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Monday Morning with Chris

Big Al
August 22, 2016

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Discussion
11 Comments
    Aug 22, 2016 22:43 AM

    Very good eye opening comments today, Chris. I think what you are hinting to ( without putting words in your mouth ) is a liquidity trap looming. The battle of the western world and the east ( China and Russia vs the west ) could create a big liquidity trap.

    I would like you to expound on the money market rules and regs. Deversafication is paramount right now. The charts in the west look really weak, while some emerging markets are breaking to the upside of a long term downtrend line.

    Aug 22, 2016 22:47 AM

    Unless the goal is to ruin damned near everyone the current zero interest rate and manipulated metals price policy doesn’t make sense. If I were in charge I would reset precious metal prices at the ounces/ world economy exchange rate for each metal, cap real estate prices at 3 years pay at minimum wage and set income tax rates at 10 to 15 percent and use the printing press to retire debt when needed and not contract more debt. One idea might be to have a treasury bond for taxes owing swap.
    Wealth creation, savings and debt redemption comes from production and not from inflating government debt and real estate prices. Debt and the cost of living has exploded but too many have not been paid or paid enough to make a difference.

    CFS
    Aug 22, 2016 22:21 AM

    Mr. Temple, there is a difference, as I am sure you are aware, between Marathon oil,MRO, and Marathon Petroleum, MPC. Although both stocks may decline in a general stock market decline, I would MRO to decline more than MPC, since MPC derives its profits from both refining and other sales, which are less tied to the price of oil itself.

      Aug 22, 2016 22:30 PM

      Good clarification — I intended Marathon Oil (MRO)

    Aug 22, 2016 22:44 AM

    Look at the conventionals – absolutely exhausted. No energy to go higher.

    Oil is turning down because even the most optimistic have to begin to realise that the world is awash with oil. A glut of oil and little demand.

    I think a waterfall decline in conventionals is only a matter of time.

    Aug 22, 2016 22:05 PM

    This looks like a good time to bet against stocks:

    http://schrts.co/vNKOV5

      Aug 22, 2016 22:12 PM

      Indeed. That fork sure adds some perspective. Thanks for posting.

      Tad
      Aug 22, 2016 22:13 PM

      Yeah. Nice one Matthew.

    Aug 22, 2016 22:46 PM

    We all have to wait until Friday and Jackson Hole to see what to do – crash or soar… or blah!

    Matthew’s chart looks scary. If that goes down it will surely take every thing else, PM stocks and oil stocks, down with it as people liquidate to pay back on margin.

    I think Yellen has to come out with a very powerful speech to support the markets on Friday. Any dithering and we could see a heck of a correction next week.

    Aug 22, 2016 22:45 PM

    Sharebuilder.com was bought out by Capital One a few years ago. I have a non IRA account and an IRA account with them. When they took over, they gave acount holders the option to convert all cash into a bank account. I could have left it all as money markets, but thought having it insured by the FDIC was a better option. These two accounts of mine don’t exceed $100,000 (or $250K whatever the amount is).