http://www.washingto...world-headlines
Bond Buying Rumor Untrue
Started by
redfoliage2
, Jul 28 2012 04:34 PM
8 replies to this topic
#2
selecto
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Posted 28 July 2012 - 04:57 PM
Do we have to give back Friday's gains now? 
#3
arbman
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Posted 28 July 2012 - 05:26 PM
Sure sure, they don't need any bond buying, no banking problems, all good...
#4
redfoliage2
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Posted 28 July 2012 - 07:11 PM
Do we have to give back Friday's gains now?
The untrue rumor helped to get SPX to the top of the bearish flag from the bottom of the bearish flag just in two trading days. The Fed won't be ready to give another QE as it's still adjusting its balance sheets using OT and waiting for the the Congress to unlock the capped bond availability.
Technically, NYSI just turned for from ST top:
http://stockcharts.com/h-sc/ui?s=$NYS...id=p58449786010
Edited by redfoliage2, 28 July 2012 - 07:18 PM.
#5
Geomean
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Posted 28 July 2012 - 07:32 PM
Figuyrs
Opportunity knocks on your door every day-answer it.
#6
orange
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Posted 28 July 2012 - 07:40 PM
Do we have to give back Friday's gains now?
The untrue rumor helped to get SPX to the top of the bearish flag from the bottom of the bearish flag just in two trading days. The Fed won't be ready to give another QE as it's still adjusting its balance sheets using OT and waiting for the the Congress to unlock the capped bond availability.
Technically, NYSI just turned for from ST top:
http://stockcharts.com/h-sc/ui?s=$NYS...id=p58449786010
When did this news come out on Friday?
I never ever heard of this until you posted it ...
"When your position is underwater, average down" - Professional Trader
#7
IYB
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Posted 29 July 2012 - 03:48 PM
Whom to believe? From Today's AP article:
"Though they didn't pledge any specific action, the comments raised expectations that the ECB might step in to buy Spanish and perhaps Italian government bonds to lower the countries' borrowing costs, which have been worryingly high in recent weeks. Another possibility might be for the eurozone's temporary rescue fund, the European Financial Stability Facility, to buy bonds."
Sure am glad I don't trade off of fundamentals.
"Though they didn't pledge any specific action, the comments raised expectations that the ECB might step in to buy Spanish and perhaps Italian government bonds to lower the countries' borrowing costs, which have been worryingly high in recent weeks. Another possibility might be for the eurozone's temporary rescue fund, the European Financial Stability Facility, to buy bonds."
Sure am glad I don't trade off of fundamentals.
Edited by IYB, 29 July 2012 - 03:49 PM.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#8
thespookyone
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Posted 29 July 2012 - 07:36 PM
"Sure am glad I don't trade off of fundamentals."
DITTO
"Do we have to give back Friday's gains now?"
You bet Mike, If you were long hoping for fundamental type news- it's just not fair to shorts to keep it. That said, I got my long payoff trading internals, not the news-so I AM going to just keep it-and as I know you trade TA-keep yours, as well. 
Edited by thespookyone, 29 July 2012 - 07:42 PM.
#9
arbman
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Posted 30 July 2012 - 04:19 AM
Wasn't the Spanish Finance Minister who said; “There is no money in the public coffers [and] there is no money to pay for public services.” ???
