So I see ES getting a good lashing in the AH. Already down 20 points from the high, which is rather surprising considering that they've actually pumped this thing higher in the AH sessions like for weeks now. Have they had enough?
The S&P 500 will top at 3250
- Thread starter volente_00
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So I see ES getting a good lashing in the AH. Already down 20 points from the high, which is rather surprising considering that they've actually pumped this thing higher in the AH sessions like for weeks now. Have they had enough?
I don't think so. Once we pull back, we ain't coming back. US stocks will be like circa 1990 post-Japan market.
Well, you and I both witnessed the 2008 crash. It needs to trip a few times before falling down. We'll likely see see-saw actions for the next few days before it falls off the cliff.
I'm not calling for another 2008
Only a 20-24% decline this time
That "thing" is helped by US 10yr yields almost at 1.50%. Which is according to my logic a major joke. But hey, as long as the chart is saying "Buy that crap" - I just DO IT!
If people (investors) with real money are willing to buy bonds at zero or negative rates then why would you as a central banker be so kind to offer them any yield at all ?
I'm not calling for another 2008
Only a 20-24% decline this time
I am long now and actually have been for a while. That is the only way to go.
I'm not calling for another 2008
Only a 20-24% decline this time
2 down
Only 18-22 more to go