I think it began in the 70s when Nixon took the US off the Bretton Woods system to fight off inflation. They staved off the inflation with exporting their manufacturing industry to East Asia. First Japan, Taiwan, Hong Kong, China, South East Asia, South Asia and other parts of low income Nations such as Mexico etc. They then went into decades of double digit interest rates to fight away the inflation genie. Now they have gone full circle and back to the position they were back in the 70s albeit in extremely worse condition. I am still gob smacked at their thought process and what they are trying to accomplish with this tariff war. What is their end game? is it WW3?
Financial Markets Around World
- Thread starter 4Runner
- Start date
broadsword
Brigadier
If NYSE stocks weaken again today, I think it is another buying opportunity. But wait for the afternoon session or toward the closing.
This goes to my collection as one classic double-top pattern. The tops look flatter in volume weighted average. It also follows classic Wall Street saying that topping is process while bottoming is points, which had been opposite since 2008 financial crisis which has distorted many things. VIX is going to be above 30 for sixth consecutive trading day. I expect GS and MS would be making a killing in the next few trading quarters.
I blame Yeung for him omitting the %. He apparently did not think of the dumbers and dumberers out there.