Your only looking at a very small part of the picture. The Fed has put way more than 2.3 million into the markets. They are feeding the markets through government recovery programs, bank repo swaps, business and corporate loans, international loans and many other instruments we dont see. Oh; and plain old bailouts. I would suggest a read of the book "The Road to Ruin " by James Rickards as an enlightment of how the system works.
So far everything looks great. Everyone has more money than what they had before. Everyone is itching to go on vacation, restaurants and parties. Job losses has really not affected much as govt filled up money in everyone's bank account and inflated the assets.
GM: I heard in your daily updates that the market was like a black hole and even if FED thrown in 100s of trillions of dollars nothing would happen. But it took only 2 3 trillions to re inflate the market against all odds to almost completely erase the losses in NASDAQ. Any thoughts on that ?
Your only looking at a very small part of the picture. The Fed has put way more than 2.3 million into the markets. They are feeding the markets through government recovery programs, bank repo swaps, business and corporate loans, international loans and many other instruments we dont see. Oh; and plain old bailouts. I would suggest a read of the book "The Road to Ruin " by James Rickards as an enlightment of how the system works.
So far everything looks great. Everyone has more money than what they had before. Everyone is itching to go on vacation, restaurants and parties. Job losses has really not affected much as govt filled up money in everyone's bank account and inflated the assets.
GM: I heard in your daily updates that the market was like a black hole and even if FED thrown in 100s of trillions of dollars nothing would happen. But it took only 2 3 trillions to re inflate the market against all odds to almost completely erase the losses in NASDAQ. Any thoughts on that ?
Zoom 🚘
I sold oil august21
September21 🤩🤩🤩
Buy again
Hmmmm nah I’d stick to Greg’s recommendations I was watching it drop from 9% in the green when it got down to 4% I sold and pulled the profit
Damn Greg TY for all of this Peaking behind the wizard's curtain!
Also if dip from here; fresh RSI
I think market will make dip, as fox business: watch the dow react to us china tensions over Corona.
I deleveraged here and will leverage up when market is trending up from the dip.
makes sense Greg,
Pulled some decent profits today, thanks!!
bitcoin rockin!!!!
Tomorrow is earnings report which is going to be dismal
I don't know what to expect
So no new leg up from the current trend, scary.