Post by
mouserman on Jul 15, 2022 9:44am
LBS jumps up again at the open?
Really do not understand the thinking here.... 30%+ premium in this current market is just craziness.
Comment by
bubba9 on Jul 16, 2022 11:48am
Buying the div that seems safe for awhile. Probably only one more .5% rate hike left in Sept....
Comment by
flamingogold on Jul 19, 2022 3:50pm
bubba, we're no where near done. I am expecting a 3/4% hike in Sept and another 1/2 or two 1/4 pt jumps before the end of the year. Probably more next year to start. Inflation is entrenched and is going to take a few good rate hikes by the BoC / FED to get it under control. The 2% goal is a long, long way off.
Comment by
flamingogold on Jul 19, 2022 4:08pm
one more thing.... if corporate earnings are not overly bearish and the market runs through the balance of July and August, it will only give the BoC more ammunition to raise rates aggressively come September.