So bears calling for CRASH are failing again. The street sharks who have been relentlessly hyping on how much/how active the Fed will be hiking have to put their money somewhere from the recent selling of the bonds. Its TINA and nowhere to go as the rate is still very low and cash is still trash. After all, this is the very reason why they have been relentlessly hyping ........................
But I doubt the Fed will go the hypsters' way as indicated from Powell's remarks. Technically the indicators all pointing to a stock market bottom here, so I'd expect a big relief rally upon the Fed meeting next week ....................
It looks that sharks are trying to create a crash by relentlessly shorting a just few market generals such as TSLA, AMZN while the whole market is trying to turnaround from a bottom as indicated by market breadth. Let's see if the Fed will go their way, but I don't think the Fed can allow a crash at this crucial juncture and the criminals will be punished before long ....................
Edited by redfoliage2, 20 January 2022 - 03:16 PM.