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Bad Santa....
- Thread starter kb9nvh
- Start date
Tsunami
Well-known member
Well, if the 2020-25 area holds tomorrow then there is hope, but there has been way too much "hope" for a Santa rally in the news lately. Hope doesn't make the market goes up, reality does, and reality shows that economies are rolling over into a recession right as the Fed has started a rate raising campaign. As somebody commented on financialsense.com, this Fed move might go down as the dumbest in history. I see the futures have already crumbled to 2025. For those still in stocks, I hope it's just a wave 2 low in that area and reverses straight up tomorrow. I don't expect that though, the technicals are set up perfectly for a big drop.
James48843
Well-known member
weatherweenie
Well-known member
I'm not leaving out milk and cookies for that SOB. Maybe an ecoli laced Chipotle burrito.
RealMoneyIssues
Well-known member
Well, THAT was a horrible ending to the day and week...
JamesE
Member
Nice work T. You know, I started having second thoughts about the market last spring when it just sort of meandered around. Then, like most us who've been around awhile, took the punch in the gut in August and held out hope it was just fluke. Well, I am now saying openly that this market has changed character and I will be treating it as such from now until proven otherwise. I should have listened when they were talking about all the money (as in billions) leaving equity funds two weeks ago. Check out Scott's thread and tell me that looks good:
SPX - LT MO REVIEW - Fearless Forecasters - Traders-Talk.com
Lakebound
Member
And perhaps the year. I have zero faith in the market right now and I wouldn't bet on any so called "Santa Rally" this year. This is just pathetic - Good riddance 2015.
Frank
O
OBXTrader
Guest
Folks like to blame Santa, but you can't blame him for not making YOUR position change yesterday and today due to IFT limitations (noon cutoff). The market was down over 20 S&P before cutoff yesterday. If Monday is bloody, can't blame Santa, market was down over 20 before noon today. Blame big oil companies, they are doing this. Wait, no, we only blame them when prices are too high.
I may be out here, but I am sitting in a sleigh waiting for Santa in other accounts.
I may be out here, but I am sitting in a sleigh waiting for Santa in other accounts.
Just ate about one years worth of g fund safety in the last two weeks. Learned my lesson. This market has been a flat out gamble the last year. I'm done until we get some upward consistency back. I pulled out today so no doubt anyone still in will get 50 points tomorrow. I suck at this!!
burrocrat
Well-known member
look on the bright side...
at least you got credit and can still barbeque.
it's all a matter of perspective.
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