Gotta love ZERO RISK in the SP500 = $$$

What market needs is a confirmation that ZIRP is here to stay, you don't raise rates when economy is stagnating and this amount of debt. To raise to make a statement is pure arrogance. Top is in.
 
romik said:
What market needs is a confirmation that ZIRP is here to stay, you don't raise rates when economy is stagnating and this amount of debt. To raise to make a statement is pure arrogance. Top is in.
More...

7 years of ZIRP was more than enough time...Once "emergency measures" become permanent, that's just asking for trouble...then again Bernanke handed this off to Yellen when he announced that he would extend ZIRP forward several years (regardless of what the economic data would show in the interim)...

Anyway, it's largely a moot point as "rate normalization" is essentially impossible at this point.
 
Two lower highs on the ES, this thing is cooked, no christmas rally coming.



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the cash SPX was tagged almost to the tick of the big channel connecting the 8/24 lows thru the 9/29 lows...it obviously produced another mega squeeze into and thru the FOMC...and now that channel is right around 2000 cash...so not that far away
 
Unbelievable, market puked into the close, and i missed sizing in today by a quarter point, lol. Im currently short 1 ES from 2070, what a joke. :(
 
No more screwing around, more rate rises next year, so however they massage it stocks will be heading down. Christmas rally ain't happening this year, I feel great relief that my bet is coming into fruition.

I recall someone saying that my stop above ath is too wide and I replied that it's essential to move stop outside ath when betting on a macro chart and what happened since proves the point, they almost moved index there, but failed.
 
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