On Monday June 23, 2014, excluding the Precious Metal Mining Stocks, GDX, GDXJ, SIL, SILJ, all forms of fiat wealth, World Stocks, VT, Nation Investment, EFA, Global Financials, IXG, Commodities, DBC, and Aggregate Credit, AGG, traded lower, causing the world to enter into the final phase of the Business Cycle, that is Kondratieff Winter, providing the perfect short selling opportunity of selling from an equity market top, more specifically an Elliott Wave 5 High.
The National Bank of Greece, NBG, and Chinese Financials, CHIX, led Global Financials, IXG, lower.
Solar Energy, TAN, Biotechnology, IBB, led World Stocks, VT lower
Gold Miners, GDX, such as EGO, Junior Gold Miners, GDXJ, such as ANV, Silver Miners, SIL, such as SLW, and Junior Silver Miners, SILJ, such as SSRI, traded higher, manifesting a blow off market top, in the Precious Metal Mining Stocks; these are no longer a viable investment opportunity.
Gulf Dividends, GULF, European Small Cap Dividends, DFE, Global Utilities, DBU, Global Real Estate, DRW, International Small Caps, DLS, China Dividends Excluding Financials, CHXF, Japan Small Cap Dividend, DFJ, Emerging Small Cap Dividend, DGS, Emerging Market Value, EVAL, and Dividends Excluding, DTN, led Yield Bearing Sectors, lower.
Natural Gas, UNL, UNG, and Oil, USO, led Commodities, DBC, lower.
While Junk Bonds, JNK, traded to a new all time high, the 30 Year US Government Bonds, EDV, led Aggregate Credit, AGG, lower.
The US Dollar, $USD, traded lower to close at $80.33 as the Canadian Dollar, FXC, traded to a new rally high, taking Commodity Currencies, CCX, to a new rally high.
Doug Noland described money manager capitalism as being characterized by wildcat finance, where bankers waived magic wands of credit creation. The new normal economic experience of regionalism will be one of wildcat governance where regional fascist leaders warn with clubs of debt servitude.
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On Monday June 23, 2014, excluding the Precious Metal Mining Stocks, GDX, GDXJ, SIL, SILJ, all forms of fiat wealth, World Stocks, VT, Nation Investment, EFA, Global Financials, IXG, Commodities, DBC, and Aggregate Credit, AGG, traded lower, causing the world to enter into the final phase of the Business Cycle, that is Kondratieff Winter, providing the perfect short selling opportunity of selling from an equity market top, more specifically an Elliott Wave 5 High.
The National Bank of Greece, NBG, and Chinese Financials, CHIX, led Global Financials, IXG, lower.
Gulf States, MES, Greece, GREK, and China, YAO, led, Nation Investment, EFA, lower.
Solar Energy, TAN, Biotechnology, IBB, led World Stocks, VT lower
Gold Miners, GDX, such as EGO, Junior Gold Miners, GDXJ, such as ANV, Silver Miners, SIL, such as SLW, and Junior Silver Miners, SILJ, such as SSRI, traded higher, manifesting a blow off market top, in the Precious Metal Mining Stocks; these are no longer a viable investment opportunity.
Gulf Dividends, GULF, European Small Cap Dividends, DFE, Global Utilities, DBU, Global Real Estate, DRW, International Small Caps, DLS, China Dividends Excluding Financials, CHXF, Japan Small Cap Dividend, DFJ, Emerging Small Cap Dividend, DGS, Emerging Market Value, EVAL, and Dividends Excluding, DTN, led Yield Bearing Sectors, lower.
Closed End Funds, GCE, traded lower.
Hedged Equity ETFs, traded lower. HEDJ, DBBR, DBEM,
Natural Gas, UNL, UNG, and Oil, USO, led Commodities, DBC, lower.
While Junk Bonds, JNK, traded to a new all time high, the 30 Year US Government Bonds, EDV, led Aggregate Credit, AGG, lower.
The US Dollar, $USD, traded lower to close at $80.33 as the Canadian Dollar, FXC, traded to a new rally high, taking Commodity Currencies, CCX, to a new rally high.
Doug Noland described money manager capitalism as being characterized by wildcat finance, where bankers waived magic wands of credit creation. The new normal economic experience of regionalism will be one of wildcat governance where regional fascist leaders warn with clubs of debt servitude.
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