Why the selling?

[Tarzan]

Why all the selling?

 

[Ichimoku]

USA inflation fears

 

[KCalhoun]

More sellers than buyers

 

[Ichimoku]

BTW on US Oil, potential short to $61.57?

 

[Tarzan]

Actually it was due to a sell off in bonds causing bond yields to rise. So that is why stocks sold off.

 

[Ichimoku]

How about Fed tapering?

 

[Overnight]

People are selling bonds and notes because there is a real danger of the US defaulting on it's debt. We have until OCT 18th according to Yellen. If Congress doesn't get it's act together, the world economy is doomed.

 

[hafez50]

Bs we’ve seen bonds rise big 1000 times and the mkt still sky’s . It’s called a reason after the fact . It’s always the case . Cramer turned bullish last week and was dead wrong . 10-1 says he pivots and says the mkt ugly “ don’t buy “ anything . But he won’t mention a word about his wrong call .

 

[Tarzan]

I also think Powell mentioned “inflation might be slightly more than transitory.”
What does that mean? It means we have a problem with inflation.

 

[Overnight]

Bs we’ve seen bonds rise big 1000 times and the mkt still sky’s . It’s called a reason after the fact . It’s always the case . Cramer turned bullish last week and was dead wrong . 10-1 says he pivots and says the mkt ugly “ don’t buy “ anything . But he won’t mention a word about his wrong call .

That's not true. I remember his saying at the beginning of the month, we were entering the traditionally worst time for the markets, and then saying 2 weeks later that starting on the 17th is the worst of the worst 2-week period going back 20 years, and he is not hopeful for any bullish action. He just liked certain stocks, which is his usual MO.