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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (21158)	8/10/2018 3:28:22 AM
From: John Pitera	2 Recommendations Recommended By roguedolphin The Ox Read Replies (1) \| Respond to of 33421

We are seeing massive dislocations in all of the global asset markets....... the US 2,5,10, and 30 have kicked in with a major rally in price overnight...... and we see the flight to quality,,,,, US stocks as do global equities are under great pressure...this is an absolute risk unwinding of excess exposure.... and this is very bearish for US requites. AN additional huge strory is the massive break out to the upside of the USD. INDEX.... just read it and weep if you are short currencies..... look at the take out above all of the FIbonaci fractal levels.... the last 2 days have been turbocharged. The British Pound had been under a major bout of selling as can be seen from this chart...... The European currencies are a real bit of a mess. JP

To: rogermci® who wrote (21158)	8/11/2018 7:19:40 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Rogermci, I am right there with you in your thoughts that a strong case can be made that the current bull market had it''s genesis at he depths of $WTIX @ 26.05 in early Feb of 2016.... I wrote several analysis pieces on how we had a stealth bear market which was a rotating bear market in nature that from some metrics began as early as mid 2014 and was in full bear mode by Mid 2015....... so you and I are singing from the same hymnal.'. i wrote articles on how the energy sector was down by over 66% and the coal industry was decimated by a 90% decline..... So I am highly receptive of your thought that we experienced a stealth bear market in 2015-2016....Heck in the 1970's we had a significant bear market every 2 or 3 years. who's to say we shall not revert to that type of "normal"? The argument can be made that we experienced a *stealth bear market in stocks from Mid 2015 into the early 2016* and other parts of this rotating bear market did not end until the Central Banks reversed course on their dire experiment with Negative interest rates in Japan, the Eurozone, Sweden, the Netherlands and the USA, which only save negative interest rates in places such as New York Trust Bank demanding payments for institutional accounts that wanted to deposit more than $50 Million in accounts with them. the US did experience multiple rounds of Quantitative Easing and Fed Balance sheet expansion and the Fed Funds rate and 3 month Libor hovered near zero for years after the Great Financial Crisis of 2008-2009. The stealth bear market saw many stocks go down a much larger percentage and the RUT fell from 1296 on 06/23/2015 all the way down to 943.10 on 02/11/2016. The NYSE fell from 11,254.87 on 05/21/2015 all the way to 8937.99 on 01/20/2016... many "nifty 50" stocks of the early teens of the 21st century experienced a much more severe mark down in price in this rotating 2 year bear market, obviously the energy sector stocks were decimated with huge percentage declines and a number of bankruptcies. Message 31117233 Message 31117233 Message 30556237 John