What the "Dow" is happening?
- Thread starter eyephone
- Start date
NEW -> Contingent Buyer Assistance Program
Did I miss a page of this thread?
I don't see where SGIP is spinning anything. Looks like he's just saying that rates can vary on any announcement whether it makes sense or not, it's very difficult to draw a direct correlation between interest rates and whatever is going on politically.
He talked about the rates and made a political opinion. But did not state all the facts. Blanket statement that senators oppose from opening the government is not true. Actually there might two GOP senators that are willing to sign a budget without funding a wall.
The bill that the House just passed previously passed Senate 100-0...that's like naming of Post Office level of agreement. But of course, we can't pass that bill now!
I get that you may have an issue with his 5:00AM example but I don't think that's the gist of his post.
He was just saying that rates can vary independently of what is going on politically. He even said:
So whatever he said about politics may or may not be correct... but the point he made about rates seems to be relevant. I think there has been so much back and forth in the political threads that some of that fervor is spilling over here.
Can we get back to the Dow?
But the particular narrative here was how low mortgage rates are. Then someone said it could be affected by politics and SGIP chimed in that rates could be affected by anything.
I don't see how that was changing the narrative. Maybe it challenged what you feel politically but that's a separate issue.
Sure, but that happened there. Again, the focus of his post here was the whim of rates, not really politics. Maybe he used a bad example to illustrate what he was saying but you keep digressing from the intent (at least what I think the intent was).
Please.
Interesting words you are using... "defending"... does that mean you are "attacking"?
All I am saying is that to me, his post was about the whim of rates, sure he may have referenced something political but that he was just continuing on the theme that fortune11 had posted right before:
Again, maybe because you guys don't align politically shouldn't detract from the point of his post that rate fluctuation is very hard to predict based on politics.
Do you agree or disagree with that? And does that same principal apply to the Dow?
High - Five Fortune11....
More advice (for those who care)
Don?t dabble in single stocks here - many more negative surprises may lie ahead when q4 and guidance comes out . Need that out of the way first . If you are day trading in and out , this does not apply to you .
You must have done well if you bought indices during late dec when I recommended to go long . Still good , but don?t chase it much past 2700 if we get there too quickly
Don?t dabble in single stocks here - many more negative surprises may lie ahead when q4 and guidance comes out . Need that out of the way first . If you are day trading in and out , this does not apply to you .
You must have done well if you bought indices during late dec when I recommended to go long . Still good , but don?t chase it much past 2700 if we get there too quickly
aquabliss
Well-known member
Option trading has been tough to make money in this market over the last couple months. The volatility has really spiked option premiums upward. Many weeks I would buy same week expiry index calls or puts (DIA/SPY/QQQ), and in a days time the index would be up or down a full % point in my favor only to learn that my option contract would have remained neutral price or gone up/down a few percent only. You need huge moves to make decent money in options these days.
irvinehomeowner
Well-known member
eyephone said:
Did I miss a page of this thread?
I don't see where SGIP is spinning anything. Looks like he's just saying that rates can vary on any announcement whether it makes sense or not, it's very difficult to draw a direct correlation between interest rates and whatever is going on politically.
irvinehomeowner said:
He talked about the rates and made a political opinion. But did not state all the facts. Blanket statement that senators oppose from opening the government is not true. Actually there might two GOP senators that are willing to sign a budget without funding a wall.
Irvinecommuter
New member
eyephone said:
The bill that the House just passed previously passed Senate 100-0...that's like naming of Post Office level of agreement. But of course, we can't pass that bill now!
irvinehomeowner
Well-known member
eyephone said:
I get that you may have an issue with his 5:00AM example but I don't think that's the gist of his post.
He was just saying that rates can vary independently of what is going on politically. He even said:
So whatever he said about politics may or may not be correct... but the point he made about rates seems to be relevant. I think there has been so much back and forth in the political threads that some of that fervor is spilling over here.
Can we get back to the Dow?
irvinehomeowner
Well-known member
eyephone said:
But the particular narrative here was how low mortgage rates are. Then someone said it could be affected by politics and SGIP chimed in that rates could be affected by anything.
I don't see how that was changing the narrative. Maybe it challenged what you feel politically but that's a separate issue.
Sure, but that happened there. Again, the focus of his post here was the whim of rates, not really politics. Maybe he used a bad example to illustrate what he was saying but you keep digressing from the intent (at least what I think the intent was).
Please.
irvinehomeowner
Well-known member
eyephone said:
Interesting words you are using... "defending"... does that mean you are "attacking"?
All I am saying is that to me, his post was about the whim of rates, sure he may have referenced something political but that he was just continuing on the theme that fortune11 had posted right before:
fortune11 said:
Again, maybe because you guys don't align politically shouldn't detract from the point of his post that rate fluctuation is very hard to predict based on politics.
Do you agree or disagree with that? And does that same principal apply to the Dow?
notice how despite all the bad earnings pre announcements, bad outlooks , etc (American air, retailers , autos) , market is nearly unchanged today ?
it is about what is priced in -- the stock market , for better or worse, is the BEST economic forecaster we have out there.
Fed better understand that soon enough. Seeing the speeches and public comments from Fed governors last few days , looks like they are finally getting the message ...
it is about what is priced in -- the stock market , for better or worse, is the BEST economic forecaster we have out there.
Fed better understand that soon enough. Seeing the speeches and public comments from Fed governors last few days , looks like they are finally getting the message ...
irvinebullhousing
Well-known member
fortune11 said:
High - Five Fortune11....
Irvinecommuter
New member
Just got some 9 month bonds...yield is higher than the 2 year.