He is worse than useless, cannot even be used as a contra indicator.
I think they can do more than that. With perfect information of the market and the unlimited printing press, they need to try very hard not to distort the market and make good money during the process. Only hyperinflation and the political pressure coming with it will stop the Fed madness, but it is a long way to go.
I don't want to do this but I cannot help: The bears will wake up confronting a green future tomorrow morning. They still have not figured out the difference between today and 1987: back then the Fed cannot print unlimited amount of money and buy up the market; now they can. There is only one thing that can kill the bull S market, and that is hyper-inflation. Until then, any downward move is limited. Besides, how come is it so negative that we bomb a bunch of folks in the mountain? The US has been doing that every day.
Change your chart of TVIX to log scale and do some back of the envelope calculation. The probability of that happening (TVIX - 5) is quite low.
Made some profit then gave it all back in the afternoon. Under-estimated the panic mentality. May have to wait until the next week to play for real again. CNBC has not bring on Dr. Doom to the show yet, so the selling may continue.
Just as every fake bears look forward to the next crash, the buying will start without notice, and it only takes a minute or two for SPY to climb back above 192.
It sounds like you don't understand how HFT makes money. They have no bias, and they have even less reason to keep an index green, because they don't have a position. They make money by feeding hot air to both bulls and bears.
I think someone (politician, bankers, investors, speculators) want US and Russia go to war based on some stupid and sick calculation. Just like someone wants an outbreak of some deadly disease so that he can make 200 bucks because of it.
Nothing will happen over the weekend. Embrace for the hyperinflation folks. The stock market will fly much higher.
It looks more likely that the plan is to shake the trees to attract more fake shorts in order to round them all up to the slaughter house for the rally next week. What if Putin is not invading? What if a peace treaty is signed over the weekend? What if the lady from the Fed comes out and say she won't raise rate till 2017. What if ECB rolls out another round of "unexpected" QE? Shorts are fighting very big odds against them.
5% tops. SPY can go a little over 200 before Nov. Once the Fed stops buying and the headline inflation number is attracting more attention, this round of pump is over, dump will start.
Lost about 250 bucks today for my bet on VXX. I guess 10% of it went to the fake bears who bet on an imminent 1987 style crash. LMAO.
The SPY 200 call is still relevant, though I pushed it to next week. The world economy can function normally with or without a war in Ukrainian. Besides, the Fed is still printing, and according to the Fed, there is no inflation. Trade accordingly, don't jump your gun.
I think that's one fact that people fails to grasp. The Fed won't and cannot raise rate without being forced to by hyperinflation.