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Right-wing monetarists at IG are tearing their hair out ... 'oh no!  inflation is sure to follow!  We're doomed!'

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WAH!!! Printing money!!! WAH!!!  Zombie companies!!! Far better to lay off tens of millions of people and let all businesses go bankrupt and have no money available to lend!!!!  WAAAHH!!! - The Vulgar Monetarists

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Dow and Dax weekly chart. Next week US non farm payrolls data job losses already priced in. US Trump hoping to relieve lock down conditions after Easter but most commentators say prob too early. New German research says corona infected unable to pass on the virus post 8 days symptom free. Italy regrets advising people to 'hug a Chinese' in a anti racism promotion early on in corono epidemic. UK clocks spring forward this Sunday. Stay safe. 

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Indices took a nasty big dump in the final hours of trading, wonder if we will see a gap down on Monday? 🤔

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It looks like we will indeed get a gap lower on Monday morning.  But that gap is a target to be filled up 🤠

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re: in the post below .... quote "as I said at the time price is at the mercy of new news and it was hard to see any more new bad news because everything had already been shut down." .....

On the contrary, in my opinion, the worst is yet to come. The UK and particularly the US were late with lockdowns and they are not tight same as italy and china. Indeed half of the US is not even locked down at all. And already 100,000 cases (known cases = probably more like 2 million actual), and doubling every 2 - 5 days... the bad news will not be about lock downs but will be about a surging unbelievable number of deaths and infections since the containment in the us has failed. Because of the lateness and the ineffectivenss the spread could be catastrophic in size and in duration. 

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On 25/03/2020 at 07:27, dmedin said:

Big bull candles overnight, I'm long indices today.  Hope they've thoroughly cleaned the bull's **** :D

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Hey look, while you were tickling one end all the action was happening at the other!!

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A fine day for the indices today, Peregrin Took 🐮🤠

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Dow's moving up this week 

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But it's got a long way to go before we see the highs we were earlier this year. 

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Was 22nd March the turning point for the bear?

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Still climbing but a lot of little spinning tops and dojis Eileen 🧐

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1 minute ago, dmedin said:

Still climbing but a lot of little spinning tops and dojis Eileen 🧐

good, a more normal overnight market.

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Let's see where it finds support 🤔🧐

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Bouncy-bouncy, Peregrin Took 🤠

 

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The next hour (o, fateful hour!) will show us where it goes from here 😻

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16 hours ago, CharlotteIG said:

Was 22nd March the turning point for the bear?

What do you think?

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20 minutes ago, dmedin said:

The next hour (o, fateful hour!) will show us where it goes from here 😻

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maybe that was the test of support, if so then next should be a test to find resistance

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Come on bonnie loon, keep it up 😻

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