Not getting any less obnoxious right now.
That's what happens in the manipulated market. Did you know that 40% of the volume of the S&P nowadays is just in three stocks, and it used to be only 3% (they must sell to the people a recovery story)? We can expect huge volatility. It varies to the pair, but there is 3-5 times more USD longs then shorts and everybody is expecting a correction. Who is left to buy more and move the market? That's why I think this correction will be shallow, and there will be a squeeze.
B
Black Swan
Financial Darwinism at its finest; middle classes (worldwide) not realising they're giving up their savings to a market bubble, once it pops they're totally cleaned out and gutted like dead fish...
Which 3 stocks are you referring to?
And longer term, I think the USD is going down the drain. I don't know about other currencies, but EUR has Eastern Europe and it doesn't look good. And none of the currencies can stay strong if the two majors are weak. Hard assets (especially natural resources) will be inflated, and that's where we will measure currency devaluation. And finally the new currency or currencies will be presented. And with them probably comes a fixed exchange rate system - no more trading forex. It's fun trading short term, but secure yourself longer term, especially you who live of the trading. Buy gold and silver (physical) on pullbacks, secure your food resources, and buy a gun, especially you in the US (I bet Pippy has one:cheesy🙂
cpngtw
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