The_Unwind
Short

Rally Today, Crash Tomorrow

TVC:SPX   S&P 500 Index
Let me put it this way.
Under the Presidential leadership of Donald Trump
we are hearing that most of us can be can be back to work
by Easter, and that our churches will be filled with happy people again.

Besides being pure BS, it' is also disgraceful.

I live in the state of New York , where there today are over 25,000 citizens
infected with the virus
If you want to hear what Presidential leadership should sound like,
listen to the Daily Press Briefing's by New York Governor Andrew Cuomo.
He is a real leader,who' understands the gravity of the moment.

This is not a political endorsement, in any manner.
It is also not trading advise.
Rather it's simply a prediction.

By the end of this year, our current President will find himself in the unemployment line,
and our country,the economy,and the stock market,will have gone down the proverbial tubes.

We are in the midst of a health and economic crisis
that will only end,when enough people say with their vote,
that we are being led by a con man.

THE_UNWIND
3/24/20
NEW YORK








Comments

Yes, New York is leading in the Coronavirus by cases and deaths in the USA due to the leadership of New York, not the Federal Government. If you look closely at the statistics the total number of people who have died from Corona and Flu is less than the people who died on average from just the Flu for the last 10 years each. Coming out of flu season will tell the real story, Your hyperbole is indicative of your political nature and your stock guessing nature, eventually, you will be right then like a pigeon playing chess will prance around on the board knocking all the pieces to the ground declaring yourself the victor
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Could the government actually be inducing a deflationary event by handing out money? I know the typical thinking is that more money, more to spend, costs for consumers go up, inflation!!
But, what if, a worker with a salary of $70000/year, is now out of a job. The government comes to the rescue, and that is now the guaranteed income for several months. What does that newly out of work consumer do with the money from the government? Hoard it? Pay off debt? Or buy consumer items, like trampolines, microwaves, home renovations? In order for the consumer to be prompted to spend government money on consumer items, won't those prices have to fall? And if they do fall, many sellers who are leveraged could be underwater quickly...I don't know...

I posed this question to Zsplit as well, you two folks seem to be pretty competent.

I appreciate very much reading your analysis. Thank you for taking the time to do it.

Stay safe over there.
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Wow that was dumb
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Please stick to technical analysis and go bitch about your political views somewhere else, Perhaps some snowflake forum board. This is not the place to vent your political opinions, please keep it about the charts.
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Hi Unwind

Cheers from Denmark. We know what You are talking about.
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Extremes in unsound money and finance, thanks to gov'ts and CBs, are the root cause of the bubbles that are trying to burst now. Now govts and central banks are tripling down on even more unsound money. The government causes the big problems and their "fixes" make it even worse (eventually). Enjoy the counter-trend rally why it lasts.

http://gulfcoastcommentary.blogspot.com/2020/03/major-world-wide-crack-up-crisis-and.html
+3 Reply
Dead right!

this is the most accurate prediction in given time.
who ever think otherwise is delusion!
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I actually am/was a Trump supporter, not because I thought he was the “right” person for the job, but because he was the best of two evils. I am not a Cuomo enthusiast either, but I agree with your assessment on this UNWIND, there is no real leadership reflected in what “The Donald” has stated, only as you put it total BS! We are experiencing something the world has never seen in all of history, a total, global economic meltdown and what we need are leaders who are willing to tell it like it is, help us all weather the storm and prepare to re-build, we can’t we can’t borrow ourselves out of this one.
+3 Reply
So let's just keep the country shutdown so everyone can lose their house over a fuckin flu.Everyone wash your hands,stay home if u have symptoms,keep a social distance.Its not that hard.But in a dirty ass state like NY it is!!
+3 Reply
harperman89 Kevstakt
@Kevstakt Go out there and get this “just a flu” so that you can share your experience
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