Nasdaq back to all time highs.

Clubber Lang said:
Even if somehow that happened it would be a blessing for the market bulls because the Fed/government would immediately jump in with another few trillion in stimulus and we would be back to new highs in a few weeks with more rocket fuel to launch.
There is literally zero risk anymore.
The Fed has shown that
Don’t fight it
More...

Before we all get suckered into celebrating the "unlimited Fed"... here's an anecdote.

In Turkey from ~1983-2005, their stock market soared more than 2,000,000%! Had an investor been in on it from the very bottom and held for the entire rise... by the time they got done with the revaluation of their currency, such an investor would still have lost 98% of his buying power... a cup of coffee cost 3,000,000 Lira before the revaluation.

IOW... there is a dark side (and a potentially catastrophic one if they press it far enough) to "unlimited Fed".
 
Last edited:
Although I still expect a major selloff is likely to happen sooner rather than later...as it seems overbought, frothy....

Price action is all that matters

I'm doing a lot more daytrading than swings now.

Favorite strategy is intraday swings, buy by 10am, use 1 point trailing stop, out by 4pm. Using trailing stops in case of midday or eod reversals
 
Scataphagos said:
Before we all get suckered into celebrating the "unlimited Fed"... here's an anecdote.

In Turkey from ~1983-2005, their stock market soared more than 2,000,000%! Had an investor been in on it from the very bottom and held for the entire rise... by the time they got done with the revaluation of their currency, investors still lost 98% of their buying power... probably because a cup of coffee cost 3,000,000 TRY before the devaluation.

IOW... there is a dark side (and a potentially catastrophic one) to "unlimited Fed".
More...
Oh no doubt this won’t end well.
But for the last 11+ years the Fed stepped in anytime the S&P threatened the 200 day MA.
And less than a month after making all time highs the Fed dropped a nuclear warhead of Corona stimulus and then capped it off with a junk bond buying package!
Where is the risk?
The Fed has completely removed all price discovery and fear.
 
Clubber Lang said:
Oh no doubt this won’t end well.
But for the last 11+ years the Fed stepped in anytime the S&P threatened the 200 day MA.
And less than a month after making all time highs the Fed dropped a nuclear warhead of Corona stimulus and then capped it off with a junk bond buying package!
Where is the risk?
The Fed has completely removed all price discovery and fear.
More...

Then buy right now with no stop. See how that works out for you.
 
Perfect timing.

ECB boosts emergency stimulus by $676 billion


More free money for European markets just like here in the states. Keep that free money coming.


  • The European Central Bank increased its Pandemic Emergency Purchase programme by a further 600 billion euros ($676 billion) on Wednesday.
  • Markets were largely expecting a 500 billion euros ($563 billion) increase.
  • The new package takes the ECB's total announced monetary stimulus to 1.35 trillion euros ($1.52 trillion).
  • ECB also extended its horizon for net purchases until at least June 2021.


https://markets.businessinsider.com...nounces-further-676-billion-2020-6-1029280471
 
You must log in or register to reply here.
Back
Top