Discussion ***Official*** 2022 Stock Market Thread

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Red Squirrel

No Lifer
May 24, 2003
70,791
13,876
126
www.anyf.ca
I was watching Victoria Gold for past month or so as I was thinking of cashing out but got greedy and waited. Now it's tanked lol. It was around 15ish when I was originally thinking of cashing and now it's at like 9.

I think it will go back up though, just not any time soon. I have several grand in there so it will be a nice chunk of cash once I do take it out.
 
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jpiniero

Lifer
Oct 1, 2010
16,989
7,392
136
Less than 4 days to go and triple hike is back to being the heavy favorite. And yes the rate velocity has dropped a bit.
 

KB

Diamond Member
Nov 8, 1999
5,406
389
126
Less than 4 days to go and triple hike is back to being the heavy favorite. And yes the rate velocity has dropped a bit.

FFR is going up another .75%, but the more important 10 year treasury yield is still at 2.84%. Means that .75% isnt going to have an effect or is priced in.
 

KB

Diamond Member
Nov 8, 1999
5,406
389
126
lol, sounds like sergey brin got divorced this year because elon slept with his wife

just got published on the WSJ

I ain't saying she is a gold-digger... but she is sleeping her way up to the top.
Neither man is particularly attractive or likable, so its definately the money.

Elon says its fake. Take it for what you will
 
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FelixDeCat

Lifer
Aug 4, 2000
31,121
2,733
126
Yes because Wall Street thinks the Fed will cave and will turn the money printer back on soon so stocks go back up. I am unconvinced.

I find it rather disgusting that during a time of rampant inflation, you have flea bags that want the fed to inflate the dollar by suddenly reversing policy again.

Fuck that. :)

It is time for fiscal responsibility, austerity and reasonable interest rates. Not the same old, tired playbook of the last 15 years of zero rate and fed bond buying.

I was reading that in June they only sold mortgage bonds but actually BOUGHT treasuries. It was net reduction in the balance sheet overall for June, but why buy treasuries?

Let the fucking market set the fucking market rate and keep your finger off the scale like you said you would.
 

dullard

Elite Member
May 21, 2001
26,145
4,805
126
I find it rather disgusting that during a time of rampant inflation, you have flea bags that want the fed to inflate the dollar by suddenly reversing policy again.
We HAD rampant inflation. The question now is: will we have rampant inflation in the future?
Only some of that will show up in next week's inflation report for July. But data going forward for will look starkly different than it has looked. The Fed shouldn't reverse their interest rate changes, but there is mounting evidence that the Fed might be wise to wait and see if prices have stabilized.
 
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dullard

Elite Member
May 21, 2001
26,145
4,805
126
I suspect a big rally today.

Lets see if I'm right.
Predicting a big rally minutes before the open when the futures are strongly positive isn't much of a prediction.

How about some substance to your prediction. Something like: Fed raises rates 0.5%, which is less than the market predicted, which supports the big rally that started earlier today, only to be wiped out by Friday. I might be totally wrong on that prediction, but at least there is substance.
 

AdamK47

Lifer
Oct 9, 1999
15,834
3,624
136
Predicting a big rally minutes before the open when the futures are strongly positive isn't much of a prediction.

How about some substance to your prediction. Something like: Fed raises rates 0.5%, which is less than the market predicted, which supports the big rally that started earlier today, only to be wiped out by Friday. I might be totally wrong on that prediction, but at least there is substance.
I don't do substance. Sorry.
 
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FelixDeCat

Lifer
Aug 4, 2000
31,121
2,733
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Predicting a big rally minutes before the open when the futures are strongly positive isn't much of a prediction.

How about some substance to your prediction. Something like: Fed raises rates 0.5%, which is less than the market predicted, which supports the big rally that started earlier today, only to be wiped out by Friday. I might be totally wrong on that prediction, but at least there is substance.

I predict .75 with an accelerated taper timetable.

Sparta will fall. And it should. These aren't good times 😕
 

AdamK47

Lifer
Oct 9, 1999
15,834
3,624
136
Powell was asked at least three times if he thought we are in a recession. Of course he said no. No fed official is going to say yes despite all of the overwhelming evidence to the contrary. I'm sure he thinks we are in one. Publicly, he's going to say we aren't. It's not until we get official GDP numbers is he going to recognize it.