Friday with Mr. T
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In the UK BBC journalists are acting increasingly shocked and angry that UKIP keeps getting more and more votes with every election – after years of BBC types making snide rubbishing comments about UKIP and the people who vote for them.
Why? Well, the BBC is full of people who are at the left end of the political spectrum – some would say the far left. They live in their own smug, self-reinforcing world where only their world view matters.
It therefore comes as a shock to them when minor things like elections get in the way of that smugness and the people get a chance to show their feelings.
It sounds like the same thing is going on in the US. Those with access to the US media, or who work in the US media, seem to mostly hate Trump but the man and woman in the street is probably going to shock all the journalists come the November election.
JNK looks like it’s going to get clobbered in the next week or so. Then comes the conventional markets. Soon to follow…
Good political comments, Chris. Probably cause I agree.
Most likely, Chartster…high yield rally is probably over. Moody’s forecast of global default rate moving higher to 5% is perhaps finally being digested by markets.
It’s looking that way Chartster.
G.S. thinks the S&P will bounce off 2040 and rally to new highs, but many signals are pointing to a breakdown in the general markets S&P, Dow, Nasdaq, and Russell 2000.
Now there’s some beach front property in Vegas😉
I shouldn’t asume. Was that Gary, or Goldman Sachs? Don’t know G.S.)
The markets to new highs won’t be anytime in the near future. Those aged individuals have seen the all time highs. We are years from seeing 18,300 on the Dow. Years..
This market continues to feel weak to me folks.
It tried an asthmatic rally earlier on but looks like it is heading lower again now, (OK, you can all see that 🙂 ), but I feel it would not take much for this is turn into another January or August.
S&P is losing its 50 dma for first time in about 10 weeks.
It may recover it near the end of the day.
Nay.
Chris was saying something like “you better hope investment demand for gold holds up because demand for physical in China and India is in the ‘crapper'”.
But all these years, when demand for physical was high in those places the price of gold kept dropping. Now demand is low and the price is going up. It looks to me like gold building a new, higher base in the 1260 to 1280 range, just as it did in the 1220 to 1260 range before. At the moment it looks like the classic wall of worry.
Physical demand seems to have rather less to do with the price of gold.
A new way to invest in gold 🙂
http://www.marketwatch.com/story/this-ramen-costs-180-a-bowl-because-it-has-gold-in-it-2016-05-13
Well said chris regarding the mainstream media which is part of the establishment and donald trump.They are trying to demonize him because he goes against their interest.They start with character assasination and if that does not succeed and he is ultimatley elected the chances are that he will be assasinated like kennedy was.Having said that donald trump legacy will not be long because by the time that he is elected the us economy would be in dire straits and he would be forced to go back from his promises like the cut in corporate tax.He is gonna take the burden of all the bad policies that were enacted under former legislations.He is gonna pay for the mistakes of others.
As an aside note The Federal Reserve should not be allowed to use the resources of The Federal Reserve Banks for the creation or extension of speculative credit. Banks should not be in the business of anything other than taking in deposits and lending out money to qualified borrowers. DT
Chris nails the facts.
The greatest con job of the 21st century: “Donald Trump is not part of the establishment.”