Down goes the Dow

J. Hardy wrote:

Ghost of Igloi wrote:

I am sure many believe that. That view operates under the assumption that there is no end to the ability of central banks to manipulate markets. History says that did not work out well for Japan or the Euro zone. Low interest rates have been disastrous for banks, and if you doubt that look at the domestic banking index, or Euro zone banks. There is cause and effect here; you just choose to ignore it while you cheer the momentary market rise.

But it did work out well for the U.S. markets and it wasn’t just a “momentary market rise.” QE was an unqualified success. I know you will say otherwise, but the evidence says you are wrong.

Market is more than the NASDAQ, but you choose to remain blind. Here, revealed right before your eyes:

Yes, all low interest rate environments are all literally the exact same, regardless of country or geo-political situation. Give me a break Igy.

This isn't market manipulation, it's providing liquidity during an unprecedented crisis. The Fed isn't propping up Netflix stock or whatever else you think is over-valued.

J. Hardy wrote:

Ghost of Igloi wrote:

I am sure many believe that. That view operates under the assumption that there is no end to the ability of central banks to manipulate markets. History says that did not work out well for Japan or the Euro zone. Low interest rates have been disastrous for banks, and if you doubt that look at the domestic banking index, or Euro zone banks. There is cause and effect here; you just choose to ignore it while you cheer the momentary market rise.

But it did work out well for the U.S. markets and it wasn’t just a “momentary market rise.” QE was an unqualified success. I know you will say otherwise, but the evidence says you are wrong.

And note too that the ZeroBrains bears of 2008 also predicted hyper-inflation, which of course never happened.

The US basically has a gold printing press, partially because we're the only place in the world to invest, and partially because we have like twelve Put Third World Countries Back In Their Place-class aircraft carriers

Racket wrote:

Ghost of Igloi wrote:

I am sure many believe that. That view operates under the assumption that there is no end to the ability of central banks to manipulate markets. History says that did not work out well for Japan or the Euro zone. Low interest rates have been disastrous for banks, and if you doubt that look at the domestic banking index, or Euro zone banks. There is cause and effect here; you just choose to ignore it while you cheer the momentary market rise.

Yes, all low interest rate environments are all literally the exact same, regardless of country or geo-political situation. Give me a break Igy.

This isn't market manipulation, it's providing liquidity during an unprecedented crisis. The Fed isn't propping up Netflix stock or whatever else you think is over-valued.

The Fed targets asset prices generally, not NFLX specifically. NASDAQ is target by traders, or more specifically FAGMA because of their market weight and cult-like following. That is the result of policy, and an unintentional consequence.

Interesting, Bulls lost control at 50 DMA; they need to regain control by the close. The Bears are on the 10 yard line, deep in the Red Zone, first and ten.

First and ten, do it again!

2799 and a half just won’t do, we have to push that ball right on thru!

Ghost of Igloi wrote:

J. Hardy wrote:

But it did work out well for the U.S. markets and it wasn’t just a “momentary market rise.” QE was an unqualified success. I know you will say otherwise, but the evidence says you are wrong.

Market is more than the NASDAQ, but you choose to remain blind.

I did not mention the NASDAQ.

I did:

https://twitter.com/jasongoepfert/status/1260598802270105601

Ghost of Igloi wrote:

I did:

https://twitter.com/jasongoepfert/status/1260598802270105601

That’s the S&P.

Ah, if S&P 500 was down -9% what do you think it would do for the NASDAQ?

SCORE!

Ghost of Igloi wrote:

SCORE!

I’m glad you asked. It’s currently Igy 1, Everyone else 334,809.

Did you have another bad day Detector Dude? I know, its been a bad year for you. At least you got a stimulus check and unemployment benefits.

You don’t know as much as you think you do.

Why do you say that Detector Dude?

?

Ghost of Igloi wrote:

Why do you say that Detector Dude?

I don’t think I’ve ever said “that Detector Dude”? Why would I?

You’re so clever Detector Dude and your responses so similar. What is with your crazy multiple handles? That is quite obsessive and unnecessary don’t you think?

You can breathe a sigh of relief:

https://www.cnbc.com/2020/05/13/jim-cramer-shows-playbook-for-investors-to-start-buying-stocks-thursday.html

Ghost of Igloi wrote:

You’re so clever Detector Dude and your responses so similar. What is with your crazy multiple handles? That is quite obsessive and unnecessary don’t you think?

I will answer your question after you have answered mine.