This Market Sucks!!!
- Thread starter retire45
- Start date
The fact is you are running with the elephants and you can get killed. These last 1/2 hr moves are well timed and planned. They are not some arbitrary phenomena. There goes a whole lot of planning and executions. Big houses, hedgefunds, institutional traders have a consensus among themselves.
After beating the crap out of you for 2 days they got in and bought the market cheap didn't they? Than again on Monday they will rally and unload the goods by close of the day.
Read my other posts " One more rally, one more scalp, one more day" . Its a well oiled machine taking people's money.
hah, yea ok, what happened on January 22nd around 8:15am when the futures were down 500 points,
WHAT DID THE FEDERAL RESERVE DO???
They were worried about the bear market and that liquidity was drying up faster than they could print greenbacks and what happened....they cut the rates by .75, They couldn't even wait until the end of Jan to make the move, they got worried. Then comes the meeting and they lower them again, just what WALLSTREET wanted, right?
Just because you are long since DOW 14k you don't have to come on here and bash about 98% of my posts, you dont see me bashing anyone, do you???
Understand the market is broken and the only way to fix is too lower rates (thats what the federal reserve thinks) and bail out every damn financial company that created this mess.
First off, I am not "long" the market.
Secondly, if the FED was so concerned about the stockmarket entering a BEAR phase, then why did they wait to ease in any dramatic sort of way until mid-January when the market had already broken "hard" back in August, and then again in November???
Your logic is so inconsistent that it could be mistaken for a "pretzel".
Moreover, for months you have made post after post claiming that the FED has been PUMPING MONEY into the system, yet up until January the Fed Funds rate was trading at nearly 2 full points ABOVE the 2-year Treasury Note yield. If you think that such an intermarket relationship is a reflection of the FED pumping money into the system, you really need to go back to school.
You really need to take a course on "Monetary Policy" in order to have a much better understanding of what PUMPING MONEY into the system really means because you clearly have no idea what you are talking about.
I was watching all morning as the sellers were pounding the tape, huge bids in ES were catching it all the way down. Then we saw that consolidation area, it was a dead giveaway that the buyers were passively absorbing the selling, but not chasing it higher. On ES, YM, ER2, and NQ price action was in deep support area that has lead to violent bounces the past few weeks. The large bids and the support area had me also adding to longs in the ES every time sellers probed the lows.
All it took was a little fuel for the buyers to kick in the programs ie the Ambak rumor. If it wasn't that rumor it would have been something else. Supply was all but gone.
For the people who are blaming the market for being difficult: How can you risk your money if you don't do your due diligence and pay attention to the basic internals of market action? Why even trade if you aren't willing to pay attention to the obvious signals the market is telling you every day? It really irritates me that people just gamble their money away when it is possible to make decent money in the market. You just have to pay attention and STOP GAMBLING. You're blowing your money that you need to support your wife, kids, etc. It's ridiculous.
If you can't do the work, stop trading.
All it took was a little fuel for the buyers to kick in the programs ie the Ambak rumor. If it wasn't that rumor it would have been something else. Supply was all but gone.
For the people who are blaming the market for being difficult: How can you risk your money if you don't do your due diligence and pay attention to the basic internals of market action? Why even trade if you aren't willing to pay attention to the obvious signals the market is telling you every day? It really irritates me that people just gamble their money away when it is possible to make decent money in the market. You just have to pay attention and STOP GAMBLING. You're blowing your money that you need to support your wife, kids, etc. It's ridiculous.
If you can't do the work, stop trading.
I'm with Landis, you have no idea what you're talking about, you just copy & paste stuff you read in articles or elsewhere "the Fed is printing money 24/7", "the Fed doesn't want a bear market, short every rally". It does never get old does it? But instead of bashing you, I will ask you a question: What should the Fed do in your honest opinion in order to fulfill it's mandate of securing a balance of moderate growth and moderate inflation.
Just so you understand, the Fed is (from what we know at this point) going to take the rates to probably around 2.0% this year, thus hopes to save the banking system from looming armageddon and sees GDP growth for Q1 and Q2 of this year 'below trend', i.e. between 0% and 2%. I do not want to debate with you if you think that's achievable - we all know how what you think from your daily repetitive drivel - I am just pointing out this is the Fed's working scenario. Once this pans out - so they hope - they want to rapidly (unlike Greenspan in 2004 who left rates too low for way to long) hike rates again on the first evidence of stabilization of both employment and corporate profit growth.
So... instead of the above, what do you suggest the Fed does given the financial and economic backdrop? And why do you think your proposed course of action will yield better results of achieving stable growth and low inflation.