Post by
TheWokeLemming on May 05, 2022 11:52am
The market has decided to ignore Powell
It's like the sellers have concluded that yesterday's Fed announcement was all baloney and they are just going to do what they want to drive markets down. I await the rebound once their Prozac kicks in.
Comment by
BayStreetWolfTO on May 05, 2022 11:57am
Nasdaq getting closer to my 10k
Comment by
BayStreetWolfTO on May 05, 2022 12:00pm
High rates not good for tech. I see ARKK getting crushed again down 9%
Comment by
Chrisinvan7 on May 05, 2022 12:07pm
Maybe the market is finally coming to the realization that you can't fight 8.5% 'official' inflation with -7.5% real interest rates.
Comment by
BayStreetWolfTO on May 05, 2022 12:52pm
Chris, the market did know it. It was all about who would be the first to flnch today. We even discussed yesterday the plan from JP wasn't going to work....and that is a SH board LOL