Replies to post #187764 on SPDR S&P 500 (SPY)

[risk on]

Yes, I've stated the similarities are uncanny, soooo uncanny in fact, that it seems a lot too good to be true. Knowing that the post event pattern runs are rare, and post event patterns repeating their self so close, sequentially is even rarer still, I think this may be a good ole, " hey it's OCT again, load calls! " then....rug pull. Jmo

[risk on]

"The People's Bank of China (PBoC) cut its so-called reserve requirement ratio (RRR) meaning banks will be required to hold less reserves in the hope that the excess capital will find its way into the real economy."

Perhaps the real reason the reserve requirement was lowered is to make banks stay within the confines of the PRC rules, as their reserves were already below the previous required levels.


It's possible the change is to keep pace with ever worsening situation ( reactive ) , NOT the proactive measure, as stated.