Another ugly day for stocks, as Nasdaq tumbles

[bucolic_frolic]

7. Charts on the Heavenly Tech Giants were vertical for days

I've read investment books all my life. Here are there you remember some guru saying something that made sense. Technical analysis works perfectly - except at the all time highs and all time bottoms - because that's where technicals tell you the trend can't end.

It's April 1930, Ray D'Alio said this summer. Now we settle into the Greatest Depression. People aren't paying their bills because they have no cash flow and reduced jobs. Corporations pay their bills from government loans and Fed purchases of debt. We're driving far less. I read yesterday there are 104 oil rigs operating in Texas. Last December there were more than 400.

Financial gurus are abuzz with currency reset - and the Fed is pushing major changes through Congress that allow for more control over bank accounts, ends the use of cash, involuntary conversion of bank accounts to bank stock in a crisis, and fees for holding cash in banks. Negative interest rates in other words.

Hide in essential goods and services, and tech that enables home gigs.It's a barebones world going forward. Hopefully it will improve when a vaccine puts the pandemic to bed.