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Stock Erase All Post-Fed "Confidence-Inspiring" Gains
This was not supposed to happen.
Maybe it's time to hike rates again (but allow banks to push the Fed Funds to negative every quarter end) to inspire some more confidence?
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Green by the close. Feral Reserve will not lose face.
Just remember, confidence is part of the term con-man. The Fed is slowly falling apart and I wouldn't bet on magic ramping to save things......
Gotta wait till 3:30 Tyler.
Yes. Wait for the 3:30 market ramp. Until then its all just noise.
Isn't it a shortened day today?
Not on the NYSE
BTFD?
rates are dripping lower, 2.269% on the US 1-year ... if the pattern holds, dividend payers & small-caps will lead the rip-higher into the close. not saying i agree with it (as the market should reflect whats going on the underlying economy), but the yield-chasers & algos re-pricing future rate-hikes most likely hit the nitrous sometime this afternoon. especially as we go into year-end, i can't for the life of me seeing the long-only guys allowing this thing to close red on the year. ramp it into the close & deal with the fall-out next week after they toast over the weekend getting paid-out on an up 1-2% for the year stock market. seems par for the course as it pertains to the actual economy & fiscal policy; don't deal with any of the structural issues, just so-long as the stocks stay higher, everyone can keep dancing. fucking pathetic.
Depends on the algo settings since everybody of any importance is on vacation. Of course this could lead to 'fat finger' errors......
This article could mark the bottom for the day.
Tyler should start messing with the algos.
"Stocks turn positively non-positive YTD".
Missed it by a few minutes...low so far was at 10:38 and this article was posted at 10:41. Probably would have been right on the dot but Tyler is not using laser-speed updating tools.
This is my shocked face.
This is turning out be the same pattern as last year. Sharp sell-off first week of January. Bulls beware. We did witness the S&P 2000 level tested (organically) 3 times this month. If it wasn't for window-dressing and pump-n-dump by our own central bank, markets would be substantially lower. Watch VIX futures test 25 as soon as next month.
It's just like watching the NFL. Going to come down to the last play of the game. Ive already figured out the NFL is a waste of fucking time and nothing more than a coin toss.
Stocks end the year flat. But now the cost of borrowing is higher. Hm I wonder what will happen next.
Can 'they' get the DOW to close +220 today? If so, it will be the BEST PPT DAY EVER !!!