S &P 500 just broke through 3700! Highest it's ever been in history!

[DiceAreCast]

That is not true. Show me where in the Federal reserve act it states that the Feds mandate is to maintain USD as reserve currency. The Fed has three mandates, none of which is what you mentioned.

Tinfoil hat central. Small time gamblers injecting their own opinion into clearly spelled out mandates. That's why so many day traders lose. Average intellect equals that of garbage collectors.

Some people still naïve beyond comprehension

Whatever is a law you must remember 2 things

1. Fed is not independent. It has some autonomy at a times but in crisis mode they just follow orders
2. Fed main unofficial mandate is rising asset prices. Their stable price mandate is a joke and their employment mandate is beyond their scope

Another unofficial mandate is they also must ensure dollar is not in danger of losing reserve currency status.

 

[virtusa]

That's why so many day traders lose. Average intellect equals that of garbage collectors.

They collect the trading garbage (the losses).

 

[Cuddles]

They collect the trading garbage (the losses).

ixnay on the unsgay; for there to be winners, there requires to be a losing side.

 

[JSOP]

I guess I spoke too soon. Lost $1K+ in trading today. Let's see what tomorrow brings.

 

[murray t turtle]

waz trading the original sp at 180 lol.

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That maybe the idea like SPY;
or that could predate SPY. Good uptrend/SPY Hit $371.04\but they are selling it on weekly charts.........................................................................................NOT a prediction.