Hoping it is a short lived rally as all indices shot way up at 2:00 PM.
My bets vs. the market were paying off nicely today until this happened.
Seems language that might imply next months bump will be 0.5% not .75% increases the value of companies stocks.
Why?
Who knows
Wait.
Powell only to begin speaking now?
Guess some kind of language was released at 2:00 PM.
Anyone know?
Looks like Jerome came thru for me.
S+P down 2.50% and NASDAQ down 3.36%.
My riskiest (and largest) bet about doubles the NASDQ in the opposite direction -- got a 6.79% return today.
Good day for me -- not as good as last Friday was bad as my stocks got smoked (while my ETF bets vs. the market did very well). Still, best day since 10/26 and 10/27 (only a week ago -- forgot those).
Not at all true in practice. I sold shorts going into close yesterday, and in the aftermarket. Reloading shorts, so selling what you are buying today. Sorry for your indigestion.
gadzooks now the Fed thinks the economy is growing at the annual real rate of 3.6%
3.6%!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That's amazing. Remember that I'd guess the majority of people think we'll be in recession soon. Meanwhile the economy is *accelerating.*
I guess this is good for stocks ultimately. The goal is to avoid a recession and it sure looks like we are not near one at this point. but not great for inter and long term bonds.
My guess is that we end friday down a couple percent, a bloodbath. The economy is just too strong for the fed.
but ultimately I think this is not a bad set up, for those with patience. A strong resilient US economy will bring down prices on its own. the invisible hand will get it done. And we may not have to have a recession to do it.
My guess is that we end friday down a couple percent, a bloodbath. The economy is just too strong for the fed.
but ultimately I think this is not a bad set up, for those with patience. A strong resilient US economy will bring down prices on its own. the invisible hand will get it done. And we may not have to have a recession to do it.
but short term, look out below.
It's called the invisible hand because it is always in our pocket and we are not supposed to see it.
My guess is that we end friday down a couple percent, a bloodbath. The economy is just too strong for the fed.
but ultimately I think this is not a bad set up, for those with patience. A strong resilient US economy will bring down prices on its own. the invisible hand will get it done. And we may not have to have a recession to do it.
but short term, look out below.
It's called the invisible hand because it is always in our pocket and we are not supposed to see it.
except for you know the highest standard of living ever accomplished on planet earth from the beginning of time. The invisible hand has made countries so rich that people don't even have to work anymore - they can sit and watch screens for decades while getting checks from the government. Previous inhabitants would be completely shocked by the wealth of the capitalist nations.
It's called the invisible hand because it is always in our pocket and we are not supposed to see it.
except for you know the highest standard of living ever accomplished on planet earth from the beginning of time. The invisible hand has made countries so rich that people don't even have to work anymore - they can sit and watch screens for decades while getting checks from the government. Previous inhabitants would be completely shocked by the wealth of the capitalist nations.
The elites have never worked -- well for thousands of years.
WE do all the work, pay all the taxes, and the elites live off of our efforts.
Been in American city lately? Homeless and dirt poor everywhere
except for you know the highest standard of living ever accomplished on planet earth from the beginning of time. The invisible hand has made countries so rich that people don't even have to work anymore - they can sit and watch screens for decades while getting checks from the government. Previous inhabitants would be completely shocked by the wealth of the capitalist nations.
The elites have never worked -- well for thousands of years.
WE do all the work, pay all the taxes, and the elites live off of our efforts.
Been in American city lately? Homeless and dirt poor everywhere
All of the recent monetary and fiscal policy of developed countries increased economic inequality and evaporated already scarce resources. Now what? Stupidity to the extreme, and now comes the payback for encouraging foolish behavior.