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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (133765)	5/18/2017 8:35:34 AM
From: bart13	Read Replies (2) \| Respond to of 219674

I sure was tempted yesterday mid morning to jump in with a substantial short but only ended up with a small short due to the risk issues I perceive amongst the BTFD extreme optimists. As I type, the S&P is still trending down and my shorts are still open and adding coin to my account. The move doesn't look terribly strong with both PMs and oil still headed down... watch and brief as Jay always says... A few on the FOMC have backed off to only 2 more hikes this year, perhaps remembering their crazy optimism in 2004-5 (ex: Greenspan and "frothy" housing prices, few realizing at the time that that frothy means small bubbles). As far as yield curve issues, the Fed seems to be mostly ignoring them given their daily behavior with the Securities Lending OMO and the 10 year stuck in a range trade in the 2.3-2.4% area for about a month. Let them eat cake... ;)