So where are all those chart masters that predicted this 1000 point sell off in the dow? You know the ones that say follow the trends? Guess this little selloff is catching the masses off by surprise since all the market has done was surge since March 23rd 2020. And let's not forget the many many many people who are saying march 23rd lows will never ever be met again. We are still a long long way from those lows but don't let an unstoppable fed inflated market rise fool you!!!!
He's upset that Pelosi is getting too much credit. Mnuchin and the GOP will write up something next that gets passed after Mem Day. If it has enough goodies, then the S&P breaks up through the 200d. It was interesting to see the Dems included some bailout $$ for the mReits -- i own a few preferreds in that space.
One stimulus bill to fight another, haaaa. What are we battling here for? What other goodies can it have?? I guess when you have unlimited funds the goodies can be anything and everything This should be fun. The last stimulus bill from this week is 1800 pages.... Markets will definitely be moving one way or another on this most expensive stimulus bill in history. Remember only way to keep an economy propped up is to keep on printing that money.
Have you heard? Powell is speaking on Sunday, about shit he spoke about on Wednesday. https://www.cbsnews.com/news/federal-reserve-chair-jerome-powell-60-minutes-2020-05-15/
Yep I heard and I can say this will move futures handsomely by 1% in either direction sunday night. Im sure he will backtrack what he said this past week and become as dovish as one can become to make sure he doesn't spook the markets come monday morning. Have to make back lasts week losses....
Futures surging over 1% Dow 30 23,889.0 DERIVED 06:18:42 | Futures +372.0 +1.58% S&P 500 2,890.62 DERIVED 06:18:40 | Futures +44.12 +1.55% Nasdaq 9,212.88 DERIVED 06:18:42 | Futures +116.38 +1.28% SmallCap 2000 1,288.70 DERIVED 06:18:42 | Futures +42.30 +3.39%
Here weeeeeeeeee go again with dry powder, FOMO, and absolutely no other asset class to buy for a return on your money but equities. Yeppppppppppppppppppppp Same thing over and over again.