What do you suppose will happen to the markets when the yield on
our bonds jump three or four % over night when the world realizes
we can not pay off our debt either.
The only possibility for any western country to pay is the
interest rate on its sovereign bonds for as long as the interest
rate is low enough... the moment it goes above a certain
level....knocked out....
Posted by marketguy on 9th of Nov 2011 at 03:08 pm
the night that happens (and/or we have another flash crash ie.,
10-20% in a day) you better head to the grocery store and buy all
the water and can goods you can get your hands on!
seriously though, why are they all of a sudden having a
"nationwide" emergency test? I mean wtf is that if they don't
already know something REALLY bad is on the horizon (ie., major
riots, marshal law, bank holiday, etc)? I just can't see it
being something that they just decided to roll out.
Posted by parkridge77 on 9th of Nov 2011 at 03:19 pm
Marketguy-- I only mentioned the nationwide alarm test in case
it did catch people off guard . From my persepctive, it is sound
security management & to my knowledge hasn't been tested
in a long time. We used to have these all the time when I was
growing up as a kid- broadcast over the tv set.
cairo- we'll see. for now gold is back below
the Fibs I was showing, it needed to stay above those. Still
a potential wedge with some negative divergence, but for now still
holding the wedge, if it breaks the uptrend line of the pattern,
then gold may really start to correct hard, but for now it's just a
pullback with the pattern, and could potentially be wave 4, we'll
see...
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What do you suppose will
Posted by randy on 9th of Nov 2011 at 03:03 pm
What do you suppose will happen to the markets when the yield on our bonds jump three or four % over night when the world realizes we can not pay off our debt either.
everyone knows no western country can pay back its debt
Posted by alseq on 9th of Nov 2011 at 03:18 pm
The only possibility for any western country to pay is the interest rate on its sovereign bonds for as long as the interest rate is low enough... the moment it goes above a certain level....knocked out....
the night that happens (and/or
Posted by marketguy on 9th of Nov 2011 at 03:08 pm
the night that happens (and/or we have another flash crash ie., 10-20% in a day) you better head to the grocery store and buy all the water and can goods you can get your hands on!
seriously though, why are they all of a sudden having a "nationwide" emergency test? I mean wtf is that if they don't already know something REALLY bad is on the horizon (ie., major riots, marshal law, bank holiday, etc)? I just can't see it being something that they just decided to roll out.
"conspiracy nut" signing off....
Marketguy-- I only mentioned the
Posted by parkridge77 on 9th of Nov 2011 at 03:19 pm
Marketguy-- I only mentioned the nationwide alarm test in case it did catch people off guard . From my persepctive, it is sound security management & to my knowledge hasn't been tested in a long time. We used to have these all the time when I was growing up as a kid- broadcast over the tv set.
not ripping on you park...just
Posted by marketguy on 9th of Nov 2011 at 03:20 pm
not ripping on you park...just pointing out that the "timing" is a wee bit suspicious is all....
Guess Gold will collapse.
Posted by cairo on 9th of Nov 2011 at 03:04 pm
Guess Gold will collapse.
cairo- we'll see. for now
Posted by matt on 9th of Nov 2011 at 03:22 pm
cairo- we'll see. for now gold is back below the Fibs I was showing, it needed to stay above those. Still a potential wedge with some negative divergence, but for now still holding the wedge, if it breaks the uptrend line of the pattern, then gold may really start to correct hard, but for now it's just a pullback with the pattern, and could potentially be wave 4, we'll see...