Replies to post #263897 on Option Millionaires

[Nolerman]

I'd much rather wait and see. As much as I believe they won't, it's still 50/50. As a person who is geopolitically obsessed, one thing I have learned is that central bankers react to situations that are forced onto them by other central bankers.....its hardly ever the case that they have Main Street interests in mind. That said, China is dumping obnoxious amounts of US reserves on the market, essentially producing a tightening effect on our market. So now we have a situation where we (read FED) want to attempt to normalized our rates (or at least appear to) that have been extremely low, shortly after terminating QE altogether, thus ending the easing. If markets want to continue higher, it's difficult with China effectively raising our rates for us.

Long drawn out answer to your question made short: It's a coin flip. Until the currency wars slow a bit, and market picks a direction, I will be reactionary, and very short-term minded with trades.