As I have mentioned a couple of times before...The FOMC no longer has any interest in the stock market, because they cannot trade it anymore. There is no more "Powell put" or PPT as it was called, if there ever really was.
Just another day of S2007S losing money in his retirement fund, missing out on the energy play that he claimed was too "crowded" months ago. Hence the whining all over the board from him.
I doubt that being the reason why the fed won't save the markets any longer. If this is true than I must say look out below because these markets without zero fed interaction will plummet literally into the abyss. I'm talking an easy 80% collapse, I'm talking lows all the way down the financial crisis of 2008-2009. Without the fed this market is completely worthless.
i'm 90% in cash in my 401k account. should i wait till it drop more than 50% in spy before i hop back?
Of course I'm down on my retirement fund. I just went long today N There will be bounces that make it look like the collapse is over but don't fall for it. I believe you could do 20-25%of your retirement fund into the spy after the vix touches 40+++
Catch the bounce coming, there will be a significant rally one day this week, then an opportunity to sell take profits and wait for the drop. Rinse and repeat.