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Misc Stock Market

S&P futs rejected at $4585 3 times the past couple of weeks. Clear pivot to watch for a push to ATH's.

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GeorgiaGirl said:
That gap and the NFLX gap is going to remain unfilled for a long time most likely. They were breakaway gaps, and you have a lot of funds stuck in there that likely want out and are willing to do so at a loss.

That doesn't mean that it can't go higher now...I'm hoping that it does so I can dump my bags for less of a loss. -.-

Maybe it can get to $270 within the next couple weeks. If it does, I'm bailing for sure as I can easily envision a BABA like deal this year.

In other news, the Fed might have no choice but to do 50 bps next month and they were trying to walk that back as recently as 24 hours ago through Bostic and Mester. The 2 year looks like it did not respond yesterday, and I don't think it's going to respond anymore to them trying to jawbone.
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Fed should hike 50bps in March but they won't. They are still buying assets and still have rates at 0%. Completely useless...
 
KyloG said:
And the Fed is still buying assets with rates at 0%. What an epic disaster the Fed has created.

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I am thinking of buying a house in the next year or two, and I looked at housing prices yesterday around my area and just shook my head. As bad as CPI inflation is, the asset price bubble the Fed has largely contributed to has been even worse. It is screwing over the middle class really bad, too, further increasing economic inequity. Great stuff…
 
superjames1992 said:
I am thinking of buying a house in the next year or two, and I looked at housing prices yesterday around my area and just shook my head. As bad as CPI inflation is, the asset price bubble the Fed has largely contributed to has been even worse. It is screwing over the middle class really bad, too, further increasing economic inequity. Great stuff…
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I bought my house for $500k in Jan 2016....I could sell it in a day now for $800k. Of course....no where to buy since everything has skyrocketed in Wake Co. I have a 3% interest rate so payment is very cheap. I am really stuck here...in a good way.
 
They walked this down to $450 and buyers came in...look at those hourly candles on SPY. The market is just a total clown show right now.

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Our market at it's finest...AFRM dropped over 40% in 20 mins but has now bounced 20% past 10.

It's like rolling craps up in here.

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