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Well, looks as though the global market is now reacting to the taper along with other issues. How's about that market NOW?
Free,freeeee falling! Yes I'm freeeeee,freeee falling!!!
Might be a stretch but wondering if Yellen's start @ the Fed could've provided an obligatory sell-off.
Used to be able to trade volatility every time Obama or Big Ben grabbed a mic. Seriously.
You could watch them approach the podium and see the volatility spike.
Made for some great trades - TVIX, UVXY, XIV, FAZ.
The talking heads on the radio and telly were coming up with every reason in the world for the selloff....well, except for the taper. I mean come on, there has been bad news in the last 5 year....but the market basically could and did ignore it, all the rocket fuel propelled the markets higher no matter what.
Funny thing is, I am not so sure this is THE correction....there may be more upside in the market after this dip???
Maybe Yellen will announce a decision to stop the tapering.....can she do that, the Fed Board has to vote on it?????
The talking heads on the radio and telly were coming up with every reason in the world for the selloff....well, except for the taper. I mean come on, there has been bad news in the last 5 year....but the market basically could and did ignore it, all the rocket fuel propelled the markets higher no matter what.
Funny thing is, I am not so sure this is THE correction....there may be more upside in the market after this dip???
Maybe Yellen will announce a decision to stop the tapering.....can she do that, the Fed Board has to vote on it?????
Great points & question. I don't (but should) know proper procedure for their QE approvals.
Had to turn off the noise and just watch the ugly tape. My portfolio put in a Peyton performance today.
As for upside, I think that depends more on whether institutional money stays on the sidelines.
There are some excellent buying opportunities right now. We could ramp out the week or just churn-and-burn.
I did not expect the S&P to lose support @ 1750.
Great points & question. I don't (but should) know proper procedure for their QE approvals.
Had to turn off the noise and just watch the ugly tape. My portfolio put in a Peyton performance today.
As for upside, I think that depends more on whether institutional money stays on the sidelines.
There are some excellent buying opportunities right now. We could ramp out the week or just churn-and-burn.
I did not expect the S&P to lose support @ 1750.
Well, if it does continue.......it will be more frantic than rats jumping from a sinking ship.
Someone brought up a point about geezers being forced into the stock market........they will be the very first to bail out.
It has to stop at some point. It should have never started. It might have been harder in the beginning but we all would be better off today.
Remember that this latest QE round($85 billion a month) only started in September of 2012 just before the election to artificially juice the economy.
They really want to take their feet off the gas now that President Franklin Delano Morgan Freeman is safely back in power, but it turns out they can't because doing so would reveal the single "bright spot" in the Obama economy(stocks) is smoke and mirrors.
And so it begins..I knew poor Janet wouldn't have much time at the helm but so long as Ben Bernanke is safe and sound...
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