Stocks: Market Crash Looming

Oh no, it's the "un" quad. Dow up, gold down, dollar up, rates down.

Rates are still rising, but yea, this is a reprieve from Friday/Monday's action.

I still think we're past the Dow high for this cycle and this sucker's going down.

Next couple weeks will tell.
 
There's going to be lot's of debt ceiling action over the next few weeks. That could spook the markets either way. Whether they pass a big spending increase or if they hit the ceiling.
 
The 10 year has dumped on news of the superfantastic, cap-busting, deficit-exploding budget deal just announced.
 
Someone remind me again what the advantage of a GOP controlled government is?

...

invisible said:
Don't worry, surely the trumpettes will be along soon enough, to do one or more of the following:

A) Argue about the meaning of words like "cut", "spending", "military", "entitlement", "increase", and "budget"
B) Tell us that their authoritarian idol really didn't mean what he said
C) Tell us that this is a brilliant move in a game of 3-D chess that only trumpettes are capable of understanding
D) Tell us that it's ok because obomba did it first
E) Tell us that it's ok because it would have been horrible if clinton had done the very same thing
F) Tell us that this is what Liberty and Freedom really mean
G) Call CPUd names
 
Monetary policy has painted this whole shebang into a corner and the law of diminishing returns is rearing up. Even the charade of fiscal conservatism is crumbling to the point that the GOP just says fuck it and doesn't even act like they're cutting anything anymore. Any real cuts would collapse the entire ponzi overnight. The last few days of the markets show exactly what would happen if there was any real reform. That won't be allowed until the bankers are completely ready to roll out the blockchain currency replacement.

eta: markets sank again but now we're right back to +200 on the Dow 15 minutes later. Looks like any hint of going negative again will be met with a PPT floor.
 
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Dow goes negative into the close, down about 300 points from the intraday high after rates started rising again
 
markets-can-test-new-fed-chairs.png
 
Four Horsemen - stocks down, yields up, dollar down, gold up

Glenn Beck was complaining about the massive budget deal this morning but then he said if you only care about winning, the republicans have won. I'm thinking if that thing passes there's no way the we make it to 2020 without the Big Crash. In fact it they pass that and then they start talking about MORE spending, for the wall and infrastructure and stimulus we won't make it to the midterms this year. If that happens the dems will sweep.

I'm not so sure this thing will pass however. It's already getting international attention as being a big spending increase.

It's kinda funny, lately I've been forgetting to check the cryptos. It used to be the only action.
 
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Apparently they are voting on the budget today. If it passes hang on, there could be some crazy up and down action.
 
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