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05-05-2022, 02:52 PM
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#1
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Ouch
https://www.foxbusiness.com/markets/...tures-5-5-2022
mostpost...is this part of the "big rebound" you talked about in Page one of the GDP thread??? Remember...you said we could "mark your words"???
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Just when you least expect it...just what you least expect-The Pet Shop Boys.
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05-05-2022, 03:06 PM
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#2
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Elkchester Road
is this part of the "big rebound"
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Yes, the economy rebounded down when it hit the ceiling. It's called the "Biden Bounce".
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A man's got to know his limitations. -- Dirty Harry
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05-05-2022, 03:09 PM
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#3
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Clocker
Yes, the economy rebounded down when it hit the ceiling. It's called the "Biden Bounce".
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Clocker 
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Just when you least expect it...just what you least expect-The Pet Shop Boys.
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05-05-2022, 04:47 PM
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#4
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,087
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Quote:
Originally Posted by Elkchester Road
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Context, context, context. The Dow was up 923 yesterday. Today the Fed announced a big jump in the prime rate. Of course the market panicked. It always does. I can’t imagine a worse scenario than being on a sinking ship with Wall Street traders. 
Let’s see if that 0.5 increase has an effect on inflation.
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"When you come at the King, You'd best not miss." Omar Little
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05-05-2022, 04:55 PM
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#5
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by mostpost
Context, context, context. The Dow was up 923 yesterday. Today the Fed announced a big jump in the prime rate. Of course the market panicked. It always does. I can’t imagine a worse scenario than being on a sinking ship with Wall Street traders.
Let’s see if that 0.5 increase has an effect on inflation. |
There's been a Shitload of "context" for a LOT of months now.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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05-05-2022, 05:28 PM
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#6
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Son O'War
Join Date: Feb 2003
Location: Bettorthaneverstreet, Boston
Posts: 7,211
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Quote:
Originally Posted by mostpost
Let’s see if that 0.5 increase has an effect on inflation.
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Seriously
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...as I lied down last night and looked up at the moon and stars, I said to myself, where the hell did my ceiling go
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05-05-2022, 05:33 PM
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#7
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
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__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
Last edited by Elkchester Road; 05-05-2022 at 05:40 PM.
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05-05-2022, 07:07 PM
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#8
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
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https://www.foxbusiness.com/economy/...ms-parents-u-s
The list of things to "keep in context" keeps growing.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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05-05-2022, 08:17 PM
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#9
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,787
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Context is to mostie as DNA was to OJ.
"Yesterdy, I didn't know what DNA was, today I find out I have buckets of it!"
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Who does the Racing Form Detective like in this one?
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05-05-2022, 08:44 PM
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#10
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Tom
Context is to mostie as DNA was to OJ.
"Yesterdy, I didn't know what DNA was, today I find out I have buckets of it!"
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DNA? Duh, how do you spell that? 
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A man's got to know his limitations. -- Dirty Harry
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05-05-2022, 09:35 PM
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#11
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,643
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Quote:
Originally Posted by mostpost
Context, context, context. The Dow was up 923 yesterday. Today the Fed announced a big jump in the prime rate. Of course the market panicked. It always does. I can’t imagine a worse scenario than being on a sinking ship with Wall Street traders.
Let’s see if that 0.5 increase has an effect on inflation. |
Heard on cnbc today that the Nasdaq shed more than 7 trillion dollars since mid February. That's quite a haircut.
The economy is on very shaky ground. Just glad I'm finally completely out of the market.
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“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,” -Joe Biden
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05-05-2022, 10:47 PM
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#12
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by ElKabong
Heard on cnbc today that the Nasdaq shed more than 7 trillion dollars since mid February. That's quite a haircut.
The economy is on very shaky ground. Just glad I'm finally completely out of the market.
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ElKabong...good to hear. Right now, this situation doesn't look like it has a bottom to it.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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05-06-2022, 12:52 PM
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#13
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,087
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428,000 jobs added in April; average hourly earnings up 5.5% over a year ago. Jobs at 95% of pre pandemic levels.
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"When you come at the King, You'd best not miss." Omar Little
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05-06-2022, 02:51 PM
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#14
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,787
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Quote:
Originally Posted by mostpost
428,000 jobs added in April; average hourly earnings up 5.5% over a year ago. Jobs at 95% of pre pandemic levels.
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Earnings up 5.5% prices up 9%.
Jobs re-filled in April.
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Who does the Racing Form Detective like in this one?
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05-06-2022, 03:52 PM
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#15
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,908
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Quote:
Originally Posted by Clocker
Yes, the economy rebounded down when it hit the ceiling. It's called the "Biden Bounce".
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But EVERYONE KNOWS whose fault this is, right?
Trump's.
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