I've read somewhere that the day after FOMC usually went into the other direction.
The Rocket will be taking off tomorrow
- Thread starter SoyUnGanador
- Start date
I've read somewhere that the day after FOMC usually went into the other direction.
There's a lot of hedge funds still short and they're watching carefully now, to see if we break this flag and if any more refineries catch fire. Energy availability is the alpha input to all economic activity, and a lot of consumers are cashing in their chips to pay the gas bill. 
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OK
[Delayed 1;18 Wed/CST note/ good call Up + now down down]A Wherner Von Braun, rocket king helper asked ,''You mean zee rocket can come down also??
Ok now you got me worried. I'm flat until tomorrow!
That bank is now insolvent.
Houston we have a problem!
Actually the day used to be positive lately
Then it reversed the next day.
But I don’t expect tomorrow to be positive.
Because the trend is down. Anyway.
Its probably going straight to the June lows and probably lower. Massive demand destruction from the end of ZIRP. Really shocking to go from ZIRP to Volcker level rates -- well at least 5-6% probably not 20%).
The ARKK stocks probably go down another 50% except for Tesla. The strangest dichotomy to me is the way the cyber security stocks have held up even though most of them have incredibly bloated valuations. Most likely they will go down a lot more too, even Palo Alto Networks. And if Biden is to be believed the pandemic is over so the vaccine stocks are doomed as well even Pfizer & Moderna.
The ARKK stocks probably go down another 50% except for Tesla. The strangest dichotomy to me is the way the cyber security stocks have held up even though most of them have incredibly bloated valuations. Most likely they will go down a lot more too, even Palo Alto Networks. And if Biden is to be believed the pandemic is over so the vaccine stocks are doomed as well even Pfizer & Moderna.
Similar setup in '29, fed started tightening at the top of a parabola, right as the economy cratered. Then the government started spending, spending spending. Then all nations sent young men into battle.