you wonder why Putin laughs at the US? We are more communist than Russia! Government controlling everything, the media, financial markets, housing, mortgages, health care, everything. this is why you don't take positions until after4PM, you have until 4:15 to buy SPY, QQQ or IWM options.
Government controlled media. We all know inflation is MUCH higher, insurances are up 50% this year alone.
This is part of the No Trader Left Behind Act of 2011 where they bring indexes back to even in case you fugged up overnight with your position. All part of the deal to assure that no bank ever has a losing day in the markets.
There are no shorts, EVERYONE is long which is even better! They will all get hammered and sell in a panic! Leverage is a biotch when it works against you!
Every index except the Dow went to new highs, close enough on the Dow though. I look to the DAX, when it tanks so does the NASDAQ and R2K, they are the first to roll over. I'm betting we see at least a 10% decline in March still and closer to 18% before a relief rally in late April to early May.
Today is only the day for positioning for the coming bear market. Longs are exiting and shorts are establishing positions, mostly via synthetic shorts because the Fed won't let anyone loan shares short. It still works because longs will be forced to sell due to leverage, no need to be short stock.
They are selling because the "bull" turns 5 and they know this market is only up on pure bull! It is a Fed Ponzi and they will go after this huge pool of money just waiting to be stolen all over again and the Fed won't be able to stop it!
The bear market lasted exactly 18 months as well. The criminals on Wall Street will clean you out all over again, don't worry. It is starting today and come next week it gets real ugly. Of course they will blame it on Ukraine but no matter what anyone who is still long gets creamed, especially Mom and Pop in their retirement accounts. Wall street will transfer from your accounts to theirs in the Cayman Islands!
Jobs report even though it is phony showing mostly part time workers will force the Fed to taper more and even consider raising rates sooner than later. This market only cares about the Fed, you better get out at all time highs, this Ponzi can fall hard starting next week.
Nothing but horrible data out of retailers yet the idiots in the media insist it's all good. Staples closing 225 stores yet Goldman comes out and says to buy commercial REITS! Who is going to move in to those stores, NO ONE!
CNBC feeds quotes to Yahoo, they don't even know what time it is! What a rigged POS market this is, wrong time, phony quotes, no one knows what is real and what isn't! So ask the question, where do these prices originate from, the Fed?
They get their data from CNBC. You know this market is rigged when they can't even get you accurate, current quotes! What prices are we using, the Fed's phony bids?