this time it is different. Trump means much lower stock prices, he has toned down the rhetoric recently about asset prices for obvious reasons. He is much smarter and better connected than the majority of people think he is. The only way to stop a correction now is for another fresh round of global coordinated QE and at present they may not be the stomach for it. The EU and global elites know its over. October 2nd will likely see the election of first far right party president/pm of a European country. April/may 2017 will see right wing leadership in France, later 2017 Germany will follow. Will be interesting to see what happens with Trump and the Fed, history tells us whenever someone has tried to change the status quo it has ended badly for them.
yes CNBC is a complete joke. To be fair though the vast majority of MSM are a joke when it comes to how the markets work.
Trade what you see, nearly impossible to predict accurately and consistently the far future, when there's momentum is a joy to make money, when there is not, well, those days I pick up the kids at school today Im staying home, walk kids walk! Joke aside, it's September, what did you expect upside?
Heard something on CNBC yesterday. Investors are starving for yield so much, they buy stocks for the yield, but buy treasuries for capital appreciation...this is historically backwards...very weird! Good job FED! Something's got to give...eventually.
S2007S said: ..the fed never cared about market reactions 30-40-50 yrs ago now all of the sudden today the fed has to tip toe through every word they say as its dissected by every wall street fool.... they fear if the market crashes the economy will crash. therefore they prop it up eventually through helicopter money.
In my mind based on economy and Flight to quality, I should not be short Financials and Gold along with Indexes/ U.S. Dollar, but you stay with the system. So, we all know gov't has to keep interest rates low to pay the debt and keep increasing the debt. We know the Indexes are ballooned on weak volume, businesses want a weak dollar and today it has become Flight to Quality. At least Live Cattle going up.
Had a couple of longs I was literally going to unwind today and next week but that's not happening..... Sell off into the close....last 1% move on the S$P was 44 days ago!!!!