9 replies to this topic

[tommyt]

The Nikkei was -1000, 5%, we are gonna finally washout into yr end UNLESS global PPT efforts are taken for fear of crashes on their mkt opens tonight. Either way, its gonna get wild either way.

[fib_1618]

....UNLESS global PPT efforts are taken for fear of crashes on their mkt opens tonight.

 

"They" have no power here...Powell owns this.

 

Fib

[Data]

The real problem is that the central banks enabled the governments and the corporates to taken on too much debt with delayed consequences.  The balance sheet roll-off was apparently agreed upon by the FOMC at the time Bernanke asked for QE4 and taper.  The annual debt levels were much lower before 2017.  Amazing that a central banks is buying up debt issued by a mattress company which is now bankrupt.

[tommyt]

""They" have no power here...Powell owns this."

 

they may not have the power they did...but sometimes its the message that it sends that causes a spark for a move to happen, not necessarily the substance of the message, no? You have to admit, we are beyond oversold ST and a gap on an open is due somewhere in here and I'm sure it will be a news/spark that causes it. I thought we might puke into year end and get the capitulation we may need to end this wave, but I am open to some sort of rally anywhere in here...probably like many others 'cept Raging and Semi.

Edited by tommyt, 25 December 2018 - 08:18 PM.

[fib_1618]

""They" have no power here...Powell owns this."

 

they may not have the power they did...but sometimes its the message that it sends that causes a spark for a move to happen, not necessarily the substance of the message, no? You have to admit, we are beyond oversold ST and a gap on an open is due somewhere in here and I'm sure it will be a news/spark that causes it. I thought we might puke into year end and get the capitulation we may need to end this wave, but I am open to some sort of rally anywhere in here...probably like many others 'cept Raging and Semi.

 

This whole premise doesn't wash since the comments on the PPT were made over the weekend leading to nothing that would be called "a spark" on Monday...it just made things worse.

 

The markets, the economy, will take care of itself IF IT IS LEFT ALONE. The market is just too big and vast for anyone or any group to have any real power.

 

And, of course, we're going to see a reflex here, but it won't be because of some condescending group of Ivy League nimrods who are only there to steal from the poor and rich alike and give to themselves.

 

It is my hope that the entire board of governors feel the full force of the Karma that they just unleashed last week...this is their doing, no less, bad social engineering from the past.

 

The only thing that matters to the stock market, to all of the financial markets, is liquidity. Take it away after trying to correct a bad decision, and you get what every bear was looking for: collapse.

 

Fib

[fib_1618]

The real problem is that the central banks enabled the governments and the corporates to taken on too much debt with delayed consequences.  The balance sheet roll-off was apparently agreed upon by the FOMC at the time Bernanke asked for QE4 and taper.  The annual debt levels were much lower before 2017.  Amazing that a central banks is buying up debt issued by a mattress company which is now bankrupt.

 

Actually the real problem was sub prime lending to folks who had no credit with nothing down, because if you didn't, you were either going to be sued by the government or be called a racist or bigot.

 

Look...we all knew it was a slippery slope we were dealing with here.

 

Unfortunately, those behind the FED wheel have fallen asleep again while dreaming that they're Evil Knievel jumping over the Caesar's Palace fountains (with the same results).

 

Too far...too fast, and with the current attitude that "the beatings will continue until moral improves", the market is just reacting (as it should) to this moronic policy.

 

Fib

[tommyt]

if we are way down tonight, watch what happens...they WILL attempt to take action. I do agree that tampering with the markets leads to

more trouble and they need to sort themselves out all by their lonesome.

[dasein]

didnt the market recover already partly?

[trioderob]

look like the algos wanted to bounce it off the 200 week moving average 

[BigBadBear]

Yep -its the black and brown peoples fault - what else would a Birther say (no blame to the financial engineers who are 99% white men)

 

 

 

The real problem is that the central banks enabled the governments and the corporates to taken on too much debt with delayed consequences.  The balance sheet roll-off was apparently agreed upon by the FOMC at the time Bernanke asked for QE4 and taper.  The annual debt levels were much lower before 2017.  Amazing that a central banks is buying up debt issued by a mattress company which is now bankrupt.

 

Actually the real problem was sub prime lending to folks who had no credit with nothing down, because if you didn't, you were either going to be sued by the government or be called a racist or bigot.

 

Look...we all knew it was a slippery slope we were dealing with here.

 

Unfortunately, those behind the FED wheel have fallen asleep again while dreaming that they're Evil Knievel jumping over the Caesar's Palace fountains (with the same results).

 

Too far...too fast, and with the current attitude that "the beatings will continue until moral improves", the market is just reacting (as it should) to this moronic policy.

 

Fib