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The Markets #7267616
05/19/21 09:08 AM
05/19/21 09:08 AM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline OP
trapper
cfowler  Offline OP
trapper

Joined: Apr 2014
Posts: 7,081
MO
Seems to be a lot of selling in the markets. Bitcoin is taking a beating! Thought the economy was heating up? Is the “stimulus rush” over?


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: The Markets [Re: cfowler] #7267618
05/19/21 09:12 AM
05/19/21 09:12 AM
Joined: Mar 2007
Posts: 35,127
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,127
McGrath, AK
On the contrary. The market is reacting to the spike in retail sales this morning and waiting for Fed minutes from last month. It's because the economy is heating up that the market is selling off.

Traders are worried the Fed will renege on their word about NOT raising rates until 22 or 23.

That's why the sell-off this morning. I wouldn't be surprised to see it reverse after the Fed minutes are released............................or not


Mean As Nails
Re: The Markets [Re: cfowler] #7267621
05/19/21 09:14 AM
05/19/21 09:14 AM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline OP
trapper
cfowler  Offline OP
trapper

Joined: Apr 2014
Posts: 7,081
MO
Thanks White! Seemed odd, that’s why I put it out there. Figured someone was following it and had an explanation.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: The Markets [Re: cfowler] #7267624
05/19/21 09:18 AM
05/19/21 09:18 AM
Joined: Aug 2012
Posts: 3,972
South Dakota
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,972
South Dakota
Inflation/shortages are insane, if they don't raise rates, well you ain't seen nothin yet.

Re: The Markets [Re: cfowler] #7267625
05/19/21 09:18 AM
05/19/21 09:18 AM
Joined: Mar 2007
Posts: 35,127
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,127
McGrath, AK
Good news is bad news for the market. Crazy way to approach things for sure


Mean As Nails
Re: The Markets [Re: cfowler] #7267628
05/19/21 09:23 AM
05/19/21 09:23 AM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 10,787
Asheville, NC
The stock market is driven by the expectation of future earnings.

Last edited by charles; 05/19/21 09:24 AM.
Re: The Markets [Re: cfowler] #7267837
05/19/21 02:15 PM
05/19/21 02:15 PM
Joined: Mar 2007
Posts: 35,127
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,127
McGrath, AK
Reaction to fed minutes. Not much to go on. I still think we will recover at least some of today's downside before the close...............maybe

https://seekingalpha.com/news/36983...ory-inflation-pressures-at-april-meeting

Last edited by white17; 05/19/21 02:18 PM.

Mean As Nails
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