can we get on with this thing already. bearish divergence more similar to 2000 crash than 2008. RIGHT AT RSI LEVELS FOR TRUE ACTION. How about we call it November 9, 2016? Bollinger band tight now for amazingly long historic time frame, and tighter than ever, like suspended in time, political manipulation to the nth factor. That alone should tell you there is soooooo much at stake with this election outcome, does the economic model change forever or try to rebuild? That is the question. And the markets, the money is just grabbing a smoke, waiting at the bar, making small talk, while we know the result. It is simple, Hillary wins, taxes skyrocket, crash, corporate stored cash runs and hides, no reinvestment. Trump wins, huuuuge corporate sigh, corporate stored cash gets released, companies reinvest, tax breaks all around, market is off to new highs. Guess who I thinks wins? BTW, fun fact, there is no matching corporate payroll tax on robots. who would you hire, robot or human, to cut costs, increase profits? Making the tax revenue higher to those who actually do pay it, and higher, and higher, with each new cost savings tech added.
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If FOMC raises rates september meeting, this could be the start of the decline. One of many possible catalysts. So, is a rate hike baked in now, or not, mmmmmmm?
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A couple more hawkish speaches should do it. they are trying to ease the markets into this rate hike with speaches timed out a couple more before nept fed mtg just so it isnt an overnight shock, but it will shock because it wasnt baked in at all. sell baby sell, before you cannot.