we know one thing-the feds multi trillion dollar experiment aint gonna have a good ending.
Not good for the Fed-also bullard said tapering is ON the table for Dec
BTW-this "experiment" of QE infinity is going to have (eventually) a BAD ending. The Fed is playing with fire with a multi TRILLION dollar BS. Yellin is a joke-no bubbles??? look at amazon, tesla. etc
shrs trding premkt are the new holding co shrs-I bought 500 shrs (look at the 8:00:30 trade just to test it. the new shrs show as siri but shrs owned as last night are under a given cusip number shown separately.
Agreed LR I am in awe. It seems that the Mkt will NOT have any kind of meaningful correction-that is not healthy. If int rates continue to rise lets see what happens. The Fed is backed into a corner with their multi trillion dollar BS-What happens when they unwind or if int rates rise and their BS becomes devalued??
Its all about the Fed and int rates-If you combine a significant taper with a 3%+ on the 10 year-you could see a 20% correction to the down side in the equity markets.
Good news today was bad news-The Feds herion injections may be tapered sooner (dec) rather than later.
Siri is very close to that 200 dma-3.48 only .12 away. It seems siri is destined to test that level. And if that doesent hold-maybe dukes 2.90 gap is in play.
agreed but siri could test the 200 DayMA. But who the hell knows.
4.18 to 3.75 is not a small drop. Over 10% in a couple of days.