dChan
Anonymous ID: a17f9f June 11, 2020, 1:14 p.m. No.9577464   🗄️.is 🔗kun   >>7631 >>7766 >>7809

Market Report

 

The numbers speak for themselves-DOW index well over avg volume-not so on the S&P. ….the dollar is trying to regain it's recent high of just over 97 from Monday/Tuesday when it was shedded on the contract open-Cap#4. Gold was fairly stable-only a marginal drop however silver shed about 2.73%-after a nice little intra-day head and shoulders-cap#3

Treasury yields have cratered since monday-Cap#5

Pepe warned you about this as long as several months ago and as recently as two days ago: this is NOT 2016 and not going to be the percieved "handoff" to Hillbags. They will not want a booming market going forward…this is what today was all about. The rise from the previous bottom has been on lower volume (just like all of 2019) and although a pullback is expected after the NASDAQ hit an all-time high this is someting different-the control structure putting the brakes on the POTUS euphoria associated with the fakey jobs #'s last week. THis is not POTUS' fault as this is the system (((they))) created. The system loves the FANGS stocks so it's no coincidence that they led the rise. All the while roasting short postions who made that bet on a purely fundamental basis-the entire time the big boi's added to their own short positions. As a reminder muh circuit breakers do not factor in the final hour or trading.

The excuse delivered for this drop is muh FOMC "gloomy" outlook-as if this was not known….doesn't take a rocket scientist to ascertain that the picture going forward was going to be les-than-rosey. But there you have it-always something other than what it actually is.

 

Here is an excerpt from Alhambra Investments via a ZH post

"What has been going on in markets over the last two months is the most glorious episode of human greed I’ve seen since 1999. I know there will be plenty who pooh-pooh that comparison but the speculative trading and the ignorance of those doing it is exactly the same. There are silly things going on, new “traders” doing stupid things and getting away with it because that’s what happens in the end stages of a bull market that has been going on for a decade. Hertz, the rental car giant, filed for bankruptcy on May 22 and its stock hit a low of $0.40 a few days later. Earlier this week it traded as high as $6.25. That’s a gain of over 15 times your money if you bought at the low. In 12 days. Did Hertz cancel its bankruptcy? Did Hertz get a last-minute rescue from the Trump administration? No and no. Hertz is still bankrupt. And my quick math says they have $19 billion in debt and maybe $15 billion in assets. The stock is almost certainly worth zero. And yet hundreds of millions of shares are changing hands every day.This is not investing. And Hertz isn’t the only stock fools are buying in hopes of finding a bigger fool to take it off their hands at a higher price. Chesapeake Energy was a penny stock and on the verge of delisting from the NYSE earlier this year before executing a 1 for 200 reverse split. Its unsecured bonds trade for less than 10 cents on the dollar. The stock tripled one day this week and at its peak had a market cap of $750 million. The stock is, like Hertz, likely worthless.This isn’t investing either.The IPO market is also heating up with 8 deals priced last week, two of which were SPACs, Special Purpose Acquisition vehicles or what we used to call blank check companies. SPACs have no business, offering investors a chance to participate in an acquisition of some operating company sometime in the future. SPACs used to be things hawked by penny stock firms but after a decade long bull market, they have become respectable, I guess."

https://alhambrapartners.com/2020/06/11/we-have-reached-the-silly-phase-of-the-bull-market/

https://www.kitco.com/charts/livesilver.html

https://www.marketwatch.com/investing/bond/tmubmusd10y

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://finance.yahoo.com/quote/%5EDJI

https://www.marketwatch.com/investing/index/dxy

Anonymous ID: a17f9f June 11, 2020, 1:25 p.m. No.9577550   🗄️.is 🔗kun

>>9577520 Former DEA Official Pleads Guilty to Elaborate $4 Million Fraud Scheme-justice.gov

 

notable

>To accomplish the fraud, Courtney approached numerous private companies with some variation of this false story, and claimed that the companies needed to hire and pay him to create what Courtney described as “commercial cover,” i.e., to mask his supposed affiliation with the CIA.