Market Taking A Dive

[kawilt]

Damn....Been watching the market nose dive all day.....What triggered that?

 

[LW64]

The Federal Reserve (FR) has been inflating the dollar by buying $80 billion a month of treasury bonds. When a currency is inflated, it's value relative to the goods and services it can buy (bonds, oil, gas, pork bellies, stock in USELESS companies like facebook and Alibaba...i.e., everything) goes down while the relative value of the goods and services go up.

The FR purchasing program is set to terminate at the end of October, so the process is now reversing itself.

 

[kawilt]

At 0657 on the 9th. I got a sell signal on the S&P Eminies. It was 1963.75. I got out at 1924.50 at 1400. I thought something may have happened just before the opening to cause this sell off.