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-   -   Stock Market Prediction (http://www.paceadvantage.com/forum/showthread.php?t=133768)

lamboguy 12-18-2018 05:04 PM

oil is getting toasted and roasted now. wholesale unleaded is $1.34 today, gas should be going below $2 soon at the pump.

ReplayRandall 12-18-2018 06:56 PM

Went to do a little X-mas shopping in 2 of the biggest malls here in Charlotte.....Empty I tell ya!....Every store with 40% and above sales, bursting at the seams with merchandise....Looking mighty woeful to me, roaring economy my ass...:pound:

lamboguy 12-18-2018 07:33 PM

i went to Costco today, there was a 20 minute line to check out. the gas was going for $2.25 a gallon for reg unleaded.

i live in Boston, the place is packed with people that are coming from all over the world. some come for the schools, others come for expensive surgery's and doctor's visits. i met a father and his son that came from the United Arab Emirate. his kid had a surgery to take a tumor out of his brain. the doctor's in the middle east wouldn't do the surgery. the Emerite government paid $1 million for this kids surgery. he has been in Boston now 2 months.

Saratoga_Mike 12-19-2018 09:25 AM

The US economy could be slowing (it is), or even headed into a recession (can't rule out - so late in cycle), and we could still have a great Christmas-selling season.

If oil falls another $10, Trump should ask the Saudis to CURB production, as we'll start to have a redo of 2014/15 (i.e., destruction of oil field srvs and energy-linked industrial jobs).

ReplayRandall 12-19-2018 04:12 PM

Powell press conf. still going and the market has swung 600 to the downside...

Keep talking Powell!!.:jump::jump:

Saratoga_Mike 12-19-2018 04:14 PM

Market disliked the Fed statement and hated Powell's answer about backing off reverse QE (i.e., balance sheet reductions). As noted a few weeks ago, Fed funds have increased approx. 550 bps on a QE-adjusted basis (using Atlanta Fed framework on the QE-adjusted metric) from the 2014 bottom. That's a decent-size move. We'll see.

lamboguy 12-19-2018 04:20 PM

S+P hit support and bounced off it, now going to crack the support again. 100 s+p point spread for the day so far.

this is a market and a half if you like action.

Saratoga_Mike 12-19-2018 04:26 PM

Quote:

Originally Posted by lamboguy (Post 2408523)
S+P hit support and bounced off it, now going to crack the support again. 100 s+p point spread for the day so far.

this is a market and a half if you like action.

where's support in your estimation???

lamboguy 12-19-2018 05:00 PM

s+p 250 ETF

Saratoga_Mike 12-19-2018 05:05 PM

Quote:

Originally Posted by lamboguy (Post 2408549)
s+p 250 ETF

ty

lamboguy 12-19-2018 05:10 PM

Quote:

Originally Posted by Saratoga_Mike (Post 2408552)
ty

it stayed inside the range, so now people have no clue which way to bet for tomorrow!

2 things really bother me about this market, the financials and the transports. i saw my Fedex driver today and he told me is a lot slower this year than last year. but that might have been because of Amazon Prime.

cj 12-19-2018 05:12 PM

Quote:

Originally Posted by lamboguy (Post 2408171)
oil is getting toasted and roasted now. wholesale unleaded is $1.34 today, gas should be going below $2 soon at the pump.

It has been in the 1.75 range here for weeks already.

lamboguy 12-19-2018 05:23 PM

Quote:

Originally Posted by cj (Post 2408556)
It has been in the 1.75 range here for weeks already.

it feels like they are giving the stuff away! its less than a gallon of milk!

Saratoga_Mike 12-19-2018 06:09 PM

Quote:

Originally Posted by lamboguy (Post 2408554)
it stayed inside the range, so now people have no clue which way to bet for tomorrow!

2 things really bother me about this market, the financials and the transports. i saw my Fedex driver today and he told me is a lot slower this year than last year. but that might have been because of Amazon Prime.

FexdEx comments on Europe were horrible. Agree 100% on putrid financials performance.

sammy the sage 12-19-2018 07:34 PM

Quote:

Originally Posted by lamboguy (Post 2408559)
it feels like they are giving the stuff away! its less than a gallon of milk!

Gas prices went down hard...right as the LAST recession started...how soon people forget history...:faint::eek:


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