What comes next for SP500: $2100 or $2900

[murray t turtle]

Fed made it clear they are not coming in to buy e-mini S&P futures, SPY, QQQ, DIA, IWM to save the equity market...…..

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Doesn't look like much of anybody is buying IWM= LOL. DAL sector is still mostly down trending + has been downtrending past 3 years.
SPY/QQQ are in good uptrends/ medium + long term...…………………………………………...

 

[VolSkewTrader]

i remember it well. The bailout was to purchase mainly mbs, corporates and bad loans. They saved the creditors, but destroyed the shares of GM, Citi, and AIG when they nationalized them.

And they didn't buy one SPY ETF or S&P e-mini future....not one. Good luck leaning on that unlimited Fed bid when we make new lows...it won't be there.

 

[murray t turtle]

i remember it well. The bailout was to purchase mainly mbs, corporates and bad loans. They saved the creditors, but destroyed the shares of GM, Citi, and AIG when they nationalized them.

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Mostly right;
but GM/labor unions C, AIG , LEH goofed up long+ strong before the gov got in.
US stock market uptrended 100 years before there was a Fed...…...………………...………………………...…...……...……...……………...…...……………………………………………………………..

 

[noddyboy]

They sure did step in. They bailed out banks auto makers TARP and unlimited QE

You dont remember?

If you look at the poll, 90% predict lower, so the fact is, you are the biggest bull.