Black Monday

**JohnnyTheHorse** · 02-03-2021, 08:32 AM

Originally Posted by bull....

nice bounce of important nasdaq support dragging other indexes up , needs to get over 13300

Certainly looks like the near term bottom is in. SP500 closed on a triple bottom on Friday, with bit of a capitulation on high volume. The size of this bounce suggests this most likely isn't just a dead cat bounce.

Got to remember that the Fed hasn't stopped printing!

**Rawz** · 02-03-2021, 08:48 AM

Originally Posted by JohnnyTheHorse

Certainly looks like the near term bottom is in. SP500 closed on a triple bottom on Friday, with bit of a capitulation on high volume. The size of this bounce suggests this most likely isn't just a dead cat bounce.

Got to remember that the Fed hasn't stopped printing!

And never fight the Fed!

**bull....** · 02-03-2021, 09:02 AM

Originally Posted by JohnnyTheHorse

Certainly looks like the near term bottom is in. SP500 closed on a triple bottom on Friday, with bit of a capitulation on high volume. The size of this bounce suggests this most likely isn't just a dead cat bounce.

Got to remember that the Fed hasn't stopped printing!

bond yields stabilizing giving people confidence to jump back in also march is tradionally a good month for stocks so might support your not a dead cat bounce suggestion

**greater fool** · 02-03-2021, 03:49 PM

Originally Posted by Rawz

And never fight the Fed!

https://www.smh.com.au/business/the-...01-p576la.html

"As matters now stand, the Fed has lost control over US monetary policy. Investors are betting that the overhang of excess M3 money created since COVID-19 began
will combine with the Biden administration’s war economy stimulus - 13 per cent of GDP, including the pre-Christmas package - to lift the economy rapidly out
of its malaise.
Rightly or wrongly, they are pulling forward an inflationary implication. Futures markets have priced in a full rate rise in 2022 and two more rises in 2023.
This is self-fulfilling and will soon start rippling through financial contracts unless corrected.
Put another way, bond traders are dictating policy. They are tightening long before the Fed thinks the coast is clear. So much for the charming idea of
“running the economy hot”."

**Scrunch** · 03-03-2021, 08:32 AM

I wonder if gamestop indirectly has anything to do with this. Gamestop showed retail clients can move a market (or at least individual stocks). Perhaps now the insto's also wish to show they can also move the market, but this time the target is the us bond market.

**Balance** · 03-03-2021, 08:53 AM

https://www.stuff.co.nz/business/opi...-probably-lose

Don't bet against the Fed.

Simple.

**Balance** · 03-03-2021, 08:53 AM

https://www.stuff.co.nz/business/opi...-probably-lose

Don't bet against the Fed.

Simple.

**JohnnyTheHorse** · 03-03-2021, 09:12 AM

Originally Posted by JohnnyTheHorse

Certainly looks like the near term bottom is in. SP500 closed on a triple bottom on Friday, with bit of a capitulation on high volume. The size of this bounce suggests this most likely isn't just a dead cat bounce.

Got to remember that the Fed hasn't stopped printing!

Good to finally see a fairly settled day of trading on US markets. Exactly what I wanted to see after that run has happened - a drop down to set some higher low support levels. If we can break yesterdays high in the next day or two then we are in a very comfortable position again, with this drop just setting healthy weekly higher lows.

**Tomtom** · 03-03-2021, 09:14 AM

Can we fight RBNZ? Looking at the data this morning house prices and milk products, the cornerstones of New Zealand's economy, are running searingly hot. The Guv' seems to be caught flat footed if this is an indication of inflation.