What the "Dow" is happening?

NEW -> Contingent Buyer Assistance Program
Not since pre-911...interesting.

Consumer confidence hits 138.4 in September, vs. 132 estimate

September's index print is near the all-time high of 144.7 reached in 2000, the Conference Board said Tuesday.
"These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season," says Lynn Franco, director of economic indicators at the Conference Board.

https://www.cnbc.com/2018/09/25/consumer-confidence-september.html
 
Exactly ,  ?consumer confidence ? is not generating income in your retirement portfolio nor can it be sold to create actual wealth. Can?t believe I wasted a post even taking about this ...
 
fortune11 said:
Exactly ,  ?consumer confidence ? is not generating income in your retirement portfolio nor can it be sold to create actual wealth. Can?t believe I wasted a post even taking about this ...
Click to expand...

higher consumer confidence = stronger usd

strong usd = ??

please, go on  :)
 
Kings said:
fortune11 said:
Exactly ,  ?consumer confidence ? is not generating income in your retirement portfolio nor can it be sold to create actual wealth. Can?t believe I wasted a post even taking about this ...
Click to expand...

higher consumer confidence = stronger usd

strong usd = ??

please, go on  :)
Click to expand...

See you are back to your normal self now

That scotus thread had you become all stuffy and serious , like a ?values voter ?  :)
 
So where is that consumer confidence when you need it

On a different note , if you are already fully invested in the market because you love trump , how do you buy this dip ? Lever up your credit cards for MAGA .
 
morekaos said:
fortune11 said:
Kings said:
So glad that Obama took back the economy today and put us back on track!

#thankful
Click to expand...

What happened today ?  You guys got bored of Obama so soon and put trump back in charge ? :)

See how silly this is ?  hitching yourself to a bull market (supposedly) 9 years in the making ...
Click to expand...

Fear not, the Trump Rally is more than intact, its stronger.  A pullback from the highs was not only desirable but necessary.  The decks are being cleared for higher highs.  Stay invested my friend, this market will be higher by the end of this year.
Click to expand...

Lets see..Dow was at 24892 last you cried wolf...we'll be just fine,    Smoke if you got em.
https://youtu.be/Ky1HiwZjYKE

https://youtu.be/Ky1HiwZjYKE
 
This is why it matters to actually read , which arguably is hard to do for you since you are typing while wearing colored inks glasses  - i actually recommended going long s&p back then after the feb correction

The point is , it pays to be incremental and methodical in your approach as opposed to loading up based on your political views Or some random number generator of ?consumer confidence? because you read it on drudge or federalist
 
What didn't happen?

Flight to quality. For the most part Bonds and MBS's just laid there today. I had expected a 3.15 handle at least on the 10y

My .02c
 
Market was pretty predictable today, every bounce was followed by a lower bottom.

Bought some SPY puts and QQQ puts mid day that were already up about 80% on the day and finished another 20% up or so.

Feels good to make a few hundred extra on a day when you lose thousands in your 401k :)
 
OCLuvr said:
Even though there would be a blue change in November?
Click to expand...


Maybe the stock market is predicting bad things coming our way with that blue wave.


All I knows is the day I left for my daughter's wedding in CO the market was at it's high and today is my first day back and now look what happened! LOL!


She married that cowboy she always said she would marry (which we all asked her how u gonna find yourself a cowboy in Cali?) and it seems to be a match made in heaven, so I'm happy...?? three girls and three awesome son in laws.


I can thank the crappy economy a decade ago for the two of them being together. Had it not been for the fact she got out of college at a time when teachers were being laid off she wouldn't have ventured to AZ to meet the love of her life.


So...?? about the market...?? Appl.... maybe a trading range or double top? Amazon...? should have got puts on that one when it hit a trillion market cap.
 
Ready2Downsize said:
OCLuvr said:
Even though there would be a blue change in November?
Click to expand...


Maybe the stock market is predicting bad things coming our way with that blue wave.
Click to expand...

Aw shucks ... looksy look  there

MAGA investing philosophy in a nutshell =>

When market goes up it is because of trump

When it goes down , blame imaginary Democrats

And here I thought you all good ol red blooded Americans were fired up after confirming kavanaugh and had crushed  the blue wave already ?

Market went down , rates unchanged . Why ? I will explain later in the day in  good detail for those who care .

In the meantime - any of the MAGA  investing ?experts ? here want to pronounce any theories ?  were their portfolios were up in green yesterday , you know , because they are ?active? managers :)




 
I didn't blame the Dems for the fall yesterday.  I pointed out long ago that interest rates, being driven by inflation, the effect of a very strong economy driven by MAGA, will cause near term volatility and opportunities.  Totally normal and part of our now normalizing business cycle.  hint: if a money manager tells you "your account will go up every day"...run away from that guy.
https://youtu.be/vUXGDk4iVfA

https://youtu.be/vUXGDk4iVfA
 
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