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11-09-2016, 11:16 AM
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#1
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,625
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The stock market just broke yesterday's high
After being DOWN around 900 points in the futures overnight.
Viva Trump!
Last edited by PaceAdvantage; 11-09-2016 at 11:19 AM.
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11-09-2016, 11:25 AM
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#2
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
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Originally Posted by PaceAdvantage
After being DOWN around 900 points in the futures overnight.
Viva Trump!
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In spite of the extremely numerous and ominous and doom-and-gloom predictions by many in the establishment.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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11-09-2016, 11:29 AM
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#3
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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How am I suppose to buy the dip? In all seriousness I think the knee-jerk reaction to an interest rate hike will provide a good buying opportunity in the near future.
__________________
I attract money, I attract money...
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11-09-2016, 11:31 AM
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#4
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,625
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You could have taken advantage of it last night if you had a futures account...I do...but I didn't... 
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11-09-2016, 11:33 AM
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#5
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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Quote:
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Originally Posted by PaceAdvantage
You could have taken advantage of it last night if you had a futures account...I do...but I didn't... |
I do too, but I went into cash last week. The Election environment too risky for me, and I like to gamble
__________________
I attract money, I attract money...
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11-09-2016, 12:05 PM
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#6
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,759
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the paper gold market gaped and trapped.
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11-09-2016, 12:12 PM
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#7
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Registered User
Join Date: Oct 2004
Posts: 14,036
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The bond market is where you are going to see movement with increases in deficit spending and the national debt a near certainty in at least the short term.
Mortgage rates at least on our pricing are already up an 1/8th from yesterday at this time.
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11-09-2016, 12:14 PM
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#8
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,625
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With an interest rate hike right around the corner (whether or not Trump won), why would you be surprised?
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11-09-2016, 12:25 PM
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#9
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
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Originally Posted by PaceAdvantage
With an interest rate hike right around the corner (whether or not Trump won), why would you be surprised?
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Its probably unlikely now... with the increases to the debt and deficit that are near certain in the short-term they will fight to keep them down.
http://www.reuters.com/article/us-us...-idUSKBN134176
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11-09-2016, 12:27 PM
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#10
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Quote:
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Originally Posted by PaceAdvantage
With an interest rate hike right around the corner (whether or not Trump won), why would you be surprised?
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Futures are at 50% for a december hike Thats way down from a few days ago.
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11-09-2016, 12:27 PM
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#11
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,625
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Quote:
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Originally Posted by elysiantraveller
Its probably unlikely now...
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Maybe that should be the next bet on this site.
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11-09-2016, 02:49 PM
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#12
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
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Originally Posted by PaceAdvantage
Maybe that should be the next bet on this site.
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I'll say they don't raise them. They're already into territory they haven't seen since January. China and India's numbers suck and our debt is the best game in town but we're soon going to be issuing a lot more of it. This is one of the Trump caveat's I don't understand about debt-minded voters.
With control of both houses two things you can bank on are going to be increased spending and decreased revenue...
BEST CASE scenario: our economy slows temporarily before firing off...
Either way rates going up regardless of what the Fed does.
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11-09-2016, 02:55 PM
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#13
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
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Originally Posted by PaceAdvantage
Maybe that should be the next bet on this site.
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Better over/under is how long until Trump faces possible impeachment hearings due to running his mouth about classified information. 
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11-09-2016, 03:18 PM
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#14
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,625
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Dow just hit an ALL TIME HIGH...NEW RECORD!
Viva Trump!
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11-09-2016, 03:24 PM
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#15
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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BREXIT!!!!
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