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Old 06-20-2019, 07:56 AM
 
Location: alexandria, VA
16,352 posts, read 8,092,773 times
Reputation: 9726

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Quote:
Originally Posted by phma View Post
S&P HITS A NEW RECORD HIGH !!! Right out of the gate today at the open !!!

Nasdaq and DOW knocking on the doors of new highs !!!
Trump inherits a bull market and still it takes 2 1/2 years for the markets to reach new highs? And you're crowing about this?

 
Old 06-20-2019, 08:01 AM
 
Location: Rural Wisconsin
19,803 posts, read 9,353,220 times
Reputation: 38343
Quote:
Originally Posted by phma View Post
Holey moly cow, Molokai !!! There she blows Captain Ahab !!!

This isn't the Armageddon so many were predicting !!!

DOW futures up over 200 points this morning !!!
Looking for a higher open today !!!
Gold and commodity prices going up too !!!

What in the world is behind this rally !!!
Iran conflict, tariffs, EU currency war, inflation, China, Trump's reelection, the Fed or what ?

Seems like anything could take it south in a blink of an eye but that eye hasn't blinked, yet !!!
Yep, I am not a fan of Trump, but this really does seem like VERY good news!

https://www.cnbc.com/2019/06/20/stoc...cut-hopes.html
 
Old 06-20-2019, 08:08 AM
 
Location: alexandria, VA
16,352 posts, read 8,092,773 times
Reputation: 9726
Quote:
Originally Posted by katharsis View Post
Yep, I am not a fan of Trump, but this really does seem like VERY good news!

https://www.cnbc.com/2019/06/20/stoc...cut-hopes.html
Note that the headline in your link mentions that Wall Street expects the Fed to lower interest rates. That means the Fed expects the economy to slow. So maybe not such "VERY good news!"
 
Old 06-20-2019, 08:23 AM
 
34,300 posts, read 15,646,770 times
Reputation: 13053
Quote:
Originally Posted by r small View Post
Note that the headline in your link mentions that Wall Street expects the Fed to lower interest rates. That means the Fed expects the economy to slow. So maybe not such "VERY good news!"
So the Fed doing its job is a bad idea ?
They could have raised or lowered rates yesterday if it was necessary !!!
We have the best economy in the world !!! In the world !!! That's planet earth !!!
 
Old 06-20-2019, 08:28 AM
 
45,676 posts, read 24,004,475 times
Reputation: 15559
Quote:
Originally Posted by phma View Post
S&P HITS A NEW RECORD HIGH !!! Right out of the gate today at the open !!!

Nasdaq and DOW knocking on the doors of new highs !!!


I guess they are anticipating not very good numbers for economic growth in June.

The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation.
 
Old 06-20-2019, 08:29 AM
 
45,676 posts, read 24,004,475 times
Reputation: 15559
Quote:
Originally Posted by phma View Post
So the Fed doing its job is a bad idea ?
They could have raised or lowered rates yesterday if it was necessary !!!
We have the best economy in the world !!! In the world !!! That's planet earth !!!
LOLOL.

That's not exactly what they said -- they being the FEDS
 
Old 06-20-2019, 08:32 AM
 
34,300 posts, read 15,646,770 times
Reputation: 13053
Quote:
Originally Posted by moneill View Post
I guess they are anticipating not very good numbers for economic growth in June.

The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation.
The near term risk to todays continued rally is a limited military strike on Iran assets !!!

Sounds like something is going to happen but the effect it will have so far is not known !!!

Trump statement, "Iran made a very big mistake"

11:00 am meeting on Iran at the WH !!!
 
Old 06-20-2019, 08:34 AM
 
45,676 posts, read 24,004,475 times
Reputation: 15559
Quote:
Originally Posted by phma View Post
The near term risk to todays continued rally is a limited military strike on Iran assets !!!

Sounds like something is going to happen but the effect it will have so far is not known !!!
That's today -- but the Feds made that statement yesterday.

Are you saying the Feds knew that the Iranians were going to take out the drone?
 
Old 06-20-2019, 08:51 AM
 
34,300 posts, read 15,646,770 times
Reputation: 13053
Quote:
Originally Posted by moneill View Post
That's today -- but the Feds made that statement yesterday.

Are you saying the Feds knew that the Iranians were going to take out the drone?
What silliness can people come up ? Amazing !!! Let me try one too !!!

Maybe Jerry Nadler is inside the unmanned drone and he's transgendered

That's why its unmanned


The fed decision yesterday is fueling the rally today is whats being reported in some financial media !!!

http://www.marketwatch.com/story/how...dist=bigcharts

http://www.marketwatch.com/story/fed...dist=bigcharts
 
Old 06-20-2019, 09:12 AM
 
Location: New York Area
35,060 posts, read 16,995,362 times
Reputation: 30192
Quote:
Originally Posted by r small View Post
Note that the headline in your link mentions that Wall Street expects the Fed to lower interest rates. That means the Fed expects the economy to slow. So maybe not such "VERY good news!"
No. It means in part that there's effectively zero inflation or mild deflation.
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