@Forged Please see yesterday afternoon's Post 16867477 which called all this, step by step (along the lines you observed, above) ...clearly it could change tonight......
In reply, Yes, but only partially for GOLD (i.e. not as much one - like me - might wish), but yes, also read my signature. It's there for a reason.
It's also true that falling commodities (all of them, not just Oil) and slumping global trade are really a symptom of something much larger and not the cause, but that's another discussion.
Equities now following oil for months now, not the Fed (we'll see if the Fed matters this week). My observation for several months now is that all news which was previously (for most of 2015) judged exclusively thru the lens of "how will this impact the Fed", and the bizarre follow on...which was---> ("good news" = Fed might hike = bad for stocks, SELL, and vice-versa = Alice in Wonderland). This seemed to stop before the recent hike, when good news became good news and vice versa.
P,S I don't give a Shiite about the DOW, I've said this all over the place...it's unrepresentative (only 30 stocks), badly skewed, due to its fixed point weighting / dollar rise/fall methodology, and it contains quite a few laggards... The world watches - and trades the S&P 500 (the global US equities benchmark)...also, for those, interested in equities , I suggest looking at the the beaten down small caps (not micro, like on HC), but like $RUT. Both (see below) are in the Seventh Circle of Hell.
For those who DO love Dow Jones and Co., better off looking at its neglected twin sister:. the Transports (and the other half of DOW Theory, for those who want to go there).
For some reason no-one ever responds to me on this Forum, never a "Like", nothing. Once for the cartoon of a Dead Cat Bounce. I'll look for more cartoons. Post 16854825, so I rarely Post here any more.
Various US Indices at close , also HY Debt (watch carefully...of special relevance re US Energy sector collapse), VIX , one ETF (Biotech) = 12.
. Once for the cartoon of a Dead Cat Bounce. I'll look for more cartoons. Post 16854825, so I rarely Post here any more.
