Global Markets Descend Into Contagious Panic As Italy Implodes

a reply to: Flanker86

The US Dow Jones was down 5.8% from the July high and this is the first ATS thread that acknowledges the problem.
There are quite a few people that got into cash early looking for a bottom to buy but they are likely out of sync with the people that are just noticing their retirement fund slipping away. Its just gambling if you can't guess the bottom within 2%.
September they may lower rates if there are clear signs of a recession.

So ... has the upcoming crisis been cancelled already, or the EU wants to try some more to stir up bad sentiment against Trump for next year ?

a reply to: Flanker86

Brexit and the European Union are causing economic problems in Europe an the UK, not so much in the US.
DJT spends a lot of time talking about the stock market and what the US Federal reserve should do with interest rates.
The 200 day moving average for the Dow is currently declining, down 1.63%.
Tariffs take a long time to change the sourcing habits of Domestic corporations so the benefits won't be seen until after the next election.

Jerome Powell feels that the tariffs are creating uncertainty in the markets and that is likely to continue into next year unless "China accepts the deal" DJT has put on the table.

The 5 day moving average just ticked to 25,947.29 is this the signal?

a reply to: TheJesuit


Bo Polny was right , how the F*&^% did he know that? Silver has passed through eighteen dollars and Gold is still on its way up, someone knows something, and is buying the stuff.

As Italy implodes, more and more , the government and institutions hide their ongoing construction of slave camps for kids abused by oligarch pedophiles during the past. Aim to keep them locked and quiet. Italian armed forces are busy at it since a few months....

a reply to: Flanker86

The Greek debt crisis made headlines years ago but the Italian debt crisis did not make it to the MSM.
This was a June 2019 article that forecast an Italian default that would cause a global stock market collapse.

www.forbes.com...

Didn't stop the US stock markets from making all time highs in July.