Might not be the best day to be greedy on longs? As soon as (if) 77-78 prints, I think I'll just lock in 75 with a high risk of a stop-out. Would normally expect a pop above 79 here, but it could be sold and we'll see a day of consolidation. If trend mode - I suppose 4390/4400 is witin reach today.
If the FOMC will continue to pour money into the markets during good times. I do believe we are in good times. Think of what they will do in bad times. The one thing that can curtail there massive printing is hyperinflation. They have put the U.S in a precarious position. Why don't they back off now. The longer these idiots wait the worse off things will get. A third grader can do what they do....Hand out money. Forget interest rates, that ship has sailed. They can't even raise a quarter. All they can do is hand out money.
Got stopped out. If I'd been patient??? That was a really strong #. The fact the market, especially the 10 year, didn't react that badly said something.
we are indoctrinated that US is a consumer economy, no consumers = no economy. What if you spend more than what you make?
This is not a free market, this market is being micro managed by the U.S. Central Bank. No one in there right mind would tie up capital for a paltry yield. The only one dumb enough is someone who has access to free and unlimited money.
Are we really going to see an Outside day today? It's been a while since we had a dump into the Close, but I'm hoping today ain't one of them. Trapped long from 70 and happy to take an exit at breakeven or puke below 55.