Beethoven is for every one. Beethoven 2020. 5th anniversary here on d w. The export powerhouse of germany comes tumbling down a full of historic proportions so thanks to what fires business worries about a recovering at lists heart the worst is behind us. Testing out the virus tourism the Spanish Islands of be your guide to be so open early in full hordes of holiday hungry germans and france folks out state aid to save its Aviation Industry for the money doesnt come for free will have to go green. Because will it lets do business german trade hasnt seen such an abysmal month since records began in april exports crashed by over 30 percent year on year thats at a shockwave through europes biggest economy every 4th job in germany is linked to exports. Traffic here at the port of hamburg ground to a halt at the height of the corona Virus Outbreak coronavirus lockdowns and a looming global recession dealt a historic blow to the german exports whose goods flow out of here. Aprils double digi
6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down amer
A one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to m
Somebody suggested that the last week. Lets start with the markets. Just a remarkable year already but it is hard to believe that the last few sessions, with weve seen with this market is really nothing. It has sort of been sideways. The nasdaq of course has been on a remarkable one but even those gains have not been as large as they were initially before. I want to go to two of my favorites to get an overall assessment for what they think. This is well drip lower and violate key support points or were waiting for the right catalyst, the right spark to send us into the next leg higher. I want to bring in shah balani and che levine. Shah, it is great for the market to go sideways. Were knot accustomed to that this year. I think the reason it is sideways now, charles. The market is taking a breather in here. The trend has been clearly up. All of the days when the market has been up the volume has been great. On down days the volume slept off. That is only positive time. The reversal last
This is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to mimic the top like hollowing out the economy looting the economy and thats a way to get wealthy because it does indeed pay off in our economy for the top one percent especially the top 0 point one percent so you know in particular what were talking about is hertz and Chesapeake Energy Chesapeake Energy as one of these big trackers they started the natural gas fracking business that what you know they were one of the pioneers of this whole space well when news broke on sunday night monday morning that they were going to go bankrupt well you know in america when you go banker. Its in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the deb