.25 Fed funds rate, .25 Discount rate cut

Quote from S2007S:

DID YOU HONESTLY THINK THE MARKET WOULD SELL OFF.....

hahah

new intraday highs, everything is going higher as if there is no such thing as risk...
More...

You completely missed the point of my post. I wasn't saying that the markets would selloff. I was saying that predicting a rally a couple minutes after the report is nonsense. Even if it materialized.

The "no risk" crowd are exactly the people who cause market crashes. People exactly like you. Screaming for a correction day in and day out. Then after a relentless parabolic move higher they give in and jump on the "no risk" wagon, causing an even faster rise. These aren't the weakest bulls because it took them so long to become a bull that they are now stubborn during any small corrections. Then finally a correction takes them lower than their entry point and still they hang on for the bounce. Then one day there is a pretty convincing move down and these people freak and start liquidating because they now remember all those days that they were screaming for a correction. One thing leads to another and the market drops >5% one day and 10% the next. Then these same people come out saying, "see I told you we were setting up for a crash"!

Complete nonsense. You are the definition of mature bull market euphoria.
 
funny how kudlow thinks GDP is doing great but yet he wanted the federal reserve to cut....too funny.


He is so positive on this goldilocks economy its insane.
 
Quote from Cache Landing:

You completely missed the point of my post. I wasn't saying that the markets would selloff. I was saying that predicting a rally a couple minutes after the report is nonsense. Even if it materialized.

The "no risk" crowd are exactly the people who cause market crashes. People exactly like you. Screaming for a correction day in and day out. Then after a relentless parabolic move higher they give in and jump on the "no risk" wagon, causing an even faster rise. These aren't the weakest bulls because it took them so long to become a bull that they are now stubborn during any small corrections. Then finally a correction takes them lower than their entry point and still they hang on for the bounce. Then one day there is a pretty convincing move down and these people freak and start liquidating because they now remember all those days that they were screaming for a correction. One thing leads to another and the market drops >5% one day and 10% the next. Then these same people come out saying, "see I told you we were setting up for a crash"!

Complete nonsense. You are the definition of mature bull market euphoria.
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you should already know im bearish on this market....

Besides that I was being sarcastic when I said the market would run to new highs after the minor 5 point sell off. You know as well as I do that this market is completely irrationa,l yet you just cant come to the terms and admit it.
 
Quote from S2007S:

you should already know im bearish on this market....

Besides that I was being sarcastic when I said the market would run to new highs after the minor 5 point sell off. You know as well as I do that this market is completely irrationa,l yet you just cant come to the terms and admit it.
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I apologize. I didn't pick up on the sarcasm. My fault. Unfortunately my description still fits thousands of people out there.

I completely admit that the market is irrational. It always is irrational. Doesn't matter to me either way as I don't care where we go from here, but the incessant cheerleading gets tiresome and it has ruined this site. There was a time when I could be involved in some good discussion and actually learn something. Now there are 200+ pointless threads started everyday. It takes far too much time to even find one worth following.
 
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