Still falling. I think it’s being hit worse than it might’ve been otherwise because buyers aren’t about to come in before Powell speaks. Only Cathie Wood is buying today. lol.
I couldn’t resist. I’m in for a fun trade at 66.23. I will step out if it can’t hold 58. The goal is to get the gap filled from this morning. Looks like 86 or so.
I don’t trade often these days. I just thought Z might get a bounce with the rest of the NASDAQ, but it looks like way more buyers than sellers today. I’m out with a $10 loss. Not even a dead cat, more like a dead gerbil bounce, lol.
I’m not willing to wait weeks to see if the gap gets filled. It probably will though.
I thought a quick gap fill to 86 was possible, but the bounce in the Nasdaq did not help Zillow. It’s finally making a weak bounce off of 63. I doubt the gap gets filled right away, with this action.
RonJ
2 years ago
“U.S. Treasury Secretary Janet Yellen said President Joe Biden should
pick an “experienced and credible” person as Federal Reserve chair…”
The question is, are there any?
Is financial repression and an everything bubble, a credible way to run the financial system?
Tony Bennett
2 years ago
Another Policy Error (flattening) day in bond market.
Intelligentyetidiot
2 years ago
Looks like Powell is out.
caradoc-again
2 years ago
Makes little difference except for how long it takes the chickens to come home.
Soon or not so soon.
It’s all screwed.
Tony Bennett
2 years ago
“If the markets are upset because they think the person isn’t credible, then that’s a person who shouldn’t be appointed. The president should appoint someone who is experienced and credible.”
…
Or, just maybe, markets might be upset because the person is credible … to the American People.
“If the markets are upset because they think the person isn’t credible”
Translated from Newspeak: If the idle, clueless, connected and useless leeches living of the theft rackets and nothing but; start worrying the current halfwit-in-charge-of-debasement doesn’t steal enough from productive people; Clown needs to be replaced by someone even more rapacious and willing to steal. After all, that’s what America is these days: Theft. And nothing whatsoever but.
Eddie_T
2 years ago
I think she’s just blowing smoke. Everybody knows its Powell or Brainard.
I’m guessing Mr. Diversity-and-Inclusion will nominate Brainard and she will get confirmed. After that, who knows how markets will react? My guess on that is “not as good as they would if it were Powell”. We’ll see, if it happens.
2 reasons. 1) personal trading by members … including Jay. 2) Jay’s term up in February. FOMC has two meetings between now and then (Dec + Jan). It would allow Powell to announce taper if not today (rate increase?? haha.) and not worry about personal consequence (not being re-nominated). Take One for the Team (especially Brainard).
pick an “experienced and credible” person as Federal Reserve chair…”