Sunday, October 27, 2019
For My Own Reference Only
i want to answer Chinmayii's worry:
1929 and 2008, the global stock markets were all on the top. 2008 the leverage burden went to China. China's market ate it. This year who should take the burden, the American market, but the American market did not want to. Who wanted the whole world to take it. Yes, it did. You see only the American stock market on the top, not others. And also, Trump twitter is the indicator. i believed someone made a lot of money. Remember on 6/28, someone knew the trade war meeting would come out with a nice result before 6/28. Just right before 6/28, this someone made 20 billion dollars.
Bring back the issue, this time stock market will dump a lot but relax, only on the American market. Chinese market and European market are still on the lower level. There will be no global disaster. But definitely, the wealth will turn around.
FED will lower at 0.25 this coming week. Check the indicator, three times DOW on 27398, 27306 and 27120 on 7/16,9/12 and 10/15 respectively. One is lower than the next one. If DOW goes up the top (27398) or lower than 25300, i will sell out. FED lower down interest rates will give no effect.
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