How ya liken the action today...ZOOM up out the gate....sideways in a 30 point range for the past 2.5 hrs. Last week was ok....Im guessing theY just try and hold it up till the end of Q1
Now CNBC can say....were at the highs of the session to the lunch crowd......same thing over and over and over.
OVER AND OVER AND OVER AND OVER......WERE AT THE HIGHS OF THE SESSION CRYS CNBC.........SAME THING OVER AND OVER AND OVER.
More useless dribble out of the fed again today this time by fischer saying, "A hike will be appropriate when the Fed sees "further improvement in the labor market" and is "reasonably confident" that inflation is moving back to 2 percent. " HMMMMMMMMM Further improvement in the labor market, I recall BUBBLE ben bernanke in 2012 saying that they would set a minimum threshold for rate hikes when unemployment started to fall below 6.5%, here we are at 5.5% and forecasts for even lower unemployment rates moving forward and interest rates are still at 0%, and not only that but where are they getting this 2% inflation number from, do these fed officials go out shopping for food and services? Last time I came back from shopping, OJ was nearly $4.00 for half gallon, oh wait, I forgot its no longer a half gallon, its 59OZ, yep raise the price and give you less product, and of course dumb consumers don't even know this now a days, so thats like inflation on top of inflation, higher prices and less product, but yet no inflation to be found.....where are they not seeing inflation, tuitions, healthcare prices, even cable bills going up. Nope no inflation, maybe in their little make believe world its now where to be found, but outside in the real world inflation is running a lot higher than they believe it is. Fischer: Fed fund rate increase likely this year; 'no plans' for regular hikes The U.S. federal funds rate will likely increase before the end of this year, but the Federal Reserve has "no plans" to hike regular interest rates, Fed Vice Chairman Stanley Fischer said on Monday. Speaking before the Economic Club of New York, Fischer said that a rate increase will occur when the benefits outweigh the costs. A hike will be appropriate when the Fed sees "further improvement in the labor market" and is "reasonably confident" that inflation is moving back to 2 percent. Fischer is a voting member on the Fed's policymaking committee. When the Fed removed "patient" from its most recent policy statement last week, it raised questions of when exactly the U.S. central bank would move to normalize interest rates. Read MoreFed removes 'patient' but says no April rate hike coming The Fed has tools to control the federal funds rate after the first rate hike, Fischer said. He noted that rate increases will likely not follow a "smooth path upward." He distinguished the movement from the regular increases implemented by the Fed between 2004 ad 2007. "Post-liftoff economics" will influence the Fed's decision making after the first hike, Fischer said.
getting ready for the afternoon surge, once they gap it up 100 points its off to the races, new highs on the dow coming either today or tomorrow, if they could just get the nasdaq green we could get that ultimate surge into the close which Im expecting no later than hour before the close.
Have you seen yogurt same price just 1/3 less. Open the lid and it's like 1/3 is missing. They make up for the weight with liquids. And Cliff Bars, same price same wrapper just less product.
More useless dribble from S2007S today, using big fonts and colours to try to draw attention to himself. Repetitive, unintelligent crap. Reality is markets are fairly flat today and going nowhere. Not that great for "hysteria man", but apparently even a flat day makes you upset and emotional. Get medical help, there is something wrong with you.
Have you seen the prices of clothes these days ? Shirts that used to be $30-$50 can be bought for $12-$16 here, and I here the US is even cheaper. Oh, that doesn't support your inflation point very well does it ? How about TVs and computers ? Desktops that used to cost $1500-$5000 can now be had for $400-$600. Quality TVs that were standard $700-$1000 now cost $200 and they are lightweight and easy to carry. Uh oh, again, not supportive of your theme. So what is going up ? Electricity yes. Mainly because highly regulated areas are now privatized and taxes no longer pay the bill. Food, yes. Reflects on supply and demand, nothing to do with markets really. Oil went up a lot based on commodity prices until this year. But you know what, claiming there is high hidden inflation remains a favorite of the conspiracy theory crowd on here. So anything that looks higher priced you hang onto. Truth is, some things got way more expensive and some things got cheaper. The mix is different. Moderate inflation is good for the economy, it keeps things relatively stable. Those who lived when interest rates were 12-18% prefer now more. Unemployment and underemployment is more of a problem really. With full employment, prices wouldn't be an issue for any one in North America. Now that's an issue worth talking about. But it really has nothing to do with markets, and has more to do with governments demanding that rich corporations be socially responsible and hire people. The rich in society are extracting a bigger load from the middle class. This is like a new taxation.