Not short nflx if you want to short FANG stocks you Have FNGD but I wouldn't buy now, if any other FANG stocks show great earnings like Amzn or apple FNGD will be back in the high teens. I sold off my shares of FNGD around $20.75-$20.80, trading now of course at $21.20+
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Not short nflx if you want to short FANG stocks you Have FNGD but I wouldn't buy now, if any other FANG stocks show great earnings like Amzn or apple FNGD will be back in the high teens. I sold off my shares of FNGD around $20.75-$20.80, trading now of course at $21.20+
Sell off....what sell off......Hungry buyers to the rescue.
You beat me to it. Was just about to post that hilarious headline!!!
After reading the article i find that I don't think there has ever been a time where the need to lower interest rates in a booming economy has ever been yelled out so much.
Rather than keep rates elevated to give central banks room to cut in the face of a crisis, Williams said the proper move is not to “keep your powder dry.”
So basically let's just cut rates to zero and keep them at zero forever. If there is this much talk on all this dillema then let's just push rates to zero percent and call it a day. I could see if rates were at astronomical levels, but seriously they are just above 2% which considered historically low. What is this worry all of the sudden?
Watching CNBC, a lot of smiles and smirks at the rally today!
This was the "reason" for the turn around before the close.....pretty funny to believe the fools on wallstreet are hyped that the fed may give them 50 basis points after what the fed president said today.
Not happening, hope there isn't a huge disappointment, they are still getting the 25 basis point cut. I mean that should be a little entertaining for them, right. Clears room for more rate cuts throughout the rest of 2019. Why give away all the presents at once when you can hand out gifts all year long!!!!
The indexes turned around in the afternoon came after New York Federal Reserve President John Williams said the central bank needed to “act quickly” when the economy was slowing and rates were low. “It’s better to take preventative measures than to wait for disaster to unfold, ” he said in a speech.
After Williams’ comments, traders increased their bets that the Fed could go deeper than a quarter-point cut at its meeting in late July.
Not happening, hope there isn't a huge disappointment, they are still getting the 25 basis point cut. I mean that should be a little entertaining for them, right. Clears room for more rate cuts throughout the rest of 2019. Why give away all the presents at once when you can hand out gifts all year long!!!!
The indexes turned around in the afternoon came after New York Federal Reserve President John Williams said the central bank needed to “act quickly” when the economy was slowing and rates were low. “It’s better to take preventative measures than to wait for disaster to unfold, ” he said in a speech.
After Williams’ comments, traders increased their bets that the Fed could go deeper than a quarter-point cut at its meeting in late July.
The reelection cycle is in play. Trump has set it up in spectacular fashion. He has the FOMC in his back pocket, he has China also. He knows at the first sign of the markets really crashing he has levers to pull. Buy the dips and get paid, You can short just have your stops in place.
Its easier to buy the dips and trade in the direction of the trend.
Its easier to buy the dips and trade in the direction of the trend.
To be honest I cannot see him winning reelection only because in all my life I have never seen so much hate and disagreement towards a president, I mean there has to be tens of millions of people who are going to vote democratic just because. I would be completely baffled if he won and I'm very neutral on who's next president, but I just can't see how he can get votes after seeing continuous bashing of him by millions of people. Yes he does have the fed backing him up since earlier this year so that's a plus one for him but everything else I notice has him getting little to no votes on the next election day
I can't give you an answer or guess because they are definitely 9999999999999% cutting rates!!
Not 50 basis points but million percent+ it's going to be a solid 25 basis points. No way no how they don't cut. They have to at this point.