Tech Rout

[errolanderson]

NASDAQ index down about 15 percent, but technical death cross triggered last week (50-day crosses below the 200-day moving average). But the key carnage is inside this major global tech index.

50 percent of stocks are now down 30 percent.
35 percent of stocks are now down 50 percent.

Number of NASDAQ stocks currently routed is now greater than in the 2000 dot.com bust.

[furrowtickler]

NASDAQ index down about 15 percent, but technical death cross triggered last week (50-day crosses below the 200-day moving average). But the key carnage is inside this major global tech index.

50 percent of stocks are now down 30 percent.
35 percent of stocks are now down 50 percent.

Number of NASDAQ stocks currently routed is now greater than in the 2000 dot.com bust.

Was this act tonight the final straw Errol ??

[Hamloc]

NASDAQ index down about 15 percent, but technical death cross triggered last week (50-day crosses below the 200-day moving average). But the key carnage is inside this major global tech index.

50 percent of stocks are now down 30 percent.
35 percent of stocks are now down 50 percent.

Number of NASDAQ stocks currently routed is now greater than in the 2000 dot.com bust.

Commodities going up on overnight markets.

[errolanderson]

Was this act tonight the final straw Errol ??

Yes, but the tech world was already falling apart last week.

Putin providing a push. U.S. global index in Europe gapped lower today setting stage for a sharply lower U.S. opening tomorrow. Crude oil up $3 to $4 per barrel this aft. KC wheat up 20 cents, soy complex up right now, canola up. Biggest losers appear to be tech and cryptos.

Group . . . big volatility over next few days. But tech in major trouble.

[errolanderson]

Any rate hike ideas may now be vanishing. Bank of Canada decision early March. If central bankers push rate hikes, they are a very lost group given current worsening economic circumstances.

As for inflation, the peak is in. It’s now a battle between stagflation and outright deflation.

Apologies for being so opinionated. But a little pissed at our leaders both financial and political right now.

[FarmJunkie]

Always appreciate the input Errol. Chrystia Freelands a financial genius. She’ll turn things around for us! 🤪😜🙄

[jazz]

Yes, but the tech world was already falling apart last week.

I think furrow was talking about canada. The capital flight alone will seal our doom irregardless of anything else. You must see that.

Who will invest in Canada when any asset can be seized? Even companies arent going to take that chance.

The brain drain will be the next killer and private wealth as well.

The heads of the banks and finance companies in Canada are in tight with the Liberals. Desmarais family, etc. They cant be on board with this can they?

[errolanderson]

Interesting comment from European colleague tonite. Comment was . . . .

Russia’s attack may not be so much about Ukraine, rather it is an attack on the U.S. dollar dominance with China in the shadows.

This made me pause in-thought . . . .

[TOM4CWB]

Interesting comment from European colleague tonite. Comment was . . . .

Russia’s attack may not be so much about Ukraine, rather it is an attack on the U.S. dollar dominance with China in the shadows.

This made me pause in-thought . . . .

The unprecedented FALL of the North America economies [further rise of China and Asia Pacific to dominance... aligned with german backing ] will/is happen... The CDN Emergency Act causing destabilization of CDN domestic internal currency... on top the complete CDN gov tracking and seizure regulations starting Feb 14/22 of CRYPTO Currencies for the first time.

Deputy PM Freeland has said she is making these regs of CRYPTO Currencies permanent outside the EMA so when the liberals loose the EMA power to regulate and monitor CRYPTO Currencies... the powers are seamlessly retained.

[agstar77]

The unprecedented FALL of the North America economies [further rise of China and Asia Pacific to dominance... aligned with german backing ] will/is happen... The CDN Emergency Act causing destabilization of CDN domestic internal currency... on top the complete CDN gov tracking and seizure regulations starting Feb 14/22 of CRYPTO Currencies for the first time.

Deputy PM Freeland has said she is making these regs of CRYPTO Currencies permanent outside the EMA so when the liberals loose the EMA power to regulate and monitor CRYPTO Currencies... the powers are seamlessly retained.

Crypto just a mirage who cares. Nothing to see here, move along.

[TOM4CWB]

The unprecedented FALL of the North America economies [further rise of China and Asia Pacific to dominance... aligned with german backing ] will/is happen... The CDN Emergency Act causing destabilization of CDN domestic internal currency... on top the complete CDN gov tracking and seizure regulations starting Feb 14/22 of CRYPTO Currencies for the first time.

Deputy PM Freeland has said she is making these regs of CRYPTO Currencies permanent outside the EMA so when the liberals loose the EMA power to regulate and monitor CRYPTO Currencies... the powers are seamlessly retained.

JT and Singh are very proud of their coup on Parliament Hill. We have effectively lost any Charter of Rights and Freedoms... unless the PM likes you politically. Exactly backwards to what was legally supposed to occur. Banana Republic of Canada... Feb 14/22. The St Valentines slaughter of the CDN Charter of Rights and Freedoms.

[LWeber]

Interesting comment from European colleague tonite. Comment was . . . .

Russia’s attack may not be so much about Ukraine, rather it is an attack on the U.S. dollar dominance with China in the shadows.

This made me pause in-thought . . . .

Feb.12:

https://laductrading.com/russia-isnt-attacking-ukraine-they-and-china-are-attacking-the-us/

[shtferbrains]

Feb.12:

https://laductrading.com/russia-isnt-attacking-ukraine-they-and-china-are-attacking-the-us/

One thing he doesn't mention is IMHO we have the weakest group of world leaders I have ever seen.

Putin and Xi not included.

Not hard to believe they see an opprtunity.

Could see it coming with the rout from Afghanistan.

[errolanderson]

Tech washout is going to surprise a lot of investors.
Talk-of-the-town is inflation, but stiff incoming tech losses will impact the ‘Everything Bubble’ and inflation’s duration.

This may offer an opportunity for those with cash on-the-sidelines . . . .

[helmsdale]

Tech washout is going to surprise a lot of investors.
Talk-of-the-town is inflation, but stiff incoming tech losses will impact the ‘Everything Bubble’ and inflation’s duration.

This may offer an opportunity for those with cash on-the-sidelines . . . .

Errol, I respect your temerity for posting within the Covid forum even though it is mis-labeled as the "commodity marketing" forum. May many a brave lad/lass follow your lead!