Loading ...knukles
Classic flight to quality panic time.
Now we’ll get to see the true measures of Central Bank manipulations, for they’re gonna want to pump stocks and slam gold. Flight to quality, any port in the storm. And why not one would say, let the market’s open, assess the magnitued of the damages and then act “accordingly”.
I’ll guarantee you that Kevin et al and the boys at the BoE, BIS, etc., are already at their desks.
Pizza!
This is going to be the classic sit back and watch the CB muscle and Propaganda time.
Enjoy, my friends.
Have one for me, Kaiser.
BTW, I’d help out with the Z$ 10,000,000,000,000,000,000 but I just gave that amount, my very last, away to some guy in Nigeria who keeps sending me faxes.
BTW2, word association: Crowded theater … Fire!
Sun, 06/28/2015 – 18:40 | 6246635 RockyRacoon
All the indices are bouncing hard off those opening bottoms/tops. 1 to 2 percent is puffery. BTFD is alive and well…. even if the PPT has to do all the heavy lifting.
http://finviz.com/futures_charts.ashx?t=ALL&p=m5
NDXTrader
Massive buy blocks coming into S&P Futs. Either central banks or hedgies with some money to burn. Nothing would surprise me, including being green by 9:30 am. What would stop them from doing it?
My guess is that the Fed wouldn’t mind a little correction here. Blame Greece and not an interest rate hike. But tomorrow is the last day of the quarter to grab the 20 of the 2/20