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I could go on and on about American attitudes toward the world, and many would probably agree. And in no sense would I be in any way anti-American, just aware of our isolation and our essentially parochial attitudes on many things. America, after all, can be thought of as a very big island that few people ever get off of, and seldom meet anyone whose language we need to know, or whose culture we need to know about. I am, regardless, very happy to be from here and to live here.... but everyone, ideally, should be able to feel that way about their home, and I hope most people do.
But my point in that post was not the relative isolation of the US (which is funny considering its role in the wide world), but simply that US markets really are connected very tightly to the rest of the world. If someone is seeking an edge (and who is not?), then knowing this may be helpful to them.
Bob.
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Edit: just to be clear, since we're moving a bit in other directions, this was the point I was making:
When one door closes, another opens.
-- Cervantes, Don Quixote
There are obviously so many different lifestyles and meanings about the most important things in life.
Thanks to this adorable platform fio that spans around the world with many traders of unnumbered countries that are united to discuss so many main themes as well as sometimes the problems to trade in their home country.
Happy to see the development and hoping for a good continuation with the goal to learn from each other.
Looks not good today for all indices: Asia down - German DAX future more down to yesterday's closing.
New announcement from USA to halt every travel from Europe to USA from Friday midnight for 4 weeks!
This will give a deep red day.
GFIs1
edit 7:22 - SMI (Swiss Market Index) will fall to 8768 for start at 9:00 which is -4.2% to closing of yesterday. Last time the SMI was lower than 9000 is more than one year back.
edit 7:45 - DAX pre open already @ 9810
My chart from March 9 shows 2 steps down: 9866 & 8812: the first step is here...
edit 14:05 - ECB decision has no positive influence on the DAX. Actual price ~9590. Tendency down.
The level of 8812 is not far away - let's see on Friday
edit 14:40 - DAX reaches 9285... which is more than 10% down
The down dynamic shows a strong momentum. As the prices are not to stop in the next days or weeks.
Given the situation of this March 2020 we might quickly get back in the index DAX to the numbers of 2012. Which means quite a shocking crash. All the discussion of new ATH's have been vanished.
Have a look at the possible moves within the next days. It is just a projection of a next support in the monthly DAX. We need to look back quite a lot until 2012:
Thanks for your insights, always a pleasure and some good guidance for my trades.
Are you expecting a large pullback first, or going straight to the 8000-8200?
Prices are in the middle of nowhere. The threat to the economy worldwide is at a beginning, the scenarios for the rest of 2020 is not even on paper nor given in the heads of the managers. The damage done is not only financial but it is the real destruction of a working machine. To repair this I count with years to come. Central banks have no more means to support with money just for the daily needs - indeed they have no more ideas to help. Money has no longer the power it had. The time of eternal money has halted abruptly.
To answer your question: A pullback (not even speaking of "large") is not in sight: 95% of investments have lost in very short time. A lot. It is clear that this lost money is no longer there for being reinvested. We have to face reality. Now.
And no - I am not a pessimist - but I can see signals and sometimes can feel where the journey heads to.
