Traders got sucked in today with the hopes of the fed making “ calming statements” about rates and markets only to get blind sided. A lot of guys will say they saw this coming ( I doubt it). Seriously, this is what happens in bear markets.
Todays action destroyed many traders
- Thread starter arrowtarget
- Start date
The rug was pulled from under the market by the fed.
If you are a trader and you lost money, you're not a trader, you've just been saved by the Fed too many times.
True.
+1 right!
I made $$$ today trading post fed inverses SPXU VIXY. Best green day in 2 weeks.
p.s. I'm a trader
The price action and StockCharts do not lie. One can easily see the weakness in a lot of US stocks. The threat of war in Ukraine resulting in higher oil prices plus inflation running rampant in all sectors of the US does not augur well. Just got my gas bill and it was up almost 50% from just last month. I have a friend and he paid even more. Some people are going to be in for a sticker shock. Once, war breaks out in Ukraine, it will result in much higher oil prices. Inflation will go thru the roof. Price of oil is highly inflationary. Russia is bound to retaliate for any sanctions by raising the prices of oil and natural gas. Saudi Arabia naturally, wants higher oil prices and US oil production, now way lower because Joe Biden's policies are designed to curb any oil drilling. You still have to buy oil to fill US consumer demand. Russia and Saudi Arabia will be extremely happy with the US slashing its own throat. Dumb on all counts but, Joe Biden still has no clue.