Not a bad little rally. The DOW was at 24,001 at 15:10 and finished at 24,345.75.

Yeah... that is a bounce after a rout in other parlance.
23840 now.
Classic MM but there is a big old channel to break back inside convincingly..
I'd like to see 23333 by morning, not a very strong prediction but I'm still short so it would be satisfying![]()
You are a major douchebag but at least you are a trader. The same can't be said about most of your left-wing, anti-American counterparts.
How is that rally looking now?
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These guys have been thinking inflation is a joke until it hits them in the forehead like bat.
I have been saying Trump’s economic policies are out of whack with monetary policy, and it threatens to eat up earnings and buying power consumers. Now the bond market is in complete revolt and these guys are acting like they never stepped foot in an Econ 101 class.
It’s all the Goldman Sachs people in this administration and lobbyists in congress. They get rich on the way up and on the way down, and the public gets the debt.
How many times do we have to go through this before right wing people understand there is no free lunch. Tax cuts aren’t free, you pay for them with deficits and deficit spending in times of growth is inflationary and now the bond markets are in revolt and looking at the tax cuts like lunch meat.
And the market may stabilize but the inflation will not.