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Has the Bull Market lost it's luster

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2 years 2 weeks ago #117229 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Ron the rise in Libor rate probably effecting US rates. Looks to me the CBs losing control.
The chain-reaction from the Libor spike is global. The Bank for International Settlements warns that the rising cost of borrowing in dollar markets is transmitted almost instantly through the global credit system. "Changes in the short-term policy rate are promptly reflected in the cost of $5 trillion in US dollar bank loans" Goldman Sachs

"The Libor rate is one of the few instruments left that still moves freely and is priced by market forces. It is effectively telling us that that the Fed is already two hikes behind the curve," said Steen Jakobsen from Saxo Bank.
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2 years 3 weeks ago #117197 by RonS
RonS replied the topic: Has the Bull Market lost it's luster
S&P 500 churning, not sure where to go

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2 years 1 month ago #117160 by RonS
RonS replied the topic: Has the Bull Market lost it's luster
Repo rates up some again early Wednesday

The interest rate on repurchase agreements, in which banks and bond dealers use U.S. Treasuries and other securities as collateral to raise cash from investors, was last quoted at 0.66-0.70 percent, compared with 0.60 percent late on Tuesday, according to ICAP data. (Reporting by Richard Leong).

www.reuters.com/article/usa-moneymarkets-idUSL2N1CB0FJ

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2 years 1 month ago #117104 by RonS
RonS replied the topic: Has the Bull Market lost it's luster
Earlier today, the Bank of Japan kept its negative interest rates unchanged following its regular monetary policy meeting Wednesday. However, the BOJ said it is now targeting its 10-year government bond, wanting to keep its yield at zero, and it said it will continue buying as many government bonds as necessary (quantitative easing).

Why would anyone put their money in a bankrupt country, when the only one that buys the Government bonds is the Government themselves by printing money. This is insanity and is going to end very bad. It will make 2008 look like a walk in the park

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2 years 1 month ago #117098 by RonS
RonS replied the topic: Has the Bull Market lost it's luster
More signs that the Bond market is showing some cracks

U.S. Treasuries Here is how Peter Boockvar summed up the situation: In case you didn’t see, on Friday at 4pm the Treasury International Capital flow data for July was released and it continues to be a big focus of mine. For a 4th straight month foreigners were net sellers of US notes and bonds. They sold a net $13.1b in July which brings the year to date level of selling to $156b which compares to net selling of $20b in 2015, net buying of $165b in 2014, $41b in 2013 and $400b in both 2011 and 2012. This level of selling is unprecedented going back to when data collection started on this in 1977…

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2 years 2 months ago #116914 by lynnsa10
lynnsa10 replied the topic: Has the Bull Market lost it's luster
Have a look at this video with Swanson and Skarica, they talk a lot about the bond market effecting the Friday sell off. It is almost a hour long video but the bond part is in first 20 minutes. Some good comments too on corporate stock buy backs while Insiders are selling.

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2 years 2 months ago #116907 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Looks like the stock market might have taken it's cue from the bond market. 30 year Bond started to head south around 10 - 11am Friday and stocks followed, you can see on the chart here the 30 year broke support at 168 - 24 and kaboom!!!

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2 years 2 months ago #116901 by RonS
RonS replied the topic: Has the Bull Market lost it's luster
Thanks for the comments, the market has very poor fundamentals to be at these levels, 4 or 5 qtrs a row in earnings decline, retail sales flat, the PMI coming down as mentioned here. Job numbers mediocre at best and need birth death rate padding.

Apple, a market leader the stock is in a bear market trend

I expect the S&P to come down to at least 2050 - 2100 for first support

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2 years 2 months ago #116898 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Yes great call Ron, markets really had no fundamental support to be so high

Talking heads blaming Korea and Germany, certainly can never be anything wrong in the great USA


www.reuters.com/article/us-global-markets-idUSKCN11F02H

Geopolitical jitters added to the sour mix after North Korea conducted its fifth and biggest nuclear test and said it had mastered the ability to mount a warhead on a ballistic missile, ratcheting up a threat that its rivals and the United Nations have been powerless to contain.

German exports fell sharply in July, shrinking the overall trade surplus for the fourth consecutive month - something not seen since 1992 in the euro zone's largest economy.

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2 years 2 months ago #116897 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Wow Ron, your chart of the day a couple days ago called the market top bang on

www.playstocks.net/index.php/market-trends/chart-of-the-day

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2 years 2 months ago #116895 by Gambler
Gambler replied the topic: Has the Bull Market lost it's luster
Very interesting chart, you can find the comments here
www.kimblechartingsolutions.com/2016/09/...imble+Blog+Posts+RSS
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2 years 2 months ago #116633 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
This is not what you see in a strong economy. The oil price decline is suppose to be over all positive and that did not help either. To me just must be too much money with no place to go so flows into stocks and Gold

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