Quote:
Originally Posted by sammyg2
Yep, so far August isn't following the trend. It hasn't been exact but has gone through a change every 15 days give or take a few.
From 2010 to 2013 we saw a similar strange pattern in the WTO crude prices.
I commented on it in this forum IIRC.
it started at $70 and would go up $10/bbl, then drop 10. then go up $15/bbl, then drop 10.
It kept this up and gradually climbed to $110/bbl, before plummeting to $50.
I saw that as strange and believed at the time the market was being manipulated by commodity brokers working for the Saudis who were buying fictitious futures contracts that were never delivered or taken possession of, but that were withheld supply from the market which drove up prices.
I watch market trends not to trade or make investment decisions, but to see if I can sense manipulation. Yes, I believe that the market can be influenced by the big boys at wall street and especially by the playas on the New York Mercantile Exchange and that they actually do that from time to time.
I try to spot evidence of it.
My tin foil hat is held on with a chin strap.
|
Nobody is in control of a GD thing. They can try. But it don't work. The law of unintended consequences apply.
Even a consortium of the world's Central Banks could do no more than put the economy on life support.
Since PEOPLE are the traders in markets those markets trade upon the vagaries of human emotion. We all know how fickle human emotion can be. No rhyme nor reason.
But there is a common herd like sentiment that runs through the collective. Figure out how to read that collective sentiment and you might have something.
Right now the herd is worried...that ole SP500 stalled out at 2852, not quite getting there (a lower high). The base line worry is how will the economy react in the face of a trade war. TRUMP HAS TO START PUTTING SOME OIL ON THE WATERS. Then we come to Turkey with its plunging currency which might spread to Europe causing a chain reaction. Because the whole shyte house is a fking house of cards and everybody with a fking brain knows it.That is what the herd is feeling.
Longer term the herds confidence in the FED guarantee of a continuing activist policy holds steady. That as I pointed out in 2012 is the reason for the continuing Bull market in equities. History has proven out that contention. That is the reason why there has not been any sustained correction in equities since 9/12.