Replies to post #12920 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tmorr55]

No kidding, eh. I should've expected this today with Fed Speak. They're all cowards and can kickers. Well, VIX has shot up since market close. Should've kept my larger position and sold in pre mkt, ha. Timing this sucker isn't easy. I was trading this rapid fire today, just making my money back, thinking to myself...why am I doing this to myself, lol Is it all worth it? Wel, no...unless I'm making money consistently, which I'm not. It's the sport of the thing, I guess and yes it is exhilarating if you're on the right side of the trade. Natty getting down into long zone, I think. Probably more my style to just take a position at some point in the next couple of weeks and just hold the damn thing until January.

[Montanore]

They want to keep their game going as long as they can and Powell said they had plenty of 'tools' left to fiddle with the economy.

They don't. Permanent zero interest rates won't cut it. They will have to trot out negative rates eventually in order to keep their game going. Can you imagine what would happen if they raised rates? The economy would implode even more due to the massive build up of debt. Raising rates is no longer one of their tools. Just lowering rates.

It's time to end the Fed. It should never have been allowed to get started in the first place.

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The Fed will also for the first time present its economic and interest rate forecasts for 2023. That forecast is expected to show the central bank will be keeping interest rates at zero for years.