fascinating article regarding the coming Meltdown of the China economy, as China implodes from with due to 30 to 40 trillion in debt. God my friends is going way, way higher as every economy in the world starts to tank and central bankers can do is print play money and watch gold head for $2000 an ounce,
jrcumins - good posts but you are wrong on one major account. The majority of investors thought the Oil Freeze Deal would be approved. Thus the reason for oil to jump from $27 a barrel to $43 a barrel. Today was a "shock" to world markets and the reaction you see in overseas markets is Lobster Red. No need to be cautious here since oil will test low $30's this week. Now come next week I don't know if we push back into high $20's or not but oil certainly is not flying upwards over the next several weeks/month. So for the next 2 - 4 weeks you go long DWTI and enjoy the ride up since its undersold and on everyone's buy list now.
as we get closer to news that Russia is going to call off (bogus) oil production freeze deal because "No One Wants to Come". Hard to keep oil up day after day on false rumors, false pretenses and most of all "Fake Agreements". See you all at Sub $2 on Monday as word beaks over weekend - The Freeze Deal is HISTORY.
So things don't bode well for U.S. market tomorrow as the Bull wakes up in the morning, looks out his window and sees signs pointing to nearest Glue Factory. Dow down 150 to 200 points tomorrow and that's a conservative estimate.
and you know all it takes is a little "SPARK" some where (like Panama) to start a rip roaring Market Sell Off.
The list of people tied to offshore activities includes about 140 politicians from more than 50 countries, including 72 current or former heads of state, with links to Panama law firm Mossack Fonesca. And more "big names are coming".
U.S.-listed shares of Chinese e-commerce firm JD fell about 7 percent Monday after the company reported weaker-than-expected quarterly revenues and grew at its slowest pace ever, weighed by a slowdown in China's economy. But at least JD CEO is honest when Jack over at Alibaba is extremely dishonest, plays with numbers and is very cozy with corrupt Chinese government. Thus the reason Baba is $78 a share when it really should be $40 a share.
Yea green like the spitting liquid in the Exorcist. Market ignores coming Fed rate hike at its own Pearl as more and more investors cash out knowing bad things are coming this month, this summer, this year. Spy for all intents and purposes is now sitting pretty for a 30% haircut - if not more.
and the you realize its going to be a rip snorting market sell off tomorrow - but hey don't worry. Black Monday is still a few days off.
You can't run for President (or shall I say run and win) when the Federal Agency you just worked for says "You Broke Every Rule in the Book". When we wake up tomorrow future will be RED knowing that its now Trump against Sanders with Hillary on the sidelines trying to stay out of jail. World markets will Freak Out know Donald is now very close to taking over the White House, unless a 74 year old socialist can stop him.
And if you don't believe me just TURN ON THE NEWS.
Pick your poison but world market will realize this a a "joke" of a deal that is now running into trouble since Saudi Arabia says Iran must participate. And even if something gets passed it will not be enforced so its a "scam" that will push oil down - not up.
A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to a new request by OPEC's de facto leader Saudi Arabia, sources told Reuters.
No short position. Just stating facts that storage capacity is building here in U.S. and overseas. And we all know there are no oil production cuts on the board this year, while there is a very good change oil production increases in the Middle East. Invest at you own risk but the short term chart is down on broken production freeze agreement and the fact that Saudi is ramping up oil imports.
since Saudi Arabia wants to hurt Iran more then anything in the world. And you could throw in Russia also. Everyone in Opec smiles, shakes hands and then stabs in other in the back as they all know deep in their bones (Oil market share is the most important thing in the world). Oil down today, this week, next week as inventory builds and bogus freeze games end badly.
WSJ - Oil prices are retreating and a month-long rally is faltering as traders return their focus to a heavy oversupply in storage and the likelihood that oil will retest $25 to $28 a barrel range. Best to sell your long position in Uwti - or run the risk of losing everything.
Its going to work this year since (1) Fed Rate Hike either in May/June, (2) market bloated and if we see a touch of Volatility everyone heads for the exit at the same time, (3) and lastly Hillary and Trump scare the hell out of the market. Pick your poison.
Timber - oil producers responding to rising prices with increased production will find the same low demand for the black stuff. There is no great global economic lift-off on the horizon. Inventories of oil would increase again, pushing prices down.
will not make the "Bull" very unhappy but will certainly put a smile on the "Bear's" face. Question now is does the Dow drop 100 or 200 points tomorrow? I'll go down 150 at market close.
so North Korea can take out California with Nuclear Weapons. Gee aren't the Chinese and Russians wonderful people. And remember Trump thinks Putin is a "strong leader" as he looks in the midgets blue eyes.
Washington Post - North Korea has made advances in its intercontinental ballistic-missile program, and experts generally conclude that the United States’ West Coast could be in reach but that there has been no suggestion that the North would be able to hit the East Coast.
Ahmet Davutoglu Turkey's Prime Minister blames a Syrian national who was a member of another Kurdish group for today's bombing that might of killed over one hundred people. Sure looks like Syria has now crossed the "red line" as full out war between Syria/Russia and Turkey could start at any moment.