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Off-Topic Stock Market & Crypto Discussion

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they don't want to cut rates anytime soon so we likely see 5-5.5% by May '23 before they pause for a meeting or two.
 
90scane said:
www.cnbc.com

'Wild ride': Morgan Stanley's Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023

Morgan Stanley top U.S. strategist Mike Wilson believes investors are on the doorstep of a deep pullback due to an acceleration of downward earnings revisions.
www.cnbc.com www.cnbc.com

3000-3300 per Morgan Stanley within 4 months. Yikes.
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Spiro Agnew‘s famously said ““nattering nabobs of negativism.”…:roll-canes2:
I guess they’re hoping to get into a cheaper mkt…jmo
 
mr.h said:
Spiro Agnew‘s famously said ““nattering nabobs of negativism.”…:roll-canes2:
I guess they’re hoping to get into a cheaper mkt…jmo
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Did you buy Tesla at a much higher price in the last month or two?

Macroeconomics is complex and the FED doesn't exactly have a great track record of soft landings. Thus, I would assume they either keep at it until we have a bad recession OR they pause for too long without cutting before we end up in a bad recession.

Personally, I don't own a ton of equities so I don't have a dog in the fight. When the market is stable and I see a good opportunity, I may consider buying again.
 
CNBC’s Steve Liesman is probably the best analyst on CNBC. Rick Santelli wears his Tea party, anti-tax beliefs on his sleeve.
intelligent but leans on the negative side and too excitable.
 
90scane said:
Did you buy Tesla at a much higher price in the last month or two?

Macroeconomics is complex and the FED doesn't exactly have a great track record of soft landings. Thus, I would assume they either keep at it until we have a bad recession OR they pause for too long without cutting before we end up in a bad recession.

Personally, I don't own a ton of equities so I don't have a dog in the fight. When the market is stable and I see a good opportunity, I may consider buying again.
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Yes, but I bought Microsoft, Amazon, Google and Apple at deep discounts. And if we drop to 3000, I’ll buy more.
You just can’t pick a bottom. I’ve seen inflation before, but we are in a stronger position economically. That’s how I base my judgement. And of course I could be wrong. I’m not knocking you.
I think we see lower manufacturing numbers tomorrow and lower payroll numbers on Friday. We are definitely cooling down.
bad means good …right?
 
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Dang you are large tech heavy! Tesla, Amazon, Microsoft, Google, Apple are almost all of the largest tech in the US market.

I'm not trying to pick a bottom. I'm looking for stability in the market, value (market cap to GDP, PE ratio), and expecting some downward projections on profits due to the slowdown.
 
mr.h said:
Spiro Agnew‘s famously said ““nattering nabobs of negativism.”…:roll-canes2:
I guess they’re hoping to get into a cheaper mkt…jmo
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That's one of my favorite alliterations.
 
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CNBC’s Jim Cramer urged investors to use the market’s rally on Wednesday to recalibrate their portfolios.

“Use this moment to pivot yourself. Get out of the stocks I’ve been railing against for a full year,” he said, adding, “Get into the stocks of companies that make things and do stuff at a profit and return some of that to you.”

Stocks rose on Wednesday after Federal Reserve Chair Jerome Powell signaled that the central bank will ease back its brisk pace of interest rate increases as soon as December, though he maintained there’s still a way to go before prices stabilize.

Cramer reminded investors that while Powell’s remarks bode well for investors hoping the Fed will engineer a soft landing, it doesn’t mean that the macroeconomic headwinds battering companies’ balance sheets have disappeared.

In other words, investors should still exercise caution and avoid companies that are on the path to continue hemorrhaging cash.

“If your company has just laid off a bunch of people because it’s losing so much money, that’s not where you want to be. If your company doesn’t return capital because it doesn’t have any capital to return, that’s not where you want to be,” he said.
 
hotshot said:
Dow up 737. Based on what? Powell remarks?
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Jack Nicholson Yes GIF by The Taboo Group
 
mr.h said:
CNBC’s Jim Cramer urged investors to use the market’s rally on Wednesday to recalibrate their portfolios.

“Use this moment to pivot yourself. Get out of the stocks I’ve been railing against for a full year,” he said, adding, “Get into the stocks of companies that make things and do stuff at a profit and return some of that to you.”

Stocks rose on Wednesday after Federal Reserve Chair Jerome Powell signaled that the central bank will ease back its brisk pace of interest rate increases as soon as December, though he maintained there’s still a way to go before prices stabilize.

Cramer reminded investors that while Powell’s remarks bode well for investors hoping the Fed will engineer a soft landing, it doesn’t mean that the macroeconomic headwinds battering companies’ balance sheets have disappeared.

In other words, investors should still exercise caution and avoid companies that are on the path to continue hemorrhaging cash.

“If your company has just laid off a bunch of people because it’s losing so much money, that’s not where you want to be. If your company doesn’t return capital because it doesn’t have any capital to return, that’s not where you want to be,” he said.
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Inverse Cramer?
 
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Jobless claims down
Personal consumption down
Personal income up
Personal spending even Steven…
 
TheEye said:
Got to be? Payroll seems to be up everywhere.
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But we are seeing layoffs.


This makes sense to me.
Federal Reserve Chair Jerome Powell raised Wall Street's hopes of the economy heading for a "soft landing."
A "soft landing" is a situation of slow economic growth, which doesn't lead to a recession. Instead, it sets the economy up for another cyclical upturn.

In a speech to the Brookings Institute on Wednesday afternoon, Powell expressed the view that the nation's central bank will slow the rate hikes to keep fighting inflation without pushing the economy into a recession. Thus, Wall Street's hopes for a soft landing or a Goldilocks economy -- an economy not too hot to perpetuate inflation and not too cold to slide into recession.

Bond and equity markets love soft landing scenarios.

Bond markets see soft-landing paving the way for higher bond prices and lower yields, as lower inflation diminishes the premium investors demand in holding long-term debt. Thus, the rally in the debt market Wednesday following the Fed Chair's speech.

IMO that we lead to a banner 2023 market increase.
 
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