Traders got sucked in today with the hopes of the fed making “ calming statements” about rates and markets only to get blind sided. A lot of guys will say they saw this coming ( I doubt it). Seriously, this is what happens in bear markets.
If you are a trader and you lost money, you're not a trader, you've just been saved by the Fed too many times.
Traders, those who may have been "destroyed" today, are destroyed by themselves. No meme to understand, just experience.
Today was one of the best days for traders. Do no confuse Fed, Biden and previously Trump running up the market with being a good trader.
+1 right! I made $$$ today trading post fed inverses SPXU VIXY. Best green day in 2 weeks. p.s. I'm a trader
Nothing really new today. As expected on a Fed day. I sold at Fed announcement since I knew we'd have a fade away. Then bought some back. I do not touch tech stocks.
The price action and StockCharts do not lie. One can easily see the weakness in a lot of US stocks. The threat of war in Ukraine resulting in higher oil prices plus inflation running rampant in all sectors of the US does not augur well. Just got my gas bill and it was up almost 50% from just last month. I have a friend and he paid even more. Some people are going to be in for a sticker shock. Once, war breaks out in Ukraine, it will result in much higher oil prices. Inflation will go thru the roof. Price of oil is highly inflationary. Russia is bound to retaliate for any sanctions by raising the prices of oil and natural gas. Saudi Arabia naturally, wants higher oil prices and US oil production, now way lower because Joe Biden's policies are designed to curb any oil drilling. You still have to buy oil to fill US consumer demand. Russia and Saudi Arabia will be extremely happy with the US slashing its own throat. Dumb on all counts but, Joe Biden still has no clue.