Quote from Chood:
You may be right. It could be a wives' tale. However, in this situation, I surmised -- reluctantly because it is an unhappy thought -- that pricing algorithms boost equities according to the likelihood of a serious attack that leads to big rate cuts. Guesswork. You have another explanation?
No...I really have no clue...I trade pretty short term, so I was just a little confused as to why the market was down to 1512 on the overnight..then I crashed for a few hours, only to find the market 15 pts off it's lows..
Bond yields are key..yes..but I don't think it's an intraday phenomenon..
A big attack doesn't necessarily mean rate cuts...I think...certainly it would mean the bonds would catch their bid, but the Fed acting is not a surety...
It's ALL guesswork buddy..best to you...