Gotta love ZERO RISK in the SP500 = $$$

[SunTrader]

Yeah. The minutes are portending a shift in Fed thinking. Markets don't like the prospect of less market props. If Biden gets elected, welcome back March 23rd lows. Especially when Trump rescinds all his tax-related orders to make Joe look bad, and then in January when Biden starts with the tax increases, and Powell goes wild and starts raising the Fed Fund rate, like he's been DYING to do since took office in 2018.

He tried it once and got slammed by Trump, repeatedly. Then he slashed rates to near zero because of the virus. He will be unchained soon, and God help us all at that time.

If you're saying Powell has been a pussy I agree.

But in that scenario God only needs to help those who are long and wrong. There is never any sympathy for those who are short. If anything people revel in those who bet against the crowd .... when the trend is with them.

Me, today is all that matters either way.

 

[Relentless]

Actually, the evidence clearly illustrates he's been wrong at almost every point in 11 years running. Remember, it's not just about a corrective move in markets, it's about determining the size of such a move. With an unreasonable expectation you don't win. Case in point March 2020 a ton of traders got caught shorting markets heavily in the early days of the recovery in stock prices. In reality, it was a huge trading opportunity long I couldn't believe the bargains here in Canada.

I'm was referring to the underlying house of cards he keeps referring to - not his actual calls. Obviously the actual calls have been really bad.

 

[SunTrader]

(Briefing.Com) said late this afternoon:-

The day started in a slow grind higher amid an absence of new macro catalysts, which was good for the positive momentum in Apple and, in effect, the major indices. The S&P 500 was only up 0.3% at its high, and a hair below the 3400 level, before turning negative shortly after the FOMC Minutes were released at 2:00 p.m. ET.

Nothing surprising was stated in the minutes, but officials remained concerned about the economy and possibility of a protracted recovery; members discussing yield caps thought yield caps and targets would provide only modest benefits in the current environment. The latter acknowledgement supported the selling pressure in the Treasury market that left yields little changed.

 

[Relentless]

Yeah. The minutes are portending a shift in Fed thinking. Markets don't like the prospect of less market props. If Biden gets elected, welcome back March 23rd lows. Especially when Trump rescinds all his tax-related orders to make Joe look bad, and then in January when Biden starts with the tax increases, and Powell goes wild and starts raising the Fed Fund rate, like he's been DYING to do since took office in 2018.

He tried it once and got slammed by Trump, repeatedly. Then he slashed rates to near zero because of the virus. He will be unchained soon, and God help us all at that time.

You might want to put down those good drugs, step back, and actually read what you just wrote.

 

[Overnight]

You might want to put down those good drugs, step back, and actually read what you just wrote.

Want some? After all, you say they are "good".

 

[Relentless]

Want some? After all, you say they are "good".

ON they gotta be good brother to come to some of those conclusions.

 

[Overnight]

ON they gotta be good brother to come to some of those conclusions.

You have to admit, it opens up the imagination flagella and eases stream-of-consciousness thinking.

I'm telling you, VIX back to the 50s during the election.

 

[Overnight]

Asia is having none of the Fed's folly this go around. Euro is sure to follow Asia and the US down. Remember, zero risk all the time.

 

[Relentless]

I'm telling you, VIX back to the 50s during the election.

I was thinking 40s but 50s is possible.

 

[SunTrader]

How about right in the middle 44.91? Anyway gap from Feb 24th not quite filled all the way. Of course it doesn't have to fill before rocketship takes off but it would be nice if it did: