Deutsche Bank fears fading and markets are ending the week strong
Our conversation with Chris Temple today focuses on the moves in the markets. On the back of news that the DOJ and Deutsche Bank have reached an agreement to lower the $14 billion fine to $5.4 billion. This is easing some traders fears but the overwhelming fact is that there is a lot of liquidity sloshing around the markets.
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Markets change, Cory. next Monday will be different. investors are fickle and about to run scared. Deep down they know, by any rational, historic metric, normal stock markets are over-priced and will sometime revert to the norm.
Investors don’t know when that will happen. I, sure as heck don’t. But many are being vigilant, expecting a drop, and ready to jump off ship before being dragged under.
In the meantime, there is NOWHERE other than the stockmarket that gives any non-zero return. PMs are a safe harbor, maybe; certainly over long periods of time. But for folks who diversify, where else is giving a return on investment.? Central banks are destroying markets. They are driving people into stocks, but there is too much investment now, so volatility will probably increase as investors get more skittish.
It is time to change things. Central banks should be curtailed. Politicians must be heavily restricted.
I look forward to an Article V, Convention of the States to term-limit ALL Congress-Critters and Supreme Court members.
,
Re. Convention of the States. There is a lot of confused mis-descriptions and fears deliberately spread by the MSM.
A place to find the truth is convention of states.com and there is a 6-hour simulated, but real video on how it might work, which I will dig out and post.
See what changes could be made to the Constitution to restrict Congress and the Emperors at:
https://youtu.be/g0AHaenCUDA?list=PL8h4sleiAEjX18GAdTL0k4kHXgIY821P2
The potential results could put the U.S back on the right course.
Our founders thought we would have public servants for Congress, not corrupt permanent members. That’s why we were given a Federal Replublic, instead of a Democracy. They never thought a President could rule like a King over a corrupt, gutless Congress.
Corrupt and gutless.err
Oops, here’s the 6 hour video:
https://m.youtube.com/watch?list=PL8h4sleiAEjX18GAdTL0k4kHXgIY821P2¶ms=OAFIAVgB&v=vqqOVV4oRqI
The Dow continues to find fork support:
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=5&mn=10&dy=0&id=p21629870773&a=421704680
Guys, today is an object lesson of how BS news moves markets. It’s a big head fake IMO. The DB chart and their counter party GS chart are heading south!
The EM charts are looking like they are close to a big move up, which suggests the dollar gets hit and heads south.
We got big moves coming on everything real soon, no doubt.
When viewed without the moving averages or fork, the HUI:SPX pattern since April could be construed as a big top. I do not think it is ominous at all…
http://stockcharts.com/h-sc/ui?s=%24HUI%3A%24SPX&p=D&yr=1&mn=1&dy=22&id=p74666663870&a=444018808
The Dow remains remarkably unremarkable:
http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=1&mn=5&dy=0&id=p65159813265&a=433404534
as does gold and silver, only worse, much worse
You are wrong, James. You really should let someone else handle your money if you don’t think that 2016 has been remarkable for the gold sector.
For now the remarkable is over. ya never know tho, maybe we get some more remarkable.
I forecast some partial doubt combined with hope, interspersed with sickening dread, followed by remarkable, hope, and some ‘what do I do now?’ 🙂
That’s as good as any other forecast from economists and others.
Good forecast GH. That sums it up.
Deutsche Bank is saved.
They will take a little slap on the wrist.
Nothing to see here.
Now let’s get back to higher equity prices.
Nothing but a hiccup here.