News of the day

www.zerohedge.com/markets/druckenmiller-...ve-seen-it-my-career

Interesting article here....

Hi Libero,

I never disappeared really to be honest, keep looking here from time to time, just can't force myself into posting my crap more often.
Thanks for the explanation, i found this Iranian index the other day and surprised me a lot in regards to current state of the world hence my question.
This is going parabolic and could be sign of bubble about to burst,unfortunately there is no tools to trade it, but watching is something to keep me entertained. There are some rumours Iranians invested in AI technology and maybe they discovered something.
By the way AI is going to be very important subject in our lifes in not to distant future, fascinating and scary at the same time.Hydrogen, Self driving cars,5g,IoT,AI long awaited 21st century technology

Regards
madmaxx

madmaxx wrote: Can you explain to me why Iranian index is skyrocketing like this.

Good to see you back MadMaxx!

ok, simple answer to the iranian question.

It's simply a case of currency changes (due to hyperinflation, revaluation etc....) - we've seen this with Zimbabwe, Venezuela, Turkey even (to a much lesser extent when they removed zeros of their Lira).

Iran has done the same, so currency changes will re-price assets.

crippled by hyperinflation, their parliament has sanctioned the redenomination of the Rial, by replacing it with a new currency called the Toman (one toman = 10,000 rials).

Slight segue, but this happens everywhere during every era (including the roman empire). In developed nations, it happens slowly. For example, in the UK we talk about property prices as an issue of supply and demand, but since 2000, the pound has halved in value (like I said, a slight segue!).

A much easier question to answer than Trendfriend's one about why the market is so strong!

The Fed's FOMO (fear of missing out ) programme can be viewed in two ways:

1. interference with markets
2. preservation of the markets

That's quite some rally there on both of those charts....seems like virus, disease and pandemics are all the rage with investors right now!
why are these markets looking so strong? i know they are forward looking...but even so....and i'm investing today....not in a years time!

lets see...can see WS has posted charts and is looking for a drop....i have to agree the setup is in place...but it does need to start dropping soon imvho...

Paitech....thanks for the heads up with Solg....i traded for a quick scalp the first time you posted about it...

atb
trendfriend

Can you explain to me why Iranian index is skyrocketing like this.


And something to watch, Nasdaq is almost back where it was before covid19, if it go higher the maybe other indices can follow, gap looks very promising to short

Paitech wrote: He doesn't say when he bought or if he's selling for a loss or when he sold them

maybe not, what we do know is that Berkshire Hathaway took a massive, massive, MASSIVE hit - many billions - meaning that he would have sold during the "crash".

Moreover, a bit of "forward guidance" - they did say they are keeping cash, nothing looks attractive right now or something to that effect.

stay safe Paitech.