I posted this chart a few years ago. Those that follow know this. I have updated it, but it still has the same outcome. S&P at 555. How we get there, and why, don't know, don't care. Well I care, of course, because I don't want it to happen, but who cares what I think. I say I don't care because if one thing doesn't bring us there, something else will do the job. I am a positive guy, but this is a chart post. Charts don't care, markets don't care either, they just react.
The next ten years will bring such stress on the world, like it has never seen. Such significant technology change to civilization is a transition for the ages. All transitions never come easy. Change is always stressful, whether individually or world wide. It just is. Markets don't like uncertainty, and getting there is an uncertain road, a path never traveled.
I guess the argument is, is technology forcing us to change our civilization? Or are we (or someone or some group) forcing this change, and using technology as a tool to get there.
Did the Chinese fiddle once too often, carelessly, and create a virus in the lab that got out by mistake, and use the nearby meat market as a fall guy? Really, a meat market, and a "wet one" at that? The point is, this won't be the last time some form of new knowledge, new technology, or bold human idea brings devastation to civilization. And then, there is this... "On April 13, 2029, a 1,110-foot-wide asteroid known as 99942 Apophis will speed past our planet at an estimated distance of around 19,000 miles, potentially coming closer to the surface than some orbiting spacecraft." (Potentially??????) At first they thought it would hit earth, and cause huge devastation. Then wait, calculating again, now it won't actually hit us, but come really, really close. Are you sure now? So for the next 9 years we will wonder, if they are right, and hope so. And if it does miss us, are we sure that something like that wont change our rotation, gravity, or the moon's distance from us, and have some lasting change, effect that changes weather, etc? Aren you spiritually ready to go meet God face to face? Just in case?
I am just saying, there are many potential black swans like this virus that can happen, and statistically probably at least one will. Do you think the markets will love that kind of uncertainty?
And so now, the FED unleashes QE infinity, to avoid the pain that will eventually come, and should have come in 2008. Greed, selfishness, and digital record keeping in its clumsy infancy. The pace of banking, mortgage creation, and selling them and re selling them, too fast, too careless. The reset didn't happen, lessen not learned. The pain was avoided, and now the greater pain will happen, just a question of when. Print more money, borrow more from whoever, debt skyrocketting, at zero interest, so like that's ok now? Rediculous. Either you are a fool or simply just don't want to know, if you don't have a good sense of how this story turns out.
I don't post this for my benefit, like I know more than someone else. Or that I can say, there I told you so. I write and post for others, for you reading this. Just open your ears, eyes, and process this through your own brain, and maybe some of its truth will seem like truth to you. Do with that what you will. But I wish you well. I really do.
Not sure if this V becomes a square root or this latest rise is just part of an abc correction move. It could also complete the right shoulder of the mother of all Head and Shoulder move. See the chart. The financial aid package passed, I expected a huge bounce to the markets, and got only support for where we are. Good and bad. I went long march 18th. And i think we struggle to a 50% return. So staying long until... earnings come, and I don't think there will be any good news there, which may be the right side of the right shoulder.
God bless.
The next ten years will bring such stress on the world, like it has never seen. Such significant technology change to civilization is a transition for the ages. All transitions never come easy. Change is always stressful, whether individually or world wide. It just is. Markets don't like uncertainty, and getting there is an uncertain road, a path never traveled.
I guess the argument is, is technology forcing us to change our civilization? Or are we (or someone or some group) forcing this change, and using technology as a tool to get there.
Did the Chinese fiddle once too often, carelessly, and create a virus in the lab that got out by mistake, and use the nearby meat market as a fall guy? Really, a meat market, and a "wet one" at that? The point is, this won't be the last time some form of new knowledge, new technology, or bold human idea brings devastation to civilization. And then, there is this... "On April 13, 2029, a 1,110-foot-wide asteroid known as 99942 Apophis will speed past our planet at an estimated distance of around 19,000 miles, potentially coming closer to the surface than some orbiting spacecraft." (Potentially??????) At first they thought it would hit earth, and cause huge devastation. Then wait, calculating again, now it won't actually hit us, but come really, really close. Are you sure now? So for the next 9 years we will wonder, if they are right, and hope so. And if it does miss us, are we sure that something like that wont change our rotation, gravity, or the moon's distance from us, and have some lasting change, effect that changes weather, etc? Aren you spiritually ready to go meet God face to face? Just in case?
I am just saying, there are many potential black swans like this virus that can happen, and statistically probably at least one will. Do you think the markets will love that kind of uncertainty?
And so now, the FED unleashes QE infinity, to avoid the pain that will eventually come, and should have come in 2008. Greed, selfishness, and digital record keeping in its clumsy infancy. The pace of banking, mortgage creation, and selling them and re selling them, too fast, too careless. The reset didn't happen, lessen not learned. The pain was avoided, and now the greater pain will happen, just a question of when. Print more money, borrow more from whoever, debt skyrocketting, at zero interest, so like that's ok now? Rediculous. Either you are a fool or simply just don't want to know, if you don't have a good sense of how this story turns out.
I don't post this for my benefit, like I know more than someone else. Or that I can say, there I told you so. I write and post for others, for you reading this. Just open your ears, eyes, and process this through your own brain, and maybe some of its truth will seem like truth to you. Do with that what you will. But I wish you well. I really do.
Not sure if this V becomes a square root or this latest rise is just part of an abc correction move. It could also complete the right shoulder of the mother of all Head and Shoulder move. See the chart. The financial aid package passed, I expected a huge bounce to the markets, and got only support for where we are. Good and bad. I went long march 18th. And i think we struggle to a 50% return. So staying long until... earnings come, and I don't think there will be any good news there, which may be the right side of the right shoulder.
God bless.
Comment:
And do you know what Apophis means: The God of Choas.