I just found a note buried on my desk written on 9/18 of a SPY p-bar @ 202.45 (probably courtesy of Miyagi...I can't remember). Exactly today's high. Downright strange!
testing day low, vol surge, biggest red, so might see rebound here first then we'll see.
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Al_Dente wrote:According to JPM:
Since the end of 2008, QE is responsible for an “equity wealth boost” of $9 trillion dollars.
About 1200 S&P points has been due to the FED (that is almost the entire increase since the lows of 2009).
Currently the total stock of US corporate equities is $29 trillion dollars. JPM calculates that QE gave us 32% of that.
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Can someone please explain to me what is the benefit (to the puppet-masters) to have the S&P index overvalued by more than 100%?
Is it so they can load up on put options?
Al_Dente wrote:According to JPM:
Since the end of 2008, QE is responsible for an “equity wealth boost” of $9 trillion dollars.
About 1200 S&P points has been due to the FED (that is almost the entire increase since the lows of 2009).
Currently the total stock of US corporate equities is $29 trillion dollars. JPM calculates that QE gave us 32% of that.
omg_png.png
Can someone please explain to me what is the benefit (to the puppet-masters) to have the S&P index overvalued by more than 100%?
Is it so they can load up on put options?
The FED is owned and controlled by the banks.
The Fed bought paper worth 10 cents on the dollar for a full dollar.
The banks were given a huge profit boost.
Then the banks were flush with cash so they went into the market and could borrow and leverage at 1/2 % money.
does that explain it?
Educational only and not trading advice (EO&NTA) Good trading to all