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Re: Good day to sell
[Re: jbyrd63]
#7732947
12/02/22 07:37 PM
12/02/22 07:37 PM
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Joined: Feb 2014
Posts: 14,936 Ky
jbyrd63
OP
trapper
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OP
trapper
Joined: Feb 2014
Posts: 14,936
Ky
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China Covid , low volume Black Friday sales . Supply chain issues about to worsen! Cash in on the high tide by Friday it might be bad ! See the day I mentioned? The slide started about 10 this morning then the GOVERNMENT released jobs numbers and it trended back up Hold my beer !!
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Re: Good day to sell
[Re: stinkypete]
#7733028
12/02/22 08:51 PM
12/02/22 08:51 PM
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Joined: Nov 2007
Posts: 925 N. W. MISSOURI
TRAPPER-ED
trapper
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trapper
Joined: Nov 2007
Posts: 925
N. W. MISSOURI
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![[Linked Image]](https://trapperman.com/forum/attachments/usergals/2022/12/full-15843-159065-31cf14ce_e3f2_4b69_9047_6d5e4309f401.jpeg) I have held my tongue long enough. I got blisters. Stay in the game. It’s long term baby x2 on the long term
50 + years of trapping & some fur buying and i still know nothing.
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Re: Good day to sell
[Re: jbyrd63]
#7733227
12/03/22 01:48 AM
12/03/22 01:48 AM
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Joined: May 2010
Posts: 11,157 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 11,157
MN
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China Covid , low volume Black Friday sales . Supply chain issues about to worsen! Cash in on the high tide by Friday it might be bad ! See the day I mentioned? The slide started about 10 this morning then the GOVERNMENT released jobs numbers and it trended back up Hold my beer !! It was remarks by Jerome Powell that caused the markets to reverse.
"Gold is money, everything else is just credit" JP Morgan
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Re: Good day to sell
[Re: jbyrd63]
#7733527
12/03/22 11:42 AM
12/03/22 11:42 AM
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Joined: May 2010
Posts: 11,157 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 11,157
MN
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I should have clarified my comment to "for the week"
The markets were mixed for the day yesterday, with the bell weather SP down a tad.
The pundits might say the job reports was better than expected at first blush but after further review the labor participation rate fell. Also "better" than expected job reports at this juncture in time give the FED more ammo to continue being hawkish.
As was pointed out by stinkypete the drop yesterday morning can easily be attributed to day to day volatility, it was barely a percent. Don't think for a second the average stock market professional is aware that severance packages are helping to keep the UE rate down.
Don't take my remarks a disagreement with your points. Fundamentally I think the market is going to see quite a bit more of a sell off.
Anyhow it was 10 below this morning, it won't be long and it will start to get cold out.
"Gold is money, everything else is just credit" JP Morgan
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Re: Good day to sell
[Re: Foxpaw]
#7733622
12/03/22 01:53 PM
12/03/22 01:53 PM
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Joined: Mar 2007
Posts: 35,853 McGrath, AK
white17

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,853
McGrath, AK
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It’s called volatility!!! Nothing more!!! I learned on Seinfeld the market fluctuates, lol! Great comment attributed to JP Morgan when asked what the market was going to do. He responded.........."It's going to fluctuate" He also said ......."I made most of my money by selling too soon."
Mean As Nails
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