The fundamentals are still not sound, and the banks have many more hundreds of billions in write offs to go. The peak in the amount of Adjustable rate Mortgages is not until next year. That means much more bad news for the Banks and property values.
Thanks Derek. Hope it got warmer in Canada. Still “out” of stocks and using patience theory. Mkt’s either going waayyyyyyyyy up or wayyyyyyyyyyy down. Be interesting to see what happens this week. Ciao!
Bond yields are going up because the risk is getting higher. The risk is higher because the fundamentals are unsound. Bond yields will decrease when there is less risk and the fundamentals are more sound. Okay.
But there isn’t enough money to pay off the bond obligations. It doesn’t exist.
The printing of more money will cause inflation.
Inflation is bad.
The future doesn’t look rosy.
Please, everyone, it’s hot and tired, and maybe I’m not thinking clearly, but what do you think?
May 21st, 2010 at 2:48 pm
The fundamentals are still not sound, and the banks have many more hundreds of billions in write offs to go. The peak in the amount of Adjustable rate Mortgages is not until next year. That means much more bad news for the Banks and property values.
May 21st, 2010 at 3:18 pm
I did really well today in the market. Ive been trading for 14 years but day trading fulltime for 3 years.
Im thinking of doing my own videos. I enjoy watching Youtube videos a lot and thought I should contribute.
Keep up the great work D.
If anyone has any market related questions, PM me and i will get back to you.
May 21st, 2010 at 3:37 pm
Plunge protection team
May 21st, 2010 at 3:56 pm
What is PPT? I forgot, I know it has something to do with some kind of president protection of the stock market crash of some sort.
May 21st, 2010 at 4:51 pm
Thanks Derek. Hope it got warmer in Canada. Still “out” of stocks and using patience theory. Mkt’s either going waayyyyyyyyy up or wayyyyyyyyyyy down. Be interesting to see what happens this week. Ciao!
May 21st, 2010 at 4:56 pm
thanks for the video. whats your opinion on silver long. i got in at 14.00
May 21st, 2010 at 5:46 pm
PPT came in again and pushed the SPY up the last 5 minutes
May 21st, 2010 at 6:25 pm
that is a great answer.
The bonds didnt do much and the S&P500 on SPY closed above a rising VWAP, meaning 1% was the loss had that play been done.
May 21st, 2010 at 6:41 pm
Bond yields are going up because the risk is getting higher. The risk is higher because the fundamentals are unsound. Bond yields will decrease when there is less risk and the fundamentals are more sound. Okay.
But there isn’t enough money to pay off the bond obligations. It doesn’t exist.
The printing of more money will cause inflation.
Inflation is bad.
The future doesn’t look rosy.
Please, everyone, it’s hot and tired, and maybe I’m not thinking clearly, but what do you think?
May 21st, 2010 at 6:50 pm
gone for sandwiches. thanks.
May 21st, 2010 at 7:43 pm
1st view