Seriously...
#11
Posted 27 May 2009 - 12:17 PM
#12
Posted 27 May 2009 - 12:50 PM
I'm not sure what you guys were expecting. We had a big day yesterday.
IT
We ( ) need a big day today.
#13
Posted 27 May 2009 - 12:58 PM
I'm not sure what you guys were expecting. We had a big day yesterday.
IT
We ( ) need a big day today.
We really do Nav, so far so good, if it wants to just flat out collapse here and give most of yesterday's gains back I will be happy. ES 888 would be perfect.
#14
Posted 27 May 2009 - 01:00 PM
#15
Posted 27 May 2009 - 01:04 PM
I think we will have much more, the 30 year bond did not even start to reverse yet!!!
arbman, you expect a ST money relocation move here as bonds recover?
#16
Posted 27 May 2009 - 01:15 PM
#17
Posted 27 May 2009 - 01:18 PM
The stock market is giving a clear signal, it cannot compete against higher interest rates even though USD is as cheap as it can get. There won't be another rally beginning before the interest rates come back down, it means deflation, Fed is unable to control it. In fact, I suspect the more Fed guarantees the long end of the yield curve, the more Chinese and other bond holders simply sold to them instead of buying with the Fed and they diversified out of USD which weakened the USD and the Treasuries.
It is really ********.
As one legendary trader said, the jaws always snap shut. Sooner or later.
#18
Posted 27 May 2009 - 01:18 PM
Alternative in Black....
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=2&i=p34869406619&a=154915911&r=3276.png
#19
Posted 27 May 2009 - 01:21 PM
#20
Posted 27 May 2009 - 01:25 PM
There won't be another rally beginning before the interest rates come back down, it means deflation, Fed is unable to control it.
It is really ********.
arbman,
So I take it that you're no longer looking for the drop to 850/875 and than a hundred points euphoric rally into early June to finish this phase of the rally?
Thanks for sharing your thoughts,
Slate