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DrStool, April 28 in The Daily Stool - Stock Market Message Board
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This should be the stock market.
Mega critical right now. ES 2898, seems to breakout, Dow and NAS100 lagging a bit, but not much. DAX tripple top or breakout?
If we don't move down hard once cash is open, this thing starts the fifth wave which leads us far above 3000, maybe hitting ATH within a few weeks.
DAX just bombed above 10800
that thing even EXPLODES to the upside. Bear case is done for now. Forget it.
Regarding a vaccine: Don't forget that the whole world works 24/7 on that. That didn't happen regarding Ebola or HIV. Imagine they'd present a vaccine in October or so although every expert says that is impossible? One the vaccine is there the FED will of course reduce, but how much? They can't reduce quicker than the market moves up and up and up. And: When they starts a QE in relatively good times, September 2019, why should they then break the markets neck right now or in a few months? That would be a 180 degree policy shift. In a election year, when the Street wants Trump???
complete and total destruction of all bears.
Who holds me back from perma bear bashing?
Now they destroy the last hope of bears: The 1929 analogy.
That's a 100 yard touchdown by the FED.
5 day cycle projection 2955.
Kill me now.
the 61.8 is 2932.
The Treasury is pounding the market this week and we go up like berserk??? OMG, it is even worse than expected. Why does the FED not see this? I mean they must realize that if they do nothing we will hit new ATH's till the end of May. Do they want this? I mean: REALLY?
The Fed is absorbing just a fraction of this week’s massive Treasury issuance, but stock futures continue to levitate and have broken through a key resistance level. Smoke and mirrors, or just smoke from burning cash.
That’s because the dealers and their institutional customers need to absorb $241 billion in Treasury issuance this week. How the hell are they paying for that? The Fed is only covering a fraction of that this week.
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The Anals of Stock Proctology