agip wrote:
Racket wrote:
ECB rolling out a huge stimulus. Markets are no longer allowed to go down, only way is up baby!!!
heh. The algos are not pleased. Global stocks down almost a percent on that news. This sounds like a rare example of 'bad news actually being bad news.' Meaning that the European and Chinese slowdowns are more serious than the market thinks. And that loose money is needed just to hold the line, not to goose the financial markets.
SPX right on the 200 day. I'm liking more and more the idea of hiding out in short term high yield bonds for a while...stocks just soared and fundies don't look great. Getting 5% isn't too bad by my book for that amount of risk.
This market seriously exists just to prove us wrong. 10 year T notes have taken a beating and HYG is down right now although I don't follow that ETF closely. Also word on the street is that Trump is explicitly trying to use a deal, any deal at all, with China as a re-election bid since he hopes it'll pump the market. We pretty much already knew this but now it's officially out in the open. IMO the market has priced in the best case scenario trade deal, something like China completely capitulating (which is super unlikely).