Check out the NQ/TF spread... TF has been significantly stronger than any of the other indices today (and yesterday). Flows out of tech stocks and into smallcaps - or maybe just less selling in smallcaps vs techs?
This is what Im talking about, this is what I have been saying over and over again, I knew it was going to come down to it one of these days, here it is, in black and white, cramer now wants the fed to once again step up and intervene in the markets by having yellen announce that everything is on hold, meaning no interest rate hikes at all for 2015, he then goes on to say that the market needs leadership which I believe he is saying he wants the President, the treasury secretary or the fed chair to come out and calm the markets, what the fuck is that all about, calm the fucking markets, the markets deserve what they are getting, we don't need any more intervention, keep the fed out of this, let the markets collapse and fall the way they are supposed to.... how come its okay to rally thousands and thousands of points and hundreds of percentage points for years and years but all of the sudden get a 1000 point drop in a week and everyone starts to cry like little bitches. Let the drop happen, the fed has had their hand in everything for way too long and thats why this is occurring, we don't need any more fed intervention, they should walk away and let the markets do what they need to do on their own. Cramer is wrong again, he keeps crying for help anytime the markets start to fall apart, enough is enough..... As the market rout continued Friday, CNBC's Jim Cramer said this is the time for American leadership to step up. "I don't hear anything from [Fed chair Janet] Yellen about how it's not the time to raise rates," he said. "If she came out today and said everything is on hold until we get this China situation [sorted out], you would see a rally." All three major indexes were having their worst weeks since 2011, as global growth concerns weighed on investors. › "I don't want to be so negative but we have no leadership now," Cramer said. "None—the president, the Treasury secretary, Fed chair— nobody says anything and we need it." On such an important day, he said, investors are trying to revalue equities. "It's one of those days where a lot of people are giving up and the moving averages are breaking down." Reem Nasr
Fuck Cramer and his whining about the Fed and govt needing to step in. This is supposed to be an actual market. The market is telling you that it's overvalued and traders are selling. It's that simple. The last thing we need is "leadership." These people have been addicted to the Fed crack-rock for so long now that it's now an *expectation*. Simply amazing. I mean seriously what a clown - does he actually believe traders think the Fed is going to raise rates and that's why there's this selling?
LOL, CNBC is just comical right now you would think someone shot one of their dogs or something. Only thing that will make me rethink my bullish position from 1982 is if Rickshaw man suddenly comes in with a bottom call.
And another great front page picture some dude on wall street trying to figure out why stocks are collapsing..... TOP NEWS & ANALYSIS Dow plunges 400 on global growth concerns "Uncertainty about China (and) general negativity is weighing on the market," one strategist noted. Oil also briefly dipped below the $40 mark.
out of there at 1981, basically a free trade, will look to leg for another spot to leg into this thing sometime today.