You can make 10 rounds but one bad round could wipe you out for good
Similarly, when the going is good, even fools make money
There is no easy money; you need to do homework
Many are not able to last a year of slowdown, bland and uneventful economy and a stagnant market
2017 has been a fairly positive year but there are still blood on the streets
Going forward, will the stockmarkets correct, see a sharp fall & rebound (fairly painless)
Or fall sharply, sprinkled with dead-cat bounces before sliding further (very painful)
History tells some story:
1977/8 ~ energy crisis - Yom Kimppur War/Iranian Revolution
1987/8 ~ stockmarket crisis - Black Monday
1997/8 ~ asia financial crisis - Asia muddled in debts/Currencies depreciated
2007/8 ~ financial crisis - Subprime mortgages/Lehman Brothers
Will 2017/18 escape the claws of 10-year cyclical movements of events
Money is the denominator of all crisis
Whilst wars, political changes and calamities are incidentals & magnify the impact
Human are sacrificed as blood bleeds and greed grabs
The problems were never resolved and 'the can is kick down the road'
Every crisis gets bigger than its predecessor
Looking at the charts (tracking the past) and the emotional imbalances & disturbances
The time is ripe
According to the Guardian (Jan 2017), the world's eight richest people have same wealth as poorest 50%, that is, they are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.
Problems like US/NATO & Russia/China military gamesmanship, religious-centric refugees, shifting political partisanship, food scare and reappearences of olde diseases are just manifestations of inadequacy, injustice, elitism, greed and suppression.
The next crisis is near - November & December 2017 is not far away
It's not 'will it happen but when'
All are not 'Doom & Gloom' but this time, it will take a much longer time to recover
Is 18 months too long? No, it is the sufferings by the seconds that is
Cash is King
Gold is a more reliable currency
Good LUCK
Note
How did the war end the Great Depression?
The Depression was actually ended, and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment did decline at the start of World War II.Nov 30, 2013
Indices (23/10/2018)
DJIA 23,328.63
S&P 500 2,575.21
Nasdaq 6,629.05
STIC 3,347.02
World Indices (from shareinvestors.com)
| Name | Last | Change |
|---|---|---|
| Nasdaq | 6,629.1 | 24.0 |
| HSI | 28,321.9 | -165.3 |
| HSCEI | 11,484.0 | -74.4 |
| Jakarta | 5,958.5 | 28.9 |
| Nikkei 225 | 21,658.3 | 200.6 |
| SSE Comp | 3,381.4 | 2.7 |
| Shanghai A | 3,541.1 | 2.8 |
| Shanghai B | 352.9 | 0.0 |
| ShenZhen A | 2,095.9 | 4.4 |
| ShenZhen B | 1,204.8 | -1.4 |
| Taiwan W | 10,754.1 | 25.2 |
| PSE Comp | 0.0 | |
| KOSPI | 2,486.4 | -3.1 |
| FTSE 250 | 20,146.9 | +15.4 |
1 comment:
Global markets, in particular US, have been experiencing new highs. This is backed by,
fairly good corporate results.
However, the technicals are fairly stretched.
When sentiments swing to the extreme, it is not surprising that the market will crack (and fall).
The psychological sentiments will be the decider. The crack need not necessarily originates from US
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