DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 Maybe I'm blind, but I feel as though I should be seeing signs of an impending crash in stocks. So far, not seeing them. Is it just me? Has the Fed drugged me? Am I under the spell? Link to comment Share on other sites More sharing options...
potatohead Posted February 23, 2021 Report Share Posted February 23, 2021 55 minutes ago, DrStool said: Maybe I'm blind, but I feel as though I should be seeing signs of an impending crash in stocks. So far, not seeing them. Is it just me? Has the Fed drugged me? Am I under the spell? Disney's next movie is about the stock market......Sleeping Dooty Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 Ah! A visitor! Thanks for stopping by Potato! I start feeling weird talking to myself all day. Obviously it's compulsion. A normal person would have shut this down no later than 2010. Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 The money has arrived. Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 The money is working. Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 The settled funds from today's $55 billion in Treasury bill paydowns are being put to work. But it's not going where it needs to go. Stocks are recovering. Longer term Treasuries are not. Recipients of the cash are either keeping it in cash, or deploying some at the margin on blue chip stocks. The Dow is back to even. Nasdaq is lagging badly. This is money that isn't seeking risk assets. Holders just want a safe parking space, but are willing to rotate some into blue chips in the hope of participating in "recovery." Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 I guess I was right after all. Looks like the downdraft will indeed have been too short to play for swing trades. Always plagued by self doubt. Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 Perspective. Click to engorge> Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2021 Author Report Share Posted February 23, 2021 Vertical ramps out of nowhere are more the character of a bear market. Link to comment Share on other sites More sharing options...
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