* 75 basis point
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00
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SJIM !
Will buy some as soon as it becomes available, I am SO on board with this
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Nice downward trend to close out the day so a good day for me.
Still down for the week after Monday's beating.
Twitter saved me on Tuesday
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Bought some SOXS at $50.50 at market high today and with AMD pre-announcement sold some after-market hours at $55.50
Earnie can quote FactSet on AMD beating EPS next report even though they drastically cut their outlook. He always reports facts though.
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seattle prattle wrote:
The general consensus seems to be that the Fed won't pivot, And that we are in for a .75 basis point rate increase for the upcoming round.
Good. Go big or go home.
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this is it wrote:
seattle prattle wrote:
The general consensus seems to be that the Fed won't pivot, And that we are in for a .75 basis point rate increase for the upcoming round.
Good. Go big or go home.
It is good if expectations are very low (as in Fed is playing hardball, being very restrictive), and then if they do so, there won't be a surprise. If anything, there may be a surge of buying because the news will be behind us and limiting the downside.
Tomorrow's employment numbers/jobless claims will be closely watched.
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seattle prattle wrote:
this is it wrote:
Good. Go big or go home.
It is good if expectations are very low (as in Fed is playing hardball, being very restrictive), and then if they do so, there won't be a surprise. If anything, there may be a surge of buying because the news will be behind us and limiting the downside.
Tomorrow's employment numbers/jobless claims will be closely watched.
It's good cause they have to get inflation down and better to over-correct than under-correct imho. Stock prices will come back, jobs will come back, but value lost to inflation is gone forever so getting that back under control is paramount, everything else is secondary.
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this is it wrote:
seattle prattle wrote:
It is good if expectations are very low (as in Fed is playing hardball, being very restrictive), and then if they do so, there won't be a surprise. If anything, there may be a surge of buying because the news will be behind us and limiting the downside.
Tomorrow's employment numbers/jobless claims will be closely watched.
It's good cause they have to get inflation down and better to over-correct than under-correct imho. Stock prices will come back, jobs will come back, but value lost to inflation is gone forever so getting that back under control is paramount, everything else is secondary.
I thought that inflation is due to too many dollars being created.
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I bought SOXS at market highs this morning at $60.50 and after AMD pre-announced earning downgrade I sold shares in aftermarket at $65.50 and $66.50.
Perhaps next week Earnie will post the FactSet report showing AMD beat the already significant lowered EPS bar as a beat.
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Ghost of Igloi wrote:
I bought SOXS at market highs this morning at $60.50 and after AMD pre-announced earning downgrade I sold shares in aftermarket at $65.50 and $66.50.
Perhaps next week Earnie will post the FactSet report showing AMD beat the already significant lowered EPS bar as a beat.
Earnie should link this in his next post.
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Ghost of Igloi wrote:
Ghost of Igloi wrote:
I bought SOXS at market highs this morning at $60.50 and after AMD pre-announced earning downgrade I sold shares in aftermarket at $65.50 and $66.50.
Perhaps next week Earnie will post the FactSet report showing AMD beat the already significant lowered EPS bar as a beat.
Earnie should link this in his next post.
This is the link Earnie should post:
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Earnie wrote:
Ghost of Igloi wrote:
Looks like you were asleep today, Earnie. :-)
Nope. Everything I wrote is factual. You should try it sometime.
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I wonder what Earnie thinks about the AMD pre-announcement?
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03
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applied economics1 wrote:uy
Should we call the wave of almost non-stop buying Monday & Tuesday from Hong Kong & Tokyo to Frankfurt to Paris to London irrational exuberance? The non-stop irrational exuberant buying rolled across Atlantic Monday & Tuesday to U.S. also.
* Did the $(125,000 to 500,000) per year crowd in Eurasia and U.S. all go no nuts buying for two days for no reason?
* Short covering? No. Too much non-stop buying globally for two days for short covering.
* Did Billionaire Boys Club in Eurasia and North America buy in an organized manner?
* Did everyone believe because Ukraine gained a town or two Conflict in Ukraine will soon end?
* Did everyone believe Ukrainian troops are soon to march into Moscow?
> West Texas Light Sweet Crude Oil is trading close to $89/barrel on spot market.
> There is zero indication The Fed is going to cease raising Overnight Fed Funds Rate.
> Corporate earnings are nothing to brag about.
U.S. indices will need to be down (4 to 4 1/2)% tomorrow for my prediction for the week to be true. We haven't had a 4% plus down day in about 2 1/2 years if my memory is correct.
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Ghost of Igloi wrote:
Swaglord369 wrote:
Ok but for any recent financial crises, there was an ignition out of control of the gov etc.
What would be it this time? If the rates go too high, the Fed just lowers them a bit. Even a slight re-adjustment down would cause markets to shoot up 10%+.
Remember that the current energy crises are caused by Russia’s invasion. It wasn’t Fed rates or liquidity that caused this.
I say that is the consensus view, a Fed put is still alive. On the other hand, the Fed may have painted itself into the corner of twin devils of inflation and stagnation. Zillow says our home has dropped 20% from the market high, I would say the high was higher, and the true market price lower. Like the NASDAQ, down 30% from the high. Sure gasoline is cheaper, but not a bag of groceries. Starting November 1st my barber is raising her price from $17 to $20. According to her, business has slowed, and the landlord raised her rent. We use natural gas for cooking and heating the house. We received a notice to expect a 15% increase in rates. Although it is convenient to blame Putin’s War, the real culprit is deranged central bank monetary policy, and the unhinged government spending the central banks are attempting to finance.
In regard to Fed in a tough situation due to inflation & stagnation, no tough situation. Posters on this thread and other threads have stated tough situation for The Fed. Inflation has to be broken. On this site, a lot of discussion regarding equities. There may be many on here with income in $(125,000 to 500,000)/yr. Equity market participants. Federal Reserve cares about bond markets. Fed aren't worried about a soft landing. Fed most likely will cause a recession with intent. I won't comment on the remainder of your post.
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Apparently if the jobs report shows more jobs added than expected, the market will drop.
Let's go jobs
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Bad news is good news. Good news is good news for leveraged shorts.
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