keep buying into the close, zero risk of any downside, as I said yesterday markets are going to surge 3% this week.....historical highs end of this week. ZERO RISK as long as the fed keeps bowing to wall street.
With the Fed's credibility terminally smeared across the windshield of the Marrine Eccles mobile, courtesy of the latest "dots" forecast which proved yet again - and beyond any doubt - that the FOMC members are just a pack of chimps throwing darts, or perhaps feces, at a fed funds forecasting dart board, we can now honestly say that the one Fed (ex) member who was 100% accurate (if only in this forecast), and who saw the writing on the wall early on and got the hell out of Marriner Eccles while he could, is Ben Bernanke. As a reminder, this is what he said (via Reuters): "At least one guest left a New York restaurant with the impression Bernanke, 60, does not expect the federal funds rate, the Fed's main benchmark interest rate, to rise back to its long-term average of around 4 percent in Bernanke's lifetime. "Shocking when he said this," the guest scribbled in his notes. "Is that really true?" he scribbled at another point, according to the notes reviewed by Reuters." Yes, it really is.
oil up 3%, gold surging, natural gas surging, markets rallying, best bull market in the history of all bull markets, don't worry about any decline in markets, the fed will always be there to save it....prior to this surge it looked like the markets were on the brink of falling apart, but like magic a minute after the 2pm announcement the markets surged just like they were supposed to do.... Everyone talking about a september rate hike....and guess what, when september starts to roll around they will all be anticipating a rate hike in 2016....they are in zero rush to raise rates. expect no rate hike in 2015, so just move along and lets keep this risk free money making rally going!
nope.....doesnt work like that in this market, however expect a drop to that level soon.... how funny would it be if this entire rally is erased by tomorrow afternoon.... I sold all of my XIV at $33.77....went long a tiny tiny amount of SPXS...
did you hear yellen avoid the question about bubbles.....when one of the reporters asked that question..Ill find it tonight and post it....she clearly avoided it!
extreme weakness in Europe before the close (French CAC down to pre spike/stop run higher of 8pm) as soon as tmrw at open will be dropping below FOMC levels. S&P will follow and drop as hard as it went up running stops yeak i know S2007S... this market : run stop higher, then go down...