• 560 days Will The ECB Continue To Hike Rates?
  • 560 days Forbes: Aramco Remains Largest Company In The Middle East
  • 562 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 962 days Could Crypto Overtake Traditional Investment?
  • 966 days Americans Still Quitting Jobs At Record Pace
  • 968 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 971 days Is The Dollar Too Strong?
  • 972 days Big Tech Disappoints Investors on Earnings Calls
  • 973 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 974 days China Is Quietly Trying To Distance Itself From Russia
  • 975 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 979 days Crypto Investors Won Big In 2021
  • 979 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 980 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 982 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 982 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 986 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 986 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 987 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 989 days Are NFTs About To Take Over Gaming?
Joseph Russo

Joseph Russo

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating…

Contact Author

  1. Home
  2. Markets
  3. Other

Waiting To Exhale

As we pen this brief, equity markets deliberate near term direction as they levitate from a hyper-thrust of massive (save our monopolies) intervention in tandem with a crumbling currency.

Share prices are attempting to recover from what is without doubt, an outright failure of long-term fundamentals and stewardship by every practical measure.

Stock markets cling to coveted reactionary gains from the very precipice, deciding fatefully, whether the blind masses harbor enough denial or hubris to print yet another series of fresh highs in June. Perhaps they will, and perhaps they will not.

In our view, it matters not if share prices continue higher from here, but rather what equities can do after they commensurately exhale from the massive ingestion of a crack cocaine-like induced rally.

Dutifully administered by the ponzi, debt-dealing masters of the universe, who believe they can continue to rule the world with a worthless reserve debt-based currency, only due course and time will tell if this historic injection of hyper-debt will prove to be the one of fatal overdose.

To their diabolic credit, they have been here before (sort of), and always seem to prevail in the end. After all, the powers of mass denial are the building blocks of bubbles and manias. So long as frightened patients are still breathing, the doctors of debt will medicate them with steady doses of stimuli until they start believing that the good sensations are real and the good old days are back.

Though our masters have been here before, they have never had to bare such extreme burdens, which manifested from a cumulative, immense, and outright systemic FAILURE that occurred in very recent history. In light of this, one might argue with merit that perhaps this time is different, and all they will be doing is repeatedly injecting stimuli into mountain after mountain of lifeless corpses.

It is likely that the enormity of this resuscitation attempt parallels to an intense defibrillation effort to shock a dead victim back to life. In this respect, as represented by the V-spike equity rally, they have temporarily succeeded in getting a robust heartbeat. Not even our masters know if the patient will be dead or alive once the effects of this initial shock wear off. Further widespread brain damage is inevitable.

With the nuclear charge of a trillion dollar debt-laden pulse, the coma induced patient remains on full life support, reeling with a sense of blind euphoria from the spine-tapping epidural effects of a high velocity speedball stimulus, partly derived from a collapsing currency of little or no intrinsic worth.

The most vexing concept associated with this analogous tale of intrigue, is that it remains disturbingly plausible that with continued administration of these hyper-nuclear drugs, they might just give this otherwise very dead patient, a very real impression that they are still alive and well.

The gravity of such distortions carries the outlandish possibility of eventually delivering a hallucinogenic denial-induced rally taking equities back up toward their 2007 highs. There, we said it. As morbid as it is, until we are able to record (or admit) a time of death, so long as we remain open to constant rule changes and creative innovation, anything can happen by the hand of the wonderful wizards of Wall Street and Washington.

With that, we'll close with a few words on the markets and be on our way...


Assuring Safe and Profitable Outcomes
Elliott Wave Technology, are the "Simplicity Experts" in navigation amid the broad equity markets. Our well-organized visual approach in chart presentation incorporates a disciplined blend of technical best practices. This presentation framework enables us to translate, organize, and simplify (BY STRATEGIC LEVEL) the otherwise complex, and challenging tasks inherent in navigating safely throughout the entire speculative process. The result is our NEAR TERM OUTLOOK, a simple but comprehensive trading publication, which provides clients with prudently actionable speculative guidance amid all time horizons.

Trade Supercycle IV-Wave
To safely speculate on, and effectively trade the endless array of unfolding subdivisions forthcoming in SC-IV, one may subscribe to our premium technical publication.

The express focus of Elliott Wave Technology's Near Term Outlook is to help active traders anticipate price direction and amplitude of broad market indices over the short, intermediate, and long-term.

Trade Better / Invest Smarter...

 

Back to homepage

Leave a comment

Leave a comment