This market is running on the back of massive debt, once consumed
then what manipulative game will the FED introduce
Master Asset inflator Powell (who kisses the asses of the elite and most
wealthy): dares to warn about DEBT, so then he stealthy (through many back-doors and “BS”
lending programs of the day” decides to give more crack-cocaine DEBT
to enslave the crack-cocaine
“DEBT junkies”
many are zombie firms that are massively over-indebted and fiscally irresponsible
run by braindead corporate idiots whose only goal is self-enrichment via cheaper
free-flowing monies...they are still taking on debt wherein they will run up even
larger debt (to buy-back-stock, as the FED has reduced borrowing to ~0.5%....they
will not use the new debt to grow their business, as many of these firms are
also laying off hundreds and thousands of employees) where is the logic in that...then
again its perfect logic if your primary goal is to enslave the masses & working
class, as the “taxpayers” become the back-stop for this reckless endeavor, basically
the rich get richer the poor get poorer!
Government DEBT is almost at the unserviceable level right now!
The re-awakening of the potential “Blue Wave” Democrats
winning in Georgia brought some serious risks today, and King-Trumps antics and
exploits added to the risk...add in escalating Covid-19 pandemic-related
lockdowns/restrictions (that are coming in worse than expected, and the so
called vaccination roll-out has been botched by the King’s administration and Covid-19
hospitalizations are soaring used in some panic-mongering like we saw in 2018) and
it basically sparked the worst start to a new year for the SPX-500 since 2001...The
entire broad market was hit with a selling wave after the open after some giddy
buying overnight. Interestingly the markets all moved together for most of the
day...all sectors were lower led by Utilities and Energy stocks led...Just
maybe the massive dip-buying Robinhood traders will be back tomorrow...time
will tell! The VIX surged higher today...to 29.19 before pulling back into the
close [26.97]...with the short end now inverted as expectations around
tomorrow's Georgia Senate runoff vote (over 3-million mail in votes have
already been cast) it has likely left traders with massive end-of-the-year
profits looking to hedge uncertainty...by booking those gains into the New-Year
(JMHO)....
I found it very interesting that treasury
yields were wildly unchanged today...but real yields collapsed to record lows
(suggesting support for higher precious metals maybe even crypto’s)...as breakevens
surged (10Y above 2%)...Our precious greenback managed to crawl modestly higher
today, bouncing off the old 2018 lows which were critical support...while the dollar ended flat, it was the Yuan that made headlines overnight, surging to
It's best level against the dollar since June 2018...
Carl Icahn stated today
that “In my day I’ve seen a lot of wild rallies with a lot of mispriced stocks,
but there is one thing they all have in common. Eventually, they hit a wall and
go into a major painful correction. Nobody can predict when it will happen, but
when that does happen, look out below,” ominously adding that “another
thing they have in common is it is always said, it’s different this time.
But it never turns out to be the truth.”
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