Powell Flapping His Gums Today.... Be On Your Toes

Discussion in 'Trading' started by Scataphagos, Feb 23, 2021.

  1. The market has had a couple of days of correction, so wouldn't be surprised to hear more of "do what it takes for as long as it takes"... "money print Heaven".... "don't worry, there's no inflation".

    We'll see if the market is growing weary of his "money-print" mantra.
     

  2. That works best when markets are deeply oversold and ready for a rally anyway.

    The Fed gets the credit

    When markets are over bought and ready to sell off anyway, what he says risks getting ignored and he and the risk Fed looking weak.
     
  3. Yeah, that's sort of how it works.

    And some traders say, "TA doesn't work". The Fed sees the charts... knows when to flap its gums.
     
    Last edited: Feb 23, 2021
  4. destriero

    destriero

    lol dude, where was your call to go short?
     
  5. Powell... "Long way to go for full recovery".

    Read.... "LOTS MORE MONEY PRINTING FOR A LONG TIME... INFLATION* BE DAMNED!"

    * History shows that big inflation destroys countries and its people's wealth. So.... exactly why is the Fed pushing this destructive path? What's the political objective??

    Where's the next Paul Volker? We need him!

    :(
     
    Last edited: Feb 23, 2021
  6. RedDuke

    RedDuke

    they just kicking the can down the road. As long as dollar is world reserve currency with no alternative, they think trillions would not matter.
     
    Centuria100 and KDASFTG like this.
  7. easymon1

    easymon1

    ...who gets the debt?

    debt.jpg
     
  8. Same thing over and over and over. More free money. Markets show any weakness, the FOMC will be out flapping there lips on que. When will this madness end.
     
  9. RedDuke

    RedDuke

    It will end when it does, not a moment sooner :D