Trading days, i think.
Trading days, i think.
BOINNGGGG
Maserati wrote:
PPT, exactly. They don’t need to do too much depending on volume, just enough to affect technical levels, especially the 200dma.
These signals drive the algos, and the signal is all that is needed. Once the algos take off the PPT can even sell back into the market and replenish the ESF.
Who knows how much juice they have, and how much sell volume they can handle, and at what speed. These things are being tested, but I am pretty sure they have significant headroom.
just a few big mega-levered futures contracts can move the needle/stop the bleeding, then traders smell momentum moving to the upward direction and then they pile back in.
it's just trading. it's how traders make money. the rest of us rely on the long term upswing of the markets. It's slower, but more sure.
Yes but I guess the point is that it is the gov providing/guaranteeing the leverage to some select banks and institutions and getting performance guarantees in return. The gov operating through sifis.
That is my operating theory of the mechanism. When I suggested it to someone who would know, he politely kept quiet, which to me was all the confirmation I needed.
Yesterday was a good opportunity, but I needed confirmation, which I now have. We are now buying.
Maserati wrote:
These tv guys are hilarious to listen to,
Much like one of our frequent poster.
agip wrote:
oh sorry - you were talking about market timing. I was talking about the 11am-noon panic spike down.
I don't need to talk about market timing being a disaster. You can find research on that on the internet very easily.
In other words you cannot support this illogical assertion?
Not the leverage provided by the contracts, the leverage used to buy the contracts.
It’s not normal trading IMO, because it is coordinated. That coordination is achieved not by a direct order, but by underwriting guarantees. The coordination never has to be total, it only has to be enough.
I am not opposed to this as a mechanism, btw, and this is not a paranoid conspiracy theory. This system probably serves the everyman, and the country as a whole, better than one in which much larger swings can, and have been, engineered by a select few for their exclusive benefit. Know who will benefit most from a huge crash? Those same banks and institutions, sifis, that now play along, having traded real risk for security (real risk because the big gambits don’t always work).
It works and will continue to work, with savers as collateral damage. Hugely mounting debt might be a problem, which is why T has his undies in a bundle over the Fed. As long as there is ZIRP or NIRP, debt isn’t a problem, and he knows it, which is why he is running up huge debt. By “normalizing”, the Fed is upsetting his, and everyone’s, apple carts.
PPT is just QE 2.0, only essentially invisible, with vastly more rapid response time and cost recovery, making it much more efficient. Also, because of that, it doesn’t appear on the books because credit is extinguished very quickly.
I do see the benefit of putting dampers and governors and flywheels on the market. Is the longest bull run in history evidence that the problems (especially debt) been conquered? Definitely maybe, the play is continuing.
Let’s hope for no pandemic and no infrastructural cataclysm—although even those might be dealt with.
Paranoid would be to believe that mutuals etc are delayed so that their orders can be tracked and the effect of those orders counteracted before they are executed, if such effects are deemed to be bad, as in cumulatively driving an index below the 200dma. This would be a buffering-type mechanism.
Dow down over 200 around 2pm eastern. Interesting.
Rates affect not only PPT funding, but also buyback rate, and corps have been the biggest buyers for a while now.
Dow 100dma...
And sp500 200dma.
Wow, we are lucky to have started slowly cherry-picking.
Wow, another test, this is terrific
And gold up! Finally!
Holy shxt
Ghost of Igloi wrote:
https://m.youtube.com/watch?v=Uh7tgX_Uaqs
Boy that accelerated quickly,
PPT kicks in again! What a day
getting close - VIX 29
Average VIX max on these freakouts is 32.
just a little more pain needed....
holy air pockets
some might large dollar amounts being pushed across the counter today, boys!
days like this are when traders make their entire year. Winners today will probably pack it up and go play darts the rest of the year.
Bouncer wrote:
BOINNGGGG
Bump
Yes! One firm just gave a guy the toilet brush treatment. He was so jacked up that they sent him to clean toilets to get back to the real world?
Incredibly, they have mostly packed it in before close!! Now THAT takes discipline, omg
Great interview with Steve Cram - says Jakob has no chance of WRs this year
I’m a D2 female runner. Our coach explicitly told us not to visit LetsRun forums.
Guys between age of 45 and 55 do you think about death or does it seem far away
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adizero Road to Records with Yomif Kejelcha, Agnes Ngetich, Hobbs Kessler & many more is Saturday