Off-Topic Stock Market & Crypto Discussion

[Empirical Cane]

Sorry, I disagree - its the Fed's responsibility to control inflation and support employment, it has nothing to do directly with the stock market. We are not even at a correction stage YET for the DOW and S&P

Are you a finance bro or hobbyist?

I'm a certified dart thrower...so I'm kinda a really big deal.

 

[JD08]

Are you a finance bro or hobbyist?

I'm a certified dart thrower...so I'm kinda a really big deal.

@SpikeUM IRL

 

[SpikeUM]

@SpikeUM IRL

View attachment 296934

My wife is MUCH better looking!!!!!!!!!!!!!!!!!!!!

 

[SpikeUM]

Are you a finance bro or hobbyist?

I'm a certified dart thrower...so I'm kinda a really big deal.

I often stay at Holiday Inn Express'

 

[Fluffhead]

I’m

Are you asking for more inflation?

Yes, today and last week have sucked for equities. S&P is still up 10% ytd.

 

[Cmuri]

Futures up. Hoping for a relief rally.

 

[90scane]

Futures up. Hoping for a relief rally.

I believe it was just too much bad news:
Yen rate hike
Iran potentially joining war
Tech misses on profits
Unemployment miss
FED not cutting yet

I’m sure there are some good buys but news has to turn good and momentum is heading down. It isn’t a straight line down just like gains aren’t all at once.

I’m looking for the real estate numbers. Specifically, mortgage applications, refinance applications, listings, foreclosures, and are we going to see an increase in starts with the .25 drop on 10yr thus mortgages

 

[Cmuri]

I believe it was just too much bad news:
Yen rate hike
Iran potentially joining war
Tech misses on profits
Unemployment miss
FED not cutting yet

I’m sure there are some good buys but news has to turn good and momentum is heading down. It isn’t a straight line down just like gains aren’t all at once.

I’m looking for the real estate numbers. Specifically, mortgage applications, refinance applications, listings, foreclosures, and are we going to see an increase in starts with the .25 drop on 10yr thus mortgages

Yeah I’m just waiting for a good pop to get out my down payment for my closing next month. So I’m hoping 2 rate cuts in sept. Would be nice to get an emergency rate cut too. Lol

 

[Bird4um]

Nikke up 10%

 

[90scane]

Yeah I’m just waiting for a good pop to get out my down payment for my closing next month. So I’m hoping 2 rate cuts in sept. Would be nice to get an emergency rate cut too. Lol

Two rate cuts in September would require one emergency one

 

[90scane]

Yeah I’m just waiting for a good pop to get out my down payment for my closing next month. So I’m hoping 2 rate cuts in sept. Would be nice to get an emergency rate cut too. Lol

The drops should help with rates. At worst, plan to refinance in 6-12 months.

 

[SpikeUM]

So what happened with Jeremy Siegel, Ron Insana, and porsters here that were demanding an emergency rate cut?

 

[JD08]

So what happened with Jeremy Siegel, Ron Insana, and porsters here that were demanding an emergency rate cut?

 

[mr.h]

Remember I predicted 3 rate cuts for 2024 and I was shunned…

How do you like me now?
BTW I like META, MSFT, and NVDA to break highs at EOY.

LMFAO

 

[TheEye]

Remember I predicted 3 rate cuts for 2024 and I was shunned…

How do you like me now?
BTW I like META, MSFT, and NVDA to break highs at EOY.

LMFAO

As of today we are sitting at 0 rate cuts. Maybe hold the victory lap till Dec.

 

[JD08]

Remember I predicted 3 rate cuts for 2024 and I was shunned…

How do you like me now?
BTW I like META, MSFT, and NVDA to break highs at EOY.

LMFAO

I'll give you this. You were absolutely the most optimistic.

 

[mr.h]

Next week are the big economic numbers…Tomorrow are jobless claims.
I’m hoping this calms the MKT’s.

 

[Tony4Canes]

Anyone own Upstart? Up almost 50% today for some reason

 

[Bird4um]

Anyone own Upstart? Up almost 50% today for some reason

I used to. Dropped it a while ago.
I track my sales to see what if. I’d be up 4 % on upstart if I’d have kept it as of today.
Sold over a year ago.

 

[SpikeUM]

Jamie Dimon says he still sees a recession on the horizon

https://www.cnbc.com/2024/08/07/jamie-dimon-still-sees-a-recession-ahead.html