Wednesday, December 9, 2015

Morning Charts 12/09/2015 SPX /es

Some of y'all are a bit early to this commodity bottom. Hang in there and let it collapse. There will be plenty of time to join the party. Freeport McMoRan, World's Second Largest Copper Miner, Suspends Dividend. And see Global Stocks Slump As Mining Rout Accelerates, Concerns Grow About Chinese "Stealth Devaluation". I'll add that I believe it will be a very short party though. Crashing global economies with world war possibly on the brink is not the best environment for a coming off the bottom commodity boom. Also, remember the gold miners will be nationalized I believe so be quick and nimble in that space. 

There are many wars, but the one that matters most is prolly the currency war. See this China Fixes Yuan At Weakest Since August 2011 After 45th Consecutive Month Of Deflation.

On to the lie - 

SPX Weekly - cause some here still need to have a broader prospective. Taking some off the table here may not be a bad idea given the downside risks we've discussed involving Grandma's rate decision.

Freedom Watch - 

Only a complete ass, wimp, sissy, or as Ralph Peters would put it "pussy" would do this - Google’s chairman wants algorithms to censor the internet for hate speech

Christmas note - 

"for behold, I bring unto you good tidings of great joy, which shall be to all people. For unto you is born this day in the City of David a Savior, which is Christ the Lord."

More to come below. 

Have a good day. 

GL and GB!

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