Black Every Day?

Amalgam said:
Why bother shorting? Literally nothing matters anymore. NQ green by EOD tomorrow would not surprise me. This is ridiculous. It's not even that I'm being bearish that gets me mad. I can take being wrong there. It's as they say on zerohedge, the Fed is using the markets as a policy tool which irks me. They are forcing people to take more and more risk for less and less yield. For what? This terrible "recovery."
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Great post. The other day when NQ was down 57 and YM up 57 (ES unch'd), it's the sort of thing that I've come to expect from this managed market.
 
Gold keeps spiking....of course all those high paid analysts were wrong a couple of months ago where they thought the downtrend would continue....

Something big feels like it's going to unfold very very very soon.....
 
S2007S said:
Gold keeps spiking....of course all those high paid analysts were wrong a couple of months ago where they thought the downtrend would continue....

Something big feels like it's going to unfold very very very soon.....
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Maybe. This feels like very controlled selling to me. Doesn't mean it won't go far lower, but it doesn't have that run for the exits feel to me.

I am 90% that we are in a relatively big range with no where to go until maybe December or January of next year.
 
nitro said:
Maybe. This feels like very controlled selling to me. Doesn't mean it won't go far lower, but it doesn't have that run for the exits feel to me.

I am 90% that we are in a relatively big range with no where to go until maybe December or January of next year.
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No where to go until December or January?

So what a 500 point range on the Dow?
 
nitro said:
Yeah agreed within that range there is plenty of meat on the bone.
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So 17500-18000 between now and Dec/Jan?

I'm going to say I see a huge range of at least 2500 points on the Dow....I think we break back to the lows we saw earlier this year and think there could be a 15 handle in that prediction
 
S2007S said:
So 17500-18000 between now and Dec/Jan?

I'm going to say I see a huge range of at least 2500 points on the Dow....I think we break back to the lows we saw earlier this year and think there could be a 15 handle in that prediction
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That seems excessive. I believe 100 ES or 1000 DOW points back and forth between now and December. But if the market were "truly Fair Valued" by my estimates, it would be at 1700 SPX. Some people think even that is way to high.

As long as IRs are at or near zero, the market has a free long put, and people will continue to bid up equity prices even in bad times. It is incredibly distorting of reality.

Looking back at this thread, Schiff thinks we are getting new QE or negative IRs, until something really horrible happens to the dollar. I have no idea when that plays out, and I don't think he knows either.

As it is, I think we go below 93 on the DXY today.
 
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