Trump says the Fed is wrong "so often" predicts a strong 2021 | Metals Mine

Trump says the Fed is wrong "so often" predicts a strong 2021 | Metals Mine

Trump says the Fed is wrong "so often" predicts a strong 2021

TRUMP SAYS THE FED IS WRONG "SO OFTEN" PREDICTS A STRONG 2021
— First Squawk (@FirstSquawk) June 11, 2020

Added at 10:28am

Trump rejects the Fed outlook, even as the Fed’s caution has it projecting years of near zero rates, of the sort the president once called for. https://t.co/6WOMySuPAr
— Michael S. Derby (@michaelsderby) June 11, 2020

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Jun 11, 2020 12:12pm

I made a prediction we would get a big move down in June

https://youtu.be/cbXK4IMV-jg

My description read
I am 98% certain that the SP500 will make a significant turn down in June 2020. My analysis will show you where and when I think the crash will start from, my study of cycles would suggest that the crash begins in the start of the month of June, however mid June is also a possible cycle turn. I show you exactly how I arrived at the calculation in the video.

I suggested in the video that the turn would be on the 3rd June 2020 so I was a few days off, I will do an update in the next few day saying where I think it will be going.

6

Jun 11, 2020 11:02pm

Quotation:
"“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

― H.L. Mencken, On Politics: A Carnival of Buncombe

3

Jun 11, 2020 10:35am

I'd rather believe Powell and the FED.

On a side note it's nice to see inter-market relationships starting to function more normally. They had gone completely out of kilter amid the dash for cash, forced liquidations, CB Bond buying programs and a tentative on-off approach to all asset classes together.

Still think the equity markets around the world are huge great balloons blown up by the hot air of easy central bank money...

1

4

Jun 11, 2020 11:01am

Down jones will crash past 14,000 no stopping

2

Jun 11, 2020 1:30pm

Quoting Momofrmnyc

Disliked

{quote} The valuation we were at BEFORE Covid was already unsustainable. Especially for an economy that wants to tout the lowest unemployment rate but forget the interest rate was abysmally low for the STRONGEST ECONOMY EVER. The disconnect had started a long time ago and like a festering disease has been building up slowly and slowly. Falsely trying to keep propping up these markets will just make the fall much worst, severe and much more rapid in my opinion.

Ignored

I never said there is no disconnect. There obviously is. But that still does not make me a big fan of mass unemployment and human disasterings in every aspekt which is what we get if the World completely Falls alert.

1

Jun 12, 2020 5:16am

Quoting Momofrmnyc

Disliked

{quote} The funny thing is yes you are right but it's been the richest of the rich that has so far profited the most when it comes to the markets and when they fall down they get a band-aid. When we fall down we have to get up by ourselves. They love to gloat about how capitalism but in all honesty it's far from it. They should cease to exist if they're unable to keep a sustainable business model in theory but because the amount of employee jobs usually tied in with these corporations you can't just let them die. Like you stated the disasters attached...

Ignored

It has always been like that. When things goes up only few will benefit from it (except from having jobs etc). But when things goes south it becomes a problem for society and everybody pays. I think this crisis shows that better than any. Millions are suffering from unemployment around the world and yet central banks are boosting assets. My opinion is clear to everybody. It should be the shareholders in first line that takes the hit and provide the additional funding if required. To the extend society steps in it should be on same conditions as shareholder would, so either through dilution of existing share holders or through convertible debt. There is no way society should just give away money.

I saw somewhere the other day that multinationals getting huge amounts in loans from FED still distributes dividend and buy back shares while laying off employees. The same employees that indirectly fund the free money floating from FED to the company. Its disgusting to witness but there is nothing new under the sun. Corporations will take what you give them and dont care about responsibility unless its for their own best. So if society steps in it need to come with clear requirements.

1

Jun 11, 2020 10:42am

Trump knew exactly where the stock market was going after his ultra bullish speech earlier this week. Get all the little guys long and then bang big boys all dump.

2

Jun 11, 2020 11:00pm

I follow chart not Trump.Chart says buy Dow.Check 4hrs tf.See support

1

Jun 12, 2020 1:27am

Quoting RossEdwards

Disliked

Quotation: "“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.” ― H.L. Mencken, On Politics: A Carnival of Buncombe

Ignored

Joe Biden ?

Jun 11, 2020 1:29pm

Guys don’t forget the Sp500 is a nominal index. So shorts be cautious.

A lot of other forums have people screaming this rally doesn’t make sense.

I haven’t been keeping too up to date on the SP500 priced in gold.

2000 bubble high was 160g of gold. Our 2019 high it was only 80g. Relative. 80g is still high. We are at around 60g now and 45g at our 2020 low.

Prices are always relative. Sp500 was just under 20g after gold bubble 2011ish.

Just perspective. You can use other instruments to compare the sp500 value via other assets

Jun 11, 2020 1:35pm

Quoting Momofrmnyc

Disliked

{quote} The valuation we were at BEFORE Covid was already unsustainable. Especially for an economy that wants to tout the lowest unemployment rate but forget the interest rate was abysmally low for the STRONGEST ECONOMY EVER. The disconnect had started a long time ago and like a festering disease has been building up slowly and slowly. Falsely trying to keep propping up these markets will just make the fall much worst, severe and much more rapid in my opinion.

Ignored

Yes the repo markets were screaming something is wrong starting last fall or so.

Many people who made a killing on the short side were seeing valuations and the tremors in the repo market. Covid was just the extra push that got more sellers in the market.

Not saying we’d crater anyways from the repo market if corona had never happened. But we could have seen a long consolidation for 2020 anyways

Jun 11, 2020 1:18pm

Quoting UnBearybull

Disliked

{quote} I do hope so...

Ignored

Why would you hope so? I assume you are short and so am I but if dow goes to 14K so many will suffer and all the money in the World would not make me happy to see my dear ones lose jobs and go into bankrupcy. Yes I make money shorting but I have much more Joy being on the long side. Maybe I am not just being cynical enough (:

Jun 11, 2020 12:41pm

Quoting Momofrmnyc

Disliked

You can try as hard as you want to stop the stock market for falling but reality will eventually breed itself into the markets as soon as we start seeing a reduction with all these central bank interventions. Just lay off and let the markets be. We are at the top now so lets get some correction going.

Ignored

You answer your own question. Over the last decade plus CBs have been trying to find ways to get more hands off (They failed). Nature will take its course EVERYONE in this forum sees that. Exactly how and when no one knows .
IMHO WHEN i feel is in reality not that far away

Jun 11, 2020 10:39am

You can try as hard as you want to stop the stock market for falling but reality will eventually breed itself into the markets as soon as we start seeing a reduction with all these central bank interventions. Just lay off and let the markets be. We are at the top now so lets get some correction going.

Jun 11, 2020 1:19pm

Quoting UKBanter

Disliked

{quote} You answer your own question. Over the last decade plus CBs have been trying to find ways to get more hands off (They failed). Nature will take its course EVERYONE in this forum sees that. Exactly how and when no one knows . IMHO WHEN i feel is in reality not that far away

Ignored

Yes watching the house of cards starting to tumble my friend.

Jun 11, 2020 1:27pm

Quoting Banditten

Disliked

{quote} Why would you hope so? I assume you are short and so am I but if dow goes to 14K so many will suffer and all the money in the World would not make me happy to see my dear ones lose jobs and go into bankrupcy. Yes I make money shorting but I have much more Joy being on the long side. Maybe I am not just being cynical enough (:

Ignored

The valuation we were at BEFORE Covid was already unsustainable. Especially for an economy that wants to tout the lowest unemployment rate but forget the interest rate was abysmally low for the STRONGEST ECONOMY EVER. The disconnect had started a long time ago and like a festering disease has been building up slowly and slowly. Falsely trying to keep propping up these markets will just make the fall much worst, severe and much more rapid in my opinion.

Jun 11, 2020 2:05pm

Quoting Banditten

Disliked

{quote} I never said there is no disconnect. There obviously is. But that still does not make me a big fan of mass unemployment and human disasterings in every aspekt which is what we get if the World completely Falls alert.

Ignored

The funny thing is yes you are right but it's been the richest of the rich that has so far profited the most when it comes to the markets and when they fall down they get a band-aid. When we fall down we have to get up by ourselves. They love to gloat about how capitalism but in all honesty it's far from it. They should cease to exist if they're unable to keep a sustainable business model in theory but because the amount of employee jobs usually tied in with these corporations you can't just let them die. Like you stated the disasters attached to it are catastrophic but everytime they get bailed out they continue down the risky path and reap all the rewards. We are all tired of seeing the same game and it seems we haven't learned from history. The last thing we want is the world to fall apart.

Jun 11, 2020 1:56pm

In my opinion it,s a buying oportunity

1

Jun 11, 2020 11:39am

I wish Trump would do something to change the unfair regulations in the Forex market that have been pinned against most US traders.

Jun 11, 2020 11:52am

Bulls are clean

today. 0

Jun 11, 2020 2:52pm

market listen whom?

Jun 11, 2020 1:31pm

My point being the nominal value of sp500 is just that. Nominal. Monetary policy can influence a lot whether its fair or not or what should be done etc etc.

Jun 11, 2020 2:00pm

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Jun 12, 2020 1:59am

Quoting Mingary

Disliked

{quote} Joe Biden ?

Ignored

Nah.. Micky Mouse couldnt beat what you have now..

Jun 11, 2020 11:49am

Can any one tell when he goes to sleep....that time we would be out of storm!
FBI....pls log out him from twitter.

Jun 12, 2020 12:01am

Quoting lakhan

Disliked

Borrowed money from childrens kitty fund to buy more stonks! yeh baby!!

Ignored

??????? Eeeeek!! We must really be in trouble!

Jun 11, 2020 10:50am

Now usd buy

Jun 11, 2020 11:29am

Trump is very overconfident

Jun 11, 2020 2:53pm

Stocks only go up. Ride the wave. All time highs very soon. Borrowed money from childrens kitty fund to buy more stonks! yeh baby!!

Jun 11, 2020 11:38am

Instead of reassuring the markets it's now becoming contra productive...big boys still need to come in, retail investors always pay the price. Trade safe!

Jun 11, 2020 6:29pm

Quoting el_duende

Disliked

Trump knew exactly where the stock market was going after his ultra bullish speech earlier this week. Get all the little guys long and then bang big boys all dump.

Ignored

He is not taking presidential salary...he has to make money somehow...

Jun 14, 2020 6:55am

S&P 500 has been uphill from March 2009 until January 2020. It might get back uphill after February and March 2020 in the seller zone (hint: Coronavirus, probably?) So the theory that S&P 500 is getting back up and stronger in 2021 is potentially,whichever way you want to slice it, valid.

Jun 11, 2020 11:49am

Quoting Tony112

Disliked

Down jones will crash past 14,000 no stopping

Ignored

I do hope so...

Jun 11, 2020 12:56pm

Trump is thinking about the coming USA President election.

The Federal Reserve is right .

Jun 11, 2020 11:02am

He has come again

Trader#FDE7

Jun 11, 2020 1:08pm

The FED is more right. There are also so many other things looming in the background that could go wrong, and right now the market is not rebbust enough to take another hit. We ALL know there's a massive asset bubble, and with all these new highs showing the disconnect between reality and millennial newbie traders the situation is just being exacerbated. I'm ready to go short on everything ass soon as tops are made. There's enough idiots out there who will still give liquidity enough to allow for a sizable position in almost all asset classes. This is going to be a slaughter.

Trader#CE21

Jun 11, 2020 1:19pm

A solid beartrap ....... there have been a lot of signifikant corrections for the past 4-5 year and when breakout in nasdaq is confirmed to hold through June, the marked will have set a new bottom-level. So if you're taken af short, you'll come up excactly that...short!

Trader#CE21

Jun 11, 2020 1:56pm

Add./correct:* "....you've taken a short, you will come up..." + all the solid corections for the past 4-5 years have taken ait out of the balloon....the market is not inflated, on the contrary: It is about to establish at new higher bottom level! Lokk at how moderately this level is compared to the top almost 13 years ago (2007). Nasdaq is doubled in 13 yeats, but that is really not that impressive. Again: Financial markets are sound, recovery will be swift and indexes will break up to a new higher bottom level within 2 months. So:No shorts, it's a beartrap big time!

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Jun 11, 2020 10:27am
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