OK, I'm not going to start another "Whee!" thread, since it is not a record Dow, but gee - - up 300 points so far today!!
(muffled "Whee!"s coming from this direction)
This is certainly not what I expected from the market this week.
IMO, anything less than a full 100 basis point cut would pretty much wipe out the gains on the day. Even a 100 point cut will probably trim the gains, IMO. Not many broad rallies these days survive the 3 PM Selling Hour.Wait until 2:00 when the Fed announces the rate cut, then we can Whee or Whoa!
IMO, anything less than a full 100 basis point cut would pretty much wipe out the gains on the day. Even a 100 point cut will probably trim the gains, IMO. Not many broad rallies these days survive the 3 PM Selling Hour.
3/4 point cut in both Fed Funds and Discount rates.
Here come the sellers, I'll bet. The market might be lucky to finish up today. Let's see what happens in the last hour.3/4 point cut in both Fed Funds and Discount rates.
Here come the sellers, I'll bet. The market might be lucky to finish up today. Let's see what happens in the last hour.
Wait until 2:00 when the Fed announces the rate cut, then we can Whee or Whoa!
Me too!! I'm just glad that apparently the market isn't diving off into some abyss, never to return, as those ever-so-optimistic news reports suggested over the weekend.
The market is still trading within a range. Too bad there aren't any traders here, there's a killing to be made.
I'm absolutely kicking myself for not buying BSC around $2.85. I thought it was a no brainer. Unfortunately, I am missing my brain.
Days of our Lives... Sometimes news coverage of the market DOES seem like a soap!Got a chuckle out of me. As the World Turns..
Good thing Im not a market timer. Or Id be pulling what little hair I have out..
The market is still trading within a range. Too bad there aren't any traders here, there's a killing to be made.
I'm absolutely kicking myself for not buying BSC around $2.85. I thought it was a no brainer. Unfortunately, I am missing my brain.
the market is doing exactly what the charts say it's supposed to do, rally
if you look at the average closing prices for the last 6 weeks or so the trend is up even though the market has been down. when these trend up, but the market is trending down it's a bullish signal.
i noticed it a week or so ago but didnt' pay too much attention until the last few days because these signals made a higher low and not just an up trend that can easily reverse. and this is why i closed out my short yesterday. that and the earlier lows held on a day when the world was supposed to end.
i don't think this is a real rally that will take us to new highs, but for a month or two things look OK
It's just a very volatile market. I think there are folks out there who are playing the high level of the VIX. I suspect a massive short squeeze as well.How fast can fear turn into greed?
Well I guess someone was wrong about a sell off today