Is today Powell's Revenge Against Trump?

Z

zdreg

Powell gave Trump, in his speech yesterday, what he wanted, knowing that there would be a big selloff because of his remarks.
 
I really hope we have more selling tomorrow. It would make me happy to be able to buy anything again at a cost that at least sort of makes sense.

Dow 22k by end of July would be very nice. Please Daddy Powell make it happen.
 
zdreg said:
Powell gave Trump, in his speech yesterday, what he wanted, knowing that there would be a big selloff because of his remarks.
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Geez, we are just testing daily 200 simple moving average. Come down, relax, drink a Whisky and enjoy the show.

Meanwhile buy OTM index calls. ;=)
 
Nighthawk said:
Geez, we are just testing daily 200 simple moving average. Come down, relax, drink a Whisky and enjoy the show.

Meanwhile buy OTM index calls. ;=)
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Last time SPX did that (in March) ... it dropped another 30% more.
 
this sell off was just markets being completely over bought. They are saying its from the increase in virus cases in Texas and Florida but this news was almost a week old already. Then they mentioned the fed, nope powell was just as dovish as he could possibly be. Tomorrow should be interesting because now we are going to see how resistant holds. Again keep in mind literally nooooooooooooo one is predicting a revisit of March lows, absolutely no one and I bet the fed comes in with trillions more to keep that from happening so bulls can sit back soon and collect free rally money straight to new highs.
 
Yeah the stupidity of this rally is scaring everyone, so they want to smack it back to reality. But make no mistake, the Fed put is still there in case pullback gets out of hand. The country cannot afford declining stock market during this uncertainty. This is the new normal. Embrace it.
 
qlai said:
Yeah the stupidity of this rally is scaring everyone, so they want to smack it back to reality. But make no mistake, the Fed put is still there in case pullback gets out of hand. The country cannot afford declining stock market during this uncertainty. This is the new normal. Embrace it.
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the country can, the incumbent can't
 
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