The first 200 pages of this thread (just prior to the beginning of the great recession) and the last 200 pages of this thread are eerily similar in that posters are saying the exact same things. Maybe I should patent a new indicator: the ETZeroRisk Oscillator
Wow ECB won't raise rates till 2019....pfffttt.....I hope inflation spikes and forces these doves to hike.
And that curve continues to flatten despite the strong economy. Could it be that once Europe let's up on their QE, the US long end shoots higher? Perhaps. See that, impending doom right around corner, which means we're gonna have more Macho Man new highs for the rest of the summer.
Freddie Mac Mortgage 30 year rate is up a full percent since last year and at an 7 year high - even though it is "only" at 4.79 The trend.
Once the ECB stops QE the overnight ramp in index futures will stall...yikes....thats stupid easy money.
Let's see what RTH session brings but as of the close yesterday SPX was basically right where it opened the week. And volume this week (yup know it is June and all) was lacking ooomph. Clean break out of the range in jeopardy.
Relax, it won't fall far...CNBC needs to tell the lunch crowd. The Dow had been down over 200, but has since recovered and is well off the low...same thing over and over.