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8.12.2015 China devalues again! Bookmark

Monday night we learned that the Chinese had devalued their currency by 2%, which is a MONSTER slash. On Tuesday, global markets responded by puking all over the place. Everyone hoped that things would settle down, but no...last night the Chinese slashed their currency again, plunging it another 2% before stepping in right at the close to "prop it back up" some.  That's got the global markets rattled once again.

But we've been down a lot lately and some form of "snap back" rally is probably in the cards. Even if I'm right and the market has "topped" back in May, there's going to pops and drops, and we're due for a pop. So keep an eye out for a mindless romp higher. It could come from a Fed head hinting that rate hikes will be delayed, or even worse...a new stimulus plan might be in the works. Either will send the market higher,.

Insiders Club - 8.11.2015 Bookmark

8.11.2015

Morning everyone, welcome to another day.

Okay there's no sense in yammering about yesterday, it was another in a long string of mindless run ups, based on hype and hope that China's going to do more QE. Our only question is if it's going to last a few days or not. We'll get to that in a moment.

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