Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes

CNBC ^ | WED, DEC 5 2018 • 6:36 PM EST | UPDATED 3 HOURS AGO | Christine Wang, Fred Imbert, Eustance Huang

[spokeshave2]

Trump took advantage of the Fed position in order to take China to the woodshed by finally giving himself a moniker: “Tariff Man”. Dow dropped in response to the spat, and in response to the Dow dropping, the Fed has to back off rate hikes.

Trump:

Two scoops

Two genders

Two terms

Whacks the Chicoms and the Fed with a single Tweet.

[Drago]

Inflation running pretty hot in my area (Central California/FR HQ)...already has had a noticeable impact on restaurant prices over the last 6 months. Am also noticing certain home/grocery items taking pretty big jumps (what’s up with paper towels!?! $8.99 for a 2 pack Brawney “jumbo” roll @ my grocery store!!! Cheaper at WM, but still!). Current inflation rates calculated the “old way” (1980 & 1990):

http://www.shadowstats.com/alternate_data/inflation-charts

[Freedom'sWorthIt]

Sounds reasonable to me.

[OrioleFan]

I believe the FED was trying to tamper with the election by driving the stock market down prior to election day. Now they are saying “oops, my bad.”

[Sequoyah101]

Who else thinks this rebound will not stick?

[CincyRichieRich]

This is what you get centralized money. Pure corruption and market manipulation. They have betrayed our Republic and the American people’s trust through corruption and pseudo economic policies.
...
Thank you for details...I was too lazy to post what you did.

Many here are knee jerk and too dumb to know they are ignorant. I.e., unconsciously incompetent.

[E. Pluribus Unum]

Sell short then.

[Sequoyah101]

I invest, I don’t trade. The question is not if it goes back up but when.

[Enlightened1]

My pleasure

[Enlightened1]

There is a movie I have been wanting to see but have not. It is about the 2008 crash called, “The Big Short”. It came out in 2015. Here is the trailer,

https://youtu.be/vgqG3ITMv1Q