Rick can't respond because he had to flip his monitors upside down to get the markets to go up past couple of days. Therefore, he can't read the forum.
All of sudden negative interest rates are a possibility....I have spoken about this being the absolute scenario once the global economies and world markets collapse, no one believes it now until it actually happens. Negative rates are coming. The fed cannot raise rates any higher....the fed funds rate should have been 5-6% today, but since they always give wallstreet what they want they can't go much higher than where they are now. So the next crisis will push rates to 0% in a matter of months maybe even weeks and the only thing left after that would be negative interest rates and that's where we are headed.
Everyone is hoping the 50 day crosses over the 200 days to keep the rally in tact but that is looking very doubtful ... tomorrow job numbers. I'm sure they will try and make any number a good number in hopes of rallying the markets into the close of the week....
Wowowowowwwww Unemployment 20,000 jobs created .. ouchhhhhhh U.S. nonfarm payrolls were expected to increase by 180,000 in February, while the unemployment rate was seen dropping to 3.9 percent, according to a Dow Jones survey of economists. Payrolls rose by an initially reported 304,000 in January, while the unemployment rate was 4 percent.
You guys do know that when Rickshaw stops posting that's the sell signal OR more to the point..if the overnight drift-a-thon suddenly stops spitting out counterfeit coins, grab your wallet.
Sold some short ETFs . Perfect trading conditions.... finally volatility. Will be buying back the short ETFs after the s&p makes another run to 2800. Still holding onto many short ETFs though.