Jump to content

Election fun

Recommended Posts

Only 10 weeks to go and it's election time in the good ol' US of A.....This exciting time has certainly excited the markets with another bull run into sky blue beyond. Which naturally pleases the Donut. What with Covid now invisible and a distancing memory and the economy simply booming we can all sleep easy knowing what a good job has been done by the powers that be and there is absolutely nothing to be concerned about regarding investments and the economy. Phew! 

What about unemployment? I hear the cynics ask. Hmmm. Has Covid really gone away? Is there really a working cure? Since the president's office has taken over managing the Covid numbers, it's obvious the immediate effect was to drive the virus away. Surely drive the numbers down? There goes the cynic again....Naturally, hospitality has resumed its optimal level, as has retail. Plus, we are all flying and cruising again, not to mention watching live sport at venues and meeting face to face at the office... Really? Will someone attend to the cynic, he is seriously affecting my narrative. Naturally, there is no social unrest either as the current incumbents are so unbiased and fair-minded as to be near saint like and worthy of cult status. So it's all alright then? 100%. 

The markets never lie do they? Fair representation of the economic reality we all see on the ground. So what if they are pricing that beaten up old Citroen as a new Bentley, one day it will be a classic and surely be worth every penny. Old style measurements are so passe, who needs P/E anymore? No, blue sky thinking is required. Out of the box , blue sky thinking. Out of your box, surely? Will someone please silence the cynical voice of reason, this is not the time of reason. 

Dow back to pre covid levels, Nasdaq and S&P broken new records. Markets must be right. Everything is the same as it was before this mini crisis. Look at the numbers. They never lie. (Unlike the Donut). Enough of that Mr Cynic, you are such a Cassandra.....

They can even go higher, afterall value is limitless,isn't it? The fed is promising indefinite ultra loose monetary policy, so why not? Out cynic that, Mr Cynic!

Bye bye dollar then.

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 07/02/23 17:19
  • Posts

    • Look Ahead to 08/02/23: Oil inventories; TTEF, DIS, UBER and BDEV earnings Oil, tech, and the consumer are set to dominate the markets on Wednesday, with earnings from TotalEnergies (TTEF), EIA data, and results from Walt Disney (DIS) and Uber Technologies (UBER). Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Tuesday 07 February             
    • 07 February 2023 Spot Gold The price of gold has extended its pullback from overbought territory over the last week and has found some near-term support at the 50-day simple moving average (50MA) (green line). Our preference remains to look for long entry on a bullish price reversal. A bullish reversal might be considered if we can see price closing above the 1875 level, provided that the 50MA is not broken with a price close below. Should the 50MA level be broken and the price reversal not confirm, 1820 becomes the next downside support target from the move. In this scenario we not looking to short gold but would rather be looking for a bullish price reversal closer to this level for long entry once again. Should either of these scenarios manifest we will update our guidance accordingly with resistance targets and stop loss considerations. Source: IG charts       Brent Crude Oil The bearish reversal off the 8770-level guided in our previous note has yielded a significant decline, although fallen short of the 7760-support target. The price now looks to be rebounding from oversold territory. Traders who have been short might consider this an indication to exit their trades. The longer-term trend bias is still considered down and should a bearish price pattern emerge before this level, new short entries might be considered. In this scenario a close above the 8770 level might be used as a stop loss consideration, while targeting a move back towards the support low at 7760 once again. Only on a move / close above the 8770 level would the longer-term trend bias be reassessed, and long trades reconsidered Source: IG charts         Our weekly technical report is compiled by in-house senior market analyst, Shaun Murison.
    • Hi, the basic package has a 15 minute delay.
  • Create New...