RE:RE:RE:RE:So far a great dayMidgetwhacker wrote: Quantitive easying is a farce. In essence it means taking money from the tax pay and there children that wont retire to a 2nd world country. Because of the taxes, and future of the the people that do it.
I was able to day trade hvu on Thursday. In the end I came out with a lower aps and a profitt on the same share amount.
Yellen is irrelevant IMO. World market says it all.
IMO not only is Yellen relevant, she's the ONLY relevant indicator for the US. Traditional economics are out the window for now. Stocks, Oil, Gold, USD, are all dictated by Fed policy
Ex. Fed ends QE, Oil immediately starts crashing from $105 to $26 and stocks stop advancing. Fed hikes 0.25%, stocks crash 15%.
Prices in this historic era are not being driven by the supply and demand of the goods, services, or assets in the economy. Prices are being driven by the supply and demand of the US DOLLARS those goods, services and assets are priced in.
Good job on the scalping. IMO we could test S&P 2050 again, and bad case we test 2080. Good resistance at both so hopefully one holds and we go down. If we bust decidedly through 2080 all bets are off for me and I cut my HVU losses. Of course hopefully we just go straight down! haha. GLTA. DYODD