And more money injected into China banks last night. It is absolutely fu*king amazing what every market around the world does to keep their economies and markets propped up. Just keep printing money and magically that solves all problems. Why dont they just print the fu*king money and hand it out to the people. Just hand trillions and trillions to every single human on earth...who cares about inflation or economics 101. Just keep printing and printing and printing. Stock prices rebounded around the world on Tuesday, as China’s central bank moved to prop up its banking system in the face of the coronavirus outbreak. The People’s Bank of China on Tuesday said it had injected 500bn renminbi ($71.5bn, £55bn) into China’s banking system to support liquidity “during the period of epidemic prevention and control.” The injection follows a $172bn stimulus package on Monday, aimed at supporting the country during the deadly coronavirus outbreak.
Im sure one of the big indexes will hit all time highs today so Trump can claim it tonight in state of the union. He will crow like never before.
As usual, the US session is nothing but sideways. Most of the big moves occur overnight. Much easier to move in desired direction.
Bear markets are not allowed. You can not fight an outfit that has unlimited cash. Free markets died when Bernanke started QE.
You didn't say it when the S&P was down 100 points last week so you get zero credit. You are nothing but a troll who likes to take credit for stuff that already happened. Swing traders such as myself that take real heat on big positions when the market goes down know there's no such thing as zero risk. I can assure you blind faith in central banks isn't what kept me in the position. No, it was reading the f'ing chart.
Right on Que, soon as we hit another all time high, he tweets. So predictable, and so easy making free money.