Even though this has all of the tell-tale signs of a "Rickshaw market", it's not been a consistent overnight ramp-a-thon...Instead, it's a few isolated "panic buying" episodes every few days that erases the slow, methodical churn and chop lower...Different bag of tricks, same outcome.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Even though this has all of the tell-tale signs of a "Rickshaw market", it's not been a consistent overnight ramp-a-thon...Instead, it's a few isolated "panic buying" episodes every few days that erases the slow, methodical churn and chop lower...Different bag of tricks, same outcome.
As usual the stock index futures are bright green for all the masses to wake up and see. same thing over and over and over.
No worries about this week....the fed will juice the markets higher after their meeting is over....they will just spew more worthless dribble to keep wallstreet happy like they always do....gold amd silver and oil will probably soar while the s$p gains wildly towards new highs....free money any time the fed talks ....
And apple earnings should move markets... We all know by now Apple guides low so they always show a good earnings number no matter what.....even though they said earngs for the first time in years could be showing a slow down I'm sure they will find a definite positive in their earnings tonight.
And apple earnings should move markets... We all know by now Apple guides low so they always show a good earnings number no matter what.....even though they said earngs for the first time in years could be showing a slow down I'm sure they will find a definite positive in their earnings tonight.
Russell leading the charge again (who knows if it's another fakeout breakout), but it's clearly been very strong due to Energies and Biotech's...
Look at IBB...-1.6%
All I have to do is look at a yearly chart of IWM to see how broken this market has become...Wild episodes of "risk on risk off".
Every single day it's a battle between gravity and the CB's "anti gravity machine".