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09-30-2021, 05:05 AM
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#2926
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Registered User
Join Date: May 2011
Posts: 22,656
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Quote:
Originally Posted by ReplayRandall
https://www.forbes.com/sites/teakvet...teps-down/amp/
The presidents of the Dallas and Boston branches of the Federal Reserve Bank, Robert Kaplan and Eric Rosengren, respectively, announced their retirements hours apart on Monday, weeks after they said they would sell their individual stock holdings after questions were raised about their trading activity from last year.
Rosengren’s last day will be Sept. 30 — the date he and Kaplan said they would sell all their individual stocks by, after coming under scrutiny for trades made during the pandemic; Kaplan’s last day will be Oct. 8.
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those guys retired because they were exposed buying stocks in companies just before the Federal Reserve Banks bought bonds from those companies, supporting the companies.
insider trading on same level as legislators knowing about legislation going through Congress affecting certain companies.
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09-30-2021, 08:29 AM
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#2927
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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what these guys are doing to the markets is better than the CAW and after the bell boys in horse racing.
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09-30-2021, 12:14 PM
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#2928
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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Not looking good today...testing the 100MA again....and the day is still young
End of month...interesting...
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09-30-2021, 04:13 PM
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#2929
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
Not looking good today...testing the 100MA again....and the day is still young
End of month...interesting...
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Its funny , SP 500 high 4535 .....5% off that is 4309
Todays close 4307.5.....
Just looking for any reason for it to f&*^ing ...STOP!!!!
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09-30-2021, 04:27 PM
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#2930
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Registered User
Join Date: Dec 2011
Posts: 148
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Is it time for Gold, Silver, Platinum, Palladium to get legs?
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09-30-2021, 04:27 PM
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#2931
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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Closed solidly under 100MA...on decent volume...might be the start of a nice downtrend.
Two or three more solid closes below 100MA and you can kiss this baby goodbye...
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09-30-2021, 04:28 PM
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#2932
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
Originally Posted by geroge.burns99
Its funny , SP 500 high 4535 .....5% off that is 4309
Todays close 4307.5.....
Just looking for any reason for it to f&*^ing ...STOP!!!!
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take a good look at S+P 2500, because that's where this is going.
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09-30-2021, 04:44 PM
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#2933
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
take a good look at S+P 2500, because that's where this is going.
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PA Mike wouldn't have to ban me any more....
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09-30-2021, 04:50 PM
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#2934
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
take a good look at S+P 2500, because that's where this is going.
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Covid days ?????
Maybe 3300 , more reasonable.....more around 25% drop
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09-30-2021, 05:27 PM
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#2935
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Dow-Generational High?
Have we seen a generational high for the Dow and S&P500? I'm talking about something that looks like the Nikkei 225's high back in '89 & '90. It reached almost 39,000 points and has not returned to that level 31 years later. It's still 10,000 points below that high.
https://yhoo.it/3uu33o3
If the Dem's are successful with all their destructive spending packages and massive tax hikes on corporations, middle class and wealthy people, it's a strong possibility. I do think this correction, IF it continues will see the Dow losing 1,000's of points in a day.
I will remain short on the markets, for now.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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09-30-2021, 07:07 PM
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#2936
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by lamboguy
take a good look at S+P 2500, because that's where this is going.
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Is it the unfilled gap you are referring to?
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09-30-2021, 07:31 PM
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#2937
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by Big Russ
Is it time for Gold, Silver, Platinum, Palladium to get legs?
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I'm seeing $Silver going down to $16-18. Gold maybe, down to $1600.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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10-01-2021, 02:32 AM
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#2938
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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Quote:
Originally Posted by FakeNameChanged
Have we seen a generational high for the Dow and S&P500? I'm talking about something that looks like the Nikkei 225's high back in '89 & '90. It reached almost 39,000 points and has not returned to that level 31 years later. It's still 10,000 points below that high.
https://yhoo.it/3uu33o3
If the Dem's are successful with all their destructive spending packages and massive tax hikes on corporations, middle class and wealthy people, it's a strong possibility. I do think this correction, IF it continues will see the Dow losing 1,000's of points in a day.
I will remain short on the markets, for now.
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My thinking has turned this way lately.
Who says the markets have to go up forever? LOL
People have gotten so accustomed to the markets just going up up up up up.
Who says it can't go down...or sideways...for YEARS and YEARS....decades, as you say.
It's quite possible. And more than likely. After all, as you point out...the future doesn't look all that bright.
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10-01-2021, 05:40 AM
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#2939
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by FakeNameChanged
I'm seeing $Silver going down to $16-18. Gold maybe, down to $1600.
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I'm considering shorting Silver, Gold and the Goldminers, but haven't done so yet. It would be a very modest short at best.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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10-01-2021, 07:05 AM
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#2940
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Registered User
Join Date: Dec 2011
Posts: 148
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Quote:
Originally Posted by FakeNameChanged
I'm considering shorting Silver, Gold and the Goldminers, but haven't done so yet. It would be a very modest short at best.
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Seems logical. I'll keep my seat on the bench for now.
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