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re: Dow down 5% in last 4 days of trading
Posted on 2/5/18 at 3:48 pm to TeLeFaWx
Posted on 2/5/18 at 3:48 pm to TeLeFaWx
quote:They said inflation is below their 2% objective. Here is their statement on inflation:
They announced inflation was rising,
quote:LINK
On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low
Inflation on a 12-month basis is expected to move up this year and to stabilize around the Committee’s 2 percent objective.....but the Committee is monitoring inflation developments closely.
quote:The Fed almost never raises rates at the end of a Chairman's term. Last week's meeting was Yellen's last meeting. Powell took over as Chairman the next day.
but they weren't going to raise rates this time.
quote:Nah, that was never announced to be the "plan" for January.
but given that the plan was to raise rates,
1
Posted on 2/5/18 at 3:51 pm to ShortyRob
quote:
But, I'm not sure he understands investing well enough to even lie badly.
I've never seen someone run out of a thread like that Shorty. You should be ashamed of yourself.
Posted on 2/5/18 at 3:51 pm to LSURussian
quote:
Nah, that was never announced to be the "plan" for January.
Perception is reality. If their plan wasn't to continue to slowly raise rates, they gave off the wrong signals. It was not the expectation, IMO.
Posted on 2/5/18 at 3:53 pm to AmericaOverParties
Hopefully this is just a correction, but we are long overdue for a recession.
The business cycle and all.
The business cycle and all.
Posted on 2/5/18 at 3:54 pm to CptBengal
quote:And didn't he claim he finished his MBA when he was 20 years old, or something like that, because he started college when he was 16? Even then the timing didn't add up.
Claimed to have an MBA from a school that didnt exist..
Posted on 2/5/18 at 4:02 pm to TeLeFaWx
quote:Every business publication and Fed analyst said there was not going to be a rate increase at the January meeting after the Fed raised rates just 5 weeks earlier on December 17.
If their plan wasn't to continue to slowly raise rates, they gave off the wrong signals. It was not the expectation,
If you recall, at that December 17 meeting two FOMC voting members voted AGAINST the 25 basis point increase because of the flattening yield curve but they got outvoted, 7-2.
If there had been an increase at the January meeting, it would have caught the markets by surprise.
So the Fed's signals were entirely consistent with their actions in January.
Posted on 2/5/18 at 4:09 pm to AmericaOverParties
quote:
No, whenever they screw up. Ya know like that time the housing market crashed, stock market crashed, and we entered the greatest recession since the Great Depression under REPUBLICAN leadership.
You're off the rails, lose money for mortgages was the main culprit in the 2008/2009 meltdown. That was caused by Dims pushing home ownership regardless if a person/persons should have been purchasing a home or not.
Posted on 2/5/18 at 4:12 pm to austintigerdad
quote:
I'm celebrating because I'm taking profits and Repugs are not
Have you got any proof to back that up?
Posted on 2/5/18 at 4:13 pm to Bard
quote:
Strangely enough this is the result of a good economy.
Wall Street is nervous that with the economy doing so well the Fed will raise interest rates this year.
I can't disagree with this enough.
The issue is that the economy is shite and everyone is afraid that the rate hikes are gonna kill this fed inflated bubble. The only "solution" to another recession will be lowering rates and printing more cash.
The music is going to stop eventually and it almost always follows record breaking market levels.
This is why I don't like Trump taking credit for the market and calling it a "good economy".
Posted on 2/5/18 at 4:14 pm to Bass Tiger
quote:
That was caused by Dims pushing home ownership regardless if a person/persons should have been purchasing a home or not.
that was a multiple POTUS initiative. The housing crash was bipartisan.
Posted on 2/5/18 at 4:23 pm to MrCarton
quote:Seriously?
The issue is that the economy is shite
4.7% unemployment for the last 5 consecutive months, real wages rose nicely in December by the largest amount in years, manufacturing output has improved considerably, just last week the Atlanta Federal Reserve released an early estimate that GDP will rise by more than 5% in Q1, 2018, retail sales in December had the largest year-over-year increase (4.7%) in the last 6 years, and housing construction continues to be steady.
What part of the economy makes you say it's "shite"?
This post was edited on 2/5/18 at 4:41 pm
Posted on 2/5/18 at 4:34 pm to AmericaOverParties
I can’t believe all of the misinformation in this thread regarding investments in the stock market. The market rose very quickly in past year or so (notably more so last month) and was well due for a pullback. It’s down 8.53% from its most recent high. That’s NOT considered a CORRECTION, yet. It very well may continue to drop more and become one, however the sky isn’t falling. Honestly, it very likely is a buying opportunity. Corrections aren’t the end of the world, and are very common occurrences.
This post was edited on 2/5/18 at 4:37 pm
Posted on 2/5/18 at 4:37 pm to Ingloriousbastard
quote:Agreed.
Honestly, it very likely is a buying opportunity.
I've said on the Money Talk Board that I couldn't find anything cheap to buy.
Well......problem solved!!!
Posted on 2/5/18 at 4:39 pm to LSURussian
quote:
just last week the Atlanta Federal Reserve released an early estimate that GDP rose by more than 5% in December
no that's their projection for Q1 2018
Posted on 2/5/18 at 4:39 pm to MrCarton
quote:
The issue is that the economy is shite
By what set of metrics are you basing this on?
Unemployment? Even U3 is hovering at 4%, U6 is at 8%. We have historic low levels of Unemployment among both blacks and hispanics.
Manufacturing? Aside from a slump at from 2014-2016 US manufacturing has been trending up since 2010.
GDP? For the past year GDP has averaged 2.52. If not for the first quarter of 2017 coming in at a paltry 1.8 we would be average close to 3.
Exports? We are currently running around record levels of exports.
Wages have risen for the first time since 2009.
US companies are re-investing money back into US jobs at an astonishing rate.
The market sell-off is an expected thing when rumors of an interest hike starts brewing, the only difference between this one and previous ones is that we've had quite a few already. There is no reason to be Chicken Little right now.
Posted on 2/5/18 at 4:39 pm to 90proofprofessional
You're right. My mistake. 
ETA: I edited my post.
ETA: I edited my post.
This post was edited on 2/5/18 at 4:41 pm
Posted on 2/5/18 at 4:43 pm to AmericaOverParties
quote:
The decline in stock market caught the attention of the Trump administration, which in a statement to CNBC’s Eamon Javers on Monday morning said, “We’re always concerned when the market loses any value, but we’re also confident in the economy’s fundamentals.”
I agree with this statement. This will likely be long forgotten by summer. Unless Trump does something stupid.
This post was edited on 2/5/18 at 4:44 pm
Posted on 2/5/18 at 5:08 pm to TBoy
Capitalist running dogs
Posted on 2/5/18 at 5:13 pm to TBoy
quote:I'm pretty convinced everyone is underestimating the odds of NAFTA withdrawal
This will likely be long forgotten by summer. Unless Trump does something stupid.
Posted on 2/5/18 at 5:17 pm to LSURussian
quote:
And didn't he claim he finished his MBA when he was 20 years old, or something like that, because he started college when he was 16? Even then the timing didn't add up.
Yep. And graduated in like 3 semesters.
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