Summer Crash?

[errolanderson]

Selloff in Asian tech sector with overnight losses ranging 3.5 to 7.5 percent.

This will likely impact global commodity markets. Hang Seng index technically unstable in my view.

[crusher]

How do you explain natural gas rise?

[errolanderson]

How do you explain natural gas rise?

Crusher, good point . . .

Apparently the natural gas gains driven by LNG exports to Asia. This is an energy market that has been undervalued for years. For what its worth, next technical upward range may be $4 to $4.50 per gigajoule, but Crusher you are right, this looks like a breakout.

[Guest]

The problem is that we are living in never never land surrounded by liberal idiots
Fundamentals don’t work when small idiot children playing with other peoples money believing that budgets can balance themselves and cars will run on unicorn piss and EV’s will charge outta thin air
Nothing works when this shit is going on
Send more free money and make pot readily available
What could possibly go wrong?

[errolanderson]

Equity rout continues in Asia. Hang Seng tech index crashing down 17 percent over past week. China indexes appear down 10 percent plus.

This could spread across global stock and commodity markets quickly, if uncontained.

[Rareearth]

If china, Taiwan, etc companies get derailed we will never get tires, repairs, etc
For a very long time

Plus all the consumer goods

Fountain tire warehouse in saskatoon yard is almost empty ( its on south circle drive) for tires

[burnt]

If china, Taiwan, etc companies get derailed we will never get tires, repairs, etc
For a very long time

Plus all the consumer goods

Fountain tire warehouse in saskatoon yard is almost empty ( its on south circle drive) for tires

Decided to stock up on some tires that are needing replacement soon anyway for that reason. The problem is that you can't predict when you're gonna run into something and wreck a tire like happened here last summer.

The best laid plans...

[errolanderson]

Hang Seng index under heavy selling fire tonite. Tech fallout. North America feels equity impact, including commodities.

[errolanderson]

Hang Seng index under heavy selling fire tonite. Tech fallout. North America feels equity impact, including commodities.

Forbes has indicated China has just wiped out $1 trillion in Asian equity markets.

It makes for an amazing headline, and if true, this Asian financial washout will impact global equity and commodity markets.

This will be yet another incoming challenge for central bankers to keep the investor flock calm. Investment though appears heading back toward U.S., but market waves wiil be generated by these losses (IMO) . . . .

[rumrocks]

Errol whats your opinion on the vintage muscle car market, do you think once all the baby boomers are gone, will that market die with them or will their kids continue on even though they don't have the same emotional attachment to the old 426 Hemi as Dad did.

[errolanderson]

Errol whats your opinion on the vintage muscle car market, do you think once all the baby boomers are gone, will that market die with them or will their kids continue on even though they don't have the same emotional attachment to the old 426 Hemi as Dad did.

I fit that category dead on . . . . The 70’s produced the best car designs, with beasts of engines. Even, music was the best and still is for generations (IMO). But, yes us old guys are getting older.

Should equities take a 20 to 25 percent pullback, most asset classes will drop. Cash will be at some point king. But the drop in muscle cars may be shortlived. There is strong value longterm in a market despite us old guys riding off into the sunset.

Buy the dips is my opinion.

Now where did I put my spoon?

[errolanderson]

PS: U.S. congress missed debt ceiling. Treasury dept using emergency cash saving measures.

And the stock market rallies today . . . .