We don't NEED a market crash. We NEED the FED to UNWIND its QE purchases. How are we going to get them to do that?
Off and on bug. Have been burned by manipulation. Have some coins buried in the back yard. Never gonna sell. For the kids and grandkids to inherit. See the 50 and 200 dma about to cross so will try GLD. Haven't seen manipulation for awhile. Likely will do options so my downside is limited if it is manipulated downward overnight.
Good luck. With gold, I had been staying away because of manipulation. Have not seen it lately. 50 and 200 dma are about to cross so I might play it. Will use options so if the football gets pulled away during the night I will not be destroyed.
Who in their right mind would hold TNA over this weekend? Already Russians have pulled their money out of US banks just on the FEAR of sanctions. Nothing has even happened yet. Pulling money out of banks is bad folks, in case you need to know.
Thanks for the input. Obama will have to go light on his sanctions because Putin is able to adequately counter. Not sure if that is the cause of market drop. Obama always blinks. Perhaps market will figure that out on Friday and recover.
TLT vs GLD
FED determines the entire market direction. To taper or not. FED keeping up taper because thinks that current weak market conditions was due to cold winter. Yellen is very amenable to stopping taper. Give it a few weeks, if econ data is still weak, market THINKS she will stop taper. This is bullish REGARDLESS of what is going on in world. Summer after the 'sell in may' crowd leaves, we may get a market correction provided Yellen keeps on with the taper. QE should be wrapping up by then.
Like today for instance. Straight down then straight up then straight down. I hate to trade like that, because it is close to impossible to do. I like to determine if it is an up day or down day then hold the position for the entire day. But I get seasick. Get tired of seeing good gains come and go. Sheesh.
No econ news to slow the market Economy really hurting. Not cold weather. Yellen will cut taper. Interest rates will drop and market and gold will zoom.
Be very careful. A bad jobs report can still be blamed on weather and zoom the market. It can not be blamed on weather and zoom the market on a proposed cut in tapering. Rolll the dice. I like my TNA bear call credit spreads. $400 max gain if TNA stays the same or falls, $400 max loss if TNA rises by Mar 7.
He will likely let loose with a nuke and the market will zoom to the moon. Total insanity. I am in TNA call credit bear spreads expiring Mar 7. Limited losses and limited gains but taking advantage of the premium decay. . Am long AAPL. Only stock that hasn't moved up. Will eventually. Seems to move up at every market open. I scalp the open in the first half hour. BTW, Obozo looks so foolish. He should just go back to where I live near Hollywood where his only admirers are. Odumbo needs so much help....
Well the POMO ramp bombed. You can still see a feeble attempt in the TNA chart, but didn't have much of an effect.