In what way have they lost control ? It seems very much like they are in control ... for better or for worse
I'll go easy on your first post ever to this forum, by subtly suggesting that when you quote someone on this site, you "QUOTE" them, rather than make it seem like it is your original typing. Thanks you very much. FLOM.
Interesting Do let us know when the signal forms... this signal "upon analysis of charts and other variables that say now is the time to take stock." How long have you been trading?
Lost control was too extreme. Call it a typo, sorry... LOSING control is appropriate. In my view, the current Repo scheme is all about holding down short-term interest rates. EOY produces a fuzziness, but once into the new year this ongoing, no end in sight, elevated Repo will take to the stage. Note: Repo is not QE! It does not, nor is it meant to "stimulate". It is a behind the curtain, under the hood mechanism for domestic AND foreign participants.
A big event has just occurred: The yield curve has started to go back to normal, so who's going to take credit for that ? The FED, of course. They will be on their "high horses" until their next policy decision. Jerome Powell is now like Chris Hemsworth in Thor : invincible. https://fred.stlouisfed.org/series/T10Y2Y
Strange comment coming from someone that gave the advice to buy the dip as it is a sure way to profit, notwithstanding that a couple of posts after that brilliant advice, you said: "Can you tell me what the stock indexes will do next week? I sure can can't." You seem to contradict yourself, yet you assume that someone telling you that it is not possible to distinguish between a "dip" and the start of a correction, is not a trader.
Don't fathom Rick, really. During the next correction he'll vanish, like he has for the last 4-5 corrections over the last 3 or so years. And will magically pop up again after the next correction and claim is it all clear and sunny skies for the longs. Until the next correction after that, where he will then again magically disappear. It is a pattern. Look for his posts in Q4 2018. It is eye-opening, both is rarety and lack of conviction. And he doesn't even trade live monies. A fascinating study on someone who has seen this over and over again.