How many politicians in China were bribed and involved in Evergreen scandal. A lot. So what happens with Evergreen. Same thing that always happens because the oligarchy is in bed with any Central Bank whether it’s China or US. Bailout of the billionaires until the Central Banks are authorized to do a full market crash just not now very busy printing more money
Santa Claus rally coming also as corporations make there bonus based on stock share price end of year.
Keep on buying the dip low risk indicator saying at 85.7.
Mannarino Market Risk Indicator
85.7
Low 50-100 Moderate 100-200 High 200-300 Extreme 300+
(DXY = 96.27) * (TNX = 1.434) / 1.61 Updates every 15 minutes during market hours. Last update: 12/06/21 17:14 EST
Central Banks are the true unofficial rulers of the World. Whether that’s China, Europe or the US all the same. They are more Powerful then any ruling entities put in power by the supposedly free elections.
Evergrande crash was never going to happen. Central Banks run by the Oligarchy meant to eliminate the middle classes will print more money and bailout the Billionaires. Central Banks just not going to bail out hard working middle class citizens. If you understand that principle trading will much become easier especially on this trade. The China Government just put on a facade for the media that they weren’t going to bail out anymore big corporations You think the Federal Reserve here won’t spend another $29 trillion bailing out the Banks again like they did in 2008.
So when another 2008 style type crash comes again which it will one day look out primarily for the 10 year yield to explode upwards not downwards. Downwards means the Nasdaq flies up and the Fed loads up and stockpiles more piles of manure stinking debt.
For now buy the dip at play as has been since last Wednesday
Mannarino Market Risk Indicator
85.9
Low 50-100 Moderate 100-200 High 200-300 Extreme 300+
(DXY = 96.42) * (TNX = 1.434) / 1.61 Updates every 15 minutes during market hours. Last update: 12/07/21 08:29 EST
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