Black Monday

[JBmurc]

https://www.forbes.com/sites/mayraro.../#6c830b4b3596

Most market participants are counting on a Federal Reserve interest rate cut. That is likely to increase nonfinancial corporate debt levels and will continue to fuel covenant-lite and document-lite loans. When the music stops, lots of people are going to fall on their bums.

[Bobdn]

Had lunch with the wife's nephew today.
He sees a real problem with all the debt,and thinks there will be a world financial meltdown.
He is hoarding Silver and Gold.
And I think he must think there is going to be a food shortage too,by the amount of tucka he put away.!

Hopefully he also has other assets as well as gold and silver I really like gold as a bit of insurance. I find the main advantage is that it calms my nerves and and allows me to stay invested in equities.

Jack Bogle, the founder of Vanguard as we all know, mostly spoke of gold as a terrible investment. However, in one interview, he did admit that he has a 5% gold allocation in a charitable fund that he runs to guard against catastrophe. I couldn't believe it! I always felt guilty about my gold because people like Bogle (and Buffett) were against it. And then he admits that it might actually have a place in a portfolio.

The whole interview is terrific. His gold "confession" is at the 56 minute mark.

https://youtu.be/3uJbHREmUs4?t=3365

[bull....]

consolidating above the breakout - usually positive

[Joshuatree]

These 4 rules are great when you think you're at the bend at the end of the trend, dont know when.
Four Bear Market Rules | Fisher Investments | Full Video

[bull....]

first down day for a while on us markets , probably needed. asx looks like about 2% fall at the moment yuk

[couta1]

first down day for a while on us markets , probably needed. asx looks like about 2% fall at the moment yuk

That's not Yuk that's fantastic, another 2% would be even better.

[bull....]

That's not Yuk that's fantastic, another 2% would be even better.

looks like your get it at the moment

[Balance]

looks like your get it at the moment

Expect more volatility (and downside) ahead as Trump tries to divert attention away from his legal and impeachment problems.

https://www.bbc.com/news/world-us-canada-50650216 Trump impeachment evidence overwhelming - House report

Nothing quite like the rhetoric of trade wars and China & Iran bashing to keep his 30% voter base of morons motivated and attention away from his problems.

Meanwhile, expect China to dig in as the country knew a while ago that Trump cannot be trusted and China companies are already countering moves by Trump and the US to derail the country's technological progress and economic growth.

Good example - https://www.wsj.com/articles/huawei-...ps-11575196201

Huawei Manages to Make Smartphones Without American Chips. For China’s top smartphone maker, U.S. suppliers are increasingly a nice-to-have, not a must-have

Unfortunately for everyone, it means that China will not be bowing down to Trump's demands anytime soon.

The trade war will drag on well into 2020.

[Joshuatree]

Balance the prop mkt looks to be turning up here and in Aus.You thought the down cycle had a few years to run, still do?.Whats your latest info on the ground there in Auckland.

[stoploss]

Balance the prop mkt looks to be turning up here and in Aus.You thought the down cycle had a few years to run, still do?.Whats your latest info on the ground there in Auckland.

Can’t talk for Auckland but Wellington has had a big finish to the year .