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Interesting Friday on Wall Street...
Posted on 8/2/24 at 4:58 am
Posted on 8/2/24 at 4:58 am
Futures already down 400 points. A classic Friday shaping up. Not so good jobs report due, Iran/Israel war heats up, economy cools, etc. Buckle up baws....
This post was edited on 8/2/24 at 5:01 am
12
Posted on 8/2/24 at 5:06 am to TrigSwig
Add one of the most liberal politicians in America on the verge of being elected president to your equation.
Posted on 8/2/24 at 5:17 am to Dayman
Yep the markets are taking potential of cackles being elected.
God help us if that happens
God help us if that happens
Posted on 8/2/24 at 5:45 am to masoncj
No its not gonna be kamala…its gonna be trump. Kamala cant win pennsyvanilia, arizona or wisconsin.
Posted on 8/2/24 at 5:59 am to SuckerPunch
I pray you’re right
Posted on 8/2/24 at 6:49 am to TrigSwig
It’s healthy to have these days. If you long term investor and have a plan, stick to it.
Posted on 8/2/24 at 7:07 am to masoncj
If she wins Pennsylvania or Michigan, the election wasn’t on the up and up in those states. She might be able to win Georgia legitimately.
This post was edited on 8/2/24 at 7:10 am
Posted on 8/2/24 at 7:12 am to beaverfever
Especially if she continues with that fake Southern/black accent Obama coached her up with
Posted on 8/2/24 at 7:12 am to Naked Bootleg
That’s when we kick Georgia out of the SEC. Let’s hope it doesn’t come to that.
Posted on 8/2/24 at 7:23 am to TrigSwig
It can be argued that the market got a bit overbought and there’s some profit taking.
Also, the fed might have miscalculated in their rate lowering model. Maybe should have dropped a month ago.
Also, the fed might have miscalculated in their rate lowering model. Maybe should have dropped a month ago.
This post was edited on 8/2/24 at 8:04 am
Posted on 8/2/24 at 7:40 am to TrigSwig
Jobs coming in at 114k, significantly lower than expectations. Unemployment goes up .2% to 4.3%. JPow just popped a chubby.
Posted on 8/2/24 at 7:55 am to TrigSwig
The yen carry trade is unwinding, BLS is obv struggling to continue faking labor data and the Justice Dept is investigating Nvidia.
Posted on 8/2/24 at 7:55 am to TrigSwig
Posted on 8/2/24 at 8:06 am to RidiculousHype
That’s not a heat map, it’s an inferno map
Posted on 8/2/24 at 8:40 am to TrigSwig
I changed jobs recently and my rollover is in flight between ex-employer and vanguard.
What a glorious time to be in a cash position by technicality.
What a glorious time to be in a cash position by technicality.
Posted on 8/2/24 at 8:43 am to thegreatboudini
quote:
What a glorious time to be in a cash position by technicality.
So what level will you get back in?
Posted on 8/2/24 at 9:18 am to TrigSwig
I've been responsible with my money. A lot of people are about to feel the pain. Spending like there is no tomorrow.
Posted on 8/2/24 at 9:30 am to TrigSwig
Unfortunately, the fed is never happy until they break something.
But days like this are healthy to have some consolidation. But also why I tend to never run more than 75-80% invested in my brokerage. The retirement accounts are full throttle though.
The sooner we get back to normalization the better — I say this as someone that has been looking for a new job for ~6 months with no success and practically no hits on anything.
But days like this are healthy to have some consolidation. But also why I tend to never run more than 75-80% invested in my brokerage. The retirement accounts are full throttle though.
The sooner we get back to normalization the better — I say this as someone that has been looking for a new job for ~6 months with no success and practically no hits on anything.
Posted on 8/2/24 at 9:31 am to boogiewoogie1978
Same. We live well below our means on purpose.
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