Why DLS is so Under Valued, page-14

First 14 Last

Share
Profile

Follow
eshmun

11,185 Posts.

2609

05/09/15

18:58

Post #: 15942021
Share

Originally posted by eshmun ↑

Autosime,

I've developed a US banking market crash seismometer tool that I blog about on another site.
It measures the gap between 8 large banks and the S&P500 on monthly periods and I've collected the data back to Nov 1997. The monthly periods I use end on the 20th of each month and I haven't updated my charts since July 2015. I'm pretty sure that up to the 20th of July 2015 there was no exodus from banking stocks in the US as they were leading the index higher coming into August. I'll update my charts for August and repost them for you but I'm also pretty sure there were no signs of US banks being overly sold up to 20 August 2015. The up shot being, if the banksters have got out of the market they haven't got out of their own businesses in any big way. The current turmoil has come on very quickly. In the months prior to the worst of the crash in 2008 my charts show a lot of "seismic" activity. If August/September are leading us into another crash it doesn't look like the last crash which happened with far more warning and unfolded over many many months. I'm watching for the 1800 level on the S&P500 and the 1550 level on the DJIA to be breached as a sign that the markets are too far gone. These levels are about 15% below each indexes all time highs. It wouldn't take much to get us there and the Fed is literally playing with fire if it pushes the button on the rate rise. That's why I think it won't happen.

Eshmun

View attachment 93539 View attachment 93540

Expand

Sorry that should read......the 15500 level on the DJIA

DLS Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

NIS

Aurum Resources bumps Boundiali gold project tenement stake to 80%

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 8 more messages in this thread...

First 14 Last

Add DLS (ASX) to my watchlist

Why DLS is so Under Valued, page-14

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Aurum Resources bumps Boundiali gold project tenement stake to 80%

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up