How shall the market react to the FED?

[M.W.]

Nobody gives a rat's ass about Olympics. Are you for REAL?

You guys are approaching this the wrong way. Doesn't matter what the Fed announce, the game plan had always been like this:

1. China hosts Olympics in 2008. Stock market dies a couple months later.
2. China hosts Olympics in 2022. Stock market starts to die then bottoms out a year later.

Why a year later in 2023? People are too happy/moody to sell the bottom right after March. We shall wait until October-February where SAD (seasonally affective disorder) rears its uggly head. That's the timeframe for the Market to re-act what it did back in 2008/2009!

3. 4000 sp500 is bad luck in the East. We're heading back to the 1000's soon and ALL because China hosted the Olympics this year! (4800 dies to 1700 over period of 1 year is very very plausible!)

 

[M.W.]

Exactly. This is what happens when you enforce a zero involvement policy and provide maximum freedom of speech. The forum goes to shit and you attract absolute morons and extremists. Half the forum is infested by politics and those who have zero to contribute to trading and investing. The other 95% of the rest is populated by those who never generated a positive return over ANY 1 year period ever (and hardly possess any relevant experience) and the remaining 4% by crypto shills. Leaves 1/2 of 1% of decent quality content.

It starts to become real painful to unearth that 0.5% content.

What am I even reading? What the hell has happened to this place?

 

[SunTrader]

Meanwhile indices drop, drop drop while the blabbers blabber.

 

[M.W.]

Parallel universe or inverse etf? ;-)

Meanwhile indices drop, drop drop while the blabbers blabber.

 

[nitrene]

It was interesting that a few minutes before the FOMC announcement there was some upward movement in the index futures. The NQ moved up about 40 handles in the 4 minutes before the FOMC. I wonder if they were tipped off.

 

[formikatrading]

This whole week and today was forecast to be up if you can read the tea leaves.

 

[Rickshaw Man]

The FOMC just gave a green light to $150.00 crude oil. These guys could care less if people have to pay over $8.00 per gallon of gasoline. They are pussy footing around, food and energy will march much higher now.

 

[SunTrader]

Parallel universe or inverse etf? ;-)

Ummm a lot changes in 5 hours. 5 minutes even. Ya had to wait for your shift to end huh?

 

[Overnight]

This whole week and today was forecast to be up if you can read the tea leaves.

Today's main upward thrust was Powell taking 75 BPS hikes off the table.

 

[formikatrading]

Overnight -- the market was moving up this week and today. Didn't matter what Powell said.

Today's main upward thrust was Powell taking 75 BPS hikes off the table.