US Wall St 30Short
Dow to 27,600? Maybe lower?
End of the year is here and the volumes are low. But there is still some very tight formations forming with evidence of possible breakdown of structure forming. Congress is dead set on Gridlock (which I like) but for economic Integrity it’s not good for the US markets. If they can’t agree, govt shutdown is possible. If they do, they may turn off some of the FED spigot. If that spigot gets turned off, that volume holding up the market may move away into other assets or just disappear, until something helps shore up investor interests again. I worry about the bottom of this dip of it doesn’t get held up. If it does get held up, what does that do for long term policy? When does emergency measures stop? At which point after turning them off, how long before they deem it needed to use again? Look at EURO, 20 years in existence basically and it’s been nothing but pump pump pump, and when they need to stop, they keep pumping. These are emergency measures, when does the emergency end? We are almost 20 years since Bush “refunded the American people thier overpayment of taxes” as I recall it, then 9/11 emergency stimulus, 2008 (which never really stopped)and Trumps so called tax cut (stimulus) and it seems to me like there was an additional stimulus that I’m not remembering. This can’t end well...
Just my thoughts. Have a good holiday.
Just my thoughts. Have a good holiday.
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