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Post by walnut on Aug 25, 2015 16:43:31 GMT -5
On the other hand, won't take an act of congress to renew QE, just say the word and its done. Must look attractive to them right now.
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Post by walnut on Aug 25, 2015 17:07:43 GMT -5
Aug 2011 was around a 25% drop. So far this has been more around 12 to 14% tops. FWIW
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Post by huh on Aug 25, 2015 19:11:22 GMT -5
What a difference an hour can make. Up until then I was having fun with trades because my thought was that this pull back was only a way for MM's to force people out of there longs, and then have them buyback higher. And everything seemed to be lining up with that perfectly. But that last hour kind of put a big hole in that theory, didn't it?
I'm not having fun anymore.
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Post by walnut on Aug 25, 2015 19:30:08 GMT -5
me neither.
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Post by novie08 on Aug 25, 2015 20:54:37 GMT -5
Have a friend whose theory is they need QE4 or whatever we're looking at. This is how they'll rationalize it...I remember posting something to this effect in '09 or '10...it's deja vu all over again. Sorry for the blah, blah, blah; am kinda in shock after two years of UP! Novie, No disrespect to your friend, but if they do that, than we all must go out and purchase armored vehicles and all kinds of ammo.............this is not ending well now because of the fake money, what will more fake money do..............destroy us and put the last nail in the coffin...............The Fed and Gov't are so stupid it is beyond silly anymore.................... JMO and BOL............. Certainly didn't say I agree with him...just throwing it out there for discussion. You are so polite Herc! I appreciate your thoughts and you know we're on the same page Re: Go'ments. Sure you are more informed about Europe than I, but honestly thought Spain, Portugal and now Italy and France are problematic. Germany? She's a different story altogether. Always enjoy reading your thoughts/opinions. It just feels as though we've entered a real correction rather than just a healthy pullback.
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Post by walnut on Aug 25, 2015 21:41:45 GMT -5
How about a 'healthy' bear market Whats one of those? Not hardly in my lifetime haha I heard about them from the 60's
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Post by huh on Aug 25, 2015 22:18:24 GMT -5
Noticed a couple strange things. One is that utilities was by far the worst performing sector today. Also, XLF was down 1.4%, Google shows the financial sector down only .64%, yet FAS was down more than 6%. And I know FAS is based on RIFIN, but why such a difference within the financial sector today?
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Post by huh on Aug 25, 2015 22:31:56 GMT -5
And FAS' ending indicative value was down only 4.8%
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Post by crumbdon on Aug 25, 2015 22:45:19 GMT -5
And the Futures Fluffers have things all pretty and green again.
The market has become like springtime weather in Northern Utah; if you don't like it, check back again in a few hours....
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Post by walnut on Aug 25, 2015 22:57:54 GMT -5
The bears are in charge for awhile I guess.
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Post by crumbdon on Aug 25, 2015 23:33:41 GMT -5
The bears are in charge for awhile I guess. Well, then, they have a funny way of showing it: ESU5 + 9.5 + 12.75 +15.5 right now, lol!
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Post by Herceg on Aug 26, 2015 6:10:37 GMT -5
Certainly didn't say I agree with him...just throwing it out there for discussion. You are so polite Herc! I appreciate your thoughts and you know we're on the same page Re: Go'ments. Sure you are more informed about Europe than I, but honestly thought Spain, Portugal and now Italy and France are problematic. Germany? She's a different story altogether. Always enjoy reading your thoughts/opinions. It just feels as though we've entered a real correction rather than just a healthy pullback. I agree Europe has a host of its own problems but not to the extent we have here due to our ever growing deficit.................the QE was a failure with nothing to show for it..... JMO and BOL............
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