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Draghi just put a floor under the market, hmm
- Thread starter S2007S
- Start date
central bankers did squat and ES still trading 30+ pts higher before Draghi pumped the market last thursday. ppt doing a fine job, they should get a raise. too funny but the tape is the tape, don't fight it.
Quote from mastacoli71:
central bankers did squat and ES still trading 30+ pts higher before Draghi pumped the market last thursday. ppt doing a fine job, they should get a raise. too funny but the tape is the tape, don't fight it.
So here's the drill.
Jobs Report Strong---That's the headline. The rally started when the computers kicked in at 1350 in the spus. Huh?!? So I thought the jobs report was released Friday am. Why did the push start at 12:30 EST Thursday and kick in when Europe opened? Oh yeah that's because the market is far from random......
Quote from Lojanica:
So here's the drill.
Jobs Report Strong---That's the headline. The rally started when the computers kicked in at 1350 in the spus. Huh?!? So I thought the jobs report was released Friday am. Why did the push start at 12:30 EST Thursday and kick in when Europe opened? Oh yeah that's because the market is far from random......
Lol. I think this is something like 5th fry day in a row that es was up 30+ pts 24 hour low to high. Randomness, what is that. Central bankers r taking revenge on all those doubting them and this is there way of saying "don't F with us shorts, even if it is obvious a collapse will happen". It certainly is not all that $$$$ on the sidelines pushing this overwieghted pig of a mkt.
Quote from mastacoli71:
Lol. I think this is something like 5th fry day in a row that es was up 30+ pts 24 hour low to high. Randomness, what is that. Central bankers r taking revenge on all those doubting them and this is there way of saying "don't F with us shorts, even if it is obvious a collapse will happen". It certainly is not all that $$$$ on the sidelines pushing this overwieghted pig of a mkt.
Very good insight. Not wise to wag your tongue at the elephants or you'll get trampled.
On the eleven to twelve hourly bar yesterday, ES's low was 1349.25, just a bit south of 1349.5, the level it settled at at 7AM on 7/26, just after Draghi opened his piehole.
Buncha shorts doubtless covered, buncha longs gave up.
Straight up from there.
Had the NFP been a bad one, they would've explained it as "hopes of QE3". As it is, it's that it was a "good" jobs report (maybe, maybe not, I look at that stuff on the weekends). Either way, all it was was there was no one left to sell, for whatever reason.
Buncha shorts doubtless covered, buncha longs gave up.
Straight up from there.
Had the NFP been a bad one, they would've explained it as "hopes of QE3". As it is, it's that it was a "good" jobs report (maybe, maybe not, I look at that stuff on the weekends). Either way, all it was was there was no one left to sell, for whatever reason.
Quote from mastacoli71:
ECB and US Fed reserve are now living on borrowed time. The game is over. ECB and US Fed reserve are becoming the 'london whale' of sovereign debt. When they want / have to unload all of it, it will make 2008 look like a walk in the park. Right now all the talk the last few days is sort of stimulus in itself. They are telling the market what they want to hear, nothing else.
I wish they would just leave it alone and let the system deleverage on its own, should have done this in 2008. In the long run it will make a stronger system instead of just delaying the inevitable.
+1
completely agree
i agree totally with these statements.. if you try to bottle up volatility your just going to get a blow up.. if you try to buy out a bottom all your gonna do is create a extremelly prolonged recession.. they call it recession.. but you know as well as i do that we are in a depression... the numbers are bought up by the fed so that it doesn't look that way.. but this is just fluff... inflated market with devalued dollars.. we are in line for at least a 20 percent correction sooner or later.. we are close to the highs on the indices. and what has really changed?? really!! there is going to be a hell of a sell off.. i wish they owuld have just let the deleveraging happen in a less assisted way.. granted we don't want panic.. but we sure don't want the freaking banks and big players using the potiential panic as leverage to be bailed out...... who makes the rules .. THE MONEY DOES.. devaluing the workers dollar by buying out everyones mistakes and paying the banks back..
granted most of all of us have played our part in leveraging to much . at least i partcipated.. i paid my dues for it.. the banks sure didn't.. they got made whole by us!...
granted most of all of us have played our part in leveraging to much . at least i partcipated.. i paid my dues for it.. the banks sure didn't.. they got made whole by us!...