The dax needs something wet, not dry powder, this flakey stock market, is lookin shakey you can kick and be yellin, it was greenspan who started printed too much cash gettin of the lower bound, aint as easy as ya think, no wages growth or PMI steep slope, and you'll sink in a blink, just relax and joke you risk whiplash, lock up ya cash just dont put it in...
Support $70 Bank housing loan book performance worst since the GFC looks heavy AF, 10% gross yields might provide some support. Plenty cockroaches in the kitchen from Money Laundering to Fraud, negligence and market manipulation I will be shorting "The Big Leverage" until Sydney property bottoms out.
Trade war Higher Inflation Lower PMIs Be wary of BOJ buying intraday buying, particularly first trading day of the month - www.bloomberg.com this is the longer term timeframe setup (weekly) -https://www.tradingview.com/x/myzJMiOV/
Going to all time lows sub $5
Big Bear and Little Bear's sinister plans
strong resistance 82c, weak support 75c at double bottom but downward momentum is strong and persistent
Sell Vol they say Buy the Dip You might split and splayed Because you're being played and if ya keep buyin ya gonna get laid out if ya short this bitch ya gonna get paid out Vol is comin up, Dont sell ya puts Callin ya out Buy ya collar and pop it. Get on the straddle and leg it multi-layered and dont write the put stop it Then short all the exporters Dont be...
Australia heading into recession Consumer Balance Sheet Stretched Bad Debts > 15% Can't Make a profit on 1bn of OP CF Asset base not large enough to support loan book of that size International Expansion Plans not a good idea when they havent bedded down home market or become profitable
We all know that The Lucky country has too much hhold debt and the banking system is a fraud with toxic culture and incentives for brokers and lack of oversight and proper governance that has resulted in a "subprime" problem that the regulator is well aware of. They created a product called hybrid income / pref shares (which themselves are not new but the way...
Looks like bankers got greedy again, bigshort 2.0. A short for any season, fuck winter(s), come to sunny cali yield @ 17% = no profit when costs are 15% + simple math : $300m > 17 -15 especially when the markets expecting 20-25
Biggest Bubble of all time Maddof was 60 Bitcoin 250 Target $200
$1.25 target , Stoploss $2.50 (not advice)
Start of a new year, continuation of a downward bearish impulse. Target $500
IOTA is open source software code The prices of these coins are a bubble The technology is real short bitcoin/altcoins long blockchain is the trade. Target 50c stoploss $6.00
New tax year 20,000% gains in 12m not backed by anything its a bit slow, blocks cant get much bigger without going to quasi-centralized model. need lightning network and #offchainsettlements tokens dont have any intrinsic value and are now commodity PRICE is what you PAY VALUE is what you GET Bell's Law Bell's law of computer classes formulated by Gordon Bell...
Bitcoin is still a short, new tax day tomorrow for all people on a calendar year financial year. Sooo you delay your tax by 12m if you sell tomorrow rather than on the 31/12/17.. Happy new year
Bit of mean reversion? 200 ema @ 7266 ABC correction to roughly that level - Or does it go to the weekly 200 ema @ $2100? how do you value a bit of a (tokenized and freely available) open source software code? Or do you just manage risk and make sure the odds are skewed in your favor? Not a forecast, i'm just living risk and return. Regards, Max Sharpe