12/12 reversal of fortune

[scriabinop23]

just for fun ...

I'll stick my head out and say this 1480 close was a headfake.

Unless we get some solid negative newsflow tommorow, this market closes above 1500 very easily on 12/12.

Buy some australian dollars and lighten your treasuries.

 

[Eliot Hosewater]

Futures up tonight. I think it's a sucker punch tomorrow.

 

[scriabinop23]

Quote from scriabinop23:

just for fun ...

I'll stick my head out and say this 1480 close was a headfake.

Unless we get some solid negative newsflow tommorow, this market closes above 1500 very easily on 12/12.

Buy some australian dollars and lighten your treasuries.

hahah.

 

[Eliot Hosewater]

Where would we be without the latest feelgood announcement from the Fed?

I really need to get out of the USD, but I've been putting it off for years. What would be a good international fund if I don't want to daytrade currencies?

 

[moron28]

Quote from Eliot Hosewater:

I really need to get out of the USD, but I've been putting it off for years. What would be a good international fund if I don't want to daytrade currencies?

Consider putting some of your extra cash in MERKX.

 

[Eliot Hosewater]

Quote from moron28:

Consider putting some of your extra cash in MERKX.

Thanks, that's one of the ones I've been thinking about.

BTW, what is extra cash?

 

[moron28]

Quote from Eliot Hosewater:

BTW, what is extra cash?

Sorry, bad choice of words. I guess I was thinking about idle USD denominated funds sitting in money market accounts.

 

[gobar]

market keep going lower...

any one think we see red today?

 

[Eliot Hosewater]

Quote from gobar:

market keep going lower...

any one think we see red today?

Yes. (Didn't want to jinx it earlier.)