I thought I should be the first to bring this up, but a full deflation of this extended chapter of the Fed experiment implies a retest of the 1987 lows, or 218 on the S&P 500.
I understand this is rank madness and irresponsible bearishness, but the geometry is now in place for this, as are the domestic and international prerequisites and trigger events.
This is a 95% decline from yesterday's all-time highs.
The final leg down will run from the September FOMC to the November meeting, as they at first eschew, then embrace, policies needed to stanch the bleeding.
It's not a bug, it's a feature. The debt monster is out there waiting to deflate all the things.
It can't be bargained with, it cant be reasoned with, it doesn't feel pity or remorse or fear, and it absolutely will not stop... EVER, until you are dead!
| 95% decline from top to bottom |
10 comments:
Survive and thrive, lads.
We should pop a couple of points at the open Monday morning. 4378 is the doubling of the S&P since the COVID-19 lows.
There is much hell to pay.
"In certain things, there are perverse incentives. Those in charge seek to cheat, neglect the capital, and conceal the consequences. So consumptions of the edifice on which everyone depends continues. This dynamic is especially dangerous when the people are aggressively indifferent, when they eagerly look away because they feel it expedient to do so. On the surface, everything seems to be working, which is to say they’re temporarily getting away with it. But the structure that holds it up is degrading. This process can go for a long time, perhaps many decades.
Until it cannot."
http://www.321gold.com/editorials/weiner/weiner071021.html
i cannot see this market going down much (5-10%) with an economy that's as strong as it is for the foreseeable future.
my y/e s&p target (4,300) was hit in less than 6 months and the dow and naz targets should hit well before y/e as well. i'd give s&p 5,000 a 10% chance for this year but 100% in 2022. its only a mere 14% more.
"The rally in corporate debt rated below investment grade has also pushed yields down to record lows around 4.54%, compared to consumer prices that rose 5% in May year-over-year, the Wall Street Journal reports.
The negative difference between junk bond yields and inflation marks the first time on record that speculative-grade debt yields have fallen below the rate of inflation, according to Bespoke Investment Group."
https://www.etftrends.com/fixed-income-channel/junk-bond-yields-below-inflation/
CG.... you are sorely in need of a paradigm shift. Give up the ghost, my friend.
I could not have closed on my first home without Mr, Benjamin Lee ! Benjamin and his team went above and beyond for me on this transaction. He handled my very tight turn around time with ease and was always available for me when I had questions (and I had plenty), even when he was away from the office, which I greatly appreciated! He and his team handled many last-minute scrambles with the seller and worked tirelessly to make sure that I could close before my lease (and my down payment assistance, for that matter) expired. Mr Benjamin is an incredibly knowledgeable Loan Officer, courteous, and patient. I went through a couple offers on properties before my final purchase and Benjamin was there to help with each one, often coordinating with my agent behind the scenes. I felt supported throughout the entire process. Thanks to Benjamin and the tireless efforts of his team, I am now a proud homeowner! I would encourage you to consider Benjamin Briel Lee for any kind of loan.Mr, Benjamin Lee Contact informations.via WhatsApp +1-989-394-3740 Email- 247officedept@gmail.com.
Christian do you know what happened to Elliot Charts? His blog has been suspended by Google.
I don't get it. Is this satire? Sure, we're probably living the biggest bubble in history, and not only in stocks (bonds, housing, education, healthcare), and I would not be surprised to see a 75% decline in equities over the course of 2 years or so.
But a 95% decline in a few months? Are you expecting nuclear war between India and Pakistan? A Chinese invasion of Taiwan? A war between the U.S. and Russia and/or China? None of these are off the table, I'll conceded, but they don't seem likely in the next few months.
An overthrow of the U.S. government? A meteor strike? Alien invasion?
Is this conclusion driven by some kind of deeply-held belief in "Justice," and you just can't conceive of anything other than an immediate and total collapse for all those 'evil-doers' in D.C. and NYC? I mean, a 95% decline like that would be the end of the U.S. economy-- hell, the global economy-- riots in the streets, revolutions everywhere, mass death, etc... Is it your inner voice yearning for a cleansing that compels you to come up with this?
Oji
I'm giving gratitude to Mr Pedro for all of his help in securing our loan for our new home here in Fruitland. You were organized & thorough & professional, as well as kind which made all of the difference in our interactions with you. We put our trust in you and you most definitely came through for us. Thank you for your patience as well as treating us as people rather than just home loan customers. You stand above the rest, I want to recommend anyone here looking for loan or investors to contact Mr Pedro and his staff because they are good people with gentle heart,
Mr Pedro Email Contact : pedroloanss@gmail.com
Regards,
John Burley! Our hats off to you!!"
Post a Comment