That's what's up bitches.
WHAT THE FAWK IS HAPPENING ?
The Fed is expected to announce a 25pbs rate cut which was already a downer. Is it going to be worse?
Protect yourselves in the clinch. Let's have a moment of silence for your 401k.
I'm having great day but this doesn't feel right.
Around the spring of 2008 my company hit $100 million in monthly mortgage originations. Record High. We had a company party to celebrate. Just before I headed to meet the employees at the party I got the news from our trading desk that our bids for those loans were coming in at 98, up until then we had been selling around 102.50.
We were going to lose money on our pool of record production. And I was warned this was not transitory.
Sure enough, It got worse from there until the patient hemorrhaged to death. Im trrying to shake it and maybe its the trauma from the rat fucking I took but this feels similar. I'm having a great day but feeling unsettled.
From the article:
"US stocks fell on Tuesday, with the Dow on track to log its biggest losing streak in 46 years.
The Dow Jones Industrial Average (^DJI) slid roughly 0.8% in afternoon trade, coming off an eighth straight day of losses for the blue-chip index.
The last 9-day losing streak for the Dow was Feb. 1978. Prior to that, the index suffered an 11-day losing streak in 1974 and another in 1971."
Never mind, we back.