I guess what I was referring to was the widely held belief that if the Fed lifted, equities would get hit (except we never really saw this priced in going into August or even July). Then the markets sold off and all the talk came about with "the Fed probably won't raise" and now more recently "the Fed might still raise." So given that the Fed raising was widely believe to negatively affect equities and the markets recent selling off for other reasons - in what scenario would the Fed's future actions result in the market rallying upward?
They never show a pic that a floor trader is happy when market goes down. It seems that they never short. Always long !!!
sell the rumour, buy the news? rumour being fed raising rates = sell off, them actually doing it, rally.
Every financial news outlet is broadcasting...Jobs data critical to fed rate decision. Well gee no shit. If that's the case expect a cool jobs report, im now thinking 150,00 maybe less, this will give them cover to keep rates low. And if by chance its 200k plus, what will there excuse be....Come on fellow traders, lets think this thru, what will it be????
BACK in SQQQ @ $25.00 Bought in last week and sold it after the big drop on Monday and will try and do the same again!
I can guess the job numbers will be well outside what they are looking for by at least 50,000... there looking for about 220,000-230,000 new jobs..... Im think job numbers come in well below, markets should rally on this news, its funny how data dependent the fed has been yet they haven't moved rates in over a decade so that whole talk about them being data dependent is all worthless dribble, its useless. What they really should tell wallstreet is that they don't have ANY EXIT PLAN!!!!