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Europe under fire.....selling climax


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#1 andr99

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Posted 16 September 2016 - 10:24 AM

Next week starting to go up possibly from Tuesday.....road open to new highs in Oct-Nov then top in......rates rised in Dec and game over  


Edited by andr99, 16 September 2016 - 10:25 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 pedro

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Posted 16 September 2016 - 11:22 AM

That's the scenario I'm looking at as well.

ambiguity on the timing of the rate hike is all.



#3 lawdog

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Posted 16 September 2016 - 02:41 PM

I'm not being critical, but it's interesting how we generally trade on technical indicators, but then we bring some fundamentals to bear on our decisions, such as interest rates as mentioned above. I generally don't care much about the state of interest rates, but they are important; it's just that I have no clue where they are headed. But comparing stock values now to interest rates, another 3-5% to the upside in markets would put the valuations so high that any bump in interest rates would/will be enough to cause a significant correction, e.g. more than just the 3-5% declines we have seen lately. I may get flagged for this statement, but as I wrote a week ago, I believe Yellen is forbidden from raising rates under Obama, which was, in my estimation, a condition of her employment; but the stage is being set to raise rates if Trump takes the white house to set in motion a market rout to discredit his presidency right out of the gate. If HRC wins, rates probably stay low, unless Obama has something on Yellen which he can press against her to raise rates on HRC as well, since there is no love loss between those two, especially with the Colin Powell emails being revealed. Both Trump and HRC may be well-advised to get rid of Yellen as their first presidential act. All Obama has now is four months to try to create some kind of legacy, and a strong market is one of the few he's got.

 

So rates don't go up until Obama vacates 1600 PA ave.