The S&P 500 topped at 3017.8

[S2007S]

Well of course she is, why wouldn't I she be. Absolutely zero surprise there!!!

Fed Chair Janet Yellen says she’s in favor of an interest rate cut


https://www.cnbc.com/2019/07/29/ex-...ys-shes-in-favor-of-an-interest-rate-cut.html

 

[tommcginnis]

Set itself up for disappointment? Yea if it was 6% off its highs!!
How can it baked into the market if market are at historical fresh highs???

This is easy:
go to this place {described below}, evacuate the building, go to the bottom of the primary cavern, turn out the lights, and bestill your heart in the darkness, lit by nothing except a single l.e.d. watch set to Eastern (U.S.) time.

At precisely 14:00:02, listen very closely for a slight little chirping sound -- like a cricket with one leg and a bad heart. That sound if you hear it, is the sound of 8,000 computers around the world simultaneously releasing their anger, disappointment, frustration and alarm, at the Federal Reserve Open Market Committee, for having the temerity (some would say, "testes" but in deference to Aunt Janet, we will stick to 'temerity) to actually stick to their data-driven guns, and go only where the data lead them: no raise quite yet; no fall either. Yes, it takes 2 full seconds for the info to be deseminated, read, computed, tested, MonteCarlo-ed a statistically-significant number of times, and results to be passed through the Interwebs to generate above-described machine response, *nearly* simultaneously. This WILL be audible, in you're in the right place:
https://theconversation.com/how-sci...s-of-the-universe-from-deep-underground-86279

 

[S2007S]

This is easy:
go to this place {described below}, evacuate the building, go to the bottom of the primary cavern, turn out the lights, and bestill your heart in the darkness, lit by nothing except a single l.e.d. watch set to Eastern (U.S.) time.

At precisely 14:00:02, listen very closely for a slight little chirping sound -- like a cricket with one leg and a bad heart. That sound if you hear it, is the sound of 8,000 computers around the world simultaneously releasing their anger, disappointment, frustration and alarm, at the Federal Reserve Open Market Committee, for having the temerity (some would say, "testes" but in deference to Aunt Janet, we will stick to 'temerity) to actually stick to their data-driven guns, and go only where the data lead them: no raise quite yet; no fall either. Yes, it takes 2 full seconds for the info to be deseminated, read, computed, tested, MonteCarlo-ed a statistically-significant number of times, and results to be passed through the Interwebs to generate above-described machine response, *nearly* simultaneously. This WILL be audible, in you're in the right place:
https://theconversation.com/how-sci...s-of-the-universe-from-deep-underground-86279

Very deep... Wednesday couldn't come soon enough. This is probably the most anticipated fed meeting since the great crisis of when they first made cuts on rates a decade ago!!!! Bring on the huge swings in volatility and that slight little chirping sound!!!

 

[S2007S]

Please please fed please fed drop rates to zero tomorrow so we can see the markets skyrocket just because he wants rates to be as low as other countries. Zero interest rates forever. And while you are at it juice them with trillions more in QE. Can't let these stocks trade sideways, need huge fed interaction to create more euphoria and continued risk fresfree newh highs day in and day out.



Trump: Expected Fed rate cut is ‘not enough’

By VICTORIA GUIDA

07/29/2019 10:19 AM EDT



President Donald Trump blasted the Federal Reserve before its interest rate decision this week, arguing that the central bank's expected quarter-point cut is "not enough."

Trump, in a couple of tweets Monday morning, said the Fed had raised rates "way too early and way too much" and also criticized the central bank for its policy of gradually shrinking its massive bond holdings.



https://www.politico.com/story/2019/07/29/trump-federal-reserve-rate-cut-1439187

 

[volente_00]

 

[speedo]

This is easy:
go to this place {described below}, evacuate the building, go to the bottom of the primary cavern, turn out the lights, and bestill your heart in the darkness, lit by nothing except a single l.e.d. watch set to Eastern (U.S.) time.

At precisely 14:00:02, listen very closely for a slight little chirping sound -- like a cricket with one leg and a bad heart. That sound if you hear it, is the sound of 8,000 computers around the world simultaneously releasing their anger, disappointment, frustration and alarm, at the Federal Reserve Open Market Committee, for having the temerity (some would say, "testes" but in deference to Aunt Janet, we will stick to 'temerity) to actually stick to their data-driven guns, and go only where the data lead them: no raise quite yet; no fall either. Yes, it takes 2 full seconds for the info to be deseminated, read, computed, tested, MonteCarlo-ed a statistically-significant number of times, and results to be passed through the Interwebs to generate above-described machine response, *nearly* simultaneously. This WILL be audible, in you're in the right place:
https://theconversation.com/how-sci...s-of-the-universe-from-deep-underground-86279

 

[Pekelo]

I agree with the call but give it 1-2 more days for the top. Probably will happen today.

Two hours after this post we topped for the day and on Monday we topped again, the 2nd day. Now nicely down...

You are welcome.

 

[volente_00]

https://www.marketwatch.com/story/t...-markets-peak-2019-07-30?mod=mw_theo_homepage

 

[tommcginnis]

((Posted elsewhere...))

SWING & a miss......

Haven't even read the statement yet.
Press briefing may provide "pop" yet. Sheeeesh.

"Release the doves!" flutterflutterflutterflutter....
CNBC's Rick Santelli just mentioned, "Well, *there's* a quarter-point gain wasted...."

He nailed that one.....
~~~~~~~~~~~~~~~~~~~~~~~
Well, listening to the statement/press conference, I guess I don't disagree that much, but I'm still disappointed.

This does, however, very much remove the trigger for my notions on a big spike down and a 36-hour recovery.

We're into summer now, and with less trading going on, the idea of a *slight* -2%-4% and quick "correction" seem much reduced. A collective "Meh!" through Labor Day.

With good earnings continuing this morning, there's much less of a looming downside hiccup than before. (Let alone, 2650.)

If I was medium-term bullish before, I'm short-term bullish now, as well.

 

[volente_00]

How dare you doubt Volente