@swaggytraderOK, I see what you mean but the controlling forces you mentioned are quite infrequent (Plunge P. Team) or indirect (QT, QE) , as are many other market forces. I was talking more about traders and how they directly lead the session by buying or selling with volume.
I dont disagree with that at all. With the Fed removing $9B of liquidity per month, and with ETFs being eviscerated since late 2021 (look at Cathy Woods AARK ETF), Covid traders being wiped out, leveraged trading accounts getting margin calls they cant meet and getting closed, etc thats just a few of factors contributing to a tighter less liquid market.
Ha, I actually think all markets are farcical, because again they are a playground for the big fish, (banks, fundies, sophs, etc) who simply front run the market with volume in a direction to profit from wiping out long/short positions to which they have an inverse risk position. This is why the market conitnually does what you would not expect. This is especially lucrative now with so many young and inexperienced traders in the market (millenials, retirees sick of zero interest rates, Covid job losers, etc). All cashed up and willing to trade, even rubbish like crypto. Everything is rigged these days, and ASIC, or the US SEC, are just toothless tigers who flag wave. ASIC are well aware of the daily rorts going on in the ASX, but do nothing unless they get handed a case and all the work is done for them. In other words, dob someone in and provide enough evidence so their investigation is mostly already done for them..
Yes in the last few years, private and public debt levels rose exponentially.
But what do you mean? That because the global economy is in such bad shape, we wont see such strong bear rallies again? Im not so sure, the NAsdaq has had 3 legs down now, about 1/3 each time and recovered 50% of the leg each time. The way these bad news announcements (which is how I rate Powells speech yesterday) create upwards spikes is quite bizarre.
I agree a financial reset is due. Many analysts have been saying this for years. BRICS want to trade without using the world reserve currency , and Russia and China will make it happen. USD may lose reserve currency status. Putin has backed the rouble with gold. The rest of the world may have to follow suit to bring stability and stop all these stupid currency wars.
On a purely philosophical note, imo the world seemed to have everything much more right up until 1980. Then everything went silly, especially finance and feminism, but I'll leave that discussion for another day.
(20min delay)