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Full Version: US Market : Many Many red flags! Sell and get out before it's too late!
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Below is a screen capture of what I have been looking at.
Today there was a 2000pt drop of Nikkei.

2000pts is more than 5% in kne day. There are many problems with Japan unstable currency, weak economy and over valued market - it had a multi yr bull run with no fundamentals - just easy monetary policies legacy of Abenomics.

Now let's move to US market. I have been shorting various overvalued stocks like Nvidia and the Nasdaq. These are just trades to make some pocket money but  in doing so I observe the US market more closely....

1. Wild swings of stocks after earnings sometimes can drop 5% the shortly after that rise 5% without rhyme or reason.

2. Last Yr inflation was high market sold off because rate cut delayed. Now economiic data come it that favors more and faster rate cuts. By right, market should cheer this but go down instead. 

3. Look carefully at the Yuan USD rate just 1 week ago it was 7.28....now it move quickly down to 7.20...today alone a 0.40% move...what is going on?

4. 2 days ago Nvida plunged 10% in one day recover  the crash.  It shows that most of the trading is by specilative money.

To make a long story short :

1. Unlike what people had thought. The data that cause the FED to cut rates is also showing signs of cracks in US economy

2. By tbe time the Fed cut rates it is too latevto reverse an coming  slowdown/recession.

3. The fall in revenues of iconic companies like McDonald and Nike shows that consumer is cutting back and something is wrong.

4. The high volatility of. stocks show high level.of specilative money that can shift out.

For traders like me, I see chance to short and make quick money in tbe situation.

But for investors who don't plan to hold for the long haul...this is looks like last chance to get out before losses become substantial.

All my experience in the market points to big problems ahead for US markets ..

My warming on Nikkei and Japan was days before the massive plunge today and it does not look like the selloff is over for Japan still more to come


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Today's economic data and how the market respond to it can tell us if investors and traders are pulling out because they fear a recession.

If the market is not so sky high a recession will cause a small correction and life goes kn.

But unfortunately that is not the case ....this market has rocketed so high above normal, any problem in the economy will cause pain in the stock .market.
Surely got another group buy in cheap next week unload and profit
NUCLEAR WAR COMING
Kaka short and make millions. Opportunity hard to cum by
Nikkei futures just plunge another 1000pts..after dropping 2000. This means a drop of.ard 8% in one day...


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USD move almost one 1% down vs the Yuan....thus us the biggest  down move for a.long time
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(02-08-2024, 06:55 PM)sgbuffett Wrote: [ -> ]Today's economic data and how the market respond to it can tell us if investors and traders are pulling out because they fear a recession.

If the market is not so sky high a recession will cause a small correction and life goes kn.

But unfortunately that is not the case ....this market has rocketed so high above normal, any problem in the economy will cause pain in the stock .market.

Below is update of what happened when economic data release ....basically it shows US economy racing into recession.

Please beware.

https://www.cnn.com/2024/08/01/investing...index.html
This time he is correct hope next week he predict go up hor....
I just managed to sell my Singtel shares and made a bundle yesterday. So far never lose money buying this shares. The dividend yield is more than 4%, better than putting money in FD. Will buy back when it comes down more.
Fed cut rate means, Fed has lost the battle to bring down China economy lah.
No China big bank has gone bust so far.
Usually those monies pulled out will rotate to other sector or country. But last week seems all country markets are red colour. Maybe gold and silver ?