so much for brexit causing a global meltdown...guess the big boys wanted back in a LOT cheaper this time
Anyone thinking Bexit is firmly in the rear view mirror after only one week is going to be disappointed. SP500 is in striking distance of the yearly high. Anyone think it it gets there today?
Agreed. Heading on vaca tonight for two weeks in France. Hoping to catch the French/Iceland game. Should be fun. I'm short and long with just minor positions hoping I don't get slayed with minimal access to internet. Still a big discrepancy on price/yield. Other ratios also show weakness below.
Well, I would agree, but what if this market moves to new highs over the next week? That would sure seem likes its being brushed off. I agree that the deeper repercussions have yet to be seen. Im thinking the next batch of earnings we see will give us some insight as to what many companies are expecting to see.
This is slowly starting to make more sense as we move onwards. The Brexit crisis that wasn’t Kelly Evans | @Kelly_Evans Britain's FTSE 100 stock index has not just recovered from its post-vote low close below 6,000. It has surged to close at nearly 6,600. That's its highest closing value yet of 2016, and within reach of its all-time highs. What about the currency? The British pound, as Soros pointed out, "plunged" from a high of $1.50 before the vote — which was presumed by polls, betting shops and the global elite to be a vote to "remain" in the EU — to a multidecade low of about $1.32. .... Similarly, of the roughly $3 trillion wiped off the valuation of global stock markets after Britain's vote to leave, $2 trillion has already been recovered as stocks quickly regained their footing. If "Brexit" really is a political crisis, it should be treated as a political crisis — and not, despite all the market upheaval, a financial or economic one.
The last line there is the one that catches my eye. Is this a financial crisis coming or a just more a political one.
A mess is definitely brewing with Loretta Lynch meeting Bill Clinton, now could this lead to Hillary's fall? Interesting times I did mention somewhere next week will be a panic week.
FTSE ratio of FTSE100 to FSTE 250 seems like the 100 is getting lots of attention which means the strength is only in the top stocks, the rest are weak, big spike this week:
Yeah, if this market manages to get above ATH resistance and hold, I think there is a decent chance of a higher move (10%+). If that happens I am closing shorts and going to cash until it breaks back below ATH. Just hope I am not in cash when this thing finally goes pop.
My mom has been holding some silver. I advised her when it was 14 to wait for 20. Now I need to re-evaluate as it is nearing 20 now
Strong divergence between gold (weak) and silver (strong). Gold seems to have topped out at around 1362 last Thursday night but I see silver has room for $21.
