This may be a head fake, because BEN has made no real changes yet that I can see. Banks can still load the trucks with money and empty them in FUNDS like SPY and others. I feel the market will fall much faster when the money actual does dry up.
Can't grow crops without the fertilizer. We have been living a "LIE" in the form of a "SPY". Ben delivered the product and now all the food is gone. In May he will sell and go away...Could it be today?
Cannot jump ship on this one until at least Wednesday. If Ben spreads more garbage and we continue higher the stop will do my dirty work. Then again, if he mentions anything about damming the river of money this market will correct big time. In that case, I will not feel that bad. Its seems like a 50/50 shot at this point. If it does not happen by this Thursday's close I am out, I will have to leave this garbage trade alone. Dave and Kane, you may have been right, we will see by Thursday...Friday at the latest!!!
Correct, yet we are not correcting and the reason is obvious. This is a FEDulated market. Long is good, yet keep your finger on the trigger. We could lose 5% at the drop of a hat. If the bank fiasco gets out it could be much...much worse. Realistically without any economic anomaly Thursday and Friday we give back maybe 1%. Fine with me for now.
It ok to be long, but it sure doesn't hurt to leverage a bit. When it does happen it may fall off a cliff. Everyone says that it will be smooth sailing after the correction...Will it?
Why not, the FED may be in the process of doing that as we speak...? It s not just the billionaire boys club that control this market. Anyone want to buy some bonds cheap?...I mean really cheap!!!
Davy boy...If you only knew what's coming. SPXU is a pretty #$%$ way to play short, but I like to warn the meek at heart that may visit our site at SPXU. I am not sure what you meant by you will never get your money back, but I did get a chuckle out of it. By the way, if you are a total SPY...what are you doing over here? Great fund along with XLB and XLE...for now! When it does turn I may not #$%$ as much, you may want to at least lighten your load on high side...I did.