The stock market is tanking, we should be happy right????

[kev374]

up up and away, what can I say… you guys were wrong and I was right again. +350 points up today, I was quite prescient I would say.

The market even ignored the 10Y hitting 2.91 at one point, the market has simply entered a mode for the moment that it does not care and it will go up no matter what. It’s the euphoria top and can last a while.

[spdrun]

S&P, DOW, and R2K are still below record highs, only NASDAQ broke records today. Let’s see what the song will be after the Fed hikes again next week. Rooting for 10y to break 3%, and maybe 4% by the end of the year. 5-6% 30 year rates will be nice if they push people with ARM HELOCs over the edge.

[FlyerInHi]

Kev, the economic policies suck. But that tax cuts and stock buybacks are holding the market. But for how long?

[phaster]

[quote=spdrun]S&P, DOW, and R2K are still below record highs, only NASDAQ broke records today. Let’s see what the song will be after the Fed hikes again next week. Rooting for 10y to break 3%, and maybe 4% by the end of the year. 5-6% 30 year rates will be nice if they push people with ARM HELOCs over the edge.[/quote]

huh,… if the fed pushes up interest rates, that implies the cost(s) to service the existing debt goes up

[quote]
The Cost of Rising Interest Rates

…Last year, the federal government spent $241 billion on net to service roughly $14 trillion of debt – meaning it paid an average interest rate of less than 2 percent.

Dec 14, 2016

http://www.crfb.org/papers/cost-rising-interest-rates
[/quote]

what’s the national debt now?

[quote]
$20+ Trillion

https://www.usgovernmentdebt.us
[/quote]

if you’re rooting for higher interest rates in the 5-6% range, just to push people with ARM HELOCs over the edge,… perhaps ya might not have fully considered various knock on effects at the BIG level

[quote]
The United States enjoyed the benefits of being able to spend money freely, such as acquiring commodities and consumer products from abroad. In addition, the U.S. foreign-policy goal of containing Communism in the face of the Cold War and decolonization kept the dollars flowing.

http://www.imf.org/external/np/exr/center/mm/eng/mm_sc_03.htm
[/quote]

things w/ the US dollar being the global reserve currency seem somewhat comfortable for now (at least for those who have RE and play the stock market)

[quote]
30th Annual ROTH Conference scheduled for March 11-14, 2018 at The Ritz Carlton, Laguna Niguel in Orange County, CA. Following the success of the previous year’s events, the ROTH Conference, with close to 550 participating companies and over 4,700 attendees, will feature presentations from public and private companies in a variety of sectors

http://www.roth.com/main/page.aspx?PageID=7290
[/quote]

…otherwise most others (not invited) might not feel so lucky,… or kinda like they are between a rock and the proverbial a hard place???

its going to be interesting to see what the future brings

just sayin,… hope sheeple don’t wise up and lose confidence in the system too soon because this allows some time to put various hedges in place (which hopefully allows one to be somewhat insulated from hardships later on when TSHTF)

[spdrun]

If it means that the US will have to re-evaluate their spending and stop deficit spending to finance endless war and incarceration of 1% of the public, here’s to higher rates. I’m not a patriot in the sense of needing to live in a country that’s top dog militarily. Let the Chinese run the world for a time and go bankrupt playing Whack-a-Mole.

Also, the cost of mass incarceration combined with a recession in 2008-10 was the slap in the nose that got more liberal states to re-evaluate their drug laws, bail system, and general sentencing policies. A good thing — without a bit of pain, there’s no gain as far as social justice.

[kev374]

The 10Y has been hovering around 2.8-2.9 forever, the rise in short term rates are already baked into the psychology of the long term markets so there is a good chance that long term rates will stay low for a while. Long term rates do not necessarily correspond to short term rates so just because the Fed is rising means squat for the 10Y or the 30Y.

What is more likely is that as we are headed to a recession in the next couple of years the yield curve will invert as the short term rates rise.

[kev374]

Market is going to rally hard tomorrow on low inflation reading…

[kev374]

[quote=kev374]Market is going to rally hard tomorrow on low inflation reading…[/quote]

Was right again… market is unstoppable 🙂

[spdrun]

NASDAQ down 35, Dow up a measly 5?

[Coronita]

[quote=kev374]Market is going to rally hard tomorrow on low inflation reading…[/quote]

lol

[kev374]

up 5? Dow is up triple digits past 2 days despite political turmoil. The power of this bull market seems to be unique. It just does not seem to care about anything at all.

[spdrun]

Markets actually fell the day I posted that. NASDAQ down today (mildly), DOW still 1500 points off the Feb peak.

[Coronita]

[quote=flu][quote=kev374]Market is going to rally hard tomorrow on low inflation reading…[/quote]

lol[/quote]

lol x2

[scaredyclassic]

neither the law nor the stock market is entirely logical.

[kev374]

yeah the market fell today but considering the insane news in past years the market would’ve probably fallen 10-15% in a single day but instead it’s down 1%… this tells me the bull market is alive and well.

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