Loading ...So far Newsom a Demo who wants to double the tax, increase property tax and against the gas tax repeal a real creep and Cox a republican against all those taxes in the lead of two runners not dependent on party. Was hoping the only two Republicans would be in the lead and at the same time feared it might split the vote.
Even a tiny drop, such as witnessed last February, always results in an ever larger flood of money and new record highs. I don’t believe stocks will ever crash again,
I just don’t believe stocks are capable of correcting anymore (no sarcasm). I’ve heard about the immanent stock crash, that never comes, for years. It doesn’t matter where the money comes from, all that matters is it always comes. Even a tiny drop, such as witnessed last February, always results in an ever larger flood of money and new record highs. I don’t believe stocks will ever crash again, I would sooner believe the Sahara desert could transform into a jungle.
My 401K is now 100% stocks and I have zero fear of even a tiny market drop. My bigger fear was the drop in the value of money and by holding all of my wealth in stocks I no longer have that fear. Jerry Powell and company have my back, any hint of a market drop and the Fed will ride to the rescue. Stocks and Real Estate are 100% insured by the Federal Reserve – it’s too late for me to afford even a modest condo in my area ($800K +) but at least I’m fully and safely invested in the stock market.
Individual stock market caps have gone from thousands to millions to billions and now trillions – Quadrillion market cap companies will arrive soon enough. S&P 500 –> 3000 before the end of June and to surpass 3500 by year end – if you were to ask Ben, Janet or Jerry I’m sure they would agree.
As long as zeros are cheap stocks never will be.
How I learned to stop worrying and love the bomb, I mean market, spelled F-E-D.
A ZH reader comments:
When liquidity dries up and it’s time to sell there will be no buyers.
Markets will go from one circuit breaker to the other.
Then markets will be closed for days because of the chaos.
Central banks will do QE4 QE5, helicopter money and the financial system will eventually break down.
Just buy a crystal ball and you will see the same.
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After being wrong on almost all it’s doomsday predictions the last 9 years, I guess the blind squirrel known as ZH is about to find a nut. Congrats. Too bad stocks are up 300% and gold is down 30% in that period.
Maya 20:31
ROFLMAO Too funny, only if it were true.
On your pictures. Those houses remaining wow, they’re surrounded. Lucky so far but no roads back in. See a lot of them that appeared to be around them in earlier pictures are gone. Devastating pictures of all that land gone. Pele will not allow over population on her island.
Going with the Flow
Kapoho Bay is now Kapoho… Peninsula. Hottest new land on Earth.
Meanwhile, several miles upslope, there is no sign of it slowing down. 400,000 cubic yards a day of liquid paving rock.
Courtesy of USGS.
Maddog
“3 1/2 years old”
D’oh! Well it certainly isn’t driving up the price!
mr copper,
“Ahhh, finally we are getting near a gold bottom?
here it is!!!
Ipsofacto
That Vlad article is 3 1/2 years old !!!!
But is does explain that there are serious buyers out there, which is obvious….the scum however are immune to all rules…for now.
Floridagold @ 17:48 re Gold Investing Goes AWOL
re part:
“existing owners are selling while the number of new gold investors just fell to fresh multi-year lows.” “last month saw the lowest number of new precious-metal investors since May 2014. Down 27.7% from the previous 12-month average”
Comment: Ahhh, finally we are getting near a gold bottom? No. The gold bottom was late 2015. Even with very little buying. So its a bottom for demand only not price. Sounds good to me.
Floridagold
That may be true, however the ones that are in this market are bullish as hell. Can’t get enough of those GDX, NUGT, GLD, and SLV calls.
That’s why PM’s are F’d.
To da moon Alice.
Chuckle
Buygold and treefrog
“first time you’ve heard of it”
Yeah me too I sure hope it’s true. Yep it makes sense for Putin to keep it under his hat.
If it is true you’d think it would start having a major influence on the price …
Airbus nose about destroyed by hail.
Look at this aluminum jet about totaled by hail.
Question comes then why can they fly through a building of cement and steel when they’ve stopped by birds or hail.
https://www.google.com/amp/s/sputniknews.com/amp/us/201806051065127287-plane-hail-storm-damaged/
buygold/ipso
if putin’s buying gold and unloading dollars, the last thing he would want to do is announce it widely – until he has as much gold as he wants. such an announcement, or backing russia’s currency with gold would be likely (imo) to raise the pog and drop the po$. perhaps sharply!
he may be setting up to do that, but is still playing a waiting game to get as many ounces as possible for the $ he has to spend….
….when (if ever?) would he decide he has enough? that’s the question!! i suspect he’s playing his cards close to his vest
Wise and considered insights by ZH readers….Calling it now, crash goes down July or August and we go into the abyss after that.”
Tue, 06/05/2018 – 14:27 Permalink
Ho Lee Fuk
Shibumi2 Tue, 06/05/2018 – 14:34 Permalink
Ho Lee Fuk
Wi Tu Lo
Sum Ting Wong
Bang Ding Ow
NEVERMIND CTRL P
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+1 they’ve been beating the china corporate default contagion dead horse for years and years and years. it just doesn’t matter how many yuan who owes which bank. it just doesn’t.
Ipso
“No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world.”
He’s definitely not shouting about it, although even if he were I doubt western media would report it. I sure wish he’d back the ruble with gold or silver, that might help to take the pricing mechanism out of the criminal banksters hands.
First I’ve heard that he was selling for gold…
Hmmm
Grandmaster Putin’s Golden Trap
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period.
cont. https://www.gold-eagle.com/article/grandmaster-putins-golden-trap
Crash City, Baby! it’s a-comin=we haven’t seen the SMFI drop this much since the Great Recession of 2008 and the 2001 Recession. . .
The Smart Money’s Bailing As Market Complacency Surges
The turbulence throughout the markets last week – thanks to Italy – has given investors their first taste of a frothy summer.
Especially the ‘smart money’- they’re bolting for the exits…
The Smart Money Flow Index (SMFI) is a leading-indicator in markets. That means when the SMFI drops sharply, usually the equity markets are right behind it.
And we haven’t seen the SMFI drop this much since the Great Recession of 2008 and the 2001 Recession. . .
What’s going on?
Last week I wrote about the forgotten economist – Hyman Minsky – and his excellent work about the Financial Instability Hypothesis (FIH), which details how an economy shifts through three stages.
From lowest risk to highest risk the stages are: hedged, speculative, and ponzi.
But probably the most important takeaway from the FIH is this simple sentence. . .
The periods of low volatility and market calm are the seeds for high volatility and market chaos in the future; then back the other way around.
In the interests of World Peace … and against Death and Calamity
Will Trump Fire John Bolton Next?
After he nearly scuttled the historic talks with North Korea by hinting that Kim Jong Un could face a fate similar to former Libyan leader Muammar Gaddafi, National Security Advisor John Bolton is being sidelined by President Trump ahead of the historic June 12 summit in Singapore, CNN reports.
According to the report, several senior administration officials have lost their patience with Bolton and his hawkish approach to North Korea, including Secretary of State Mike Pompeo, who has pushed to limit Bolton’s role in the upcoming summit, saying it would be “counterproductive” for Bolton to attend certain Oval Office meetings.
Like Trump, Pompeo was reportedly livid following Bolton’s now-infamous Fox News Sunday interview, and in an angry confrontation Pompeo accused the moustached neo-con of trying to scuttle the talks for his own selfish reasons.
Richard640 @ 12:48
I think the cretins are going to have their hands full getting silver under $16. Prix
Voting today in Cali
Sent mine in but don’t know what good it will do when we have such a high amount of second third gen immigrants from everywhere that will vote for open borders. Keep that in mind other states. They now outnumber us.