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Gift Joseph
GiftJoseph@stacker.news
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giftjoseph 2 years ago
Japan has gotten extremely addictive to QE. Probably the scars from the last blow up which lead to the lost decade is scaring the government & BOJ. Come January will the BOJ be courageous enough to initiate a cure?. If not for anything at least for the benefit of the JPY.
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giftjoseph 2 years ago
Volume is pretty much dried up on Indices across the board. Extremely flat volume couple with the fact that vix is desperately begging to be buried at this point is a enough reason for the market to keep the rally going. Beside, Stonk only goes up no matter. Bulls are likely to keep this up till whenever Powell decide to stop the party but does the market still take the FED seriously?. Let see what uncle Sam’s Bank & ECB decide to do com next week. Are they really going to to crash Santa’s party?. Well, the longer this keep going, the harder the fail will be. The Bears will definitely have there day. Even if it doesn’t look like it right now. Only time will tell⚠️
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giftjoseph 2 years ago
Ok let me get this straight. Interest rate is at a 22 year 5.50%, GDP growth was tremendous at 5.9%, cost are heading down towards FED 2% target according to the reports, the top stocks are braking new highs while some are almost close to their previous all time highs. Market has rallied to new highs for the year and heading to their all time highs in January 2022. VIX has been dead all through, gold did new all time highs and cryptos are rallying higher again. All this pleasantries and Santa excitement playing out yet some are expecting FED to start cutting rates soon as March 2024 so the market can keep rallying upwards forever. Then inflation disappears and we all live happily ever after while the debt keep growing and the dollar crash. What a wonderful fantasy to behold. Indeed wishes are horses this days let’s all just keep dreaming 😴
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giftjoseph 2 years ago
Must be shorts covering cause who is really buying up this market at this level?. Since Powell & the Biden administration in collaboration with Wall Street has successfully kept the market up by continuous economic report manipulation. They can as well get the market to do an all time high before the end of the year. Beside “Santa rally” hasn’t yet kicked in. Or has it?
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giftjoseph 2 years ago
Does BOJ know losing money by Buying JPY isn’t fun?💆🏾‍♂️.
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giftjoseph 2 years ago
Forgodsake what’s the rational behind this extravagant rally?🤦🏾‍♂️
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giftjoseph 2 years ago
I’m trying my hardest to figure out what this so called Central bankers & Governments are thinking or what they got up their sleeves. So far except a handful of Nations, the rest have little to almost no interest in saving their fiat currencies. By at least getting back to responsible monetary policies across the board. Feels like a deliberate strategic control demolishing of the “fiats” one after another in circle. All in the guise of saving their economy, even when public datas and economic reports states otherwise. They really believe they can control this Ponzi of an economic scheme forever or at the very least as long as it takes. For them the only way out is “a control landing” with expectations it will be a soft one and the effects short lived. So they can then begin again. Is interest rate & yield curve control alone only going to get the job done?. Perhaps they know fiat is already broken so it’s best to exhaust whatever leverage it got left. Then when it finally collapse with the economy they’re trying so hard to save the next thing is will be launched. Let’s see how it plays out.
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giftjoseph 2 years ago
Market of late doesn’t care about fundamental, technicals & mechanics. Just straight up “anyhowness” & “whatever”. Good or Bad news? market goes up. Yea, just so happens some of us are still failing to get the facts that market only goes up forever into our tick skull. And sadly I’m one of them.
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giftjoseph 2 years ago
If VIX doesn’t catch a green day this week then it might as well just get to zero.
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giftjoseph 2 years ago
Another attempt at Buying JPY again this week after the terrible losses on last attempt. Let’s see how this one plays. As long as BOJ & the Japanese Government won’t decide to short JPY it should be good. However banking on them not to do that is beginning to feel like a fools dream at this point. Well, fingers cross💆🏾‍♂️
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giftjoseph 2 years ago
Market irrationally over the past weeks has definitely been the weapon formed against me. Let’s see how well it goes from here. Hopefully it gets better cause man get to catch a break💆🏾‍♂️
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giftjoseph 2 years ago
Yea, 21st century market only rally upwards forever. They never go down😏
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giftjoseph 2 years ago
If this bulls hold pass tomorrow and continue after Thanksgiving then maybe I’ll believe we’re in a genuine bull market. For now let’s see how this silly rallies holds pass Thursday and the reason that will be given for it. When that’s done, they better cook up a much better excuse to hold it through next week. That’s if this week successfully close green.
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giftjoseph 2 years ago
After this long run of bull irrationality, market has made shorting historically obvious at this current levels. However don’t be too anxious to do so. Let’s get Nvidia report out of the way. What comes next will gives more clarity on if all hell breaks lose. For now bulls will likely take their wins off the table heading into Thanksgiving. Let’s see who’ll be buying into this so called bull market after that come next week. Happy Thanksgiving 🦃
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giftjoseph 2 years ago
I guess I had too much faith in BOJ to not let JPY get this bad😏. At this point I’m not just disappointed but deeply broken by their seemingly lack of concern on the ongoing destruction of the JPY. Either their hands are tired or probably there’s nothing else to be done at this point. I mean, what can I say. Somethings are inevitable and some are just meant to be. It’s really sad but it seems the BOJ is going to sit this one out and let JPY burn to the ground. So I guess I’m just going to cut my losses here💆🏾‍♂️
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giftjoseph 2 years ago
What sort of market is this?🤦🏾‍♂️. Can’t find the rational behind anything. Nothing is adding up and absolutely nothing makes sense anymore. By the time this is all over, the devastation will be beyond anyone’s imagination.
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giftjoseph 2 years ago
It’s been really not just extremely exhausting but frustrating as well Buying JPY. So BOJ is really going to sit this one out as JPY fall apart?🤦🏾‍♂️. Well, guess we’ll find out after tomorrow’s section. If nothing changes then all bets are off😏
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giftjoseph 2 years ago
With this current level of excitement in the market, Apple better not miss.
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giftjoseph 2 years ago
Bulls are certainly having a filled day with the recent market move. Let’s see how they keep this up after earnings. When the dust settles we’ll know who’s naked.
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giftjoseph 2 years ago
So unhappy with my JPY pairs trade today. What a mess buying JPY today. Ouch🤕