Due to Bernache's remarks, the market fell ~ 50% of gains for the day during his speech. No more QE III and little chance of QE III. The corporations are flush with cash?
Dollar went up 0.45% and Euro went down 0.6% through the night with the expected fall of indices 0.4-0.6% through the night.
The Euro trader remains 39% bullish suggesting it will go down further today, and the Dollar traders have swung from bull to neutral to bearish suggesting some over shooting and flight from Euro: therefore suggesting a fall later today. If these happen, IMHO, this will help the market to rise today.
Hoping for an up day later.
New start in the mart?
Moderator: Aitrus
New start in the mart?
Seek Wisdom where it can be found.
Re: New start in the mart?
We still have to see how the debt/spending issue plays out and QE is coming to an end. This market isn't going to stop on a dime regardless of how good any new news might be, and there is a lot more possible bad news that could surface than good news. If you have money in the G, hold on to it and get ready to put it into play next month. I hope this is only a correction not something more severe like a change of direction. I doubt it is. Everything points to a slow down and this correction is the smart money taking profits.
July 25 = 100% S Fund
Re: New start in the mart?
We might be in line for a rip your face off type of rally to squeeze shorts today.
Fund Prices2024-03-28
Fund | Price | Day | YTD |
G | $18.15 | 0.05% | 1.05% |
F | $19.08 | -0.06% | -0.74% |
C | $82.21 | 0.11% | 10.55% |
S | $82.43 | 0.30% | 6.92% |
I | $42.57 | -0.24% | 5.95% |
L2065 | $16.38 | 0.02% | 8.37% |
L2060 | $16.39 | 0.02% | 8.38% |
L2055 | $16.39 | 0.02% | 8.38% |
L2050 | $32.73 | 0.01% | 6.95% |
L2045 | $14.91 | 0.02% | 6.58% |
L2040 | $54.38 | 0.02% | 6.22% |
L2035 | $14.34 | 0.02% | 5.79% |
L2030 | $47.67 | 0.02% | 5.38% |
L2025 | $13.15 | 0.03% | 3.43% |
Linc | $25.61 | 0.03% | 2.82% |