| | | Posted this on on another board. pretzelcharts.com
George Gammon covers what I touched on, youtube.com
Comment..
Thanks, I got edmucated about swap lines, counterparty risks, and why these are globally important - - as George Gammon explains in this 24-minute video: "Swap Lines & Counter Party Risks For Dummies" (my title, not his).
Unless you're at the esteemed Professor Dumdies level about these matters, you might want to listen to this because it explains one of the many possible paths to SPX 2400 (or worse). Yes, it IS truly for dummies because even I got it. Bonus: It's actually entertaining!
EDIT: ZH headline: "Fed Quietly Sends Record $11 Billion To Switzerland As Dollar Funding Shockwaves Crushes Central Banks". The article is behind a pay wall that I'm not in. Sorry. Listen to the video to see why this is important.
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Fwiw, M Armstrong mentioned yesterday with Russia beginning to take out Ukraine Power Grid, more capital is beginning to shift to US for safety....If correct and elections upon us including video an everything else, WS very well have washout first...? Assume also confidence in Govt with Bonds selling possibly into stock market may have impact, but expect more that latter in 2023.... but who knows...
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Also same board from another trader.... Florida/strong communities..
"Friend and local native shot and produced this piece.. he has a fishing show called Goliath Fishing.
This is from Ground Zero in my backyard... give it a watch.. it's excellent" 16:24
youtube.com
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