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The end is nigh, brother, the end is nigh!

Posted by Richard640 @ 7:25 on June 10, 2020  
I dunno-bonds up strongly again–yesterday the trannies gapped down 320 pts on the open–somethings cookin-Vesuvian Tremors?
 

https://futures.tradingcharts.com/marketquotes/ZB.html

 
The end is nigh, brother, the end is nigh! 
 
World markets are like a pie crust stretched across the roof of a volcano!
 
Fu Manchu is about to pull the lever to the trap door!
 
Warbucks signals the trusty  Punjab to cut the cords of the rope bridge!
 
Grease the skids! Happy tobogganing!

Economist Duvid Rosenberg

Posted by Richard640 @ 7:17 on June 10, 2020  

June 9th=So the stock market is pricing in a V-shaped recovery, right? Just like it priced in the pandemic when the first case was detected in China Nov 17/19; spread to Thailand Jan 13/20; confirmed in the US Jan 20/20; & Wuhan began lockdown on Feb 2/20? Great leading indicator, eh?

Y’all know my good buddy Carter Worth from CNBC–“The risk-reward proposition for equities is poor.”

Posted by Richard640 @ 6:57 on June 10, 2020  

Chief Market Technician at Cornerstone Macro, Co-Host of CNBC’s Options Actions

JUNE 5TH-Apropos to the last tweet, if you happen to be long Regional Banks, Airlines, and other such areas of the market (we’re not), and happen to have impressive gains there too (we don’t), our thinking is the same: “take the money and run”. $KRE
 
JUNE 9TH–Interesting results from yesterday’s 2-question survey of over 400 clients: 61% voted that the Russell 3000 will make a new all-time high in 2020, but 59% believe we will end the year lower than where are now. Conclusion? The risk-reward proposition for equities is poor.
 
JUNE 5TH-The April 9th Covid 19-related drop and gap in WTI Crude Oil is “in play”. We’re short sellers of WTI Crude Oil in the event of a gap fill on Monday, Tuesday or the day/days thereafter.
 
We’re thinking it’s right to harvest gains in Energy. “Take the money and run” is what comes to mind. $XOP $XLE

Maya

Posted by ipso facto @ 0:33 on June 10, 2020  

Nazdrovia!

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.