I guess Iran may start selling oil on the free market. Except now there are new sanctions. When they do, that might be the reason for oil to tank and the market tanks with oil. Haven't been following it so closely, though.
It isn't important that Jesse Livermore killed himself, but it is interesting knowledge. The point is he was right. Wall Street pushes stocks to the moon as they just have and as during the Internet Bubble. Then they short, buy puts, etc.. and sell sell sell and push it down into the dirt. Just look at a long term chart. You can hold and lose your money or a lot more of your money, or you can sell, short, whatever and wait for $93.3 or whatever it goes to eventually. The longest term chart you can pull up seems to make $150 look obvious for some support. The fact is $19T in debt and all the other issues, like the "giant sucking sound" and a $500 billion deficit is a big factor. It took a long time coming, but notice the rounding off of the curve to the right. It looks like a hill and we are on the downside. Just an observation. And Wall Street does exactly what I said. They have control. They have computers selling to computers without adding any net position and the same on the sell side. I consider it criminal, but who cares as long as there is money to be made swing trading. Daytrading is a losers game in my opinion. You need the technical analysis to trade from and the fundamentals as well. JMHO
They push stock to the moon, sell them on the way up, and cause a crash so they can buy them cheap cheap cheap. No support below. Look at the absolute longest chart on yahoo finance, no support until $150 for spy.
Nice drop. See the longest term chart of SPY on yahoo finance. Meant to say that before within my first post.
$150, maybe $148 then a bounce, just a hunch.
Possible inverted head and shoulders would mean it falls to $70 or so. The $550 billion dollar (or trillion dollar) deficits and the $450 interest and $400 welfare, and trillion dollar medical expense, and a trillion dollar pension expense, .....
Vote for Trump. Enough of the special interest, lobbying, business as usual. They had their chance, and what did they do; build a $19 T debt, putting the country on the verge of extinction.
The sellers and shorters (Big money ones) want it to fall, since they have gone short or sold shares and want it to fall a lot more for a lot more profit and the chance to buy in a lot lower. And PEs are unreal when the fake economy becomes more obvious: $18T in debt, etc.. My brother said Trump said the $24T is the point of no return. So, the game is over. When reality hits, the borrowing stops, China and others are dumping US debt, we might easily see the lows on the spy max chart (time being beyond 10 years). Fake economy! By the way, I saw the top when it finally happened and knew it was the top, but in all honesty, I started shorting way too early. Not the first time. The fundamentals of the economy are so bad, I couldn't believe it kept going up.
What really irritates me? They don't talk about it. Everything is more important to them, when actually nothing is more important! The only thing politicians should be talking about is the national debt and the debt ceiling. They should bring the military home from other countries. They should stop giving away money and stop the special interest #$%$ immediately. We should vote online, vote on issues, and have the politicians work for use to make it happen or let them go. Ross Perot was right. It is time to fix the government. Improve it. Start and make some positive changes, like folks voting for issues, so they actually have control. Vote for where money gets spent. Vote for taxes, do you want more, or can we lower them a bit? Etc.. Time for some nice changes. It's doable. It's innovation.
In 1981 the national debt was $1T. If they were smart enough to understand what a debt ceiling means, the debt would still be $1T instead of 18 times that, or maybe they could have paid it off. What's really stupid is that it gets ignored, though the interest is crazy like you said, like it's nothing. The stock market market cap total is around that much, I think, $17T or so (check for yourself). The profit of those companies might be 10% (or that might be high), so they are spending how much more than they take in? 1.1/1..7 = 65% of the income of all the companies on the stock exchange. So they spend 65% of all that income more than they take in. How stupid! What they do is compare the new debt to the GDP, which is foolish; I think they do it to make it seem like it isn't a problem, but GDP is merely how much money changes hands and isn't the profit of the stock market.
If anyone sees a mistake in my numbers, let me know.
Yeh, you can see it right here on yahoo finance spy as well. 2 peaks to 150. Should drop back to there for support.
that's a 25% drop; just a hunch. Look at a long term (max years for the sp500). Takes SPY to around 150.
sooner or later it has to take the us economy down the drain. The interest is up there in dollars value near the military spending. What if rates move up? What if the Chinese Juan or some other currency gets a foothold; maybe it already has. There is a reason why there is a debt ceiling and if they had stuck to it, the debt wouldn't have gone from $1T to $18Tfrom 1981? or so to now. How stupid. At any rate it is and has to be pared back. With what effect? It ain't gonna be easy to pay off all that debt in a sheeeety economy. Stupid is the understatement of the year. Then what if something serious happens with NATO and Russia, terrorism, etc.. There is no way to justify taking the national debt from $1T to $18T. It should have been $1T and moved to zero or never been $1T in the first place. Belt tightening is going to cause the stock market to #$%$ out. The only thing saving it is the illusion (when you ignore inflation).
I'm hoping they decide to change the statute of limitations (get rid of it) as a result. This could be a classic case. After 30 women come out and say they got raped, I think there is evidence ENOUGH. I think it's stupid to have a statute of limitations. I don't think they have one for murder. Rape is a violent crime as well. I couldn't believe the OJ Simpson case. What an insult these two cases are and what a joke they make of the legal system, when it comes to wealth buying protection for those that commit violent crimes.
Sorry, Money should not allow a ......
I haven't studied it so much, but it seems like after 13 women have come forward, he's got to be arrested, and if he isn't then the police, FBI, DAs should go to jail for assisting. The law is the law, and it's either broke or not being interpreted. I think 13 should be his unlucky number. Put him in jail to show that NO ONE IS ABOVE THE SYSTEM.
13 women accused him of drugging and raping them. Most were children? Not so sure. Seems like enough evidence. Seems buying them off to drop the charges should get the district attorneys, attorneys, and judges thrown in jail as well. Should be a case study to change any laws that stand in the way of getting him thrown in jail within 24 hours and keeping him there. I wish someone would push it through so that individuals can vote for issues. Stupid systems need to be fixed. Start anywhere and make it better, make it fair. Money should allow a rich person to rape little girls or women over a 30 year period or whatever it was.
Nonsense isn't it. The "positive" growth is about half the additional debt. Duh. The market has to sell off, because it has gone too far. They are spending the nations income on the debt. Bring the military home, protect the borders before they kill us with Ebola or a briefcase atomic weapon or something else. You don't think it, and then it happens. Could we make it through a winter without electricity. Bring the military home and save a $trillion or so a year, stop the debt clock from growing at least. Step one. Vote for issues. And vote for politicians. Start somewhere, vote for an issue. Add more in time. Make the politicians work for us to make it happen.