Just for the heck of it, what do you think re response to Powell tomorrow will likely be? Gold star if you post ur trading strategy
Well, if you put an option up there of "I am long and down 4% and will hodl", then I would get a gold star. But you did not put that option up there.
I lost a few hundred bottomfishing UVXY, should've just bought uber gap continuation.... Sometimes we're the pigeon, other times the statue : p lol #goBears
Thx, TZA is my other favorite inverse, I'm long a bit here, will buy much more post fed if neg. response
I hate gambling into the unknown, speculative, future...But I would guesstimate the market would go selloff/and or go sideways. Powell is slightly hinting in the near future the Fed will weaken support for bond buying.
I'm guesstimating it's gonna' be Q4 2018 all over again. Suck. I have music ready to prepare for the ride. *sighs*.
Taper or tighten? "As long as they continue to give money, they'll keep spending it" I say status quo through the end of the year. 120B/month from the Fed, and same from the ECB. This single policy is keeping the whole "Bull" market going. They're flooding the system with cash. I hate to say it, but money printer go brrrrrrrrrrrrrr...