uvrnk lucky7 May 2021 16:28
impossible to forecast either iron ore price or the fxpo sp but the former relies on the amazing doings of china, which may include deliberate stockpiling to spend their depreciating dollars., if the long delayed smash of the dow arrives no doubt all will suffer big but I think fxpo will go down less certainly not to £2. I cant quite believe the current constant upwards creep in the sp -find myself selling £5k nearly every day. I am in the habit of shorting the dow and s&p. generally have a torrid time for a few weeks then saved by a sudden drop. swear never again but it goes to even more crazy tops......
I do not recommend as nothing whatever is genuine in USA and I am relying on some earth shattering event to bring some reality. There is big inflation- read Wolf Street- but their cpi shows 1.6% - food energy not included , the rampant housing rents ignored except for some daft tame house owning survey , thousands of hedonistic adjustments, cars didnt increase in price over 20 years ! see wolf ST you wont see it discussed in America.
someone said wow the brilliant results beat expectations. expected by who ? they use forecasts to show how great things are but when earnings near they quietly reduce them to ensure beats. none on media if they are gloomy. the people on bloomberg pay to be on-to get folks cash , invest it and take their 5% and then the Robinhooders 20 year olds using their free cash to buy stawks , no stamp duty or commission have changed the market. they think it is a one way bet and of course it is !!
yesterday ,there was a smallish beat on the weekly unemployment claims, went from down to 300+up half in the last half hour as usual . Today the more important monthly jobs report was a disaster so short small dip but look now up 180. neither a lender nor a shorter be., even if FXPO and silver are more than covering the losses.
last 2 years I had torrid times with the ludicrous Tesla sp even forced to bet up sometimes .this year got my own back, so still hoping, the clueless youngsters need the shock of their lives and soon. At least I didnt short the crypto picture of a dog dogecoin. was started as a joke but increased by 12 just this year. How does one get the right mentality lol