You will find IR hike bigger than we thought.
Posted by ththf on :
FED may increase IR for 1%
Posted by glassman on :
i agree on the crude,
you may be right about the fed, but i hope not....
the govt. budget deficit will be hit even harder...
Posted by ththf on :
quote:Originally posted by glassman: i agree on the crude,
you may be right about the fed, but i hope not....
the govt. budget deficit will be hit even harder...
CPI number tommorow?glassman?
Posted by glassman on :
too busy trading these pennies to do that too..
just looked up to see the DJI down 135....hmmmm...this is a slippery slope if we go much lower...
Posted by glassman on :
remember oil is high because the administration has been (they claim) acting to weaken the dollar....
look at gold... this is our little wager with China IMO....
Posted by ththf on :
I check the calendar. Yes. CPI number tommorow. That number will give push on interest rate
Feb 22 10:00 AM Consumer Confidence Feb 104.0 98.0 103.0 105.1 103.4 Feb 23 8:30 AM Core CPI Jan - 0.3% 0.2% 0.2% - Feb 23 8:30 AM CPI Jan - 0.3% 0.2% -0.1% - Feb 23 2:00 PM FOMC Minutes Feb 2 -
I bet tommorow we will have a lower low and a lower high.
Posted by ththf on :
crude too much speculative. But it may continue go up in long run
Posted by glassman on :
yes CPI does com out tomorrow, and based on my shopping trips lately, i don't expect it to be good...
BUT,
i still think the market is strong, and we are showing better growth than Europe....
if the markets go down it'll be time to buy....
Posted by Lucy Lastic on :
hope this isn't too stupid a question, but.. how come 911 made gold soar?
.. lots of squinting and straining over here..this is supposed to be a no brainer isn't it!
Posted by glassman on :
it's a security blanket...
gold trades in US dollars so if you are worried about cash? you move to gold...
BUT,
there is a problem with China's yuan...the Chinese won't let the yuan trade freely, they "peg" it to the US$, so we can't compete on a level feild...the game is to force them to trade freely, so we are taking the dollar down...but it's not working blahblahblah
Posted by ththf on :
I think gold stocks overbought in short term(not in mid term). a correction may come soon.
If interest rate go high, it is not a good news for gold also.
Posted by Lucy Lastic on :
ooooooh.. so thaaats why ppl holding gold when the towers fell, all doubled their money. thanks... (at a certain point does a fee kick in for these questions? you have paypall or something?)
Posted by glassman on :
they didn't double on holding gold... gold has done well... BUT they may have doubled or better holding the correct gold mining stocks
Posted by ththf on :
gold stocks will go down. Maybe tommorow. If CPI number goes up, Gold stocks will also drop down with all other stocks.