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DrStool

Fed Makes Noise Like Bazooka, Shoots Popgun 3/16/200

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They are trying to establish a bottom here. The spin will be that China reported that there is only ONE new Corona case during the last 24 hours in Wuhan. Will it stick? We will see.

As a reminder: DAX did fall from 13800 to 8200 within 3 weeks. That is NOT nothing.

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All Ords steadily rose to finish +5.4%.  Not expecting a meteoric rise from here, probably more like a pullback tomorrow as sellers in the wings come forward.

 

Hong Kong gained +0.9%, Nikkei +0.1% and China finished flat. 

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Every uptick is used to sell full force into it:

DAX high was around 9150, right now dived below 8500

S&P was at 2512. lock limit up, now did fall below 2400

those moves are almost unreal.

Doc used to say in the past, that such monster volatility is a sign that there is a lack of liquidity. So it seems that all those hundreds of billions injected are not used for stocks. Can I draw such a conclusion Doc, or would this be incorrect?

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