JI
jimkane
Rep: 3,058
Posts: 33,089
I'll start it off. The big event this week is the Scottish independence vote. A yes vote (which I wish for more than I wish for S&P at 400, and you know how I live for that) would cause a 'wee bit' of volatility. But, alas, I think the odds of that are essentially zero. Why? 'They' don't want it, so the election, like ours with Bush/Gore, will simply be rigged. Now Catalonia, that's a different story. I think they will, indeed, split, but the markets will not react to that at all (or maybe go up a bit just to 'prove' it's nothing to worry about). I suggest being careful around that Scottish voting results time.
JI
jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Find the spot, get long, ride it to another new all-time high, cah-ching, lather, rinse, repeat. Pretty much day after day. Boring, but potentially extraordinarily lucrative, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz, boring, just hanging around, watching it set new all-time highs one after another, tick by tick. All I have to say are two words: management mode.
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES reopens, and... sets another new all-time high. Okay, I'll stop complaining that it's 'too easy'. I don't need more work, and although it's perhaps a lot more boring, I don't need more excitement.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is fun to watch. Another new all-time high. Imagine when the Scotland 'No' vote comes in, woo-hoo. What, up 20? 30? Maybe 50 in a few days?
JI
jimkane
Rep: 3,058
Posts: 33,089
Hey, look! Another new all-time high. This 'management mode' thing sure is fun.
JI
jimkane
Rep: 3,058
Posts: 33,089
Notice silver. It's back near that 18.185 low, only pennies away. There is a timing factor, too, that says something may happen. I'd guess a sweep down, then a big pop up, then we'll see? Just a thought.
JI
jimkane
Rep: 3,058
Posts: 33,089
Want a good laugh? Look at this. BTW, this will only be funny if you like to laugh at insane things.
http://www.zerohedge.com/news/2014-09-18/market-cap-168-billion-alibaba-bigger
http://www.zerohedge.com/news/2014-09-18/market-cap-168-billion-alibaba-bigger
JI
jimkane
Rep: 3,058
Posts: 33,089
Preliminary reports says Scotland stays with the UK, as fully expected. Yet all we have are tricking new highs, no big pop.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know there is zero point in me reporting all these new all-time highs, but I'm just hanging around, doing some chartwork, so why not.
There another new all-time high.
There another new all-time high.
JI
jimkane
Rep: 3,058
Posts: 33,089
I expect this will go on for some time, and once the 'No' voted is confirmed, I'd think it would be free to run, not that 'they' don't already know the results of their rigged election. I mean, 'they' have total control over the ballot box, and it's a close vote, so how is there any way to even suspect it isn't a legit vote? For the sheep, there is no way to suspect any shenanigans. They take it on faith. Faith in our honest leaders.
