Some seriously interesting daily chart technicals playing out
What is most interesting is that the very top line you see connecting recent market tops the last few years goes back to when the funny money was started by Alan Greenspan in the mid nineties. When all charts stopped reflecting the real economy and mass hyper financialisation and hyper inflation of assets started, leaving most of us far behind in what was supposed to be a trickle down. economy....
And indeed, that is what it is. And we are meant to be grateful for the few pennies of Maundy Money the rich and powerful throw our way. Thank you bankers and billionaires!!!
The stock market, housing, etc, is now so expensive I cannot afford to own a decent home ever or retire. I'm luckier than most only because I am out of debt. Until the next recession and job market upheaval that is and I once again have to start all over again from nothing after saving a lot - for the third time in my life. Unless we have negative interest rates of -90%, which brings things back to where normal, average, real, everyday people were in 1995. The Fed are mad if they think lowering current rates are any help to anyone except companies doing share buybacks and refinancing prior borrowings used for buybacks to make their managers and shareholders richer, whilst the rest of us cannot afford to invest in our. futures, merely load up credit cards to buy more overpriced crap that provides no future or income... so companies can have more. celebrations. over their EPS's and how the consumer can only make them richer and richer....
Who. says that maths, graphs and technical analysis cannot reflect fundamentals and the vagaries of human beings and their follies!!!
And indeed, that is what it is. And we are meant to be grateful for the few pennies of Maundy Money the rich and powerful throw our way. Thank you bankers and billionaires!!!
The stock market, housing, etc, is now so expensive I cannot afford to own a decent home ever or retire. I'm luckier than most only because I am out of debt. Until the next recession and job market upheaval that is and I once again have to start all over again from nothing after saving a lot - for the third time in my life. Unless we have negative interest rates of -90%, which brings things back to where normal, average, real, everyday people were in 1995. The Fed are mad if they think lowering current rates are any help to anyone except companies doing share buybacks and refinancing prior borrowings used for buybacks to make their managers and shareholders richer, whilst the rest of us cannot afford to invest in our. futures, merely load up credit cards to buy more overpriced crap that provides no future or income... so companies can have more. celebrations. over their EPS's and how the consumer can only make them richer and richer....
Who. says that maths, graphs and technical analysis cannot reflect fundamentals and the vagaries of human beings and their follies!!!