Wednesday, September 21, 2016
I called the market pretty good yesterday
In my post showing the range of high to low for Fed day I showed the high at 2165.00. The high for the day was 2165.11. Pretty damn good guessing.
My options analysis shows options buyers think that there will be a rally but it fades by December and is gone gone gone by January.
This is consistent with what everyone believes. The Fed will raise rates in December.
Additionally, bond buyers are not abandoning bonds in the slightest. If they do I will rob a bank or two and put the money in 3x ETFs.
We shall see.