This line of thought is one that is going to bankrupt shorts eventually.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
This line of thought is one that is going to bankrupt shorts eventually.
Key word is eventually. Until then, bears are in control. I should know, I am long.
The problem is that the Fed knows that they are between a rock and some creepy place called recession. Also they're under immense pressure from Wall Street. As I pointed out elsewhere, Powell and his cronies will likely cave in.
That said, would you say the next interest hike will be 50 or 75 bps? I say 50.
No, the keyword is control and I don't think Powell is Volcker. He acts like he is, but is he? I don't think so.
Nope, they don't give a shit.
Bostic was the most recent asshole Fed dude who got caught breaking Fed rules on trading. They will now punish this market even harder. Hike hike hike.
They will do another 75 BPS just to fuck with the election. These guys no longer care. The bottom line is? the bottom is nowhere in sight. Earnings now no longer matter with this Bostic BS.
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They already foretell 75 and 50 in the next two meetings. Whether it is priced in some I am not sure. But rate goes up, growth stocks like TSLA will go down, it is already halved.
Didn't get the assignment. Closed at 17.57, after hours at 17.43.
Never understood the settlement mechanics.
Does it now...?
Not sure I agree with that view or if it's one that's useful to have, although I know it's a common one.
I would rather say that the market is a neutral facility. Any pain inflicted is done by the trader himself.
Or what say you...?
I remember 'don' fight the fed!!' haha
Why bankrupt them? Are longs, which btw if you hadn't noticed price is going against them not shorts, not subject to possible bankruptcy too .... if they over stay their welcome?
Stops, if used judiciously, ... stops bankruptcy. Long or short.