all this for a potential "no" on brexit?...the oligarchy has spoken I guess...hail to the new world leaders
This market will not be kept down, new highs this summer even with this earnings recession and BREXIT. After the new highs are made, watch out! Bookmark this post because my crystal ball says this is all lining up for a sell off into October!
another futures trading week where the only moves occur PM or AH I guess.... I'll check back later on this afternoon...I'll probably miss the move of the century..lol
sounds good! (well not the new highs part but the sell off into october sounds groovy! ) i wouldn't mind another one of these days to be honest ... but as i had said one other time before i really don't want to see anyone getting burned in another market downturn/meltdown like in 2008 i just feel this bloated POS fake artificial fed induced market has run waaaaaaaay long in the tooth at this point IMHO lets just get these fabricated new market summer highs out of the way already and begin the bear market cycle into the prez elections that being said i'm not looking for a huge meltdown like in '08 (albeit i wouldn't mind that either lol) but admittedly i do like to see the cash spx come off at minimum -20% from the highs ... the low 1700s or thereabouts ... but the 2000 and 2007 highs at about 1575ish would be better
Ex-Morgan Stanley CEO warns about the biggest risk he sees to markets John Mack, former chairman and CEO of Morgan Stanley, told CNBC on Monday he sees "geopolitical risk" as the biggest threat to global prosperity and financial markets. "Hopefully, nothing happens. But there's a lot of turmoil, whether it's in the Middle East ... North Korea ... or China and their [disputed] islands," Mack said on "Squawk Box," citing the risk of a "geopolitical blow-up" as his top concern.
I think the problem here is that you have simply not accepted the new norm. I had the exact same mindset for the longest time, but honestly, at this point the stuff that existed pre-2008 is simply not here anymore. We are living in 2016 now and QE is just a part of this market like everything else. An analogy I can use is when cell phones became common and everybody was using texting to comminicate instead of calling somebody via voice. I still prefer talking to texting, but younger kids will rarely use voice if they can simply text instead! You just have to accept that texting is a way of life and things will not go back like they were before that arrived. QE is here to stay, the markets will not go back to the good ole days!
Time will tell if ZIRP/NIRP and QE are the new norms. With all due respect however, every major asset bubble I can recall in recent history has been preceded by people proclaiming that this time it's different, the old norms simply can't be applied.
i cant beleive cramer called the market today and was right, he said this morning not to buy the rally, because by the end of the day you would be left scratching your head wondering why your down. and sure enough the rally was faded. i jumped into NUGT around the open at 94$
Even a rigged market with QE can barely stay up. In the case of the NDX she faded below the 200 again.
