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11/14 No Recession, Stock Market Jumps 500 Points Happy Times!

Data out today is unbelievably great news. The Fed seems to have pulled off the impossible, a soft landing. Mortgage rates dropped faster than a Tijuana hookers panties on a Friday night ( that's if they wore panties). What a day for those of us that took the risk and stayed at the poker table. It's like the cliche says, be aggressive when everyone is fearful. Good day guys, a nice ribeye and BJ tonite. Cheers.

Stock market news today: Dow surges over 450 points after cool inflation print

12 comments

12 Comments

Java

Nov 16, 2023

Not to pee in your wheaties but 11/10 last year you had a post about a huuuuuge stock market rally too

BigBallss

Nov 16, 2023

Replying to

That rally on 11/10 2022 was the biggest one day gain in the previous two years. It was a valid post, no? Having said that, this might be a good time to repeat that , historically, I'm hot and cold as it relates to stocks. Maybe I come off as a dick know-it-all because I post so often but some of my biggest financial losses have come in the stock market. My biggest hits have been in real estate. The last 4 years are an exception. I have hit 500 ft homeruns on several stocks. But the last 4 years have also been idiot time in stocks. Meaning any idiot could make money. It's been a party. And you know what comes after the party, rehab.

Edited

troystory

Nov 14, 2023

I'm shocked at this. Still can't afford anything. But hopefully this rally will be a lagging indicator. Stock market is usually ahead of the real effect by a cycle.

SanClemente

Nov 15, 2023

Replying to

I think it's BS.

An attempt to change market sentiment. Lots of people jump back in, only to get the rug pulled out from under them.

Gubment spending works about as well as the speed defense.

But who knows, maybe BB is right? Nothing makes sense these days. Sc

BigBallss

Nov 15, 2023

Replying to

What do you mean Brad ? More detail please.

Brad Stevens

Nov 16, 2023

Replying to

Sorry, I didn't see your response earlier.

I was referring to the election next Nov. The ruling admin usually dumps a load of shit on the incoming prez, but I believe we have reached the breaking point with this F N debt bubble. Biden is going to take us to the 40T mark before he leaves. It's probably not even his fault. He was always the perfect puppet, even before the senility set in.

I'll stop hijacking your thread (not my intention). Don't want it to get moved to the poli board. Just mentioning because it a major factor why I have very little in the market. Good news is I'm still bringing in a few shekels. Don't get me wrong, my charity foundation is still taking donations.))