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03-16-2023, 11:40 PM
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#4666
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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Quote:
Originally Posted by ReplayRandall
JUST IN - European Central Bank raises interest rates by 0.50% to 3.50%.
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Just in?
This news crossed the wire about 15min prior to the 9:30am NY open this morning...
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03-16-2023, 11:51 PM
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#4667
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Info purposes only....If you want, I'll sharpshoot all your posts...I've been kind to you.
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03-17-2023, 12:01 AM
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#4668
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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Quote:
Originally Posted by ReplayRandall
Info purposes only....If you want, I'll sharpshoot all your posts...I've been kind to you.
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03-17-2023, 09:05 PM
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#4669
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Registered User
Join Date: Jan 2007
Posts: 1,133
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During the 1987 bear market the WSJ ran a cartoon with the caption: This is what you call an institutional market. Anyone that invests in it belongs in an institution.
The cartoon drew numerous complaints in Letters to Editor from brokerage houses.
If The Wall Street Journal is reading this maybe, they should run that cartoon again.
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03-17-2023, 10:04 PM
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#4670
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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Nancy Pelosi is one of the greatest stock timers of all time, she has been doing this for years. this one might be the greatest one of her career, and she probably got it with the help of a very unsuspected ally, the governor from Florida, Ron Desantis. you see Disney has a self acting governing body called The Reedy Creek Improvement District which allowed Disney to have special power and tax advantages in Florida for decades. but recently Desantis basically destroyed Disney's own governemnt operation and forced them to fall in line and be overseen by a special board. Nancy sold $1 million worth of Disney stock 2 days before Desantis announced the changes. Nancy seems to have great timeing!
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03-20-2023, 07:41 AM
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#4671
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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In about a 3hr period from 2am to 5am, S&P futures slid from 3950 to 3900 and back again to 3950...but if you look at CNBC right now, you'd never know this happened...
Not even mentioned in their "LIVE" section with updated commentary every time "something happens"
Weird
Last edited by PaceAdvantage; 03-20-2023 at 07:45 AM.
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05-24-2023, 07:42 PM
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#4672
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Very sharp decline ahead!
This could be the big one.
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05-25-2023, 03:00 PM
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#4673
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by Tape Reader
Very sharp decline ahead!
This could be the big one.
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Interesting call Tape Reader.
What would cause this decline and what are the reasons behind it?
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05-25-2023, 03:40 PM
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#4674
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by myohmyjustify
Interesting call Tape Reader.
What would cause this decline and what are the reasons behind it?
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100% technical. Just my opinion based on home grown stuff.
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05-26-2023, 10:29 AM
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#4675
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by Tape Reader
100% technical. Just my opinion based on home grown stuff.
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OK. Thanks for the reply.
Good luck.
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05-26-2023, 11:03 AM
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#4676
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Veteran
Join Date: May 2023
Posts: 122
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Quote:
Originally Posted by myohmyjustify
OK. Thanks for the reply.
Good luck.
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If he acted on that call he would need a cash infusion more than luck.
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06-05-2023, 06:33 AM
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#4677
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Registered User
Join Date: Feb 2019
Posts: 1,287
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.
whether or not you like AI or ChatGPT it has lit a fire in the tech world
in 2022 the Nasdaq 100 lost one third of its value
so far in 2023 it's up 31%
I own VGT a Vanguard index fund that is based on tech - it's way up too - woo hoo
https://www.industryweek.com/technol...silicon-valley
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__________________
believe only half of what you see.....and nothing that you hear..................Edgar Allan Poe
Last edited by Half Smoke; 06-05-2023 at 06:42 AM.
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06-05-2023, 08:04 AM
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#4678
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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Quote:
Originally Posted by Tape Reader
Very sharp decline ahead!
This could be the big one.
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i totally agree, but i don't think the big decline comes before S+P price breaks all time highs. i would be looking for over a 50% decline off the top, which would be pretty bad because of the recent steep upturn in inflation. i am also including precious metals in the skid, just maybe not as much of a decline.
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07-23-2023, 06:42 AM
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#4679
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Registered User
Join Date: Feb 2019
Posts: 1,287
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.
since 1999, not including this year, the Dow has gone up in 17 years and down in 6 years
this strong upward historical movement is also reflected in the S&P 500
that's a very strong indication of the strength of the market as a whole
this very interesting link tracks investor sentiment towards the future
according to it:
51.4% are now bullish - 27.1% are neutral - and 21.5% are bearish
of course, the bulls could be wrong - but I don't believe this is meaningless - it has some value imo
https://www.aaii.com/sentimentsurvey
another one for "The Wisdom of the Crowds"__________?
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__________________
believe only half of what you see.....and nothing that you hear..................Edgar Allan Poe
Last edited by Half Smoke; 07-23-2023 at 06:56 AM.
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08-07-2023, 08:12 AM
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#4680
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Registered User
Join Date: Feb 2019
Posts: 1,287
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.
Berkshire Hathaway - ticker symbol BRK.A is still going strong
it's still run by Warren Buffett - he will turn 93 at the end of August
he's the world's 6th richest man - his net worth is about $ 117 billion
what an amazing guy he is
https://seekingalpha.com/news/399794...urance-results
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__________________
believe only half of what you see.....and nothing that you hear..................Edgar Allan Poe
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