Go Back   This Blue Marble, a Global Current Events Discussion Forum > Main Floor > Lookout Tower

Lookout Tower ThisBlueMarble's sentinels keep watch in this tower for imminent danger. Threads here contain essential reports or information that Members need to know about NOW.

Reply
 
Thread Tools Search this Thread Display Modes
Old 03-22-2017, 09:51 AM   #1
Ross
Lifetime Member
 
Ross's Avatar
 
Join Date: Aug 2008
Location: Melbourne Australia
Posts: 14,531
Thanks: 5,433
Thanked 5,762 Times in 2,598 Posts
Default Financial dykes --> significant cracks .

I suppose most have noticed that the US stock market
is developing fissures but has not yet quite collapsed .
( Presumably not collapsed due to Central bank intervention )

The herd is becoming nervous ( as they should be ) .

While not a fan of Gartman I think he called it correctly when
he said ...
Quote:
Gartman Goes Short: "Something Broke In The Markets Yesterday"
Some more headlines from Zerohedge ....


Global Stocks Tumble; Gold, Safe Havens Jump On Doubts Trump Tax Cuts Will Pass


Bill Blain: "Markets Are Waking Up To The Reality Of The Trump Hangover"


..

..
__________________
All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
Ross is online now   Reply With Quote
Old 03-22-2017, 10:10 AM   #2
JimmyB
Member Level 1
 
Join Date: Apr 2015
Posts: 132
Thanks: 21
Thanked 65 Times in 30 Posts
Obama had one small rate hike in eight years
Trump has already had one and they're talking about four more.
I think rates should slowly rise but even talk of four this year seems almost like sabotage.
JimmyB is offline   Reply With Quote
Old 03-22-2017, 10:32 AM   #3
dharma
Git it, booger.
 
Join Date: Sep 2008
Posts: 5,546
Thanks: 1,021
Thanked 2,442 Times in 976 Posts
At least in my small corner of the market, Gartman is one of the best contrarian indicators I know. He is essentially always wrong.
dharma is offline   Reply With Quote
The Following User Says Thank You to dharma For This Useful Post:
Sonny (03-29-2017)
Old 03-22-2017, 11:13 AM   #4
Dietrich
Niche player
 
Dietrich's Avatar
 
Join Date: Jun 2011
Posts: 2,111
Thanks: 368
Thanked 800 Times in 454 Posts
FWIW, the macro guys I respect have been saying since the election: rally in Q1, collapse in Q2.
Dietrich is offline   Reply With Quote
Old 03-23-2017, 01:09 AM   #5
Malcolm
Senior Level 3
 
Malcolm's Avatar
 
Join Date: Aug 2008
Location: Australia
Posts: 3,352
Thanks: 2
Thanked 274 Times in 199 Posts
Wall Street Journal too..............
http://www.smh.com.au/world/wall-str...22-gv4bn1.html
Malcolm is offline   Reply With Quote
Old 03-29-2017, 11:50 AM   #6
andy
Senior Level 5
 
andy's Avatar
 
Join Date: Aug 2008
Location: Gainesville, Florida
Posts: 5,512
Thanks: 604
Thanked 1,200 Times in 643 Posts
I had to check this thread out to find out what a "Financial dyke" is....
__________________
Backing off on the tranqs..... petting puppies instead!
andy is offline   Reply With Quote
The Following User Says Thank You to andy For This Useful Post:
Auburn Boy (05-26-2017)
Old 05-26-2017, 11:33 AM   #7
Auburn Boy
Denizen of the Gold Fields
 
Auburn Boy's Avatar
 
Join Date: Aug 2008
Posts: 8,415
Thanks: 2,298
Thanked 1,107 Times in 651 Posts
Quote:
Originally Posted by andy View Post
I had to check this thread out to find out what a "Financial dyke" is....
Andy, no one wants to go digging into dykes cracks..,
__________________
(\__/)
(='.'=) This is Bunny. Copy and paste bunny into your
(")_(") signature to help her gain world domination
Can't leave the Siwwy Wabbit behind!!
Auburn Boy is offline   Reply With Quote
The Following User Says Thank You to Auburn Boy For This Useful Post:
A.T. Hagan (05-26-2017)
Old 05-26-2017, 12:41 PM   #8
Sysiphus
Senior Level 6
 
Sysiphus's Avatar
 
Join Date: Aug 2008
Location: Seattle
Posts: 8,466
Thanks: 665
Thanked 1,772 Times in 1,023 Posts
Isn't the Dow above 19000 again today? And I thought dyke was a, uh, geological term or sumpin.
__________________
Quis custodiet ipsos custodes?
Sysiphus is offline   Reply With Quote
Old 05-26-2017, 01:26 PM   #9
Dietrich
Niche player
 
Dietrich's Avatar
 
Join Date: Jun 2011
Posts: 2,111
Thanks: 368
Thanked 800 Times in 454 Posts
Quote:
Originally Posted by Sysiphus View Post
Isn't the Dow above 19000 again today?
Significantly. It's 21k.
Dietrich is offline   Reply With Quote
Old 05-26-2017, 07:55 PM   #10
Ross
Lifetime Member
 
Ross's Avatar
 
Join Date: Aug 2008
Location: Melbourne Australia
Posts: 14,531
Thanks: 5,433
Thanked 5,762 Times in 2,598 Posts
The market indexes appear to be being propped up by some combination
of Central Bank and Plunge Protection Team activity .
If you wait for the market indexes to fall you may need to wait quite awhile.
( At some point I expect a managed decline ) .

The real cracks , the dangerous cracks are likely to appear in Bond Markets .

As I recall , the 1930s depression may appear to have been triggered by
falling stock markets but the underlying catastrophe was a collapse in
Bond markets .

It is a vicious circle , Central Banks are desperate to prevent asset price
deflation including Stock markets because if deflation occurs the markets
will know Central Banks and government will have no choice but money
printing to cover their massive social obligations . In other words the
value of Western currencies will gradually head towards zero . That would
in turn mean bond markets are without a bid ( other than phony government bids ) .

It is gradually happening anyway but would happen a lot faster if there is
asset price deflation .

ps ... Do you spell it Dykes or dikes ?

..
__________________
All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; Yesterday at 05:40 AM.
Ross is online now   Reply With Quote
Reply

Tags
>, cracks, dykes, financial, significant

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 12:52 AM.


Powered by vBulletin®
Copyright © Jelsoft Enterprises Ltd.