Can you ping me and let me know when low and high are?
...and right on cue, there’s an article over at Marketwatch calling this “panic-like buying.”
LOL.
6,000 new jobs per State. Yes, yes, I know. But that’s an incredible number.
L
Good, with little inflation it makes sense for a pause that refreshes.
PMS are holding their own, too - even after a big sell-off this week.
2019 is supposed to be the year Gold breaks $1,360.00/oz. We shall see! MAGA! :)
What really made me laugh was this clown ..or should I say self-proclaimed EXPERT was inferring that if Powell of the federal reserve doesn’t follow through with his predicted two rate hikes in 2019 that real damage could be done . He said “Its simple physics ! A body in motion stays in motion and a body at rest stays at rest” I found that to be an absurd analogy in regard to monetary policy .
* We have gobs of energy, we are extracting it and selling it
* The tax laws will not change for quite a while even if they "Impeach"
* Restraint of the 13 cabinets especially with those related to energy will not change if they "Impeach".
* China? Who cares, we are making stuff here again, they are a false house of cards with fake cities etc, let them implode.
* Markets love grid lock. Welcomed to gridlock.
* We are getting out of wars and theaters, not in them.
Other than the Fed being a PIA ( BTW they talk to titans of industry all the time and POTUS, they don't live in a vaccum).
*Sadly I think we could grow @ 5%+, w/ Pelosi and no wall we will be stuck @ 3%+ right now. IMHO illegals are sucking 2% GDP out of our system. Poland is @ 5% w/ a tax policy no where near as good as ours, and they let no one in and they are growing @ 5.1%.....
.
Powell is pissing his pants because Trump has him cornered.
“Really folks, I had no intention to crash the economy...”
.
/s
Dow surges 800 points after Powell comments, blowout jobs report.
And still the communist press and their congressional allies castigate Trump. Absolutely revolting.
Powell is Deep State scum. He is setting up a sucker punch to wreck the US economy, hurt President Trump, and help his socialist/Marxist/Demscum (but I repeat myself) “elite” buddies. He is a self-interested traitor who wants nothing good for America. Anyone who believes anything this puke says is a fool.
“As always, there is no preset path for policy, ” Powell said.”
In other words, “the President whacked my pee pee real good!”
“Blowout’ and ‘Jobs’ should be rarely used in same sentence..................
we are used to DOW for decades in a much lower range ( 15000 in 2013) 500 600 800 movement looks large but the % is small.
I know we cannot get past the impression of DOW moving 100’s of points. We will get used to looking at points & percentage change.
The Dow was already up big when Powell started talking. But Powell took out a prepared written statement and gave a very dovish statement. Basically he said, he did not need to continue tightening if the market has a cow. But with inflation shrinking, and people entering the job market from the sidelines, I think he will only raise rates if the China issues get resolved. Trump is handing China a can of Whup-ass.
Gave them some more points to drop. Stand by for another fall back to where it was and less.
When I am hunting and have a blowout, nothing good follows.
Wait a second... when the market drops, it’s not the end of the world? It starts to recover at some point? Wait until the experts on the financial channels hear about this!
There goes “Obama’s economy” again..