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At some point this has to be a buy going into earnings season..... but when...?
Mnuchin should be next on the chopping block.
DOW under 22k. PPT, where are youuuu?
The DOW is trying hard to hold 22k. That breaks..... watch out below...
Wow, that’s one ugly chart. Thanks for posting it....
Santa will come dressed like PPT this year? Lol
Maybe Mnuchin’s gonna tell the PPT to step it up...? I dunno. The fact that he’s having a call like this on Christmas Eve is scary....
I agree.... Mnuchin made this worse with the statement he released yesterday. When the government tells you not to worry, it’s time to worry....
“The Treasury said Mnuchin will convene a call on Monday with the president's Working Group on Financial Markets, which includes Washington's main stewards of the U.S. financial system and is sometimes referred to as the "Plunge Protection Team."
https://www.reuters.com/article/us-usa-treasury-idUSKCN1OM0LJ
Will the PPT step in today? Hmmmmm.....
“Plunge Protection Team” is trending on Twitter...... oh my.....
Whaaat? Are you trying to say that it’s not normal for the Treasury Secretary to make unsolicited calls to the heads of banks to reassure them about a crisis that they didn’t know they were in.... 2 days before Christmas? Bahahahahaha. FU Mnuchin!!
Came here to post the same thing.... Mnuchin doing damage control. Tomorrow morning could be ugly....
Today I convened individual calls with the CEOs of the nation's six largest banks. See attached statement. pic.twitter.com/YzuSamMyeT
— Steven Mnuchin (@stevenmnuchin1) December 23, 2018
Lots of big companies slashing their outlook for 2019.... I don’t think Jan & Feb are going to be pretty....
“Financial Stability for $100 please”
I sure hope that’s the case. From what I’ve read, it looks like Trump can fire him “for cause”. I don’t think Powell raising rates qualifies as “for cause” just because it pissed Trump off.
Trump uses the market as a gauge for how he’s doing with the economy. If he were to fire Powell, the market would tank royally due to investor fear / uncertainty. Definitely not a smart move.
SPY $210 and $180...... Never thought we’d talk about these levels again!
Keeping an eye out for developments....
“the president has talked privately about firing Powell many times in the past few days, said two of the people.”
“Any attempt by Trump to push out Powell would have potentially devastating ripple effects across financial markets, undermining investors’ confidence in the central bank’s ability to shepherd the economy without political interference. It would come as markets have plummeted in recent weeks, with the major stock indexes already down sharply for the year.”
Whoa! Talk about a significant market driver. If this were to happen, support levels would be probably be destroyed.... It’s unclear if Trump can fire Powell, but he wants to. If you follow Trump on Twitter, he’s super pissed about the rate hikes....
https://www.bloomberg.com/news/articles/2018-12-22/trump-said-to-discuss-firing-fed-s-powell-after-latest-rate-hike
IHub needs a “like” button
The way I look at is that there needs to be a driver that produces the volume needed to test the technical indicators.
They all work hand-in-hand
Trump just canceled his trip to Maralago for today. He supposed to go there for 2 weeks but said he stay in town if there was a shut-down. Guess the don’t have the votes to pass the CR. Markets not liking it. Still 8 hours or so before the shut-down.
Just came here to say the same thing.....
I’ve been watching on and off.... I think they’re waiting on more Senators to return to DC for the vote.
Premium burn until then....
Market is waiting on Senate vote which is supposed to happen soon.
I think Fri will ultimately be ugly.....
Powell just gave Trump the middle finger, lolzzzz.....
Wow, they did good shaking put holders into close!
Sounds like you have this baby pegged!! I’m thinking we’ll have a Santa Claus rally... I agree, back down in Jan....
It will be interesting to see if market rallies if there’s no rate hike.... and then sells off, lol
I’m guessing they won’t hike rates in Dec.... My opinion only =)
Alan Greenspan to investors: 'Run for cover'
https://www.cnn.com/2018/12/18/business/alan-greenspan-stock-market-party-over/index.html
From CNBC:
“The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 7 percent so far for the month. The S&P 500 is now in the red for 2018 by 4 percent.”
Yikes!!
Holy crap! SPY at $255??
Wowza! Just checking in for a minute. This is ugly!
Usually the market likes progress on the trade deal with China, but Trump has cried wolf too many times. We’ll see if the market agrees....
Tweet from Trump a few mins ago....
“China just announce the there economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!”
Ugh. I haven’t been really trading lately. The toddler is super mobile now. It’s Impossible to focus for more than a minute or two, lol.
Sad I’m totally missing out but I hope you guys are banking!!
It GE
Watching HMPQ....don’t know anything about it except that it’s gaining some attention....