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The news on the banks getting together to support the market and the end-of-year pension rebalancing has been out there for up to a week. You can either spout rhetoric all day long (as in your case) or all you can try to do research. It all comes down to supply and demand, and buybacks, ppt, central banks purchases, debt paydowns, and debt issuance all have their impacts.
So maybe Mnuchin had another purpose than checking liquidity when he called his best buds prior to Christmas Eve....
The market was the most oversold it has been in a long time. It was not a bank conspiracy to prop it up, but rather a domino effect of people chasing higher price while looking at various indicators. A good day today. Loaded up on QQQ on the 24th half hour before close. I'm getting better at picking tops and bottoms though my skill at picking individual stocks still needs some work. . At least I know how to get out when I'm wrong now. Getting over the emotional hurdle is the hard part.
The news on the banks getting together to support the market and the end-of-year pension rebalancing has been out there for up to a week. You can either spout rhetoric all day long (as in your case) or all you can try to do research. It all comes down to supply and demand, and buybacks, ppt, central banks purchases, debt paydowns, and debt issuance all have their impacts.
I've heard the same - all last week. Which is why the strong sell-off on Monday was a bit of a surprise, because the pension rebalancing is certainly not new news. Mnuchin's release on 'liquidity' sparked the simmering fears of a crash. Those who hung in there today got their Monday losses back and then some. So far, we still have a pattern of lower highs and lower lows. For those rebalancing now, it would be great if Monday was a true bottom.
Last edited by Ariadne22; 12-26-2018 at 05:42 PM..
When you live by technical analysis you can also die by technical analysis
Read some reports it could last a week but guess a massive move up shortened that...
The algorhythim showed massive oversold--so it self corrected--added some up side--buffered the 200 DMA
Now it is right back at showing it anticipates a bear market/recession in 2019
Government still in shutdown
A week before Congress back in session
Futures showing down more than 300 in pre-market 630 AM 12/27/2019
just perspective I guess, when discussing yields I'm used to people discussing in terms of basis points, not as a percentage. When discussing the principal of the bond, that's where I'm used to percentages being used.
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