thx. wasn't well done but it got done, eventually. "i wasn't wrong, just early" haha
yeah, I know the feeling...Been positioning for the fall downside, but caught off guard by the size of this drop...
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
yeah, I know the feeling...Been positioning for the fall downside, but caught off guard by the size of this drop...
the caveman has 11 mins for his it's easy lunch run
Look at that headline on cnbc, rate hike so what that wont stop the bull according to ed yardeni, he says s$$$$P is heading higher, to 2150 by years end so that means huge gains for the next quarter.
Rate hike? So what. Bull won't stop: Ed Yardeni
Amanda Diaz | @CNBCDiaz
1 Hour Ago
As August winds down and summer vacations come to an end, Wall Street is ripe with anticipation on whether Fed Chair Janet Yellen will stick to her guns and raise interest rates in September or push it back to December. And as the unknown rattles many investors, market bull Ed Yardeni insists stocks and bonds will be just fine.
"Given that [a rate hike] has been so widely expected, the reaction should be minimal," the president of Yardeni Research said Tuesday on CNBC's "Futures Now."
According to Yardeni, the global economy is in a period of "secular stagnation," which creates a positive environment for both the equity and fixed-income markets. "For the stock market and bond market, secular stagnation on a global basis means we have something in between," he said. "We don't really have inflation, we don't really have deflation and central banks continue to maintain relatively easy money."
Read MoreDon't expect Fed to signal rate hike: Strategist
And as external factors like China and Greece have weighed on sentiment this year, Yardeni said it's nothing new. "These have been worries all along in the bull market. The only serious problem we have with the market is valuation. Stocks are not cheap."
The S&P 500 has rallied nearly 27 percent in the past two years and is trading around 17 times forward earnings. Despite being expensive, Yardeni believes the market will "continue to move higher" following the September FOMC meeting.
"It's either going to be a one and done or a none and done," he said. "I see the S&P 500 ending this year at 2,150 and next year at 2,300." On Wednesday morning, it was around 2,081.
Rate hike? So what. Bull won't stop: Ed Yardeni
Amanda Diaz | @CNBCDiaz
1 Hour Ago
As August winds down and summer vacations come to an end, Wall Street is ripe with anticipation on whether Fed Chair Janet Yellen will stick to her guns and raise interest rates in September or push it back to December. And as the unknown rattles many investors, market bull Ed Yardeni insists stocks and bonds will be just fine.
"Given that [a rate hike] has been so widely expected, the reaction should be minimal," the president of Yardeni Research said Tuesday on CNBC's "Futures Now."
According to Yardeni, the global economy is in a period of "secular stagnation," which creates a positive environment for both the equity and fixed-income markets. "For the stock market and bond market, secular stagnation on a global basis means we have something in between," he said. "We don't really have inflation, we don't really have deflation and central banks continue to maintain relatively easy money."
Read MoreDon't expect Fed to signal rate hike: Strategist
And as external factors like China and Greece have weighed on sentiment this year, Yardeni said it's nothing new. "These have been worries all along in the bull market. The only serious problem we have with the market is valuation. Stocks are not cheap."
The S&P 500 has rallied nearly 27 percent in the past two years and is trading around 17 times forward earnings. Despite being expensive, Yardeni believes the market will "continue to move higher" following the September FOMC meeting.
"It's either going to be a one and done or a none and done," he said. "I see the S&P 500 ending this year at 2,150 and next year at 2,300." On Wednesday morning, it was around 2,081.
love the pics cnbc puts up, wait till the dow is below 17,000, then 16,000 then 15,000, then 14,000, wonder what kind of surprising faces they will show then.....
next run at the lows should it occur soon (if later, i stay in) i'm bouncing out because i'm IN at a bad spot
I was just thinking, since the s$$$$P has held up so many times above its support areas and sprinting and springing back near 2100 what happens when it really breaks support??? I mean this could be very serious, Im talking a week where the markets could be off 5% or more, where the dow drops straight through 17,000 and continues a slide into the mid 16,000's, this is going to get very serious, if there is no break to the upside and the markets don't break out of this up and down trend of the 2-3% its been stuck in for months the drop is going to be EXTREME!!!!
Get ready for it!!!
Get ready for it!!!
Told you, just more excuses from these cnbc articles saying that the fed has no reason to raise rates.....every single time the rate hike is near continous articles are pumped out to create this idea on why the fed should NOT raise rates, its been nearly 10 YEARS since the fed hikes, I think the time has come for the fed to raise rates, enough of this this ZERO interest rate fucking policies, raise the fucking rates already, they should be at 3% right now but because they need to keep everything inflated and stock prices up they continue to push 0% interest rates.
Fed may have just gotten a red light for rate hike
Jeff Cox | @JeffCoxCNBCcom
22 Mins Ago
The Federal Reserve got a little more breathing room Wednesday from the push to raise interest rates in September.
A widely followed inflation gauge—though not the Fed's favorite one—showed that outside of rising rents, there was little price pressure in the marketplace. The consumer price index rose just 0.1 percent in July. Even excluding food and energy prices, the CPI was only up the same 0.1 percent.
On an annualized basis, the index rose just 1.8 percent, which is below the Fed's current 2 percent inflation target.
Tumbling energy prices are the root of the CPI's weak performance, with the overall sector down 14.8 percent over the 12-month period, though up 0.1 percent for the month. One of the the more notable increases came from rent, which rose 0.3 percent in July and 3.6 percent for the year. Airfares plunged 5.6 percent, the most in 20 years, and fuel oil fell 3.4 percent in July.
Viewed together, the data take still more of the steam out of an argument for the Fed to raise rates in September for the first time in more than nine years.
Kevin Lamarque | Reuters
Janet Yellen
"A weaker-than-expected rise in consumer prices at the start of Q3 further fuels the dovish argument for the Fed to remain on the sideline, delaying liftoff beyond the September FOMC meeting," Lindsey Piegza, chief economist at Stifel Fixed Income, said in a note. "Since the end of 2012, every Fed communication has continued to acknowledge the substandard level of inflation which continues to persist. Thus, at this point, raising rates with inflation so far below the Fed's target could create a misperception in the marketplace that the Fed has lowered their inflation goal."
Read MoreFed official: No evidence QE boosted economy
Investors will get a closer look at Fed thinking Wednesday at 2 p.m. when the Fed Open Market Committee releases the minutes from its July meeting.
The committee initially had targeted a 6.5 percent unemployment rateand 2.5 percent inflation before tightening policy, but both numbers have become moving targets amid uneven economic growth. Though the headline jobless figure, excluding those not actively looking for work and the underemployed, has fallen to 5.3 percent, the Fed remains handcuffed by the weak inflation readings.
Its preferred gauge for that metric, the personal consumption expenditures price index, shows even a lower level of inflation than the CPI. The core PCE's latest reading, in June, was just 1.3 percent. While consumers might scoff at an inflation gauge that omits food and energy, Fed Chair Janet Yellen generally dismisses price fluctuations in both categories as "transitory" and therefore not central to monetary policy decision-making.
Read MoreDon't expect Fed to signal rate hike: Strategist
Low inflation readings, particularly the latest CPI, "will certainly give the Fed pause for thought in whether to raise interest rates or not at the next FOMC meeting in mid-September," Paul Ashworth, chief U.S. economist at Capital Economics, said in a note.
"On balance, we still think the Fed will go ahead and raise rates in response to the cumulative improvement in labor market conditions. But the decision is finely balanced," Ashworth added. "With underlying price inflation and wage growth still muted, a case can also be made for waiting."
Anecdotally, most Wall Street economists seem to expect a September hike. However, traders at the CME are less convinced, with futures trading indicating a 45 percent chance of an increase at the meeting. A month ago, though, the probability was just 26 percent.
Fed may have just gotten a red light for rate hike
Jeff Cox | @JeffCoxCNBCcom
22 Mins Ago
The Federal Reserve got a little more breathing room Wednesday from the push to raise interest rates in September.
A widely followed inflation gauge—though not the Fed's favorite one—showed that outside of rising rents, there was little price pressure in the marketplace. The consumer price index rose just 0.1 percent in July. Even excluding food and energy prices, the CPI was only up the same 0.1 percent.
On an annualized basis, the index rose just 1.8 percent, which is below the Fed's current 2 percent inflation target.
Tumbling energy prices are the root of the CPI's weak performance, with the overall sector down 14.8 percent over the 12-month period, though up 0.1 percent for the month. One of the the more notable increases came from rent, which rose 0.3 percent in July and 3.6 percent for the year. Airfares plunged 5.6 percent, the most in 20 years, and fuel oil fell 3.4 percent in July.
Viewed together, the data take still more of the steam out of an argument for the Fed to raise rates in September for the first time in more than nine years.
Kevin Lamarque | Reuters
Janet Yellen
"A weaker-than-expected rise in consumer prices at the start of Q3 further fuels the dovish argument for the Fed to remain on the sideline, delaying liftoff beyond the September FOMC meeting," Lindsey Piegza, chief economist at Stifel Fixed Income, said in a note. "Since the end of 2012, every Fed communication has continued to acknowledge the substandard level of inflation which continues to persist. Thus, at this point, raising rates with inflation so far below the Fed's target could create a misperception in the marketplace that the Fed has lowered their inflation goal."
Read MoreFed official: No evidence QE boosted economy
Investors will get a closer look at Fed thinking Wednesday at 2 p.m. when the Fed Open Market Committee releases the minutes from its July meeting.
The committee initially had targeted a 6.5 percent unemployment rateand 2.5 percent inflation before tightening policy, but both numbers have become moving targets amid uneven economic growth. Though the headline jobless figure, excluding those not actively looking for work and the underemployed, has fallen to 5.3 percent, the Fed remains handcuffed by the weak inflation readings.
Its preferred gauge for that metric, the personal consumption expenditures price index, shows even a lower level of inflation than the CPI. The core PCE's latest reading, in June, was just 1.3 percent. While consumers might scoff at an inflation gauge that omits food and energy, Fed Chair Janet Yellen generally dismisses price fluctuations in both categories as "transitory" and therefore not central to monetary policy decision-making.
Read MoreDon't expect Fed to signal rate hike: Strategist
Low inflation readings, particularly the latest CPI, "will certainly give the Fed pause for thought in whether to raise interest rates or not at the next FOMC meeting in mid-September," Paul Ashworth, chief U.S. economist at Capital Economics, said in a note.
"On balance, we still think the Fed will go ahead and raise rates in response to the cumulative improvement in labor market conditions. But the decision is finely balanced," Ashworth added. "With underlying price inflation and wage growth still muted, a case can also be made for waiting."
Anecdotally, most Wall Street economists seem to expect a September hike. However, traders at the CME are less convinced, with futures trading indicating a 45 percent chance of an increase at the meeting. A month ago, though, the probability was just 26 percent.
off the lows, ahh