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SPY -0.6%, QQQ -0.8% following numerous economic releases this morning showing any...

SPY -0.6%, QQQ -0.8% following numerous economic releases this morning showing any financial market froth from the Fed's QE isn't spilling over into the economy. Long-term Treasurys add to gains, the 10-year yielding 1.97% and TLT +0.7%, TBT -1.4%.
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Comments (19)
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    But if QE isn't working what are we going to do? Keynes didn't really have any other options. Toss money and see if it sticks. We threw the money and it stuck.....to balance sheets. Way to go, guys!
    21 Feb 2013, 10:29 AM Reply Like
  • blackswans
    , contributor
    Comments (155) | Send Message
     
    I don't think we need to start overreacting just yet. This is just a pullback right now.
    21 Feb 2013, 11:01 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    I think we need to overreact as much as we can. We need a good old-fashioned crash.
    21 Feb 2013, 11:13 AM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    O no, this was not an overreaction. I am hoping/thinking we might see a bit of a pull back. The market is smarter than me though so who knows!

     

    I think this QE policies are a joke. Let the people overreact!
    21 Feb 2013, 11:20 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    Why can't we have a crash? I have raised cash to buy UPRO calls next Wednesday. Now I am going to sulk. They promised me a crash and they better deliver.
    21 Feb 2013, 11:21 AM Reply Like
  • Kozhany
    , contributor
    Comments (25) | Send Message
     
    Anyway, it is always when I just bought something that it pulls back!
    21 Feb 2013, 11:43 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Why next Wednesday? You getting your haircut?
    21 Feb 2013, 11:48 AM Reply Like
  • Anti-tea
    , contributor
    Comments (17) | Send Message
     
    Need a crash? lol OK, Einstein!
    21 Feb 2013, 11:57 AM Reply Like
  • Gedankonomist
    , contributor
    Comments (725) | Send Message
     
    "But if QE isn't working what are we going to do? Keynes didn't really have any other options. Toss money and see if it sticks. We threw the money and it stuck.....to balance sheets. Way to go, guys!"

     

    Like the Austrians say, "you can't print your way to prosperity."
    21 Feb 2013, 12:04 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    "Why next Wednesday?"

     

    Watch the fiscal cliff nonsense my friend. Watch and learn.
    21 Feb 2013, 12:14 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    We need austerity and 50% unemployment. Right now.
    21 Feb 2013, 12:15 PM Reply Like
  • june1234
    , contributor
    Comments (2628) | Send Message
     
    "Following numerous economic releases this morning showing any financial market froth from the Fed's QE isn't spilling over into the economy". This deal will be recorded as the largest waste of money in history save for the few and those who traded it.
    21 Feb 2013, 11:41 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (271) | Send Message
     
    If I understand correctly, the mention of adding a topic to the March agenda for the Federal Reserve meeting was the primary factor in the equity markets dropping sharply yesterday. Yes, that topic is QE and the potential for reducing the magnitude of QE going forward. Still, just the consideration of discussing the topic has this much impact on the equity markets? If the equity markets are that unsteady then perhaps our economy is more tenuous than previously feared.
    21 Feb 2013, 11:43 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Why not give QE to every person instead of the banks? All it has done is juice the market and made a few bankers rich. Unemployment has not changed, goods are getting more expensive despite the Fed claims, and are debt keeps growing. At least if they divided up the loot, we could have a party before the collapse.
    21 Feb 2013, 11:47 AM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    What a short lived party that would be! People would get the loot, (hopefully pay down debts) and then go on a spending spree. No one in America saves any more, why would all these Keynes followers want to save? Everyone spends, producers raise their prices, people run out of money. Repeat.
    21 Feb 2013, 11:50 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    That would be wonderful indeed. Help us Helicopter Ben. You are our only hope.
    21 Feb 2013, 12:15 PM Reply Like
  • JBQuincy
    , contributor
    Comments (2) | Send Message
     
    I'm going to panic now! I see a 1500 point precipitous fall in the Dow. The drop may not stop anywhere near there. Obama wants the Sequester. Europe is and has been in recession. Everything points to a de-escalation in the market of stocks. The sky is falling! Get out! Seek protection.
    21 Feb 2013, 02:04 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9049) | Send Message
     
    Precisely. This is not the time to not panic.
    21 Feb 2013, 04:12 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (1905) | Send Message
     
    I feel that on any pullback in the market, it is an opportunity to buy and I am beginning to feel it is time...Today I put in an order for a small amount of SPY, and am also putting in a hedge on my PM holdings shorting gold and silver with ETF's for a bit in here. I feel my long awaited call to go long in PM's will be coming soon, but for now, why not ride the trend. I also feel we will see 1.37 on the E4 again before the big drop. Watch my "stock talks" if you like. Articles are hard to come by, but will work on them again soon. For now coin shows have my attention as I am doing better with numismatics and having more fun than stocks ever gave me.

     

    Capt. Brian
    The Lost Navigator

     

    For coin info see http://www.ngccoin.com
    21 Feb 2013, 11:49 PM Reply Like
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