Comment: Has Karl Denninger said

(See in situ)


Has Karl Denninger said

Has Karl Denninger said anything regarding the real world lately?
I used to think the guy was a genius.
But I think he has been thwarted by the unprecedented and UN-imaginable FED actions that have kept equities erect.
Now if i was a deaf and dumb (couldn't hear what the media and 'economists' have been saying) stock trader that has been trading for decades I would just say that equities were destined to break out above the 2000 and 2007 all time highs.

That's just what every market (stocks, bonds, commodities) do.
They typically hit a resistance level twice and on the third try they breakout. It's classic technical trading. Classic... textbook. Technical trading 101.