Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
These markets have something in store almost every single fucking day now. I used to think it was a weekly thing but it seems just about every day to every other day something is getting smashed down and something else is spiking. These CB driven markets driving literally everything: assets, fx, the entire commodity complex - the correlation is completely ass.
I swear ive probably churned over 20k in the last month up and down only to end up only slightly ahead of where I've started. Atleast it's not losing, but c'mon.
I swear ive probably churned over 20k in the last month up and down only to end up only slightly ahead of where I've started. Atleast it's not losing, but c'mon.
yeah, no joke...and their henchmen are furiously buying em ugly via the CME CB Liquidity Program...it's "Onion-esque".
This guy is spot Fu$king on....he says this rally has nothing to do with economic growth or earnings strength it all has to do with the CENTRAL BANKS..
http://www.cnbc.com/2015/10/23/dont-drink-kool-aid-behind-rally-fund-manager.html
http://www.cnbc.com/2015/10/23/dont-drink-kool-aid-behind-rally-fund-manager.html
And it's not that buying em is a bad move intra-day, but then you look at a slightly longer term chart and realize the ES was at 2009 2 freakin' days ago...65 pts up...if we flipped the charts, NYSE would shut down and the retail brokers would be offline and every other gimmick imaginable to stem the tide...
The world central banks are going to create a massive collapse for these world wide economies..
Hey if China is growing at 7% why are they cutting rates for a 6th Time since November of 2014???????
Soon the world economies will have 0% interest rates and QE QE and more QE
Then again Rickshaw Man says the same thing every day...He's got a very, very valid point..and it was the same thing that kept me from being a completely moronic, raging bear in September...I've seen this damn scenario play out (while in the market and on the sidelines) so many times in the past dozen or so years...Trend is down and it bounces and everybody is lining up their retracement levels to get short...it gets there and stalls, maybe gives em a down day, so everybody gets even more "bear'd up" and then it springboards higher...stalls again at next level...rinse and repeat until all those precious retracement levels are flushed...
Basically it just goes from "risk on to risk off and back" and when it does that the entire profile of the market flips...This year they simply targeted Q4 and all that selling just went away..I thought it would extend till mid-oct, but nope...that Fri, Oct 2 was the day...totally scripted.
Yeah, probably...but it's become too damn easy to continually "extend and pretend"...verbal manipulation suffices if the market obeys, if not, then they do it the "hard way"...