Yes, the "trial balloons" are always floated by some peripheral pundit about some outlandish policy theory to gauge public sentiment. Newspapers and the general media have done it for many years now (with instant feedback via online polls)...If the initial reaction is overwhelmingly negative, then it is shelved for awhile, until it will possibly have more support...10 years ago you would have been labelled a tinfoil hat wearing, "conspiracy theorist" if you predicted that we would follow the Japanese with Zero Interest Rate Policy (ZIRP)...you would have literally been laughed out of the room...7 years of ZIRP have now become just accepted policy, as if the majority see nothing wrong with it...hence, we have the periphery now talking about an outright ban of cash and NIRP...Nine_Ender is part of the herd calling it a "conspiracy theory", but he is also a guy who doesn't believe in bear markets either (aka a "true believer")...hence, the conditioning will need to continue until he comes on this thread and argues in favor of NIRP and a ban of physical cash to "save the markets".
WHATS THAT?????? SAY AGAIN??? CNBC ARTICLE ON NEGATIVE INTEREST RATES!!! now all of the sudden what was never even thought of or considered is now a strong possibility... Just like I have been saying....NEGATIVE INTEREST RATES .... THE FED IS worthless.... How come no one understands this. http://www.cnbc.com/2015/09/20/fed-raises-possibility-of-negative-interest-rates.html
NIRP rumors would eventually show up in another bull leg in the treasury market. Cant hide it. Smart money will be well ahead, front running the fed. I think the fed already owns a few treasuries and liquidity is maybe not so good in treasury markets as of now. I dont think its a conspiracy at all to consider this possibility. Wasnt there some verbage of NIRP at FOMC meeting? This is new and a little scary that the fed is so concerned about present Global macro. Sure makes passing on the Sep. rate hike palatable. Jeez, post FOMC look at them bonds go! Probably just a normal adjustment to the dovish fed. Already a couple fed mouthpeices wheeled out to warn of impending hikes.
Sold SVXY @ $53.65, tiny tiny profit... Rode it down $3 and back up $3...timing was off on that trade but least Im glad to know I got out for a little profit, will get back in soon under $50
Took the other side of volatility today and went long UVXY @ $47.45 Looks like markets are weakening. Nasdaq already lost 1/2 its gains!
this week is going to be ugly for stocks futures broke through ascending triangle and today got rejected at previous support