I've read the Fed statement 10 times now. I don't see how the hell this is dovish like the market is running with. "With the market falling all over themselves to price in Fed cuts. Bill Gross thinks the cuts will come quickly, he tells CNBC, but he has been singing the same song for the better part of two-years." Price in cuts? Haha...this is hilarious.
True true .. I cant find a SINGLE precedant for a correction behaving like this ( and they usually have a pretty clear pattern). This is why I still believe we're headed down
Wrong. We have had plenty of V-Bottoms before, and it the "Triple-Witch" obviously accelerated the triggering of "collars" on the way down.
This is just crazy, im turning off all finance channels tonight and forgetting about today. Call me crazy but this correction is NOT OVER. EXPECT another huge drop soon. Im not buying this technical stuff just yet. 350 point rally in 3 days based on what? FED may cut rates which means they know there is a slowing economy on the way unless he just opened his mouth about rate cuts to get this market rally in motion.