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  2. I agree on shorting australian banks! As a hedge. While owning ecommerce, egaming, online advertising companies I dont agree that the last bear has given up. In january i warned with many posts on the "armstrongs writings" about a crash and i sold all my stocks which was 50% of my portfolio and went to cash. Me, Marty and most macro guys i watched, agree, this isnt over yet as many will go bankrubt and many will stay unemployed and tax income will fall so taxes get raised. Also ALL young people i talk to in europe think its the fault of the rich and we need to take their money and save the environment. And CEOs are only there to steal money. And politicians are representatives of god and their only job is to handout money which they steal from the rich. So.....nothing will be fixed in europe ever. England is tipping one toe into weimar republic zimbabwe hyperinflation printing, so clearly thats the only way out they see. The problem is, they can provide liquidity to people but NOT PROFITS!
  3. well what do you want for gold and silver? The 2nd level (i believe) gives you this detailed analysis: (bitcoin) REVERSAL SYSTEM OVERVIEW Employing our Reversal System, our next Weekly Bullish Reversal to watch stands at 1029810 while the Weekly Bearish Reversal lies at 907490. This provides a 11% trading range. Turning to the broader Monthly level, the current Bullish Reversal stands at 993743 while the Bearish Reversal lies at 584590. This, of course, gives us a broader trading range of a 41%. Immediately, we closed the last session trading at the 958000, which is below this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal a rally is unfolding. Right now, the market is trading some 6.97% beneath that level. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- So if you wanted, you could use this to always buy upon elected monthly or weekly reversal like trend following If you have a couple of stocks, you could use this to sell them when a monthly bearish reversal got elected. if you get the premium subscription for a market, djia or asx or gold, that will need a decent size portfolio to be worth it. Then you get the nice visual reversals and can look for gaps and can trade in and out with stop loss, can see how the weekly and monthly line up. And get the timing arrays which you see on the blog often. And you see how many reversals were elected recently to get an idea how far into a trend we are already. Also, this highest tier gets a bit different private blog posts, bit more technical. I attached an image of the highest pro level how it looks. on very volatile things like bitcoin, silver, amazon, best is weekly reversals On very sideways stocks or with erractic swings its best to use monthly level.
  4. Yeah the riots here have pretty much finished the whole covid masks and distancing thing. At least the protests here in Montreal maybe 90% of people had masks on and there were people with hand sanitiser wandering around (and things didn't get too silly afterwards). We currently have a small humpback whale in the river here. We are roughly 750km from the sea. Basically I have given up trying to make plans further away than "what is for dinner". 2020, just keeping us on our toes
  5. Social distancing as practised is no more practical than Dianetics. Would you like an audit? I respect the wishes (fear) of other people but have no personal concerns. I am livid there are no gigs and I can't travel. I will be applying for an exemption but have no idea if it will be granted.
  6. Went to a pub in Canberra on Saturday night. 20 people per area was the law. We had 40. Social distancing was for other people. One fire lit inside and the other out. It was freezing so folks just gathered. Though fair enough this was pissed people. It's how I expect the laws will be respected at work. There's going to be the insistent that have to be at a meeting and violate the lift recommendations. Others who are just stupid. It's going to be a sh*t fight.
  7. Owwww!!!
  8. The economy in Australia has been hammered, there's perhaps a lag but it's bad. Construction industry will drop off substantially later in the year. Travel and tourism is dead. If borders don't open the "education sector" will be whacked. Hospitality and entertainment sectors will have venues permanently closed. China may impose more tariffs. Then there's the debt, both public and private. Where's the debt growth coming from to keep the Aussie dream alive? Sentiment is the key, we'll need to pull out the Reject the Recession dancers again. But I don't see companies rushing to hire, and from my experience in the first three months of the year is that opportunities evaporated like mist and may not pop up again. Although I've been hanging out for mega bargains and they haven't come yet. Maybe EOFY will be the time.
  9. Earlier
  10. Flat bottom girls they make the woking world go round.
  11. The suburban economy will return to normal once pubs, casinos and pokies open. Tourism will remain in trouble. It's a real intersection between border regulations and the survival of big tourism in Australia. https://www.brisbanetimes.com.au/business/the-economy/bean-counters-believe-nation-can-dodge-depression-but-no-sharp-rebound-20200529-p54xq6.html#comments
  12. In Brisbane I would have long ago. Not sure what the current rules are though. The restaurants and pubs here are packed to the now permitted 10 people.
  13. Not sure what the sentiment is in Australia but here we are thinking of starting to train again; no contact, no yelling, all in masks, a small group (none of whom are really targets) etc. Even so only 20% of the club are even considering it. The rest certainly aren't going out in public, restaurants etc. You can throw all the money in the world at a problem but if the customers actually believe things are serious they ain't spending. Montreal has kind of f*cked up so far (mostly for the old) and I think the risks are actually in most peoples minds. Restaurants etc are probably screwed. Australia I doubt any of you guys even consciously know a person that has had the virus and the media seems fairly self congratulatory so I guess so long as it stays away you might be fine as there is no consumer fear yet.
  14. It does make you question how bad the forecasted economic downturn will actually be? The debt has been ratcheted up for sure - but given the 60 billion underspend maybe it's a V rather than a U after all? If the rally in banks shares this week is indicative then maybe.
  15. I wonder if anyone has pointed out that being fat isn't contagious. Let alone that it seems to be a merkin' birth right. The bit about the preppers is hilarious. Contrarians no doubt.
  16. I'd like a wok but a lot of places we go have electric or induction cook tops. I hate flat bottom woks and electric is not even worth bothering with for a wok in any sense outside of being a funny shaped fry pan. I think I am going to add a grater to my list I bought a cheap one here and do use it at least twice a week and there is no other replacement I can think of for it.
  17. The poor are out spending their stimulus job keeper and seeker payments, et al. A lot of working poor and welfare recipients have had a large jump in income. I had to go to a large shopping Centre in a low so area at 3.30pm yesterday and 9am today. It was like xmas yesterday and at 9 this morning it looked like a busy saturday.
  18. Not yet. Today's update in strategy was to say that it doesn't even kill as many people being fat does. Assuming they mean heart related death (US ~650K p.a.) that means they bloody well skipped cancer (600K) and accidents (170K) as they worked up the list. I think that might be because even the dimmest of them has a sense that 100K deaths in 3 months (currently under counted by about 50% I'd guess based on excess death stats for the leading US states) is actually starting to get close to threatening that number. One of my US'ian friends did point out it was amusing that of all the people to start breaking quarantine it was the preppers. The exact scenario they have been planning for and spending their time and money on and they can't stay inside for a couple of weeks. heh.
  19. Prediction: Queue the revisionists that knew way back when that the country should never have gone into lockdown. That the damage to the economy is due to a lefty conspiracy to achieve one world government. It's time to free the country! They are coming very soon. Once they have opened their own bunkers and ensured their own safety - they will be letting you know what's what.
  20. Yeah pretty much. Then ran home to sh*ttweet about how "Biden looked weak wearing a mask. And isn't it weird that Biden wears a mask in public but not in his basement".
  21. Did he do it in his usual bored monotone? He's usually pissed off when he can't unload on some poor bastard.
  22. You won't get help during a bushfire. But a housing crisis - watch the manna rain down from the heavens...
  23. Trump did a memorial day speech. He stayed on script throughout. Was weird. 12 mentions of the flag in 12 minutes which feels fairly standard for 'merkin speeches. Focussed largely on dying for the flag. "For as long as our flag flies in the sky above, the names of these fallen warriors will be woven into its threads. For as long as we have citizens willing to follow their example, to carry on their burden, to continue their legacy, then America’s cause will never fail and American freedom will never ever die." Just wish someone had told him he doesn't need to kill off more Americans to make more flags.
  24. If he is actually taking it? I doubt it. He has bought some stocks and hopes to make a profit. Probably. People are now wargaming the options that this creature has for disrupting the elections if it looks like he's going to lose. Refuse to hand over power - delegitimise the results Call a state of emergency to prevent polling booths opening in inner city areas of swing states due to the second wave of infections Postpone or cancel the election Something else He is already threatening to withhold federal funding to states which expand postal voting! This sort of conspiracy used to be outside of my own credulity. It couldn't happen. Until it could.
  25. Aussies are rugged and hardy people. We can handle any natural disaster, hardship or challenge, be it cyclones, drought, bushfires or pandemics - and we can face every enemy in world wars with grit, determination, and bravery. We are as tough as anything! But if property values are threatened....
  26. Free granny flat anyone?
  27. Watch the video in the link. Trump is just entertaining.
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