CLOs have a large risk/debt exposure to this market. not banks or insurance companies.
remember this 3 letters... C L O.
they may sound close to CDOs ... 2008 style.
enjoy the inversed H&S . strong pattern ... which may come with a funny twist... and to quote a buddy from TV... when that will happen you cannot even rewind the tape to understand what actually happened.
Now it seems that the bubble bursts in up trend. It is not entirely naturally done considering the amount of Repo, non-QE pumps and other magic tricks at play (remember this terms as well... all will come together one day!!!!!!!!!!!!!!!)
That reckon day... it may look similar to judgement day considering the amount of pumps executed already in this market.
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to quote a guy from tweeter: it's not the economy the reason for the burst.... it's the QE. nothing from the macros are showing anything to support this oooomph.
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Phd Macroeconomics: Tuomas Malinen @mtmalinen : Yes, macroeconomics failed miserably in anticipating the worst global crisis since the Great Depression.
But despite the fact that #centrabanks will cause an even worse crisis, claiming the whole field of macroeconomics as 'bogus' is idiotic.
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and the corps are holding the own stock credit debt
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Germany missed to enter into technical recession by 0.1% !!! How nuts is this ?
the role of the market is to set the correct price - and index are unfliching towards an up into a macro economic downturn !
we are so far from these market principle that i think Moscow is actually jealous not even they have such a controlled centralized economy !!!
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