Yesterday, about half an hour prior to the close of the US stock market, President Donald Trump made a very aggressive challenge to the rhetoric coming out of North Korea which had an immediate effect on the stock market.
Yesterday just prior to President Trump's remarks on North Korea, the Dow Jones industrial average was on it's way to hit its 10th record close however, President Trump's remarks rattled the market and this is bleeding off today in early trade.
So the question is simple: is the increasing talk of war finally going to pull the Teflon off the stock market?
The short answer is no.
So why no?
That answer is also simple: there is no free market, and central banks are running the show.
I expect nothing, at least in the short run, is going to get in the way of this Teflon market as long as the Federal Reserve continues to artificially suppress interest rates propping up this market.
Yesterday's late day sell-off which is bleeding off into early trade today sparked by nothing more then "war talk" are buying opportunities in my opinion, so do not get shaken out of this market until the bombs actually start to fall...
Gregory Mannarino @marketreport
I know there was a lot of talk to comparing Trump to Andrew Jackson during the primaries. We can only hope he sees the light and takes a similar approach. All this chaos and corruption begins and ends with the Fed and central banks worldwide.
I'm not in stocks. You are right though, they just keep pushing it
I don't trade (I have before) in stocks or bonds and am basically an assets sort of guy (precious metals, real estate, acreage, etc.) but I have listened and watched you for a long time on YouTube. I think you are one of the very few people, the only one I know, who is not wholy believing in any one system and that is what makes your information so valuable. Your talk about the Fed and how it affects (effects?) the market is something your friendly, local, financial advisers won't ever mention or talk about and that I think is why you have a strong following. You speak confidently about what you think and that instills confidence in your listener/reader. Keep up the great work and sleep with three eyes open 🤓
Someone once asked: What is the easiest thing to start and the hardest thing to stop? Answer: War.
The Central Banks are boosting the markets with no end in sight, in the face of saber-rattling, and talks of war with North Korea - sounds like a conspiracy theory coming to fruition!
Do you 'buy-into' the notion that the Central Banks want to put one of their banks in North Korea (North Korea Central Bank) ?
Do you 'buy-into' the notion that war is a catalyst for take-over and implementation of a Central Bank?
This may be outside the norm for you because these are some conspiracy theories, but how do they jive with reality?
.
You may absolutely be right...
I am really thinking that Gold might be breaking out!
I hope so.
Oh, Greg to hear you say all of this on MSNBC would be a dream come true, it would be the first time someone told the truth on that channel, we agree with you and we gave you a up vote
Thank you.
very nice info greg your analysis are spot on.
Hi Greg,
So do I think that the threat of WAR will hurt this Market?? I think that if this rhetoric between NOKO & the U.S. continues it possibly will and if it starts moving into more then rhetoric...My answer would be a resounding YES. However if the Rhetoric between NOKO & the U.S. tones down....then I would say you would be correct and that you will just need a band-aid. Instead of stitches or even worse an operation. Right now though...this is looking great for the metals.
As always I enjoy your insights into the dynamics of things. Keep up the GREAT job brother!! And STEEM on!! Upvoted. :C)
thx Greg
Thank you for the update
Good info as always
Besides my 8 bags of junk silver and my TVIX investment, here are my "other" silver holdings:
You forgot to add >>> "...oh btw...WooHooooo!" :-)
did you see my return today on TVIX or SLVO? BTW upload a photo unless you're fugly.
No, I was too busy banking my 250% 3 day gains in DIA and SPY shorts. Working on turning the markets higher now that I just finished taking down @silvergoldman and SNAPchat...I mean, crapCHAT. Btw, anyone ever tell you that you are a hangsome sumbeitch? They lied! :-)
Thx Greg
Thank J.D. Rockefeller for the general education board we are taught Rockefeller, Carnegie, Vanderbilt and Morgan shaped America. And the founding fathers are terrorist. Now we are subjugated to a much larger list of lairs Jamie Dimon, larry Summers, Robert Rubin, phil and Wendy Gramm controlling business. Zuberberg, Bezos and W.R. Hearst III has our information. When will people wake up
nice analysis greg your articles really helps us to trade in a professional way. thanks
very nice
I'd be surprised if anything can hurt this market. Dow 30k wouldn't surprise me.
just the talk of '29, '87, 08....watch.
Thanks Greg again for your insight!
Great to know the Teflon market will still stay fine in the short term despite the fact of these war scares and tensions rising.
Thanks for the information Greg
What if it's Dennis Rodman that prevents war and not Greg? I'll upvote Dennis here at steemit if he can pull it off. You should too. *-)
Yeah, it's a "steady as she tanks" type situation...
The bombs falling on North Korea may boost the market. The threat will be eliminated in the minds of the sheeple.
You very well may be right.
Did Trumpf already "MOAB" Kim? I haven't been following the news. :-)
That was in Afghanistan
Trumpf still has 9 more MOABs left and I think the expiration dates on the boxes range from "soon" to "not too long from now" as far as MOABs go. I would have just set one off for the 4th of July in Afghanistan besides the one he already did there. I guess he can't really MOAB N. Korea as the retail price of Huyundais and Kias would go up as they wouldn't be producing any in S. Korea for awhile...as they wait for the dust cloud to clear. :-) Trumpf would be accused of "price fixing" ...and that would be an unwanted side affect of using a MOAB in N. Korea. Does my logic sound stupid enough to make sense? I'm "on teh record" as saying Dennis Rodman will go in and "defuse" the situation. The windup? >>> No MOAB for Kim..who's next? :-)
I told you Trump has a connection with USD price :p
Interesting article on ZeroHedge this morning....
http://www.zerohedge.com/news/2017-08-09/one-trader-thinks-sp-500-just-topped-out-summer
very nice info...
Ahhh, so you are saying that I actually "knew" Trumpf was going to do this becuz the "fact" is that I was warning you that your QQQ long (and now wrong!) trade was a "potential" ticking time MOAB. Or does Trumpf now come here to steemit to see what I am saying...just as Alan Greenwad took my advice and spewed about the U.S. debt collapse simply becuz he wanted to cover his long term bond short...once he saw me spewing about falling "market driven" rates.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=36&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I say that Janet yellen is the one you are not taking into account, Greg. Do you want me to make you "beg" Janet to QE right now, Greg. If she do it will drive SLV even higher, Greg. So be careful about what you ask me to do. :-) Nonetheless, Alan Greenspam is not on your side...but I am, greg. So please upvote every single one of my spews...so that I can continue to let you know what happens next before it even happens. Do you "really" want me to run out of steem spewing power? :O
Yes you did say that you believed that stocks would fall. As for QQQ being wrong, it is WAY too early to tell.. you know that.
Lower lows for the Q's have already been "pre-ordained" by what just happened on the open. I'd still be leaning towards longing IWM over SPY or Q's. But it isn't anywhere close to that happenin yet. You will "likely" be afforded a chance to "rethink" your Q's trade and the market is in fact already rebounding. I don't rely on "wishful" thinking...only what the market has already told me. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qqq&x=52&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
So the windup is pretty simple. Unless that low goes bye bye you initiate no new long positions. I'm not even watching teh SPY or DIA right now as I already banked a 100%+ gain on 90% of my SPY very short term short. DIA still not paying off....not yet anyhoo. So it is "somewhat" of a concern as it is the only other trade I have marked for 8/11 expiry. I'm working on helping you with SLV. I'd "suggest" you follow my updates at my most recent SLV trade blog. I don't want to see you having to rely solely on teh news that actually "proved" I was correct about SLV without you taking advantage of the "real" market mover in SLV >>> me! :-)
Joe, why is it that just yesterday you liked the QQQ calls?
Huh? That one you will have to prove to me. I did like the SLV short for sure. I will freely admit that. But I did say I was "kinda" hoping you didn't tell everyone you had a short position too. :-0 I doubt you will find me advocating a QQQ long any time yesterday. Here's my QQQ blog I initiated yesterday in fact. If I was even "thinking" a QQQ long I "obviously" wasn't drunk enuff to trade yet. I got an early start today tho. :-)
https://steemit.com/qqq/@joejustjoe/8-8-17-qqq-trading-blog
Could be my bad, I thought you said you liked the QQQ's. I still believe that almost nothing will rattle this market right now short of real war, not just saber rattling.
But the good news is that we can "obviously" purrdict the "possibility" of war since I just did it. :-) Joe ...JUST Joe "logic" >>> If you can predict the possibility of sabre rattling tehn perhaps you can purrdict the "probability" of war. I still say Deniis Rodman goes in to save the day and Kim changes his hair style as a "compromise." I'd bet that outcome if you could in fact. So if you know how to do it...let me know. We'll not only R.I.P. Kim's face off together...we'll scalp him first. :-)
As you say markets can turn on a dime therefore I prefer to be stacking and staying out of the markets. Thanks for your updates.
It's all fake. Yes! Keep stacking.
Uhhhhm, any chance that you can crap out of the SLV short today? You are killing me, Greg!!! Nothing but a moon shot since you mentioned your SLV short. :-)
As a trader Joe you know this game, and should know exactly what to do.
Can't argue with a 150% 3 day gain I guess...twice! ...with 2 different options contracts.:O I'd call it "luck" myself ifn I wasn't so "consistant." Watch as I turn the market skyward...not yet though. :-)
@marketreport I'm a newbie can you share with me your knowledge. On which things I'm generally to focused on it:)
LOL "Teflon". Thanks, going to stack more silver.
I do not think there will be a war. I think China & Russia will help stop any war.
If I was trumpf I would just invade North Korea, let special forces locate Kim...and then shave his head clean "live!" on all MSM and "social" media outlets across the globe! Trust me...Kim won't screw with Trumpf any longer if he does it. Plus it'd be fun to watch...no?
Yeah, a haircut works every time to deter nuclear war
OK, we'll make Kim marry Rodman then. I doubt Trumpf would MOAB Rodman. I know Hillary wouldn't have as she encourages self expression. "Shoulda" went with Hitlery and this wouldn't have been happening?
I agree but I have to tell ya' the USA/ North Korea thing is pretty scary or at least how it's being portrayed in the news. I can only hope this situation diffuses.
Hope you are right Sir, Asian stocks are down too..
Let's see how this plays out over the next several days/week.
NFLX $175 puts now right at your strike after not even coming close to yesterday's AH low this morning. You are up appx 8% or so on teh "original" NFLX OCt expiry $175 strike puts you bought...closed out at TradersChoice...but are still holding. You still going to hold those, Greg?
I closed them right at the open, 20% profit.
That's it?!! ...only 20%? :-) I'm still "unlong" NFLX ...and I did say "the next selloff is to be bought"...so I woulda held...after never getting in short in the first place of course. :-)
I find that Greed, sometimes, is not good. I took the profit and ran. I still believe the market is going to trend higher moving forward.
I figgerd you figgerd that as your QQQ long is still open.
Great point. I agree. We can see that market bounces back.
I think it will bounce. All the pieces are in place. Weak dollar, Fed. running the show, the "herd" mentality. You can't be in bonds so there is no where else to be.
Yes, keep watching the dollar and keep in mind the "potential" havoc it would play on SLV "if" UUP actually rallied to 24.75 as I previously "outlined" as a definite "maybe." You SURE you don't wantto work on this SLV short with me, Greg? Here's teh dollah chart. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uup&x=55&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
good.. keep it up
I agree, they manipulate the market everyday.
Markets run their own course, financial news networks try and fit the news to explain the natural course of the market. There in lies the scam!
Great Analysis as always. Thanks Greg
Nice post! Anyway, the stock market often performs better when the US start military operations. The FED are much more important, but that is also your conclusion if I understood the post correctly. Steem on!
When THEY are ready they will use war or some other scape goat to bring down the markets. But it will be one of the last things. Great report my friend!!!!
I think Trump is playing chess. I don't think there will be war. I could be wrong though. Thanks Greg.
Glad to see the market take a hit. It is about time.
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Lets hope bomb dropping will not be needed.......
Is anyone believing this short covering rally in silver? I certainly don't and it's down from here to form a inverse head and shoulders or a double bottom. Then it's nothing but up with alligator teeth.
So the knockdown of DIS and NFLX are temporary and short-lived on this basis then?
Well said.
As you say markets can turn on a dime therefore I prefer to be stacking and staying out of the markets.
Hopefully the US has some of the best strategists in the world. Strategically the US will NOT nuke North Korea. The fallout and refugee situation would spill over to China and Russia who would retaliate. A statement like that from Trump has to be premeditated and planned. There is always a plan. Markets typically crash from the end of August – November. Buy this dip then take profits and GET OUT!
thank you
upvote