damn, what to do what to do, Im looking at a 50/50 chance of a rate hike tomorrow, and the thing is I have no clue where these markets are headed....I really think though if I had to take ONE GUESS I would say HIGHER.... I think if they raise .25% the markets will feel total relief that the next rate hike isnt coming until 2016, that means they have no worries until next year.... and if they don't raise well thats just the fed being very dovish yet again and markets will rally on that news so no matter what I take it as an up market no matter what the fed does....and I do think the s$$$p breaks above 2000 which should have everyone jumping in all at once so I think a 2-3% jump in the next 5-7 days is not out of question....however keep some cash on hand to go short
Well, I am short, stop few points above ATH SPX, banking on more downside prior to further advances in the index above ATH. More discount is needed to propell index to ATH and beyond.
Just sold a 1/4 position in XIV @ $28.25, holding onto the rest going into the fed meeting, the way XIV was falling it seemed like people were rushing on to place protection on tomorrows fed meeting......
I literally bought TQQQ only a couple of days before the huge sell off, I rode it all the way from $97.20 DOWN to $65, never added any more shares and never sold, I knew the markets were going to come roaring back and TQQQ was going to move higher.... rode it all the way back up to $100 and sold today at $99.05, talk about volatility....whewwww....glad to be out, now I have some extra $$$ to play with tomorrow for anything the fed throws at the market....
Time to start buying DWTI.....BACK in DWTI at $99.00 a little higher than I want to pay but not worried. only bought 1/4 position, will sell above $115-$120 Will add more below $80, right now still own lots of UWTI so I figure why not play with DWTI as well. GUSH is kicking a$$ today up 12% however just breaking even on it since I jumped in last week at $13.75. Looking to sell that above $15+
In DRIP @ 72.40, very small position...first time buying it, huge swing, large spread and little to no volume, figure why not buy some shares...
I told you they'd raise 0.25% now much earlier this year and you said in about 20 different posts that there will be NO interest rate hikes this year. Your forecasting skills remain very weak. You know that 30-40% crash you are expecting to occur very soon ... not going to happen, in fact there is pretty much zero chance this will happen at the moment. Corporate profits are too strong and the US economy is actually gaining stability and perhaps strength. Fact of the matter is 90% of traders or investors who base their decisions on conspiracy theories and/or short term news will lose money. At some point, you need to realize this and adapt or you are doomed to years of frustration yelling about assorted demons on this board.
There are arguments either way as to what will happen in the event of no rate rise and also in the event of a rate rise. No one knows for sure.
were not there just yet, will know in 24 hours if they raised rates, if anything like I said even if THEY DO RAISE rates to .25 or .50% by say mid 2016, the next recession will take rates right back to 0% thats why Im saying 0% rates will be here for a long long long long time....any hint of a recession and wham, rates go right back to 0%, meanwhile they should be at least 3% today. Fed has nothing to work with....zero exit strategy, remember that.