ES Journal - 2021/2022

I have not traded since Monday, worldwide markets are tanking, now ES is down 1.7% again. We are not bottom yet, will sit out as long as daily candles are red or dojo.
 
mervyn said:
I have not traded since Monday, worldwide markets are tanking, now ES is down 1.7% again. We are not bottom yet, will sit out as long as daily candles are red or dojo.
More...

Of COURSE the worldwide markets are tanking.

Why is this not obvious?

Powell said "balance sheet reduction in the future, maybe, if we feel like it is needed."

And that was that. That is all it took to now cause a bombogenesis to form off the Bermuda Triangle, which will now destroy the entire east coast in a 40-foot snowstorm that will bury the NE USA for weeks. There will be no survival. Everyone is going to run out of food and water. This MUST mean that the entire stock market is going to crash, because, Costco.

Powell's words also caused firms like AAPL to stop making money, because with a balance sheet reduction, nobody in the universe of this earth can ever make any more money, ever and forever. This is the end of the global economy, because Powell intimated so. And all the institutions are buying that idea. Therefore, they must sell every asset they own for no reason, other than Powell.

No company for the next year is going to earn money, so sell it all.

PEOPLE, NO COMPANY IS GOING TO EARN MONEY UNTIL 2025! WHY? BECAUSE THE FOMC IS GOING TO RAISE INTEREST RATES BY 0.25 PERCENT IN MARCH 2022!

Such a joke. Dumbasses.
 
So far so good for me tonight for holding few short positions. Going to bed now and will continue tomorrow at RTH.

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Overnight said:
Powell's words also caused firms like AAPL to stop making money, because with a balance sheet reduction, nobody in the universe of this earth can ever make any more money, ever and forever. This is the end of the global economy, because Powell intimated so. And all the institutions are buying that idea. Therefore, they must sell every asset they own for no reason, other than Powell.

No company for the next year is going to earn money, so sell it all.

PEOPLE, NO COMPANY IS GOING TO EARN MONEY UNTIL 2025! WHY? BECAUSE THE FOMC IS GOING TO RAISE INTEREST RATES BY 0.25 PERCENT IN MARCH 2022!

Such a joke.
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It's not that companies ain't going to earn money, but stocks have been expensive for a long time now and the entire market supported by the FED and helicopter money. With the FED tapering and raising rates - that support is now gone or disappearing.

At peak - the S&P 500 was worth more than 30 % than pre-covid. I'm no analyst, but that doesn't make much sense to me.
 
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