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Stocks Recover Post-FOMC Losses After 4-For-4 Economic Data Misses
Manufacturing PMI - Miss/Drop. Existing Home Sales - Miss/Drop. Philly Fed - Miss/Drop. Economic Confidence - Miss/Drop. Buy Stocks...
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This is the Yellen bubble now. She owns it.
I'm not giving up. The Fed does not operate in a vacuum and this WILL blow.
DavidC
Click... cha ching.
Once Uncle Janet raises rates things will get soo bad that stocks will hit ATHs!
Things weren't this fucked up back when I dropped acid.
pods
+1. Was telling my buddy that we used to scalp the Emini - not for much - but, even on a day where trade was thin and pivots were non-existent, you could still scalp away your afternoon and make a little doe. The market always gave you something if you weren't too greedy. Today, that is almost impossible with the spoofing and HFT's taking out stops on fake markets - short or long. It used to be that you always closed (covered) your positions end of day. It was the law. Now it seems like you have to make a one way bet just before the close on the next morning's open just to try and capture a move that pays you more than transaction costs.
Trading used to be an art. But now it is a rigged bonanza - and everything is against you. The only exception to this is if you happen to be holding something long (short), and some unexpected good (bad) news moves the position heavily in your favor.
Yeah, dropping acid was less fucked up - that is for sure.
Bullish.
Plus 'it' for full value....
Oil back over $60, were you muppeted?
Were you muppeted in selling crude oil for green pieces of debt again?
Over and over and over again. At the first sign of weakness the boyz come in and prop the market. The FED has printed up trillions for just this purpose. This can go on for a very very very long time. There is no free market anymore. Time to move on to some other asset class. Stay away from stawks and bonds.
401Ks, Drips are on autopilot for buying. How much volume does this account for, I don't know but it likely matters?
If Dow 18,000 won't get the economy going again than Dow 20,000 should work and if not maybe Dow 25,000 and........... Buy Moar Stocks!!!!!!!!
TPP, TPP, USA, USA.
We are now a Casino, this is no longer a market and with every Casino, you will have more losers than winners. The insiders will win, you will be wiped out and The Dodd Franks Bill will protect them! Wecome to the third world!
Upwards wealth redistribution may become increasingly necessary to support the lifestyles of deserving American job creators.
"This can go on for a very, very long time..." With credit to a poster above.
Yes, it can. Or perhaps not. At this particular junction in time, I wouldn't count on anything lasting a very long time, with the exception perhaps of a 'boot on your neck - forever...'
Or... An abrupt end to the wait when the U.S. decides to get stupid and either attempts to block (or bomb) those spiffy new 'islands' the Chinese are building in their backyard...
The Fed is not the juggernaut that some want to ascribe it. It is made up of people with no more understanding of how global economics works that ordinary people. Their fallacious Keynesian practices have taken the world to the brink of disaster. It is only a matter of a short time before the world plunges into a massive deflationary vortex..
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...
The credit bubble it has created is obvious once you analyze it..
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
when is this sh*tty market going down? every stall on the downside and the market comes back up in a straight line, f*ing algos and CBs !!... even faster than on the way down ! seriously?? since when markets move faster higher than lower?? new law in the market, probably brought to you by QE...
S&P seems to be having some problems at around 2132. Almost elevator down time. at least for today. Got my puts - ready to take ANOTHER loss. LoL! MOC order in. Mental Stop. Have a good weekend.
yeah 2131 should be a resistance for some consolidation... higher part of wedge but algos could hunt for stops until 2140/50... exit from range will be very violent either way... should be down but if some politician or CB or bank decide other wise could be painful on the upside for shorts... this is becoming non tradable..
Yes. 2140 is a defite posibility today - I'll be long gone by then. Using mental stops means no long bathroom breaks!
Well, that was fun. My butt is just a little sore. Live to fight another day! Broker made money anyway. Thought MOC order would work. But no, they had to have a positive close. Some people never learn!
Well - I have learned that this IS a real fucking casino. SPY Puts are USELESS. Fucking thing goes down a bit and then ROARS higher to anotgher record or near so. It simply is not worth it.
Historically - yesterday was a key reversal and today would have been down big time. Nope. S & P to yet another record high.
Hell at least back in January there was some volatility. Speaking of which, I am gettting sick of these fuckers on CNBS mentioning Volatlity. Fuck them. VXX set a new annual record low today at 18.53 beating its old record low of 19.98 set yesterday.
4 out of 4 shitty numbers is just another indication to BUY!!!!!! BTW - who the eff IS buying? And why are they so hell bent on paying more and more and more? If I were buying stocks, I would want to pay less - not more. But the WTF do I know.
FWIW - VXX set a new record annual low today at 18.53 down from prior low of 18.98. Simply amazing. No one want any insurance? Dumb ?, I know since stawks only go up. 5 of 6 days with 2 or 3 new record highs tossed in.