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Old 10-28-2022, 12:10 PM
 
Location: Indiana Uplands
26,415 posts, read 46,591,155 times
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https://www.cnbc.com/2022/10/27/stoc...lose-news.html


Yes, so much for the doom and gloom crowd thinking the stock market was going to implode the rest of the year, the recent bear market is fast ending, and labor market is still very strong with a 3.5% unemployment rate. With inflation trending less hot, the Federal Reserve will start slowing interest rate hikes going forward in time after next month.
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Old 10-28-2022, 12:20 PM
 
13,601 posts, read 4,934,489 times
Reputation: 9687
Quote:
Originally Posted by GraniteStater View Post
https://www.cnbc.com/2022/10/27/stoc...lose-news.html


Yes, so much for the doom and gloom crowd thinking the stock market was going to implode the rest of the year, the recent bear market is fast ending, and labor market is still very strong with a 3.5% unemployment rate. With inflation trending less hot, the Federal Reserve will start slowing interest rate hikes going forward in time after next month.
Hope you're right, but the report yesterday showing that the economy is still growing robustly makes me think the Fed might want to raise interest rates some more. Could it be that the Fed has pulled off the elusive "soft landing"? Maybe, but I wouldn't bet my life savings on it.
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Old 10-28-2022, 12:25 PM
 
10,483 posts, read 7,005,412 times
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They're still planning on 2 more rate hikes this year. .75% and .5%
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Old 10-28-2022, 12:26 PM
 
Location: West Palm Beach, FL
17,628 posts, read 6,914,908 times
Reputation: 16536
Quote:
Originally Posted by GraniteStater View Post
https://www.cnbc.com/2022/10/27/stoc...lose-news.html


Yes, so much for the doom and gloom crowd thinking the stock market was going to implode the rest of the year, the recent bear market is fast ending, and labor market is still very strong with a 3.5% unemployment rate. With inflation trending less hot, the Federal Reserve will start slowing interest rate hikes going forward in time after next month.
The only reason it's gaining momentum is because people are confident that the Biden regime will be a lame duck Presidency and the Democrats are going to get soundly destroyed in the midterms.
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Old 10-28-2022, 12:28 PM
 
5,935 posts, read 2,762,114 times
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Retail investors overbought puts by a huge margin, created a squeeze, allowing stocks to rebound.

I bought the dip and will sell after a nice rise, but the headwinds are still there and will return.

Read this for reference:
https://www.forbes.com/sites/georgec...h=92b11ec4868e
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Old 10-28-2022, 12:30 PM
 
Location: Metro Detroit, Michigan
29,823 posts, read 24,913,395 times
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Eventually all this inflation has to be reflected in the price of stocks. That's the whole point of investing in the stock market. To protect your wealth against inflation.
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Old 10-28-2022, 12:43 PM
 
Location: Raleigh NC
25,116 posts, read 16,219,510 times
Reputation: 14408
Quote:
Originally Posted by GraniteStater View Post
https://www.cnbc.com/2022/10/27/stoc...lose-news.html


Yes, so much for the doom and gloom crowd thinking the stock market was going to implode the rest of the year, the recent bear market is fast ending, and labor market is still very strong with a 3.5% unemployment rate. With inflation trending less hot, the Federal Reserve will start slowing interest rate hikes going forward in time after next month.
the market is still open, and they chose to run a pre-emptive article and you chose to run a pre-emptive thread. Interestingly, the rise in the market correlates well with Oil & Energy stocks. But maybe that's your occupation and you're well aware of the economic principles at play

the market dropped and then saw a recovery in February, June and August, possibly bottoming out in September. The market is up 3% since Inauguration after this strong "month", but there's still Monday to go.

I think for most people, a period when values drop almost 20% and then recover to "well, you made 3% over the last 20 months, be happy!"....they're not happy.
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Old 10-28-2022, 12:52 PM
 
Location: USA
18,496 posts, read 9,164,949 times
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There is no such thing as “momentum” in the stock market.

Stocks rallied hard from mid June to mid August. Did that rally turn into a new bull market?
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Old 10-28-2022, 12:53 PM
 
Location: North of Canada, but not the Arctic
21,140 posts, read 19,722,567 times
Reputation: 25665
As andywire said, stock prices also suffer from inflation. If inflation is 8.6% and the stock market goes up 8.6%, the stock market didn't go up at all.
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Old 10-28-2022, 12:55 PM
 
3,113 posts, read 939,317 times
Reputation: 1177
Stock markets always gain right before an election, and sometimes a little bit afterwards.

This is a fake rally. Of course, once it begins to crash again, you won't be anywhere to be found. And of course, eventually the stock market will truly rally. Just like it cannot go up forever, it cannot crash forever too.
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