I guess the general population is just waking up to the manipulation......recognizing the market is near all time highs and they are still struggling to keep or find a job.....huge disconnect.....
why fight it.....
you're thinking logically.....and there has been no logic in the market for quite some time.....it's gonna run...and end badly....just like 2000 and 2008....we're 5 years in so it's clear sailing for 2 more years at least
Oh that's gonna happen.....$160 SPY is a lock...if you want to chase that last 5% go for it....easy money...
I was getting worried....happy days are here again.....there is no bad news....economy improving but not enough to spark inflation or to end QE.....it's still fragile and needs assistance (but that's good news also)
How much longer can the Fed hold this together? Seems to be teetering to me....not enough upside....
to support equity prices once rates start rising. Problem is equitys are leveraged and addicted to low rates....
More and more noise questioning continued QE ..... exiting before the stampede...not interested in holding for the last 5% and risking loosing 30%....more downside risk than upside opportunity here.
Corporate profits are artifically high due to artifically low borrowing costs....they have a lot of cash but operating profits will be squeezed.
Setting a new high in SPY is a given....maybe even 165 but as the curtain is pulled back we're coming ever closer to a correction...
I can't crash....still a rigged game....
Thought buy the dip was free money...#$%$
Wonderful run since Thanksgiving....
Where is the volume?
MS should be at $40 at least......
an all time high on low volume.,,,hmmmmm
Already happened.....
So you don't think that treasuries are classified as cash equivilants on the balance sheet.....interesting.....
None taken.....if you look at the big banks over the past 4 years, net assets are flat but cash and short term equivalants are up as are short term borrowings.....
I think that the banks borrow from the fed at 0 buy Treasuries and then use those as capital to meet their capital requirements.....if you have a lot of bad paper you can balance that out by selling at a distressed price (which they generally aren't doing) or by increasing your capital base. The money from the fed window is free, essentially 0 and unlimited.....so you balance your books by buying huge amounts of Treasuries......
the only way all this bond buying would have made any sense in the long run would have been to aggressively buy the short term debt at near zero and stick the third party buyers with the 30 year paper.......shift your portfolio from long to short maturities.....but that didn't happen.
Why don't one of the senators ask about the magnitude of the purchases at $85 billion per month....when all this noise about just cutting $85 billion from the budget.....we're pritnting 12 times what we're asking to cut.....seems out of whack....
down another 200 today? Retail investors back in the market....yeah right.....
and dump?