Actually we've broken so far so fast, that I'd bet good money that even the most bearish guys are long this stuff...It happened all the time back in 2007-08
yea where is everyone, usually when the market is flat on the day there is more action in here. where is everyone?
I think were at the point in the market where the fed is about to step in and I love it, if the fed steps in Im going to laugh so damn hard, I think a few more hundred points lower and the fed will call off all rate hikes for 2015, a drop below 15,500-16,000 will push the fed to do more QE, this is it, the moment of truth now awaits, will the fed come out and do an emergency meeting????
I gotta say, I'm pretty speechless...but this is becoming historic (mostly because after 6+ years of artificially cornering the markets higher), this shit is unwinding like no tomorrow... I kept telling myself to position for the Sept decline and so I didn't have everything I wanted on yet and then this happens. Very hard to switch gears after so many months of intervention.
so easy a caveman could do it rickshaw, post another "run into lunch" ..was just j/k with you like you been messing with us shorts for last SEVERAL MONTHS haha
Just went long TQQQ at $97.20, but a very very small amount, like 1/6th of what I would normally buy....