and across the globe has been hit
with the perfect financial storm.
Despite some vain attempts to keep it up,
patterns cropping up now and then,
stock market momentum is decidedly forcing prices lower,
as many sellers simply have chosen not to risk another day in the market.
Conditions would seem to favor some kind of bottom soon,
with sentiment seemingly growing more by the hour,
But there is only one problem with that conclusion..
Stock prices have YET to make any KIND of meaningful bottom.
NOT EVEN CLOSE TO ONE.
Sure it could happen overnight,
BUT UNTIL IT DOES,.. IT SIMPLY HAS NOT HAPPENED.
YOU CAN WISH FOR ONE..but that's about it.
Technical sentiment readings like the VIX
if you have noticed has stayed constantly above 20,
in recent WEEKS, not days and by doing so,
created an environment where both fear and anxiety
drives down prices something that I have written about here before.
When the technology stocks stop going down.. ( Apple , Amazon Facebook , Netflix )
Nasdaq 100 stocks,...then you might see a floor within reach,
BUT that has not happened yet. EITHER.
It could happen tomorrow, But until it does...
When the Crude Oil Crash
finally stops reducing oil prices by 5-7 % a Day...
then perhaps some kind of bottom in energy stocks can be found.
BUT WE ARE NOT EVEN CLOSE TO THAT YET,
as Crude Oil nearly touched $50 in the US on 11/23/18
Not that it impacts the stock market directly,
but look at the Bubble that was Bitcoin ,
From nearly 20,000 to below 400, in less than a year.
An 80 % Decline, the millions bet on as the financial currency of the future.
The only problem with that assumption was the BUBBLE..and its effects
too numerous to write about here, that caused investors to shell out their life's
savings, and quit their paying jobs, because they assumed prices would keep going up.
What we are witnessing in the stock market here, and across the globe is a
PERFECT FINANCIAL STORM,
caused by the price over valuation
of paper assets, commodity assets, and new world currencies like bitcoin .
There is a painful adjustment
going on currently in the market,where a repricing of assets
is being done by the very people who invested in it all to begin with.
Rather remarkable, if you stop to think about it.
GREED, perhaps one of the most loathing of human qualities,
when there are so may less fortunate literally starving to death around the world
well call it divine intervention, or call it karma but before this all comes to its final conclusion
JUSTICE always finds a way to balancing he scales... FOR ALL TO SEE.