It does make it harder to predict a downturn, or if one will even happen. Consumer confidence is on a downtrend so maybe once it gets below 60 we might see some bearish activity. If we do see some real longer term bearish activity then I am not sure what the central banks will be able to do about it aside from print more money which will just make things worse at that point. There wont be much they can do with interest rates at that point because even after a slight raise they will still be really low. To trigger a strong enough fear, a big company needs to go bust, in my opinion.
long waiting day for meager 22 points. I reckon the same 12-15 points dump at 10:15, at least I am green today.
the difference between then and now, unlike 2008, mmt allows the fed to price and buy as many as they want at par. we no longer allow foreign buyers to price the treasury because the fed will just buy it. The money we printed flooded emerging markets via private conduits, black rock, black stone, bridge water, etc ran amok.
Thanks. I meant to type sentiment previously. This is the chart I was looking at when I made the trending down comment. I don't think I was making an claims of certainty, but like others have pointed out, I perhaps don't know what I am talking about.
53 points and done. went short this morning and had morning drawdown. I was hoping to see a big dump at 10:30 again but didn’t happen. the market is too extended, better to take some risks off.