Stocks: Market Crash Looming

[r3volution 3.0]

10Y back to 2.85+

Stocks are dumb money.

They haven't yet figured out that yields will not stop rising.

 

[devil21]

Tis Aaron Russo rising from the grave?

 

[oyarde]

Never know , maybe between now & May could be the race to the top . Currently Gold @ 1325 , Dow @ 24582 , Copper 3.02 , Platinum 969 , Palladium 974 , Silver 16.58 , S & P 500 2650 , Nascrap 6969 ......

 

[r3volution 3.0]

Yields back to the level that caused the original crash, I'd be selling the rip

 

[Madison320]

Yields back to the level that caused the original crash, I'd be selling the rip

2.92

 

[oyarde]

Gold @ 1351

 

[r3volution 3.0]

2.92

Yup, new highs, this stock rally shouldn't last.

 

[devil21]

Yup, new highs, this stock rally shouldn't last.

I watched the market tickers most of the day and it was clear that the machines were not going to let the Dow go into the red even though it clearly wanted to. Today's chart was absurd.

 

[oyarde]

I guess the Dow could go back to 25K tomorrow ......

 

[devil21]

I guess the Dow could go back to 25K tomorrow ......

It'll do exactly whatever they tell it to do. The new shorts got fleeced since last week. The new longs are due up next.

It's ridiculous how rigged it all is.

10yr still rising. Futures up 275!

 

[oyarde]

Dow needs about a 100 to get back to 25k @ 9:35 am , gold @ 1352 , copper back to near 3 1/4 yesterday evening, West Texas oil back over 60.00, Brent Crude @ 64 and one yr oil forecast still under 70 .

 

[r3volution 3.0]

I watched the market tickers most of the day and it was clear that the machines were not going to let the Dow go into the red even though it clearly wanted to. Today's chart was absurd.

Stocks will eventually figure out how destructive higher (i.e. normal) rates are going to be, machines or no machines.

A certain amount of rate increase might be priced in at this point, though not enough (no one's expecting much above 3%).

In any event, while stocks take the headlines, the really important action is in the bond and forex markets anyway (and gold).

 

[oyarde]

With Gold up to 1357 3/4 tonight , should I expect the usual profit taking on Fri ?

 

[r3volution 3.0]

With Gold up to 1357 3/4 tonight , should I expect the usual profit taking on Fri ?

If stocks keep rallying, so will gold.

If stocks drop again, there'll be a flight to safety, into bonds, and gold will probably sit flat or drop slightly.

...i.e. some (more thoughtful) investors are starting to see it as a safety play but not yet most.

1400 is going to be a key psychological level.

 

[r3volution 3.0]

Apart from the Dow and the 10Y, this should be monitored:

And this

And this:

 

[r3volution 3.0]

This one too (why, apart from the government's debt, interest rates matter so much):

 

[devil21]

Stocks will eventually figure out how destructive higher (i.e. normal) rates are going to be, machines or no machines.

A certain amount of rate increase might be priced in at this point, though not enough (no one's expecting much above 3%).

In any event, while stocks take the headlines, the really important action is in the bond and forex markets anyway (and gold).

I don't have a good feeling about Monday overseas markets and Tuesday markets here. This week's ramp back up reeked of coordinated manipulation.

 

[r3volution 3.0]

I don't have a good feeling about Monday overseas markets and Tuesday markets here. This week's ramp back up reeked of coordinated manipulation.

I'm not much inclined to those explanations, but yea, this was suspicious.

A rally in itself wouldn't have been suspicious, after last week, but this was strangely orderly.

 

[oyarde]

Dow closes below 25K .

 

[oyarde]

Palladium up 2.00 to 1023.00, West Texas Light Sweet up to 61.68 , Copper pretty steady at about 3 1/4 , Brent Crude up a half dollar nearing 65 . That pushes the one yr oil forecast back to 70 which means gold might be a bargain @ 1329 .