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The message I got was still "whatever it takes." More record expansionary measures and more pressure on Congress for more stimulus. Moonshot continues. I think a small pullback here is even more bullish personally. Needed a rest.
Thank you.
Some media heads were saying the market "dived" over past two days but I just see it as normal profit taking.
Just an update discussing current price action on an expected short-term pullback. On June 2nd I posted this message to Wolverine in the original "moonshot" thread: "I think as of today it would be closer to 5% but if we see continued up action through the end of the week and those metrics I listed in the previous post get more unbalanced to the upside it could be a little over 5%."
IMO this is the needed small very short-term pullback to invite in even more Fed expansion and Congressional stimulus. This will provide the fuel to finalize the moonshot move over the summer. We needed a pullback after that intense up action over the past couple of weeks.
And the USD is down ~5% from the March highs. IMO people should be paying more attention that index, not the NASDAQ. We still have to pay our bills in dollars, not shares of FB.
And the USD is down ~5% from the March highs. IMO people should be paying more attention that index, not the NASDAQ. We still have to pay our bills in dollars, not shares of FB.
inflation is very low , except for the stuff in short supply , and shortages have nothing to do with the dollar up or down 5% .
And the USD is down ~5% from the March highs. IMO people should be paying more attention that index, not the NASDAQ. We still have to pay our bills in dollars, not shares of FB.
I think dollar trends down through the summer, but it will do very well later this year into 2021. I keep hearing all of these short-term "dollar crash" calls, but I think that trade is going to turn out dead wrong over the course of the next 12 to 18 months. I expect the dollar to do very well after the summer and will actually come as a big surprise to the upside through most of 2021.
I think dollar trends down through the summer, but it will do very well later this year into 2021. I keep hearing all of these short-term "dollar crash" calls, but I think that trade is going to turn out dead wrong over the course of the next 12 to 18 months. I expect the dollar to do very well after the summer and will actually come as a big surprise to the upside through most of 2021.
From your lips to Mnuchin’s ear — he just announced another $1T in funny money — effectively devaluing the dollar another 5%. Our foreign trading partners are not going to like this.
From your lips to Mnuchin’s ear — he just announced another $1T in funny money — effectively devaluing the dollar another 5%. Our foreign trading partners are not going to like this.
It's a good thing then that I limit my purchase to American made as much as possible.
From your lips to Mnuchin’s ear — he just announced another $1T in funny money — effectively devaluing the dollar another 5%. Our foreign trading partners are not going to like this.
Mnuchin did not "announce" $1T is new funny money, he said HE'S PREPARED to go to Congress IF NEEDED. Not the same thing. Your comment is disingenuous at best.
Anyone who doesn’t believe the market believes anyone or anything these days the last year or two is proof. Trump says he’s going to meet with China and it’s good everyone believes him and the market soars. He says he’s gonna meet with China and it’s not going to be good everyone believes it and it tanks. Today 3 states see a slight increase in cases, 47 don't, the media loses their minds and the market tanks as does every airline stock
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