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PBOC kitchen sink this morning. Rally on for equities generally speaking.
EDIT:
1) My statement from yesterday on oil still stands. The rally in equities should remain intact until we lose 44.50 [again].
2) The PBOC move also puts a December rate hike back in to the narrative (ease FED worries on china growth). The FED won't do it [for other reasons], but the change in the narrative coupled with #1 will provide a trading opportunity for ~November.
Last edited by waldo29; 10-23-2015 at 08:08 AM.
Pandora continues to take a major beating! Geez! May be a strong indicator of the challenges of all streaming services, which I felt from day one are a lousy investment for obvious reasons. On the other hand, Sirius seems to be holding it's gains. Is it possible that finally the street is accepting that the consistent consecutive positive quarters are simply not a fluke? We will find out! In the mean time I upped the next block of my 1/2 core sell off program from $4.08 to $4.14. Now off to lube up my well oiled machine! (Sorry Midas if that seems like a metaphor for something offensive. Lay it on me brotha!)
That was quick on WTI..make sure its not a knee jerk on the adjustment to dollar strength.Originally Posted by waldo29
For those of you that don't like Hillary, which seems like there are a lot here in this forum, the House GOP is not doing you any favors. You better hope they don't give her any more free airtime than they already have. Anyone want to bet her poll numbers go up? Anyone, Midas?
Also, looks like Ryan is going to take the job. good luck with that! My guess is the "Freedom Caucus" turns on him before the new year. I'll take another bet on that too.
Not suprised that P is still getting slaughtered bdp. The take down did not start until after hours last night....so the average joe prob just seeing first thing this am and hitting that panic button....i havent checked it yet, but going to. I still say its ripe for a rebound in the nest week or so....basing that on a take down of +20 to what +30 percent?
Good morning!i'm baaaaaaaack!
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Market is up close to 500 pts in two days, we had stellar earnings and we still cant break 4, lol. gotta love it.
But on the flip side, we aren't circling the toilet as usual either.
http://blogs.wsj.com/moneybeat/2015/.../?mod=yahoo_hs
The Dow’s correction will end at the closing bell. The S&P 500′s is on the verge of ending.
That’s the upshot of Thursday’s rally. The Dow Jones Industrial Average, up 312 points at 17480, is poised to close at a level which would mean the blue-chip index would be out of correction territory. The index’s 1.8% gain has catapulted it to a level more than 10% from its summer low; it’s currently 11.5% above its Aug. 25 close of 15666. To exit correction territory, the Dow must close above 17233.08. That’s a near certainty at this point.
Both the Dow and the S&P 500 entered correction territory amid August’s swoon. From its May and all-time high (18312), the Dow fell 14.4% before grounding out in August. The S&P 500 fell 12.3% from its May and all-time high (2131) to its August low.
For the S&P’s correction to end, it needs to finish above 2054.37; that index is up 32 points at 2051 after earlier getting to 2055.
Morning DM....and we are still trying to take out $4...funny stuff man. We'll get ours in due time....2016?
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