They proved to be ineffective across the ECB.
The challenge is that, the way things are going, the Fed rate is going to matter little since free market rates will explode the worse things gets. Lending is going to come with a premium as risk increases.
This was the reason why the Fed dove into the repo market, to keep short term interest rates from absolutely exploding if left to the private sector.
Central banks are the only ones who are going to be lending. Banks are going to operate in their own best interest which means only lending at a premium.
Posted Using LeoFinance
So it going to get more ugly before the sun shines. I'm looking to short Wells Fargo in the morning as the Banks were telling another story despite FANG moving higher over the last 4-6 wks.
Posted Using LeoFinance
My simple indicator gave a trigger on the SPY. We might be at the point where things are about to roll over.
It could happen in a fierce way.
The run up in the market is attributed to a handful of companies. Most of the S&P is sucking hind end.
Posted Using LeoFinance
Agree, if FANG and Apple roll over, that spells trouble for the markets overall.
Posted Using LeoFinance