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Diamondhands45

08/14/24 9:45 AM

#12260 RE: Jetmek_03052 #12259

Added the support line at 114’s
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Bountiful_Harvest

08/14/24 11:00 AM

#12264 RE: Jetmek_03052 #12259

Actually, there's a whole lot, but this stands out the most: 

Aug 5th was "the sign" and a prelude of what's to come. Japan was "the spark" to the global credit event. The risk is CREDIT. The MAIN EVENT is the CREDIT EVENT. 

A little research reveals where we are in the grand scheme of things...This week anything could happen, but I think we're getting close.

Timing? - Perfect Storm scenario lining up: The current risk off mood lasts until end of month/into Sept when it collides with 3 other market developments: a tax deadline that sees corporates withdraw liquid assets from the banking system, year-end hedging demands, and US Bank reserves approaching a point of scarcity, as the Fed's quantitative tightening run its course. By itself each of these events are somewhat manageable. If they occur simultaneously, what do you think will happen? The end of this month going into next month could get a little dicey.  Economist, Anna Wong discusses more in detail how Fear, Carry and Tax Could Trigger Credit Crunch.

The CEO's Form 4s continue to pile up. That's also not a good sign. Though his plan may be to buy back shares when the market bottoms, which I think would be wise.

Oh, and if there's War, then you know what happens to the markets. Let's hope it doesn't get that bad. Everyone should be following that subject right now.