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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (69884)	9/21/2022 2:02:35 PM
From: ajtj99	Read Replies (1) \| Respond to of 97932

VIX shot up above 30 on that 75bp release. Fed sees rates at 4.4% EOY, 4.6% in 2023, and 3.9% in 2024.

To: ajtj99 who wrote (69884)	9/21/2022 3:47:27 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 towerdog Read Replies (1) \| Respond to of 97932

Yeah, I wasn't biting on that rally. Rates as high as their dot plot shows and admitting no soft landing... I closed my shorts and waited it out. I don't know if it was my antique computer, lack of broadband speed or my broker feed but for a while after the announcement, the quotes on my charts were a quarter off from the quotes on the order/quote screen. I still don't know if I got good fills or if I was bidding/offering way off from current price. I made profits so I guess it doesn't matter. LOL If they rally this the next few days, I'm hoping to ditch just about everything I own. I think this is going to be a whipsaw pain in the butt market for a while but it will eventually be much much lower. 4-1/2% isn't that high historically but coming from where we've been recently, with all the debt and companies only making 30 cents per borrowed dollar vs 80 cents before it all became a scam, debt is going to drag a lot of these companies to the grave. I just read a few guru pages and they still don't get it. They're buying semis and fluff not understanding we are slowing, on purpose and will continue to do so until inflation is down and we are in a recession which means lower earnings, people out of work and not spending etc.