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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Don't bet on the dip happening.
Buy now, don't pay later!
buy it at 55, put a stop in at 44 and go to bed...i reckon you'll make at least 10 points overnight...
I'm out at 73
/winks at Pricechange
In case you are wondering why it spiked up, i think it might be China cutting interest rates.
But...markets tumbled exactly after they cut the rate last time.
In case you are wondering why it spiked up, i think it might be China cutting interest rates.
edit: yep, they cut by 25bp at 12.15pm uk time, index futures, gold, oil all spiked all the news.
25bps cut and 50bps RRR cut.
romik, technicals (even though we disagree on the interpretation of the charts) go out the window when fundamentals like monetary policy (e.g. china cutting rates) assert themselves.
If they say we rallying today due to China, then why did markets tumble straight after China cut rate last time? That's not the reason, if markets believed that us interest rates would rise, then that would cap inflation (not the reported one, but everybody knows life is getting more expensive overall, do your own survey), if they stay or even chance of getting LOWER, then that only means prices are going to keep rising (bubbles).
I'm out at 73
/winks at Pricechange
Another great call, wish I could get over my hangup of thinking this market needs to go down and just be a wild bull, LOL, i think the market looks incredibly toppy at 2070 though, but its hard to tell if im just being stubborn at this point, but i like to play this game in my head with stubborn parabolic shorts in the equity market where i think to myself "Ok, whose left to buy at this point" And usually when i cant think of a good answer, the stocks react the way i think, but who knows whith the TrollES.