- The Fed is constantly messing with the currency with via monetary policy and rate changes - J.P. Morgan manipulates gold prices - Morgan Stanley manipulates LIBOR - Quantitative Easing conjures money from thin air and pumps it into the markets - Bailouts, buybacks, and other bull5#17 - Repo market swamped as banks seek fast money to buy new US Treasury issues - T manipulating the markets to the best of his ability. - I've heard that the government and banks own 60-80% of all outstanding shares in the U.S. markets. Where is truth in all this? With all this tinkering, manipulation, and propping, a rational decision becomes a gamble! The markets are swamped with interest, it's hard to get a true line on anything. I almost want to go back to the gold standard.
What's the point of trying to figure out the markets? Who cares about the exact numbers. Nasdaq futures 8500? Dow plus 1,000, minus 1,000. What does that even mean? All bullshit, nothing ... just ride the wave
Truth, as always, in financial markets is relative. The market is always moving in its' search for "true" valuation. There is always instability at every point. Your search for cause and effect will melt your brain, so don't take market movements personally.
There's this politician's Twitter I follow and do the complete opposite of that. He's a well known liar, so it's easy
The only truth in the stockmarket today is how much your stock was worth today. Monday morning it could be worth more or less than today. Again, that would be your truth whether you accept it or not.
It's like trying to build on shifting sand... I develop a reasonable thesis based on market conditions, and then 100B is randomly dumped into the market. It can be frustrating.
%% I got this week, an email ad for gold,KMS; I'm not long or short gold, then or now. But it was a good ad, for the gold longs/. '' Gold is virus proof.'' I've made more in stock related ETFs, than gold; but cute ad. [1]I think KC made some profits on SQQQ ; i think that + i track that one, its more liquid than SDOW. [2]Most likely its about 49%, more or less. Forbes magazine noted about 51% of USA own stocks, ETFs, mutual funds, pension plans, Roth accounts. So FED rate cuts make perfect sense.[2b] It's not a benchmark or very liquid, i track SDOW more than DOW. [4] Truth?? QQQ is still above 200 day moving average;DAL is below 200dma [5] I study trends, +all kind of trends. NO body/nobody or anyone is bigger than markets. [6+7] I study trends /charts about 80-95% more than any news nonsense, or even true newscasts/radio. [8] David Bach[ Has worked @Morgan Stanley] ,said the media will try to shake you out ........................................................ Back to my charts+ truth
%% Good points ; + end of the week price helps me more. DOW theory is right on something else; no one or group is bigger than the markets. Trend study helps a lot; a lot of years /trend study. I did think that was a bit strange FED head ,noting travel industry?? But as a bank regulator; i know he has seen data i have not................................................................