Gotta love ZERO RISK in the SP500 = $$$

Discussion in 'Trading' started by makloda, Jan 27, 2007.

  1. jasonc

    jasonc

    So looks like it was like clockwork, the bottom was down 10% on Nasdaq and then straight back up
     
    #22541     Aug 7, 2019
  2. Overnight

    Overnight

    Odd how that is working out. I of course can never take that bet, because every long entry I take feels wrong, and I feel the market will them immediately crash 20+ percent. Oi!
     
    #22542     Aug 7, 2019
  3. jasonc

    jasonc

    Have to admit it's amazing the Chinese fixed above 7 but market doesn't care anymore
     
    #22543     Aug 7, 2019
  4. jasonc

    jasonc

    Woo! Overnight print and buy the dip again! At the point you can make so much by buying the dip it would take a major sell off to actually hurt
     
    #22544     Aug 8, 2019
    trader99 likes this.
  5. Now the long slow rise back to the top of the mountain.
     
    #22545     Aug 8, 2019
  6. No retrace today...just up up up up and away
     
    #22546     Aug 8, 2019



  7. If yields go to zero, it'll be nothing but yellow dots from here on out.
     
    Last edited: Aug 8, 2019
    #22547     Aug 8, 2019
    investeer likes this.



  8. Damn that's a Yuge drop!
     
    #22548     Aug 8, 2019
  9. Throwback Thursday! Goldman claims buybacks caused 3 % reversal intraday in both days... Haha my ass, companies don't buy back futures by the ton in trading hours

    https://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-recovery/

    Here’s the bottom line: Someone tried to rescue the market last Wednesday. And it’s becoming a regular occurrence.

    The details of last Wednesday morning are these: At the same time the Dow was off 350 points, the S&P index was down 43.80 points, That was an enormous decline in just 11 minutes of trading and it was an indication that Wall Street was not having a good day.

    Then, someone (or something) started buying S&P futures contracts en masse. Twenty-one minutes later, the S&P index had regained 30 of those lost points and was back at 1,861.

    Maybe you’ll believe that there was some manipulation going on if you knew that a guy named Robert Heller, who was a member of the Federal Reserve’s Board of Governors until 1989, proposed just such a rigging as soon as he left the Fed.

    Look it up. Oct. 27, 1989, Wall Street Journal. Headline: “Have Fed Support Stock Market, Too.” By Robert Heller, who had just left the Fed to head up the credit card company Visa.

    “It would be inappropriate for the government or the central bank to buy or sell IBM or General Motors shares,” Heller wrote. “Instead, the Fed could buy the broad market composites in the futures market.”

    In case you don’t know the lingo, Heller is proposing that the Fed or government purchase stock futures contracts that track — and can influence — the major indices.

    These contracts are cheap and a government could turn the whole stock market around quickly — but probably not permanently.

    Wow! Doesn’t that seem a lot like what happened Wednesday at 9:41 a.m., when S&P futures contracts were suddenly and mysteriously scooped up?
     
    #22549     Aug 8, 2019
  10. In recent weeks, we’ve discovered that the CME Group, the exchange in Chicago, has an incentive program under which foreign central banks could buy stock market derivatives like the S&P contracts at a discount. It’s not that these foreign banks need a break on the price of their trading. But it does show that there is a back-door way — through foreign emissaries — for the Fed and the US government to prop up stocks like Heller suggested, and — maybe — not get caught
     
    #22550     Aug 8, 2019