another defeat for bears...I am beginning to lose my sense of humour. Still cycles extend throughout this week so lets see how the weekly candle looks on Friday.....I am sick of BTFD idiots saying its a bull market...its a bubble driven by money printing
hey CR.
ReplyDeleteI'd agree that it is NOT a bull market.
I suppose technically it is..but since its largely (if not entirely) due to fed money printing, its not a real bull market.
The underlying economy is struggling, and if you strip away the QE, the economy has been in recession for the last 6-7 years.
Oh well...trend is..what it is...and right now...it ain't down.
I'm giving it another 11 days, lets see if we can get an FOMC spike top.
HeyPerma good to see you,yep cant fight the trend
DeleteWell I'm the clueless bastard for at least today. Bit again, but positions are small. Temped to go all in PMs after they settle down. No need the BS. You know it was the stabilization team buying the hell outa it and HFTing. Nothing more.
ReplyDeleteCR, you don't understand how a Bull Market "behaves" that is why you aren't able to make money in it. You keep looking for "labels" to rationalize the money printing.... but the fact of the matter is that this is NOT the first time the Fed has stimulated the financial markets.
ReplyDeletewell I agree with PD's comment above....we've had "QE" for 4-5 years now...no recovery in bank lending,no bankers in jail,massive unemployment...I dont see any precedent for this,certainly in the sheer scale of itwhich is why i think the whole system is rotten from the top.And Europe in some ways is worse,with structural deflation built into the system.You are right though the trend is up and to fight it is lethal
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