Big fed rate cut, market's up huge and thread after thread here at TrailerTrader.com talks about how bearish it is. Most of you morons couldn't find your ass with both hands and a map.
The equity markets are easier to predict in the medium to long term, in the short term there is a lot of noise and random action. Maybe this will get the dumb sideline bulls in at the HIGHS and they will panic sell when reality sets in that the 50 bp doesn't mean much as prices go lower. The bulls have hung themselves on their own petard with the 50 bps, the sharpest rallies are in bear markets. Remember that.
And today couldn't possibly be an example of the bears realizing that the rate cut means a hell of a lot. The bulls didn't lower rates, the Fed did. According to the crew at TrailerTrader.com, we are ALWAYS in a bear market.
You really didn't make anything unless you sold....a rising tide raises all ships....everyone's a genius and cocky when the tide rises. Hope you know how to sell & get back in...that's the only time you can brag & say you made $$ today.