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rangerray's Account Talk
- Thread starter rangerray
- Start date
rangerray
Active member
Made my first interfund transfer under the new system. It went well.
I’m trying 80% G, 10% C, 10% S as of COB today. I wanted badly to wait until some gap filling was completed, but I’m going in a little early in case the current trend continues.
Scott Harrison
Senatobia, MS
I’m trying 80% G, 10% C, 10% S as of COB today. I wanted badly to wait until some gap filling was completed, but I’m going in a little early in case the current trend continues.
Scott Harrison
Senatobia, MS
FireWeatherMet
Well-known member
Going in on a 1-2% dip...I think you might have timed it just right. :smile:
Boghie
Well-known member
Too funny, I hopped in with another 20% a couple of days ago as well.
But, if you think about it, a 2% 'crash' is only a 0.4% crash to someone with 20% in the market. I, personally, am now 50% in the market. I will lose around 1% today if things don't flip. I would not call that a crash...
rangerray
Active member
I know the Fed would like to see jobless claims rise, but do they consider a lot of people may be taking on new jobs right now because they're like, "It's getting bad out here, I better find myself a job!" It's about to be too cold to comfortably sleep in a car. In other words, work oriented folks are getting it while they can, perhaps because they sense how bad the situation will be later.
Not too unlike a farmer rushing to bring in the harvest before a major storm hits.
Not too unlike a farmer rushing to bring in the harvest before a major storm hits.
Laying some truth down there. I know it's been said before but I think the Fed has 1 goal in mind and it's almost like they are putting blinders on everything else around them. I was not in the camp of the Fed losing credibility up until this last meeting but I think they are getting there. It's like watching paint dry. I think I even mentioned it in my thread somewhere about the Fed going too far. People far better educated and more experienced have been pounding the drum to let these hikes sit in and see what happens before continuing to raise more but I think they are correct. It is not an easy job I'm sure, I would not want to be in their shoes, but they have to be thinking about this. Even if they paused for a couple/few months. Would it be so bad? I guess a better question would be what would the negative be if they paused to see the impacts?
Boghie
Well-known member
The 0.75% hikes have not been enough. Inflation is no longer primarily driven by fuel. It is a mess and could very likely result in hyper-inflation if not brought under control.
Someone should remind the Gubmint of a famous phase:
Do
Not
Fight
The
FED
The FED is not there to ensure you have a job. The FED is there to ensure that a dollar today is basically worth a dollar next year. That is, when you have a job you also have a viable and stable currency. The FED's goal is 2% inflation. We can deal with that and the FED likely wants a bit of wiggle room to help avoid deflation - which is the worst thing that can happen to a currency.
Part of a viable currency is a viable economy. Part of a viable economy is viable employment. So, everything kinda gets clumped together, but the base on which everything is built is the viability of the currency. If the Gubmint insists on flooding the economy with increasingly worthless dollars the FED will respond by yanking that paper out of the system. The problem is not the FED, the problem is our Federal Gubmint.
Remember, the FED is only very indirectly tied to the political system. The chairman gets selected every once in a while - and, that is it. They are bankers, not politicians. Politicians would create a currency like that in Venezuela and then complain about it. And, we freeloading voters want that till we don't.
We wanted this, celebrate it!!!
Posts like this are the reason we need a "Love" option along side the "Like" option.. Thanks, I enjoyed this one.
rangerray
Active member
So, I’m reading in Lance Roberts’ Bull/Bear report from yesterday that there are now several contrarian indicators suggesting a bear market rally is due. Is this the week? If that CPI report on Thursday is favorable, as in worse for the working man/woman, then is the rally on for Thursday/Friday?
The next rate hike is pretty much assured, but if the CPI shows the fed is finally starting to “break something” then there might be cause to slow down the tightening.
Scott Harrison
Senatobia, MS
The next rate hike is pretty much assured, but if the CPI shows the fed is finally starting to “break something” then there might be cause to slow down the tightening.
Scott Harrison
Senatobia, MS
rangerray
Active member
I'm not waiting around for a pivot point. I'm taking some gains today and going back to 100% G.
Last edited:
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