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The end of the US stock market is nearing

  • #1,081
  • Mar 23, 2020 3:10am Mar 23, 2020 3:10am
Quoting Igrok
{quote} to me it's quite apparent that Chinese numbers are bogus...
Does not matter if they are bogus. What matters is whether the markets believe them and it seems the case here. HS50 is higher than DOW.

Quoting Igrok
{quote} Japan is easy to control because of natural geographic isolation...
If that's the only reason, UK won't be having 7x more deaths than Japan.

All what's required for full recovery is another currency cancellation and internal debt forgiveness. China and Japan both have rich history in this regard they can learn from.
  • #1,082
  • Edited 3:31am Mar 23, 2020 3:20am | Edited 3:31am
Quoting p3yd5
{quote} Does not matter if they are bogus. What matters is whether the markets believe them and it seems the case here. HS50 is higher than DOW. {quote} If that's the only reason, UK won't be having 7x more deaths than Japan. All what's required for full recovery is another currency cancellation and internal debt forgiveness. China and Japan both have rich history in this regard they can learn from.

sure... however on a broader picture it doesn't really matter... the economy is already in recession... and if not the virus it would've been something else... by making my initial projection over a year ago I based it on the graph only when there was no virus in sight...
  • #1,083
  • Mar 23, 2020 3:39am Mar 23, 2020 3:39am
Quoting Igrok
{quote} the economy is already in recession...
Yep, and Japan has been in and out of recessions since 1990x so they are conditioned on it, sort of :-) China and S.Korea - not but they have a (very) depressionary past and certainly remember the experience. I am sure populace in all these countries will welcome new currencies, especially if coupled with reducing/zeroizing their debts.

Quoting Igrok
{quote} if not the virus it would've been something else... by making my initial projection over a year ago I based it on the graph only when there was no virus in sight...
Kudos for that, of course.
OTOH, Your thread is titled "The end of the US stock market.." - time to re-read the title?
  • #1,084
  • Mar 23, 2020 3:44am Mar 23, 2020 3:44am
Quoting p3yd5
{quote} Yep, and Japan has been in and out of recessions since 1990x so they are conditioned on it, sort of :-) China and S.Korea - not but they have a (very) depressionary past and certainly remember the experience. I am sure populace in all these countries will welcome new currencies, especially if coupled with reducing/zeroizing their debts. {quote} Kudos for that, of course. OTOH, Your thread is titled "The end of the US stock market.." - time to re-read the title?
will see... better late than never... ))) though on NIKKEI 8200 is a must...
  • #1,085
  • Mar 23, 2020 5:17am Mar 23, 2020 5:17am
Interestingly enough SP was bought again over 9K contracts. Of course its always in a heavy buy mode and options can be insured and in case of loses will be payed out. I guess its just a matter of time when Insurance companies start crying for bail outs cause its been nothing but insurance claims in the last couple of monthly and weekly contracts without any bright future.
  • #1,086
  • Mar 23, 2020 8:27am Mar 23, 2020 8:27am
Quoting Igrok
{quote} SARS-CoV-2 virus is NOT the same as the seasonal flu, because it's absolutely deadly for the World economy... it has 100% fatality rate... one world, one economy, one death...
That is true, but only because of the actions being taken to control the virus. Could wind up as one of those "The cure is worse than the disease" scenarios....
  • #1,087
  • Mar 23, 2020 11:10am Mar 23, 2020 11:10am
Quoting moneymaker2
Hopefully, by the end of the week it will close above ~20900 and be the second failed test of support on the weekly chart....
Quoting Igrok
18300 is a must...
enjoy what's been promised all along...)))
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  • #1,088
  • Mar 23, 2020 11:16am Mar 23, 2020 11:16am
Quoting Igrok
{quote} on my opinion, right now a drop back to at least 18300 mark for DJI is a must and the index has a 100% chance for reaching this level before posting a new historic high (which might never really happen in our lifetime) above the current one located at 29568.57...
hahahahaha...))) it seems I know how to keep my promises...
  • #1,089
  • Mar 23, 2020 11:42am Mar 23, 2020 11:42am
Quoting Igrok
{quote} {quote} enjoy what's been promised all along...))) {image}
Yup.

Thank’s for the personal heads up late last year! I really appreciate and thank you for letting me know!

If just people would/could listen to experience.

These days it’s getting harder and harder.
  • #1,090
  • Mar 23, 2020 12:30pm Mar 23, 2020 12:30pm
Quoting jupiter_peak
{quote} Yup. Thank’s for the personal heads up late last year! I really appreciate and thank you for letting me know! If just people would/could listen to experience. These days it’s getting harder and harder.

thank you, Mauro... I'm glad that at least some of those who knew me for centuries took my early warnings seriously...
  • #1,091
  • Mar 23, 2020 12:51pm Mar 23, 2020 12:51pm
Quoting Igrok
{quote} thank you, Mauro... I'm glad that at least some of those who knew me for centuries took my early warnings seriously...
Sooner or later people will all realize that we are on the same boat.

No matter if you are rich or poor, democrat or republican or even long or short...
  • #1,092
  • Mar 23, 2020 1:10pm Mar 23, 2020 1:10pm
Quoting Igrok
{quote} {quote} enjoy what's been promised all along...))) {image}
Bravo Maestro and thank you for all the gold nuggets you have shared in here.
Health and prosperity to you
  • #1,093
  • Mar 23, 2020 1:12pm Mar 23, 2020 1:12pm
as it seems, zone, between 18300 and 16300, might be difficult to penetrate...looks like the market may produce some temporary correction... especially if it hits 2100 level ( which is also a must, but not necessarily right now) on S&P first... other than that and in the longer run for all the stock markets reaching sub 2008-9 levels seems increasingly likely day after day...
  • #1,094
  • Mar 23, 2020 1:18pm Mar 23, 2020 1:18pm
Quoting Argo
{quote} Bravo Maestro and thank you for all the gold nuggets you have shared in here. Health and prosperity to you
thanks a lot... health and prosperity to everyone...
  • #1,095
  • Mar 23, 2020 1:41pm Mar 23, 2020 1:41pm
Quoting Igrok
{quote} {quote} enjoy what's been promised all along...))) {image}
You were certainly right about that, but heck, I trade options, so it doesn't matter to me which direction the market is going. I've actually made a lot of money being bullish over the last few weeks, because with options, you can take advantage of smaller moves within larger moves.

Now, let's see if the DJIA can get back up to close the monthly candle above ~20900, because that is where it wants to be....in my opinion, anyway....
  • #1,096
  • Mar 23, 2020 1:46pm Mar 23, 2020 1:46pm
Quoting Igrok
{quote} thank you, Mauro... I'm glad that at least some of those who knew me for centuries took my early warnings seriously...
I hope they had enough confidence in your warnings to actually put money on them, and I hope they made a cubic buttload of money doing it!!
  • #1,097
  • Mar 23, 2020 2:07pm Mar 23, 2020 2:07pm
More and more I am starting to believe that the mitigation strategy is the best route in detriment to the suppression strategy.

We have to start running the economies back up.

Otherwise, a Great Depression will hit us very, very soon.

Just my $0.02 at this point.
  • #1,098
  • Mar 23, 2020 2:14pm Mar 23, 2020 2:14pm
Quoting moneymaker2
{quote} I hope they had enough confidence in your warnings to actually put money on them, and I hope they made a cubic buttload of money doing it!!
Regardless of money made or not...

Igor demonstrated kindness, consideration and expressed his concerns to people he has know for a long time.

And yes, I took his words very seriously.
  • #1,099
  • Mar 23, 2020 2:57pm Mar 23, 2020 2:57pm
Quoting jupiter_peak
{quote} Regardless of money made or not... Igor demonstrated kindness, consideration and expressed his concerns to people he has know for a long time. And yes, I took his words very seriously.
I have no doubt that he did demonstrate all of those qualities, and backed it up with experience.

I just look at trading as a means to an end, i.e., making money. I enjoy trading, and consider it quite fun, actually, but if you could not make money from doing it, I would stop in a heartbeat. So to me, trading is all about making money. I also know that on any given day, on podcasts and news shows and blogs and forums and pretty much every means of communication, there are people making predictions, and those predictions go all over the spectrum. Many, if not most, of those making the predictions do so without any risk. I have found that if you want to follow someone's predictions, it is best to make sure they are confident enough in their own predictions to put money on them.

That is why I am hoping that the people that took his warnings seriously actually had enough confidence in them to make (or at least save) money using them. They were good predictions, and it would be a shame to not actually use them, that's all....
  • #1,100
  • Mar 23, 2020 5:05pm Mar 23, 2020 5:05pm
Quoting moneymaker2
{quote} They were good predictions, and it would be a shame to not actually use them, that's all....
all those money matters for years I used to discuss with my clients and my tax accountant only... though some of my market views and predictions I make public on this very forum and it's up to a reader to decide whether those ideas of mine are useful for them or not...
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