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Saturday, November 2, 2024

RANDOM THOUGHTS BY TPC

RANDOM THOUGHTS BY TPC

Courtesy of The Pragmatic Capitalist

  • That end of day ramp sure was predictable, huh?  This market almost feels like a casino where the players have the edge….
  • China down 7%, U.S. down 0.7% today.  China down 25% from the peak, U.S. down 1%.  Remember when China was the reason for the recovery?  Now U.S. investors are ignoring China as a leading indicator.  We’ve seen this before though….
  • Dr. Copper fell 4% today.  Oil off 4.5%.  The rally will fold if this trend continues….
  • Andy Xie says the Chinese bubble is still bursting.  And oh yeah, it’s all just a “giant ponzi scheme”:

 

 

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