I clicked my ticker link expecting to see a huge plunge, but the Dow shot up over 150 pts, and is still going. WTF?
This is why I'm not a day trader. Figure the market? I'd be broke by now.
Everything is upside down in the entire world.
“I clicked my ticker link expecting to see a huge plunge, but the Dow shot up over 150 pts, and is still going. WTF?”
And the 10 year Treasury Yields actually dived as well. Nothing is normal. It is all Smoke and Mirrors.
Oh, the plunge is there. It’s pretty funny too. Statement came out at 1 and traders started reading it. They hit the taper part “They’re tapering - SELL”, and the Dow plunged 100 points in no time.
They keep reading, knowing in their hearts all the rest is drivel unti they hit the part about walking back the 6.5% unemployment target. “Holy **** - BUY!!!”
And the Dow rockets up 250 points.