The stock market

BITCHcoin down 4675.93

Looks like a rough day.

? Just took a peak.

Anyone jumping out of windows yet?

Should be jumping in on the dip.

Risk assets plunge as virus fears cause post-Thanksgiving blues
[Risk assets plunge as virus fears cause post-Thanksgiving blues By Reuters]('https://www.investing.com/news/economy/stocks-slip-havens-rally-as-new-covid19-variant-spooks-investors-2690495')

the bounce was pathetic to non existant....if we don't bounce GOOD mon/tues THE MARKETS DONE!!! Stick a fork in it

futures poiNt toWARD A BOUNCE....SEE WHAT THE am BRINGS

Markets roaring in your face LC hehe!!! nothing to see here...move along!!! lol

Holiday week...BULLISH BIAS

Great job on that call Monday... LOL ..... don;t quit your day job Super Duper :)

FU ASSHOLE!!! LOL

thanks donny boy,,,ya can't control EVENTS (new covid)....one day you'll learn hopefully

Sh!ts not a science at all. I literaly left the house today at 1:15PM, after watching crypto tank/fade all morning, didn't pull the trigger at the bottom of the channel, and 40 minutes after I left the screen everything started to rip and filled the gap higher. coulda shoulda woulda LOL

too bad!!! He who hesitates is LOST!!! :)

I filled my bag and will empty it today.......in case of a re-test
*
Holiday week...BULLISH BIAS *** I stand by that as proven by historical data

This topic is like casting pearls before swines lmao!**

** I stand by that as proven by historical data

This topic is like casting pearls before swines lmao!**

Keeping with your porcine reasoning, it's also the time of year that Mutual Fund Managers start to dress the pigs for year end...

Keeping with your porcine reasoning, it's also the time of year that Mutual Fund Managers start to dress the pigs for year end...

THATS RIGHT...WE GOT END OF MONTH.....and then Santa rally.

Today's data?

Rut-roh!!!

Jerome Powell signals the Fed’s bond-buying program could end sooner as inflation persists.

Jerome H. Powell, the Federal Reserve chair, signaled that the central bank is growing more wary of high — and stubborn — inflation, and that it could speed up its plan to withdraw economic support as soon as its meeting in December as it tries to make sure that rapid price gains do not last.

The Fed had been buying $120 billion in government-backed securities each month for much of the pandemic to bolster the economy by keeping money flowing in financial markets. In November, [officials announced]('https://www.nytimes.com/2021/11/03/business/economy/fed-taper-bond-buying.html') plans to slow those purchases by $15 billion per month. That would have ended the program midway through 2022. But Mr. Powell signaled on Tuesday that the process could speed up, cutting down on how much juice the Fed will add to demand in upcoming months.

“At this point, the economy is very strong, and inflationary pressures are high,” Mr. Powell said during a hearing before the Senate Banking Committee. “It is therefore appropriate in my view to consider wrapping up the taper of our asset purchases, which we actually announced at our November meeting, perhaps a few months sooner.”

Mr. Powell said that the Fed will discuss slowing bond purchase faster “at our upcoming meeting in a couple of weeks” — stressing that between now and then, the Fed will get a better sense of the new Omicron variant of the coronavirus, a fresh labor market report and a new reading on consumer price inflation.

The Fed’s next two-day policy meeting will take place Dec. 14-15.

Mr. Powell made it clear that it was too soon for Fed policymakers — or anyone — to tell how big the new variant’s impact will be, since that will hinge on how easily it transmits and whether it causes more severe disease.

“What I’m told by experts is that we’ll know quite a bit about those answers in about a month,” he said. “We’ll know something, though, within a week or ten days.”

For now, he said, “it’s a risk, it’s a risk to the baseline — it’s not really baked into our forecasts.”

The challenge that Omicron might pose hits at a complicated moment for policymakers. The economy has boomed back this year, and hot demand has collided with choked supply chains to push inflation sharply higher. The central bank has been working toward removing its economic help as price gains remain stubbornly high, reorienting its policy so that it can raise rates next year if that is necessary to keep rising costs in check as inflation proves more stubborn than officials had hoped.

“Generally, the higher prices we’re seeing are related to the supply and demand imbalances that can be traced directly back to the pandemic and the reopening of the economy, but it’s also the case that price increases have spread much more broadly in the recent few months,” Mr. Powell said Tuesday. “I think the risk of higher inflation has increased.”

If the new variant continues to roil supply chains even as it keeps workers at home and prevents a full labor market recovery, it could put the Fed in a tough spot. Central bank policymakers are supposed to foster both full employment and keep prices stable.

Bears are now trapped.....barring any really bad news the market will RAMP up and punish them!!!! OR NOT? LOL

Bears are now trapped.....barring any really bad news the market will RAMP up and punish them!!!! OR NOT? LOL

futures wayyyyy up......bears in trouble

rip ur face off rally!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Schwing!

Shorts covered and rally ended...............now what?

Let’s Go Brannon…