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at this stage tomorrow could be ugly, those with shorts will be...

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Chris60

2,506 Posts.

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15/03/23

22:03

Post #: 66788467
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Originally posted by swaggytrader: ↑

The FED has no choice but to prop up the market until the banking issue dies down (frustrating for BBUS holders).
But we could see a larger crisis forming in Europe.
So the question is how much money can the FED keep pumping it, while ignoring the rest of the world melting down?
Their money printer is out of control now, so this has to be contributing to higher inflation in the months to come.
This is now the perfect storm because they only have one tool to cool inflation.
And even though the ASX is getting hammered, don't forget that is had it'd best run in 40 years from October to January, so IMHO this is just the start of what's to come, many stocks are still trading well above the Covid crash levels.
Bonds may not be a bad choice, but if we see rampant inflation what is the worse of the two evils, raising rates or hyperinflation?

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at this stage tomorrow could be ugly, those with shorts will be happy. looks like down we go.... this is shaping up as an ugly month

Value at posting: 2,958.8
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