Cobra's Market View

At the very best, bulls should expect absolutely no help from Powell tomorrow.

“Should I Re-Enter a Trade Right After a Loss?”
https://vantagepointtrading.com/should- ... er-a-loss/

Saw a comment on Twitter today. You can't slowly unwind a Ponzi.
While I think it wrong that the Fed rescued the banks and savaged savers it is what they do. It has been a couple of years since they started to unwind the great Ponzi and it is now getting to the interesting part. I think we will hear all about how attentive the Fed is to interest rate risks. I doubt we hear anything about liquidity and that is the cause. But I do think Steve Liesman will be gushing over how careful the Fed is being as a way of saying more rate increases are just great.

Larry Kudlow is such a great cheerleader because he is a true believer in Reaganomics and this is the second time around for that theory. I think the reality is he has the same credibility as Dennis Gartman.

Just wanted to say I have gotten my feet wet walking across the Wall Mart parking lot in Kona after a thunderstorm. I can not begin to imagine what it must be like today.

HAPPY HOUR

brokebybernacke2 wrote:think bounce back to 2861 ish level, good short st from there to hit 2840s

maybe...

well, guess that's it for today. Friday tomorrow has been generally bull friendly recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp