That is if USD (aka US world leader role) can continue to stay as strong as it is for the past few decades.
However, we are beginning to see oil trading with USD being challenged by some competitors. They are testing water for it.
And then, the picture of international trading with RMB has begin to be seen in past few years.

As for my view of it, in 10 years time, US will definitely be weaker than today, and China will definitely be stronger than today. The balance will continue approaching that equality level.

ya, valuation is still rich for the stock. one of the reasons is that the covid-19 didn't affect too much of its core business.

it's approaching below 20.....what a big fat bear....

want to ask you experience players. Is this round of bear market more aggressive than the 2008 one? Is its "pattern" similar to that one too?

This post has been edited by yok70: Mar 18 2020, 11:29 PM

The past two bear markets were down 50-60%? So if this time the same, then we will see another 20% drop. However, fundamentally, i still think we are in a better shape economy as compare to those bear markets, and the disaster seems more direct and not structural chaos.

today test water 2200 would be great.

i just think the role of gold has transformed throughout the decades....into something "less important" than before.

I think nowadays, the valuation in gold is as difficult to do as any currencies. Nobody knows how to valuate them.
In US last gigantic QE, money printed non-stop, many financial experts predicted a huge drop in USD value. But the result was the opposite of that. So this round of QE which just started this week, will it depress USD value? One opposite movement we saw in past one week+, investors had been selling treasuries aggressively to raise USD. In current picture, it seems USD could be even more defensive than gold.

2200 hit.
what's next?

ya, market has doubt about passing the 1T.

The emerging of China's influence shows.

futures limit up?

rebound has been very strong.
i was wondering if we had already seen the bottom....

i wish it drops some more, maybe 1800+, since i haven't bought enough

but today's rebound is too strong, this is not good for bear bear to play it harder....

This post has been edited by yok70: Mar 25 2020, 12:02 AM

teasing 2500....

i like 1810

bear bear please come out again to play.....today seems to be a boring day

yes, rapid bear, rapid unbeared.

so once again, i suspect we had already seen the bottom few days ago.
consider previous low at 2191, so a 20% rally would be 2629. Lets see if we could reach there and stay for a few days.

however, since i still not buying enough, i still wish it could revisit the low and go further to below 2000. That would be nice place to buy. One possible news that could send us there, that is if DT announces reopen the country in short term.

This post has been edited by yok70: Mar 27 2020, 01:06 AM

to allow fed buying equities is really crazy move! where is market freedom?