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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (8323)	2/28/2020 12:54:14 AM
From: robert b furman	Read Replies (1) \| Respond to of 27078

HI Kirk, Yup the 10 year hit an all time low yield today and closed out at 1.26%. A hedge fund manager named Gugenheim (sp?) called negative interest rates a tax on the wealthy form Central banks. Didn't know they had taxing authority! If you looked at Joanne's bottom spotter for today, it has dropped to -45 ish in three days! The December 2018 drop finished it lowest point to 58-59 ish, but it took 9 days to get there. At the current rate we'll be there by tomorrow afternoon or more likely monday. I get the impression this drop is being read by some Ewavers as a B wave, of an irregular flat, that is similar to the 1987 decline - which also was very fast. 5 day trin has been 6. 71 and 6.86 the last two days. Boys are buying by the truck load. Aydis is now running at -10.0 . Highest I have is 10.70 - close Sentiment at 13. I've seen it at 5. has a ways to go. 2cs at 177.99 the highest I have in doing it for years is 205 on 12/27/18. The offsets for the last 5 days are: 2/21 - 20.37 2/24 - 28.20 2/25 - 38.68 2/26 - 35.42 2/27 - 55.32 So if it stays somewhat elevated like today and the smaller numbers drop off - it will push to a record high level indicating a bottom but it will lag by several days, much like it did in December. Depending on the stock, the bottom was seen on 12/24 or 12/25, so it lags 2-3 days for the peak. I'm waiting for clx to get just positive. You'd think this bad boy would bounce on a rip your face off Rally. It has been so fast - maybe it just stalls and takes time. Most would be so spooked from the wild decline - they wouldn't trust the slow gradual reversal. December 2018 was like that. Bob Bob