Fundamentals just don’t matter for the markets anymore
The market continue to be dominated by central bank comments and expectations as well as political news. Yesterday and today are prime examples of the short term moves that can happen on expected and unexpected comments.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to share his thoughts on these crazy markets and how fundamentals just don’t matter anymore.
Click here to visit the Benzinga webisode and listen to the recordings of Joel’s show.
I guess if you’re a trader you have to follow Trump’s tweets closely !
After 50 years or more of Democrat failure in Baltimore, Trump is going to work on the problem…..
Not only do you have to follow Trump’s tweets, because the press does not cover Trump execpt to be negative, you also have to follow press conferences.
I remind folks that while I post yoube videos, you can always speed them up.
I rarely watch them ar a speed less than 1.5 X regular speed.
The reason I post the youtube videos is simply that Legacy media cannot be trusted to report news accurately.
For the 5% who actually watching some of the Democrat Presidential debates….
Did you notice how many of the questions were phrased in a push-poll technique ?
i.e. the questions themselves were phrased by the moderator in a propaganda way – in order to change the perceptions of the general of the general public.
Did you know the DOJ has received the classified pardons given to Hillary Clinton and many others by Obama for her insecure server ?
If you were expecting prosecution for this, there is significant difficulty, legally.
There is some leaking of these “immunity agreements.
https://youtu.be/GEvT5cI3puE?t=13
Ira’s metals
Ira’s end of day
Sorry but I wouldn’t give this man any of my funds to manage. He’s going to get his head handed to him one day in the near future. Sounds like his plan is just ‘buy’ and then buy some more………..he loves the bubble because it’s there but does he understand it????? Hardly. JMO