Day traders rarely use the 4H chart for their TA.

>Hey, do you have a source?

Lol, good bot.

>MCD beat earnings and dropped in price.

The earnings themselves mean basicly nothing compared to the expectations the markets had on the report.

>Nothing is rational in this market.

Not to be rude, but it's not "irrational" just because you don't get it.

>So I'm just sticking with ETFs at the moment.

That doesn't have to be bad at all. Which ones are you holding?

>- First of all we all know our boi JPow will raise interest hikes so we goin down

Not how it works.

>- Second putas just look nicer than calls. who even likes calls?

Not how it works.

>- Third we are in a recession so we obviously goin down.

Not how it works.

But thanks for sharing, really.

This is just the regarded stuff i need to read when taking a position before a big event.

>Liquidity in the form of credit is buying a car at 1% apy, nothing to do with fund managers.

And i never said it did.

Interest rates on car loans doesn't really crash the market tho. Sure the demand drops in the short term but people will still need to drive.

It's always wise to use several pieces of data to form an analysis.

I'm just saying that the historical difference in the data im pointing to is far greater then the one you're pointing to.

It's just a regular market cycle, but the cash on hand money managers hold is something different imo.

Bonds yields are still at relatively low levela, especially seeing as the market recently made new 52week lows.

Remember TINA?

What thing that caused the dot com crash is applicable in this situation?

>Most traders here never experienced the tech bubble of 2000

This is definently true, but my takeaway from it is a lot different than yours.

>The only thing holding this market together is the pandemic liquidity injected in the form of credit,

Lol wtf? 😆

Fund managers cash levels are at the highest levels since -09. The money is there but it sure as hell isn't propping up the markets like you're describing.

Here's some food for thought.

https://bakadesuyo.com/2010/09/do-we-perceive-negative-people-as-smarter-and/

>Can the market continue its rebound next month?

Obviously it "can" rebound, the question is if it "will" rebound.

To bad no one knows.

>Biden will get re-elected

0% probability. The dude is old as dirt.

Yes, you have to wait for it to hit the sweet spot.

That's resonable imo.

>FED officials talked about 25 basis point, they will go further hard as job market is good at present and they can control further, later they may not get this opportunity.

When the FED announces a rate hike of 50 bps on Wednesday i will gladly add some cheap shares.

50 bps.

I should drop parts of the load before FOMC, got it Cramer.

I bet aunt Cathh has done all right for herself over the past few years.

You being stupid isn't Jpow's fault.