Not sure if QE is good at stimulating the economy but it is definitely good at inflating assets prices
I might be way off but here's where I have a problem with QE at these levels and with all of the current problems. If I am running a large hedge fund or a large pension trust and I know that the markets are being driven by the fed, Whats to stop me from selling into this momentum and raising tons of cash for whatever happens when the fed stops buying? Something really seems off about this as I really don't see the FED as a bag holder.
I’ve actually wondered if it’s even legal for the feds to be doing what they are doing right now. Not like it matters because anyway because Trump is running the show, but still...
it's coming.... wait for it.... wait for it..... Spoiler: Click to Show! sorry i really didn't want to do that, but man i just couldn't resist the moment
Headline: Wall Street stocks posted modest gains on Monday as signs suggesting the U.S. economy may be on the road to recovery helped soothe jitters over increasingly violent social unrest and rising U.S.-China tensions. Good ol' "signs" and "suggestions" and "may be" overcoming the civil protests and international trade war. Building this rally on Hopium.
Looks like Year 2020 is going to be a historical year and in a bad way. There is the coronavirus and then the protests over here in the US and Hong Kong, etc. let’s hope we will have a better year in the second half Despite all these bad things, it does look like this market wants to shrug everything off and goes higher
I took a real small starter position today in SH. I really thought we would top off below 3056 (and we still might close below), If we get a blow off top type of run into 3222 I will add near there and I will scale in more below 3056. I want a sizable short going into the EOY and I kinda hope we get that blow off top so I can work with some options. Otherwise I'll just look for distribution opportunities. But seriously taking it slow cuz I have lots of time to build his position.
so you are saying we should get those dow 30k caps ready in H2? Spoiler: Click to Show! let's do it! but why stop there? seems like if an asteroid were to hit earth we should be hitting 100k then
Haha by just looking at the market you would think we have a pretty decent economy, a pretty peaceful world and the trade deal is going well with China, etc
Looks like my account is positive YTD, first time it happens since March. At one point I was down almost 20% I think and I thought it would take a pretty long time for me to recover. You can tell what a recovery for the market it has been
hah i'm so tempted to brrr right now, but will hold back for now lol its really crazy to me how disconnected this market is...just V-shaping its way back to new highs like its no ones business. we all know this market has no business being up at these levels, but its hard to see things reversing course when QE-infinity exists. this market has had every bad news you can image thrown at it, and its shrugged all of it off as if its nonexistent. i've simply run out of things that can turn this fed-induced rally around, seems like all the news is great news. i guess we really need to see some true blow off action before things reverse. ¯\_(ツ)_/¯
