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28-03-2020, 05:15 PM
#6891
Originally Posted by Balance
What perspective is that you refer to, to be even more cautious? https://www.investing.com/news/stock...omfort-2120653
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28-03-2020, 05:46 PM
#6892
Originally Posted by Baa_Baa
20% up on 60 = not the same as 20% down on 100.
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28-03-2020, 10:00 PM
#6893
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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29-03-2020, 10:20 AM
#6894
Originally Posted by Balance
20% up on 60 = not the same as 20% down on 100.
Good point and easy to overlook. It's only recovered 12% of the original 100.
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29-03-2020, 10:52 AM
#6895
Originally Posted by Cyclical
Good point and easy to overlook. It's only recovered 12% of the original 100.
The tsunami of trillions of dollars being printed - think through the implications for your money sitting in the bank today.
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29-03-2020, 11:16 AM
#6896
Originally Posted by Crypto Crude
The DOW only rose like that because it fell so so hard...higher volitialy is higher risk... it's just a bear trap anyway.....you dont have the start of a bear market and then a few weeks later think it's all over... all the info suggests a far far deeper recession to come.... the 2 trillion will get spent and then we get a reality check...
Dont be left holding the baby, plenty of time to scoop up the juicy nuggets later on... I might even have to have a dabble in the stocks first time in yearrrssssssss....
.^sc
Quote:- you dont have the start of a bear market and then a few weeks later think it's all over.
It has happened before a number of times in fact...I'm not suggesting it will happen this time...It may, it may not.
From my archives
Attachment 11171
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29-03-2020, 12:22 PM
#6897
The link below is to a photo album with a picture of the current sp500 chart which shows the break down out of the 2009 - 2020 bull market. the current rally is retesting the break down line. The numbers are elliott wave counts we are now in a bear decline similar to 2007 time period but more than likely more severe in market decline. the projected counts suggest this and modelled together with economic data confirms this.
the grey shaded area is the likely end of the re test area some where between 2600 - 2750.( it did get into that area thurs / fri so next few days will confirm if thats the end of the re - action rally) the grey area was found from taking the all time high of the sp500 and the current low since the high and projecting the retrace.
https://i.ibb.co/PxqWyP0/Screen-Hunter-472-Mar-29-11-20.jpg
heres some good reading also from NOURIEL ROUBINI
This trifecta of risks – uncontained pandemics, insufficient economic-policy arsenals, and geopolitical white swans – will be enough to tip the global economy into persistent depression and a runaway financial-market meltdown
https://www.project-syndicate.org/co...oubini-2020-03
one step ahead of the herd
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29-03-2020, 12:27 PM
#6898
Originally Posted by bull....
This trifecta of risks – uncontained pandemics, insufficient economic-policy arsenals, and geopolitical white swans – will be enough to tip the global economy into persistent depression and a runaway financial-market meltdown
https://www.project-syndicate.org/co...oubini-2020-03
https://finance.yahoo.com/news/gloss...120337473.html
You reckon without the unlimited amount of $$$$ which will be pumped into the global economies.
G20 on the verge of announcing a package to pump $5 trillion (5,000,000,000,000) into their economies. Plenty more to follow as printed money is FREE.
Universal payment of a living wage to all citizens of working age - that's in the pipeline too.
Think through the implications.
Not a time for doomsday scenarios - but to consider carefully what is most likely to happen when that tsunami of $$$$ floods the global markets.
I believe some of us have, know what we are going to do and we will let you all know what we do when we have done it!
Last edited by Balance; 29-03-2020 at 12:51 PM.
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29-03-2020, 01:04 PM
#6899
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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29-03-2020, 02:12 PM
#6900
Good to see that new case number growth has declined for the 3rd straight day. A shame about the death though, RIP.
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