Well I changed my mind and closed it out this morning for a bigger loss than I would have liked. There are a lot more places with less risk I would rather put my money.
Never a down day in the land of prefect. Still ZERO downside risk. Every time it near support and looks like it may break all the fed heads are out jaw boning the markets. How do you fight there printing press, well you don't. You simply keep buying dips, and dips have been few and far between the past 3 weeks. This is you text book end of quarter rally. Somethings over and over and over.
I keep thinking about the words of Draghi regarding markets needing to achieve "price stability", doesn't that indicate that it's basically a ponzi scheme?
Only when the public is long and inventory is properly hedged by market makers will there be any possible chance of going down.
No more volatility.... Done....market up 13% in 5 weeks...now the markets will float higher with little to no pullback.... Volatility has completely dried up....
Yep...back to our regular scheduled program Analysts now calling for 2350 on the s$p Just keep buying....
Markets don't give a s... about analysts, they are like a choir of frogs. Currencies do not share the equities upside craze, a downturn could be hiding just around the corner.