Investing

[oblong]

Market is back up to where it was on Monday.  
 

[1776]

WSJ-

Treasury yields have sprung to multiyear highs, forcing the U.S. government to pay a lot more in interest and putting pressure on the budget.  

The U.S. government is expected to pay an additional $1.1 trillion in interest over the coming decade, according to the Congressional Budget Office’s latest estimates. Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget. Only Social Security and Medicare are forecast to be bigger burdens in the coming years.

[1776]

The 10 year benchmark with a nice spike up this morning. 
 

[1776]

Wall Street’s expectation that the Federal Reserve will cut interest rates several times this year has helped power stocks to records. Now, some investors think the central bank might not cut rates at all.

After the latest blockbuster jobs reportFriday showed continuing strength in the economy, more traders are betting the Fed may cut the benchmark federal-funds rate just once or twice this year, fewer than officials’ last median forecast of three quarter-point cuts. And a handful are even starting to wager that the central bank will leave rates where they are.
-WSJ

Personally, I can’t see any justification for a rate cut any time soon. One of the Fed’s talking heads suggested a possibility of three cuts this year. Doesn’t make sense.

Edited April 8, 2024 by 1776

[1984Echoes]

Two things on DJT shares:

 

1) They're trying to get a waiver so that they don't have to wait 6 months before they're allowed to dump shares. Of course they are. The shares will be near worthless in 6 months, so they want to dump them NOW!!! I hope the SEC tells them to go **** themselves. Point blank.

2) I wanted to short sell those shares when it hit $70, but... "shares not available to sell short". Sold at $70 (if they would have allowed such...) and the current price below $34 = a purchase cost of 1/2 of the price they woulda been sold at. Or, more than double money, in less than a month.

"I coulda been a contendah...".

[chasfh]

They’ll get the waiver. The system is designed to help Trump and people like Trump.

[oblong]

2 hours ago, chasfh said:

They’ll get the waiver. The system is designed to help Trump and people like Trump.

Yep. It won’t be it help him but some hedge fund or other anonymous outfit. “Too big to fail”.  
 

Remember a couple of years ago when regular joes messed around with game stop stock and all the hedge fund managers were like “dude… that’s not fair”

 I saw the beginning of a thread that asked “what are things that when poor people do if it’s considered trashy but when rich people do it it’s considered classy?” Examples like “speaking two languages at home” and “not paying taxes”.  This is another case.  When you or I use bad judgement or have just bad luck on a stock, that’s life.  When the super rich do it then we must put in safeguards. Trickle down and such.  

[CMRivdogs]

 

[1984Echoes]

Market futures are tanking right now due to Israel's attacks on Iran and other...

[chasfh]

Market hasn't needed any help tanking lately.

 

[1776]

Mortgage rates have found the 7% shelf again. Inflationary pressures are keeping Jerome awake at night. The most debated conversation-smooth landing-is still undecided. 

[Screwball]

Candidate for idiot of the month in this current **** show

 

[Tiger337]

23 hours ago, Screwball said:

Candidate for idiot of the month in this current **** show

 

Have not seen you in a while Screwball. Welcome back! 

 

[Deleterious]

He's back.

 

[Deleterious]

Right on cue.  After hours volume of 11 million shares is insane.  All based on a single image posted on Twitter.  Tell me again Wall Street isn't a casino.  

  

[Deleterious]

Yeah.  Game Stop up 68% 15 minutes after the opening bell.  Bend over, shorts.

[Tiger337]

[ewsieg]

Stock market rising when Trump is in power - It means nothing, average American's aren't getting the advantage of that rising stock market, there are many other factors.

Stock market rising when Biden is in power - It's the ultimate measurement, you shouldn't discuss anything else, this should be the only focus.

 

[VegasTiger]

3 hours ago, ewsieg said:

Stock market rising when Trump is in power - It means nothing, average American's aren't getting the advantage of that rising stock market, there are many other factors.

Stock market rising when Biden is in power - It's the ultimate measurement, you shouldn't discuss anything else, this should be the only focus.

 

Links or it didn't happen.

[1984Echoes]

8 hours ago, ewsieg said:

Stock market rising when Trump is in power - It means nothing, average American's aren't getting the advantage of that rising stock market, there are many other factors.

Stock market rising when Biden is in power - It's the ultimate measurement, you shouldn't discuss anything else, this should be the only focus.

5 hours ago, VegasTiger said:

Links or it didn't happen.

 

That...

And IIRC...

The stock market was the ONLY economic indicator/rate/measurement that Trump used, or actually knew what it was. He didn't know any other economic indicators (oh wait a second, unemployment rate... that was the ONE other rate that he knew of... aside from those two... de NADA). Always the brainless ****, that Donald Q Trump...

So if the Stock Market is the ONLY rate that Trump is capable of using for the U.S. economy (ok, and the unemployment rate), and he brags and broadcasts that constantly, and his sheeple followers believe he's an economic GENIUS because... well... complete and total ignorance actually... But that means Trump says "stock market" and that means he's an economic GENIUS!!!... well, then that means Biden is TWICE!!! the genius that Drumpfster is... Right ewsieg?

 

[Tiger337]

11 hours ago, ewsieg said:

Stock market rising when Trump is in power - It means nothing, average American's aren't getting the advantage of that rising stock market, there are many other factors.

Stock market rising when Biden is in power - It's the ultimate measurement, you shouldn't discuss anything else, this should be the only focus.

 

The stock market rising is ALWAYS good.  I loved when the stock market rose during Trump's presidency.  It had little to do with him just as the current rising stock market has little to do with Biden.  I will say that the Dow Jones is a stupid measure.  It's just that they don't have SP 500 5300 caps!

Edited May 18, 2024 by Tiger337

[ewsieg]

8 hours ago, VegasTiger said:

Links or it didn't happen.

Ever watch a White House press briefing?  If you miss it, you can go back and watch them on youtube and I think c-span usually has the most recent one up.  

[1776]

On 5/17/2024 at 4:21 PM, Tiger337 said:

This hat look's better that the Detroit City Connect hat. 

[Netnerd]

On 5/17/2024 at 3:21 PM, Tiger337 said:

This would look better on a messy bed.

[Deleterious]

Gamestop about to jump today.  All because of a screenshot posted on Reddit.  Remember, that 120,000 is contracts at 100 shares per contract.  So 12 million shares.  If it pops to $75ish he has the potential to become a billionaire today.