long ng at 2309, 100 tick stop
out at 2343, bodged it up, could have easily taken 2370
long ng at 2309, 100 tick stop
the market is currently retracing "Draghi Day"...that ramp-a-thon when sentiment was wildly bullish...it seems 2020 cash is on everyone's radar as support...I didn't think that it would get here this fast.
seems that is the way toppy markets behave...riding high and everything hunky dory, wildly bullish... then clues and flash numbers showing that the bullish theory is showing cracks which causes some panic and a decent sell-off....bottom of the sell-off comes some savior (this time our Fed) and market bounces back up to previous levels and maybe somewhat higher....then the first clues of cracks in the bullish theory shows more detail and truth, cracks begin to get wider, people slowly come to a realization that bullish run is at its top....then sell-off retraces, abet more slowly and much deeper and the beginning of a full-on bear market begins.
We have soooo many clues here of a long cycle top in all things bullish. My final indicator was whether these super start-ups would hold high valuations and come to the IPO market with lofty prices and first day/week runs. This has quickly played out to the negative. My guess is that window has already been closed. I thought they might try to slide Uber and Airbnb through as we came back up to the top in Nov but I don't see any of that super start-up mania happening at all now. In fact, I see alot of early high valuation investors getting screwed here
That was my last indicator of a continuing bull market.................
Fun Friday eh guys? I personally think it'll become clearer and clearer that we're already entering into a recession - regardless of what all the "great job!" and other puff numbers show. Gotta wonder what the Fed will pull out of the hat this time. If they raise in Dec, which of course they won't, something will probably snap. If they wait and wait for economic improvement, they'll probably be waiting quite a long time.
You can't just print your way out of '08 - eventually the piper gets payed.
name one recession in the last 75 years that happened during ZIRP or a similar rates environment
this is a period of stagnation; recessions happen when credit becomes harder to obtain
Then why did you choose "recession2016" as your alias?

hoping the fed raises before year's end![]()