"The Janet" does not want to raise rates but might anyway. They will follow the positive PR, not wanting responsibility on anything bad happening. Probable no raise until the the voting membership turns over.
Rule 48 more likely of little value but they can say they took action. As with the Fed the exchanges want to be looked at as doing something positive and avoiding bad vibes.
I don't care what other people do or how they do it. CPTA is new and small and has not established established a track record. I might try some when the price stabilizes. I see no reason to rub someone's nose in the ground because a trade did not work out. He paid the price for his action. In the last 12 months I've had more than a few stinkers.
Because the indexes are expected to open very low tomorrow.Rule 48 has been invoked, whereby the Market Makers don't post prices before open in the morning. The article said New York Stock Exchange but it sounds like something China might try. Might get some very low ball orders in. I don't recommend any Market Sell Orders on the open unless you feel lucky:) One again I will be at the fitness center and miss the fun.
WSJ last week or so had a article that said Uber has decimated the value of Medallions in NYC. There Mayor tried to outlaw Uber but the people pay no attention. It's like Red China trying to control the stock market.
NYC Medallions value has plummeted despite the efforts of it Socialist union loving Mayor. But TAXI is more than taxi medallions they branched into other loans but still not interested. It might well be a descent trade though.
September is a wonderful time of year if you have plenty of cash and the right frame of mind. Time to sell another Put:)
I bet you are correct about over $50 this week. The companies with cash will reload some futures for it to finally hit bottom $10-$30ish and then emerge finally. The companies have cut CAPAX to the bone and the well will slow also Obama figured out Russia was annexing the Arctic oil deposits. There will be much work for Oil Service companies. I like OIH which hold RIG in its basket. Things look good. Sooner or later gasman,s boss will reassign him back to the mail room where he belongs.
I do believe investors are looking for safety and security with some yield. The big Yield number signals danger, something others are running away from.
If one is of the opinion that Obama can power the world with his hot air, none are safe. All four majors will cover there Dividend for many years to come doing whatever is required.
Slick posted about the WTI real time chart on PMBull for Oil Futures. SCO and other futures ETF follow it very closely. WTI has risen to $48 , if it hits $50 and stalls as volume drops I will again look at a short like DWTI.