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goofy

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14/02/18

08:20

Post #: 31037659
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Originally posted by Mosb ↑

I wouldn’t be surprised to see equities red either but to be calling a blood bath because futures are down a few ticks is over the top. We aren’t moving into GFC 2.0 here so stop worrying about S&P or DJU - worry about Tesla, batteries, SDV, things that are relevant to our story...

Yes global equity markets correlations went basically 1:1 in the sharp move lower but that’s already been and gone. Plenty have argued it was higher Treasury yields that started the sell off but it was more technical and flow factors that exacerbated it - largely the unwinding of inverse volatility products like XIV etc.

If you look at forward PE the U.S. markets aren’t actually stretched and with some of the exuberance removed they can grind higher from here.

Remember, this all started because of a good news story... A synchronised upswing in the global economy which allows central bankers an opportunity to finally remove the toxic QE punch bowl from the party..

Strong global growth = more demand for resources = tightening lithium market = $$$

Sorry I realise this is a chart thread but this is no different to pedciting SP movements based upon a 0.3 move in S&P futures or whatever..

Glta

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I never called a blood bath mate, I simply took action to protect some of my capital expecting more volatility which is still around seeing what happened in the US over night.

Everyone has a different plan when it comes to buying, holding and selling shares during times like this. No need to get upset about it.

Thanks for the lecture but I think your being dramatic.

GXY Price at posting: $3.44 Sentiment: Hold Disclosure: Held
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