-offs amid the pandemic. At closing, the…
