TheRealZed
Retired Sailor
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Looks OK over 72.80, most indicators look oversold.
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I can't imagine what the index will eventually decline against.
Wall Street Apes@WallStreetApes
How desperate do you need to be to BORROW 100,000 #AMC shares at a price of 385.2% borrow fee?
These criminals don’t care about burning through money because it’s not their money, they’re burning through your retirements. They’re trapped in bad bets trying to short AMC into bankruptcy for profit. If they had succeeded they wouldn’t have to cover their short or naked short positions. Now thanks to the APES they have to pay any price to try and stay in the game. @SpeakerMcCarthy any comment?
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Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation.
That means continuing to hike interest rates, as he sees a likelihood that the Fed's benchmark borrowing rate should rise to 5.4% from its current target range of 4.5%-4.75%.
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exactly... they knewIt's almost like they knew this would screw over the competition harder than it would the USA.
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets expect if the economic data doesn't cooperate.
"The disinflationary process, the process of getting inflation down, has begun and it's begun in the goods sector, which is about a quarter of our economy," the central bank chief said during an event in Washington, D.C. "But it has a long way to go. These are the very early stages."
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Markets briefly turned positive as Powell spoke as investors are hoping the Fed soon will halt the aggressive interest rate hikes it began last year. However, the major averages later flipped back negative after Powell cautioned about strong economic data like last week's jobs report for January.
Asked whether it would have influenced the Fed's rate call if it had the jobs report before the policy meeting, Powell said, "We don't get to play it that way unfortunately."
However, he said if the data shows that inflation is running hotter than the Fed expects, that will mean higher rates.
"The reality is we're going to react to the data," he said. "So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have do more and raise rates more than is priced in."
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Hey Lancers, I'm not quite getting the lettering of this chart. Is it classic Elliot Wave or something different? I threw my own chicken-scratch on there using classic EW rules and had a slightly different outcome.For entertainment purposes. I can't imagine what the index will eventually decline against.
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Hmmmm...
The president of the New York Federal Reserve said the central bank needs to maintain “restrictive” interest rates for a few years to make sure high inflation is restored to low pre-pandemic levels.
John Williams said in an interview with the Wall Street Journal that the Fed has a lot more work to do to bring inflation down and restore what economists call price stability.
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Williams, a key ally of Fed Chairman Jerome Powell, said the Fed’s current forecast of a peak short-term rate of 5% to 5.25% was still a good goal.
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Complete arrogant baloney. Banks can no more shut down Crypto then they could shut down Russia. Not that they won't try.
If they shut down the on ramps it will be mostly useless. When the cbdc arrives they will do just that. While crypto may still exist it won't be very useful, in fact they will probably criminalize it's use.
I don't do EW even the guy who wrote the book about the guy who wrote the book screwed the pooch so hard I swore it off completely. I only posted the chart to show the last 20 years of price. Since it is a basket of all kinds of diluted crap it can't go to 0.Hey Lancers, I'm not quite getting the lettering of this chart. Is it classic Elliot Wave or something different? I threw my own chicken-scratch on there using classic EW rules and had a slightly different outcome.
What stuck out is the low of Wave 4, was the same level as wave 1 . . which was @90.
Kinda odd. As if it were manipulated or sum...
This also affects Wave A and C levels. which suggests the correction won't be as deep as classic Fib levels.
What I'm saying is I don't have a fucking idea, and we should know by 2034.
These are not free markets and they won't comply with traditional charting. See below.
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Most Treasurys sold off Thursday afternoon following a weak 30-year bond auction, sending their yields higher on the day in a reversal of course from earlier in the session.
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Meanwhile, the Treasury curve, as measured by the spread between 2- and 10-year Treasury yields, headed for its most negative reading since October 1981, when interest rates were 19% under Paul Volcker’s Federal Reserve. The spread was around minus 85 basis points on Thursday afternoon in a pessimistic sign about the economic outlook.
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I don't do EW even the guy who wrote the book about the guy who wrote the book screwed the pooch so hard I swore it off completely. I only posted the chart to show the last 20 years of price. Since it is a basket of all kinds of diluted crap it can't go to 0.
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