Trading the Indices on Fundamentals

[marameo]

One can read "true market irrationality" as volatility (-1% +1% -1% etc..)

PS: A lot has been said about the 2s10s yield curve inversion and un-inversion; while it's not a great help to forecast absolute market direction, it indeed predicts a lot more equity market volatility.

 

[FXtrader8911]

Does anyone have a view on Zuckerberg's cryptocurrency plans? He carries on as if he's inventing the crypto with libra. I must be missing something because there's already a host of cryptocurrency that can suite the underworld, PayPal already instantaneously sends money, in any currency, to anyone with an email address, and in AU the banks themselves already sent money in real-time to anyone with a mobile number. What is Zuckerberg inventing?

On the markets... big yawn, nothing moved except the HSI, let's see what the US does in 15inues time.

 

[FXtrader8911]

One can read "true market irrationality" as volatility

Here we go... Boeing reported -53% in profits for the quarter, stock rises 2.6%, irrational!

 

[marameo]

https://thereformedbroker.com/2019/10/21/global-stocks-starting-to-inflect-higher/

"[...] stocks are acting better than current sentiment about the global economy might imply. If you’re more focused on the headlines than on price itself, you may have been missing this trend."

 

[Laissez Faire]

Here we go... Boeing reported -53% in profits for the quarter, stock rises 2.6%, irrational!

Which is why I find the idea of making trading decision based on fundamentals flawed, but apparently it works for you, right?

I've seen so many 'irrational' market movements for the time I've been following the markets that I've stopped trying to make sense of it and trade 100 % technical.

 

[marameo]

Apparently there's a relationship between 'value' and 'low'; Investors buy value when fondamentals are low.

 

[Overnight]

Does anyone have a view on Zuckerberg's cryptocurrency plans? He carries on as if he's inventing the crypto with libra. I must be missing something because there's already a host of cryptocurrency that can suite the underworld, PayPal already instantaneously sends money, in any currency, to anyone with an email address, and in AU the banks themselves already sent money in real-time to anyone with a mobile number. What is Zuckerberg inventing?

On the markets... big yawn, nothing moved except the HSI, let's see what the US does in 15inues time.

Well, the crypto markets certainly did not like what he had to say to Congress today. Last I checked before Wall Street close, the majors were down 8-10%

 

[Overnight]

Here we go... Boeing reported -53% in profits for the quarter, stock rises 2.6%, irrational!

Investors are always forward-looking, not backward.

https://www.cbsnews.com/news/boeing...737-max-will-return-to-flying-by-end-of-year/

 

[FXtrader8911]

Investors are always forward-looking, not backward.

In Boeing case, it was over half its earnings lost, not just 10% or 20% but more than half. Considering the lost sales to Airbus, the loss of confidence in the brand and the cost to retro-fit the Max with whatever the FAA decides needs to be done... How long before they recover?

 

[Overnight]

In Boeing case, it was over half its earnings lost, not just 10% or 20% but more than half. Considering the lost sales to Airbus, the loss of confidence in the brand and the cost to retro-fit the Max with whatever the FAA decides needs to be done... How long before they recover?

It's just a software update, not a hardware refit. Big difference. Boeing will get back on track. If Boeing in on a dip, buy it.