claydoctor

spx500 not buying this jump as sustainable

Short
FX:SPX500   S&P 500 Index
16
Talk this up all you want, I am not buying it. Indicators say otherwise. Just showing what could be (and what I expect), but I could be wrong, and today's strength could make me eat these words, and loose money, but, still not buying it. Good news is good news? What! Too much good news means fed has to raise rates, when the huuuge debt says no don't do it, it will make it grow huuuge. But... negative rates says dollar gets stronger, and too much of that is NOT good for markets, and since over half of the world government debt, and almost all pension funds liabilities,are being paid by investments in corporate stocks, if they tumble they won't be able to meet those liabilities, and taxes would have to be raised to pay for all that free stuff and handouts and unemployment insurance that has gone on now for many years longer than it should have........ yikes, what a pickle, what a pickle, it is check mate. We have hit the 20 year top trend line again (or just about), talk about resistance, wow. Note the bottom build set up. Look familiar? And to say nothing all this is happening while the VIX has exceeded its all time lows , ALL TIME LOWS. I have some swamp land in Florida for sale for the right price. Wait, Disney bought it all, sorry, all out.
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