Parabolic move is what we are witnessing..8-2020
- Thread starter Rickshaw Man
- Start date
How is this news. We all know the fed will keep rates low for decades. 2% rates would be considered extremely high in this weak pathetic economy.
Dow jumps 270 points to session high after Fed pledges to keep rates low for years
https://www.cnbc.com/2020/09/15/stock-market-futures-open-to-close-news.html
Dow jumps 270 points to session high after Fed pledges to keep rates low for years
https://www.cnbc.com/2020/09/15/stock-market-futures-open-to-close-news.html
Just stay long for 3 more years
3 more years?? Like I said 30-40 more years of 0% fed rates and the longest bull run in anyone's lifetime
You know...adding a 0 to make a prediction insane won't make the crash you are hoping for come any faster. It just makes you less credible. Why 30 years. 30000000 years then.
The red flags were everywhere warning of a blow off top. The NDX waterfall sell was -12.3%. Hope you guys got a piece of this. .
I think there is a good possibility we see a 2nd leg down about the same size as the first. Looks like the reaction rally may have gone as far as it can. Only time will tell.
I think there is a good possibility we see a 2nd leg down about the same size as the first. Looks like the reaction rally may have gone as far as it can. Only time will tell.
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Markets crying for that stimulus package. Its coming very soon. More markets drop the quicker they will pass the trillion + stimulus package. I can guarantee that if markets drop next week you will hear how close congress will be to passing this multiple trillion dollar stimulus package. Get ready because when it comes markets will swing up at least 5%
That is a good point you make, perhaps stock piling credit cards and seldom use them, paying them off each month. I been buying Gold coinage for years, but when the crap hits the fan who is going to buy them?, value for most anything declines. I can use gold coinage as collateral to buy real estate as last depression of 1930s Grandfather bought blocks of land on fringe of Chicago using gold coins. Depressions are where rich get hugely richer.
Government is printing every month. Biden will lose, can't believe that is the best the Democrats got?
Even with President Trump winning, markets might serverely go down.
Am still generating more cash, dumping stocks going nowhere and declining dividends. But changing what is being traded, backing away some from scalping/day trading as this has greatest risk for me, pushing more into directional weekly option trading. Still love long term commodities.
If I wasn't so tired from trading, I take @Bones spreading course, always thought this was best way to trade.