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Well that was an unhealthy reaction
- Thread starter DeepFried
- Start date
I thought it was a standard reaction to a FED pump and dump rate cut.
The door is now open for shoes to drop.
The door is now open for shoes to drop.
Quote from DeepFried:
At the top of an overbought range and backing off +170 on the Dow to finish negative. A lot of people looking for a big selloff in crude and a massive dollar rally to go with a market rally. Doesn't look like it's going to happen barring some wackiness overnight.
Markets do well in the day after the rate cuts. Just look at old charts on SPX.
Quote from HedgefundTrader2:
Feds should NOT be cutting any rates. Enough is enough. Too much of money floating around good for another years til 2009!
Hence the market reaction. If the Fed left rates unchanged and said they were done for this cycle I think we would have seen a different take. Instead, we got the usual "on the one hand, on the other hand" mealy-mouthed wimpiness that doesn't signal leadership and makes markets uneasy.
Quote from DeepFried:
Hence the market reaction. If the Fed left rates unchanged and said they were done for this cycle I think we would have seen a different take. Instead, we got the usual "on the one hand, on the other hand" mealy-mouthed wimpiness that doesn't signal leadership and makes markets uneasy.
Markets always rally the next day after Fed rate cuts. Refer you to SPX charts.
Do not go buying SPY puts that will blow up your under capitalized account.
Quote from athlonmank8:
lol their rate cut preceded the last hard sell-off.
You're just hell bent on this aren't you?
Why can't you wait till next day and see what happens. Nothing is sure, but I wont be shorting anything at this time. Great danger of a tidal wave taking your account to the deep sea..