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- Nov 30, 2016
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The DJIA was at 25,916 on 03/01/19 is what I was referring too. I beleive today it closed about 25,962.
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The DJIA was at 25,916 on 03/01/19 is what I was referring too. I beleive today it closed about 25,969.
I'm well above my all-time high but of course welcome higher.As I mentioned earlier, Micron Technology good earning report last night led the tech sector higher. MU itself went up 9.62% today. Still a long way to go to get back to its own high. Talk about getting beaten, look at Applied Material too (up 4.5% today).
Some of my semi names such as LRCX, and TXN have done better than the rest. But foreign stocks, which I have a bit of, still have a lot to go to catch up with the S&P.
Today's gain ain't bad, but I still need a good 6-figure gain to get back to where I was in Jan 2018.
Regarding the Fed's announcement that they are done with rate increases for 2019, I find the sudden dovish stance surprising.
Apparently, the Fed sees signs of economy weakening, while the rest of us just parties on. Anybody sees some signs that he wants to share?
PS. The Fed has decreased the GDP 2019 projection from 2.3% made in December down to 2.1%. Unemployment projection was changed from 3.5% to 3.7%. Longer run, the GDP increase is now 1.9%, and the unemployment 4.3%. They apparently do not believe good times will last.
Regarding the Fed's announcement that they are done with rate increases for 2019, I find the sudden dovish stance surprising.
Apparently, the Fed sees signs of economy weakening, while the rest of us just parties on. Anybody sees some signs that he wants to share?
I'm well above my all-time high but of course welcome higher.
Yeah - definitely a disconnect.Regarding the Fed's announcement that they are done with rate increases for 2019, I find the sudden dovish stance surprising.
Apparently, the Fed sees signs of economy weakening, while the rest of us just parties on. Anybody sees some signs that he wants to share?
PS. The Fed has decreased the GDP 2019 projection from 2.3% made in December down to 2.1%. Unemployment projection was changed from 3.5% to 3.7%. Longer run, the GDP increase is now 1.9%, and the unemployment 4.3%. They apparently do not believe good times will last.
The balance sheet unwind is tightening, so they are just easing up there too, to be more accomodative.Yeah - definitely a disconnect.
The market is partying because - yay, lower rates, better for business!
The rates are dropping because the Fed has a gloomy outlook.
What's also odd is the dollar is strengthening against the Euro, even though US interest rates are dropping - it's usually the other way.
What's really shocking to me is that the Fed is pulling back on their balance sheet unwind. I don't get that.
As I mentioned earlier, Micron Technology good earning report last night led the tech sector higher. MU itself went up 9.62% today. Still a long way to go to get back to its own high. Talk about getting beaten, look at Applied Material too (up 4.5% today).
Some of my semi names such as LRCX, and TXN have done better than the rest. But foreign stocks, which I have a bit of, still have a lot to go to catch up with the S&P.
Today's gain ain't bad, but I still need a good 6-figure gain to get back to where I was in Jan 2018.
Interesting thanks for sharing. I guess time will tell us how this year plays out.Yeah - definitely a disconnect.
The market is partying because - yay, lower rates, better for business!
The rates are dropping because the Fed has a gloomy outlook.
What's also odd is the dollar is strengthening against the Euro, even though US interest rates are dropping - it's usually the other way.
What's really shocking to me is that the Fed is pulling back on their balance sheet unwind. I don't get that.
Uh oh, the market is not happy today.
It has not opened as of this writing, but the futures are down.
^ Lol.
Happy Sad that what makes it interesting. If it was always happy it would be boring and then maybe not. Lol
Anyone notice an inverted yield curve this morning? The 2-5 year Treasuries are yielding less than the 3-12 months. The 10 year is also inverted.Uh oh, the market is not happy today.
It has not opened as of this writing, but the futures are down.
Anyone notice an inverted yield curve this morning? The 2-5 year Treasuries are yielding less than the 3-12 months. The 10 year is also inverted.
Yikes, the Dow is down 435 points already even this early in the day! And bouncing around like crazy (384 points down now).
Yesterday my portfolio balance was just $373 below its all time high. But today that goal looks almost unattainable any time soon.
Oh well. No danger of any "WH***!!!" posts here today. Still, what goes down must come up and vice versa, so maybe another day.