At this point, it’s useless to talk about the mirage called “Chinese growth” or how fucked the U.S. is, with its new/cool moral hazard laden zero interest rate policy.
For most of you, pikers at home trading the web, the next 2 hours is all that matters.
So, with that in mind, I suggest avoiding being too short or too long. The tone is already bullish. So, I would not be surprised to see the market sprint into the close. On the other hand, if the market “sold the news,” that would not surprise me either.
With my money, I will refrain from overreacting to today’s market trickery. If anything, I might execute some trades, after 3:00.
As cool as the market is today, with GS and MS leading the way, big money is still piling into treasuries, in a very Madoff sort of way.
On the long side, I like FAS, ABX and CBL for a trade.
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first one
I’m not speaking, I’m thpeaking. Remember that, Vincentho you ath hole.
ERX is not $45. Thus far, he’s been spot wrong.
Shades of the Japan lost decade, pushing on a string, etc.
Fed will buy treasuries. Debt will be monetized. Anything but 1995 Japan style tomfoolery.
Only going to daytrade (if at all) DZZ,DGP depending on the dollar reaction. Equities will reverse and change course about 3 times and moves too fast for my arthritic fingers.
Look here. the FED gameplan is simple. Pick a 3X ETF and just go with it. You have a better than 50% chance of success. Toss on some FAZ here at 46 and put a sell at 48.
Or conversely buy some TNA at 29 and put a sell at 31.
does anyone know what will get me long 2x’s the housing sector?
Not aware of any 2X Homies. ITB etf is better than XHB etf as XHB has HD and Lowes and ITB is pure homies.
… forgot to add something like URE is 2X commercial RE and not Homies.
Thanks for the info TraderCaddy!
Why not fade the market when the news comes out? The market may sell-off immediately, and if it doesn’t, it will dip within a week.
egregious bear market santa claws rally continues…?
Did he just say 25 basis points?
Oh Fuck … we’re royally fucked!
HAH!
Bears get a shotgun to the face…
http://www.youtube.com/watch?v=K8WLkITzBcc
WOW…$$$$ CRASHING!!!
Wow almost to zero, Japan here we come! And the market continues up in the face of the Apocalypse. Impressive . . . very impressive.
SRS is getting murdered. Shorts getting lit aflame.
The market has gone Yakuza on the bears.
Money is nearly free, or worthless. Take your pick.
Man, if we cant power thru this 50-SMA on a day where FED over cuts, we are fucked.
Anybody know why OIL is crashing!?
Very very interesting…I figured with the dollar crashing, it would have been bullish for commodities, but oil dropped $2 bucks in a minute.
Why CBL? You’ve mentioned them before. Almost all the REITs are toast in the long run, but why pick CBL to play on a rally?
todd, yes.
Get short now
Indeed, short this whore, she’s cooked.
Shorting would take huge balls, unless your DevilDog….
this market is insane! I watched TZA go from 59 to 62.5 in less than a minute, I watched ABX soar in 5 minutes only to crash all the way back down in less than a minute.
I cant trade any of this stuff….its too wild and crazy for me.
Guess I am sitting on the sidelines till tomorrow
50 DMA will not be a problem!!
up up up!
I agree Cheesefries … I think it’s about time to go short again. I’ll wait until the final half hour.
nibbling at some SDS here…still wild swings right now, but the reaction so far the the decision isn’t impressive. I’d like to see some more weakness before plunging.
Everything is “AMAZING”….”Watershed” even…buy financials…
now its officialy clear … this county is seriously fucked up … the fed declared bankruptcy
CBL..???
ill do my own dd.
i have a hunch, our funnel might turn into a wormhole to another dimention where the spx will be at 200.
The Fed is out of bullets.
Shot their last wad.
Fade to black…
Now WE ARE FUCKED
The next move is to pay people to take credit and default. I can only laugh at the thought of the government to tell people borrow please borrow ? what ?
?
Toronto Stock Exchange flatter than the earth in the 12th century! Decimation by being unable to decimate, apparently. Dec.17 was a big oily day to f’ that in the eh…
“I’se the b’y that builts the tape… where’s it to?”