In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction.
My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you know more.
If others know of reasons for optimism on the US Economy I would be willing to learn more. So far, I've not been able to find anything of true substance to support optimism.
This post is compliant with Tradingview's house rules on text-based posts.
Comment
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Fear, greed and hope rules markets more than fundamentals. Computerised algos often search the news and aggregate concerns about a crash. They utilise this information in making decisions on whether to short or go long. I just checked Google Trends only to find that searches on 'market crash' are rising in the last week. Not surprising. The recent two peaks of concerns were in Oct and December. If this continues, and the algos get involved I'd be expecting more trouble.
Nice analysis mate, we are definitely on the same wave level regarding the economy.
Captain_Walker
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@Apex_Managed_Capital, Thanks. There was much more stuff I couldn't include. You know, when I think about this stuff, comparing the situation in 2008-ish, it becomes scary. The US Economy is hanging on the edge of a precipice and investors been pouring money into the stock markets, whilst the FED has cranked up the printing press, in like nobody's business. Meanwhile the 'big money' has been selling off like crazy.
There are several debt time bombs waiting to explode:
1. Credit card bills payments delayed by an unprecedented 30 million-plus Americans.
2. Rising non-payment of mortgages.
3. House prices crumbling not just in America but other countries.
4. Trade war secret debts - kept out of the mainstream media.
5. .. and then that missing $21 Trillion, which like everybody is afraid to think of or ask about - fearing being arrested or sumik. 😶 🙄
6. OECD, IMF and then Draghi have all painted gloomy outlooks on global debt.
Middle America is very likely to get hammered, if the impending crash materialises.
ApexFX_Pro
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@Captain_Walker, I totally agree with you on everything you have just said.
The worry is that retail traders don’t see this or are afraid to admit the economy is going down the pan... so they will loose everything... people need to open there eyes 👀
I’m just watching a film called “ the big short “ I’m sure you will enjoy it.. if you haven’t already seen it?
Captain_Walker
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@Apex_Managed_Capital, I mentioned in one of my videos that I haven't seen 'The Big Short'. I'm gagging to view it, but there is too much work I need to do on 'The Real Big Short', right in front of me. 😃 😄 Man, this is war! LOL. I'm battling a million minds! newtrader.club/2018/02/10/better-million-minds/
So every bit of my walking hours I can spare, is devoted to managing the reality of this chaos. I'm not part of the 'American nightmare'. I just aim to exploit it - mercilessly! 🤑 😲
The US economy is definitely going down the pan. Loads of retail traders - especially those who follow crowds - are gonna be flushed out if the next round of chaos strikes. As you know the reliable statistic is that 80-90% consistently lose money.
You know what is pretty guaranteed to open eyes? PAIN! 🤯 😬
ApexFX_Pro
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@Captain_Walker, haha you need to watch it.. it’s really good and opens a few eyes.
I’m a MMA practitioner so I know all about pain opening eyes 🤪
But yes the sheep really need to wake up before it’s too late.
Nothing wrong with exploiting a good money making chance... I’m also doing it haha