Nov

3

very small variations in S&P on Monday oct 31 , 3.5 a half hour versus normal var on 10 a half hour. largest change was 12 pts versus normal largest change of 20 pts. since a major purpose of markets is to move enough to force out weak with big moves that public can't requite. big moves and margin calls will force enuf of them out to feed the top infrastructures. the market will have to make it up with some extraordinary changes next two days [Nov 1-2]. hang on to seat belt.

takeaways from Powell's remarks: inspector general :inflation hurts those in poverty the most: amazing that someone with no economic training can talk such a good game.

"Give a thief enough rope, and he'll hang himself." all the traders that front run the announcement of an easing next month and bought when they got the news release or heard it from their colleagues at the Fed directly or indirectly were caught long and are blowing in wind.

interesting that both the most popular sports commentator and the most popular stock commentator, mad dog russo and mad money cramer, are both proud of their madness and both seem very ethical and both make numerous predictions that are valueless. guaranteed to happen.

nice move from 14:30 on nov 2 at 3899 to nov 3 at 10:00 AM am 3708 - 5% down in blink of eye - thereby making up for the lack of margin calls and volatility in previous days.

Mr. Powell emphasized the integrity of the Federal Reserve in his commentary on wed Nov 2. he spoke of the Inspector General's probity and independence. Will someone please contact the powers that be concerning the 12 pt S&P rise form 13:30 et to 14:00 right before the announcement? it wasn't chance the announcement seemed very bullish and it was obviously leaked. How was it leaked? its inimical to a fair market which is everybody's stated goal. billions were lost and made with the leak.

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