The Fed did it, calm returning to the market

[flyingiguana]

Quote from The Kin2:

Looks like we're gonna stablize around 11,650, and global indicies are already back into the green. Black Tuesday has been averted due to quick action by the Fed. Time to go long!

what bubble can the fed use to bubble out of the housing bubble?

i doubt it would have been black tuesday anyways. bond yields haven't been rising enough for a crash yet. this cut won't stop a future crash if it occurs over the next 12 months.

the fed cannot stop a recession that may in fact be the worst since the depression...

 

[The Kin2]

Quote from flyingiguana:

what bubble can the fed use to bubble out of the housing bubble?

i doubt it would have been black tuesday anyways. bond yields haven't been rising enough for a crash yet. this cut won't stop a future crash if it occurs over the next 12 months.

the fed cannot stop a recession that may in fact be the worst since the depression...

I fully agree. However like the fed, I just look after my own interests in this exact moment in time. The future be damned.

 

[dr. fill]

Quote from The Kin2:

Looks like we're gonna stablize around 11,650, and global indicies are already back into the green. Black Tuesday has been averted due to quick action by the Fed. Time to go long!

Wait til after 10:30.

 

[alex.samant]

i think most longs have lost their common sense. if this is a chart to go long (even if it's daily and you are acting intraday)... then i am speechless and you who lose your shirts, you surely deserve it

 

[The Kin2]

Quote from alex.samant:

i think most longs have lost their common sense. if this is a chart to go long (even if it's daily and you are acting intraday)... then i am speechless and you who lose your shirts, you surely deserve it

That's a scary chart. Where is the throwback though?

 

[TorontoTrader2]

VIX is still 34! When was the last time it was this high? FEAR is still here. Margin calls selling still going on now I bet.

 

[LT701]

even the most severe bear markets have vicious rallys as shorts do not ride losses and cover

 

[alex.samant]

and what? are you going to play an "maybe rally" scenario ???

Does it really pay off!? I don't really think so.

Just sit on your ass until there is a topping out intraday and that's it. go short.

geez

 

[alex.samant]

if i was a short i would ADD here, not cover.

remember that!

 

[donnap]

Quote from alex.samant:

if i was a short i would ADD here, not cover.

remember that!

If you were short, you'd have money on the line and that would change everything.