Superior Trading Skills through Education

Is the stock market rally now toast? Print
Written by Site admin   
Tuesday, 13 February 2018 14:24

So is this the big one?

There's no shortage of doomsters out there calling the end of the financial world as we know it.

They tell us it will be much worse than the 2008 banking crisis. There will be bank runs, bail ins, collapsing stock and bond markets with Gold up to $10-50,000 plus, as world credit implodes.

Or is this just a temporary blip that has taken out the cocky and unwary, who were making oodles of cash from what they had convinced themselves was a one way, no risk bet, blindly buying stocks and shorting volatility?

When, and if, the big one hits, bond yields could well be the catalyst. If at some point, governments are unable to sell their bonds without offering much higher interest rates, then that could well be the start of the big one.

For now, markets in general have not buckled. Bond interest rates have stabilised this week so Central Banks are still in control and the Gold price, that spikes up when danger is around the corner, is now falling back. No worries!!


From the blog

Four Poisons of the Mind

Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales (published 2004, W. W. Norton & Company) has many lessons for traders and here is one of them:

There is a Korean martial art called Kum Do. This is a brutal game that involves a fight to the death with very sharp swords. The way it is practiced today is with bamboo sticks, but the moves are the same. Kum Do teaches the student warriors to avoid what are called “The Four Poisons of the Mind.” These are: fear, confusion, hesitation and surprise.


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