DrStool Posted February 13, 2020 Report Share Posted February 13, 2020 I don't know what I told you. But I definitely said it somewhere. Take it away, stoolies! I will be back with more later. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 LEE'S FREE THINKING Ewww!!! What’s That Red Stuff? by Lee Adler • February 13, 2020 • 0 Comments Stock Market Trading Setup for Thursday February 13, 2020 I have been beset with brainfarts lately. Must be old age settin in. Bad enough when you let em loose in the sofa cushions, but in headlines on your own website? Ohgawd, how embarrassing! Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 Now the Fed says it will count Treasuries as reserves. Makes absolutely no difference whatsoever. None. Zero. Zilch. Nada. Zip. Reserves aren't the issue. They are a read herring. There are plenyty of reserves. The problem is that there's not enough cash in the system to absorb all the Treasury issuance without the Fed buying some of it. The Fed's mistake is buying too much. The dealers didn't need that much. But now, the Fed has driven asset prices so high that the system is absolutely dependent on the Fed continuing to support prices. Too much leverage. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 If the Fed even slows a little bit, it could trigger systemic collapse. Link to comment Share on other sites More sharing options...
potatohead Posted February 13, 2020 Report Share Posted February 13, 2020 Time to use the bat phone.......CALL 1--800-FED-HELP Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 13, 2020 Report Share Posted February 13, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 Be fruitful. Buy the dip and multiply, saith the Lawd. Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 13, 2020 Report Share Posted February 13, 2020 13 minutes ago, DrStool said: Be fruitful. Buy the dip and multiply, saith the Lawd. Yup. One day this all fails, but until then anyone who tries to short this thing instead of buying dips is, as Forrest himself said "stupid is as stupid does". Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 2 day cycle projection 3386. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 It's over now. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 They're unable to clear the rising trendline, Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 I think we're gonna see some real selling now. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 It needs to break 3378 to confirm. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 MUST READ Treasury announces 21-Day Bill That''ll hurt Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2020 Author Report Share Posted February 13, 2020 I now must eat crow and reverse course. The bastards held. Link to comment Share on other sites More sharing options...
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