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ES and the Great POMO Rally
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ES and the Great POMO Rally

  #651 (permalink)
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redratsal View Post
IB traders is the 80% rule reliable?

PS IB 2x is exactly at 1153

Make your own rules... But I have found statistics based on the opening quite fruitful...

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  #652 (permalink)
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Always interesting...

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  #653 (permalink)
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tigertrader View Post
Always interesting...

Is that why they say that "pigs get slaughtered"?

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  #654 (permalink)
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More Selling?

I have resistance levels @ 1210, 1219 & 1228 with support @ 1177 then 1163. But IMO I think the selling continues based on S&P downgrade on US credit and this story. It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden | ZeroHedge
and
http://www.zerohedge.com/news/first-response-downgraded-non-event-saudi-tadawul-down-55

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  #655 (permalink)
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Screen Trader View Post
I have resistance levels @ 1210, 1219 & 1228 with support @ 1177 then 1163. But IMO I think the selling continues based on S&P downgrade on US credit and this story. It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden | ZeroHedge
and
First Response To Downgraded "Non-Event": Saudi Tadawul Down 5.5% | ZeroHedge

This is going to be a very interesting week indeed. The other thing that comes to mind here with this downgrade is, if the Fed announces more QE, another downgrade is certain. The thought of spending our way out of this has just hit it's limit. As predicted, Keynesian economics has failed. Bernanke better realize this as the Fed has been a major contributer to this entire mess.

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  #656 (permalink)
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Lornz View Post
Is that why they say that "pigs get slaughtered"?

What? Nobody got my Pork Bellies (-12%) joke?

Well, at least I laughed...

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  #657 (permalink)
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Lornz View Post
What? Nobody got my Pork Bellies (-12%) joke?

Well, at least I laughed...


I got it...ha ha...I just gave you a "thank you" to make you not feel alone

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kbit View Post
I got it...ha ha...I just gave you a "thank you" to make you not feel alone

Thanks, kbit! I appreciate it, I was quite proud of that humorous remark...

My self-image is restored now!

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  #659 (permalink)
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Private Banker View Post
This is going to be a very interesting week indeed. The other thing that comes to mind here with this downgrade is, if the Fed announces more QE, another downgrade is certain. The thought of spending our way out of this has just hit it's limit. As predicted, Keynesian economics has failed. Bernanke better realize this as the Fed has been a major contributer to this entire mess.


I'm not smart enough to know what the answer is and either is Bernanke obviously. He's got himself(and us) in quite a predicament...no matter what he does we're screwed. One thing is for sure though and that is as you have said that Keynesian econmics does not work and if nothing else it would be nice if those running things realized that fact.

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  #660 (permalink)
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kbit View Post
I'm not smart enough to know what the answer is and either is Bernanke obviously. He's got himself(and us) in quite a predicament...no matter what he does we're screwed. One thing is for sure though and that is as you have said that Keynesian econmics does not work and if nothing else it would be nice if those running things realized that fact.

Maybe he should reread some of his own books, they might come in handy:

Amazon.com: Essays on the Great Depression (9780691118208): Ben S. Bernanke: Books


"How should governments and central banks use monetary policy to create a healthy economy?"
Amazon.com: Inflation Targeting: Lessons from the International Experience (9780691086897): Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, Adam S. Posen: Books

A few years ago, when I wanted to learn more about macroeconomics, I thought it would be wise to choose a book ( Amazon.com: Principles of Macroeconomics (9780073362656): Robert Frank, Ben Bernanke: Books ) written by the current Chairman of the Federal Reserve, but it seems his actions and writings are not that correlated...

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