Posted by DigiNomad on 2nd of Apr 2024 at 03:57 pm
Mnuchin in the boardroom today and everyone giving him that
stare. He's probably like, c'mon guys, don't you think it's a
little too soon to call in the big favors? They'll get to QE
without me burning one of my 3 wishes. Wait for it.
Mnuchin is incredibly composed and determined. Had the
opportunity to attend some of his cocktail parties in NYC before he
took on the role of Treasury Secretary. His apartment was quite
impressive (great art collection), and his wife (now divorced, I
believe) was undeniably elegant stunner.
Posted by DigiNomad on 2nd of Apr 2024 at 04:07 pm
No doubt. He seems as sharp as can be. He also has a very
impressive resume (obviously). I have nothing against the
guy, with the possible exception of a tiny bone to pick because he
gets deals and favors from the Gov that I could never dream
of...but that's just our system.
LOL yeah. The market got used to the Fed constantly reacting to
the market, vs just letting the market consolidate on its own
As I tell people, consolidation is healthy, it allows the market
and stocks to work off overbought conditions and build new bases or
patterns for the next move up.
analogy would be let's say you sprinted as fast as you could
around a track, you would get out of breath and need to rest in
order to catch your breath and be able to run strong again. The
markets are the same way, you need to let it go through corrections
to rebuild energy and patterns, vs artificially always try to
manipulate it, and make it have unnatural moves
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SPX - down .8% is
Posted by DigiNomad on 2nd of Apr 2024 at 03:21 pm
SPX - down .8% is pretty serious. Another day like today and there's probably going to be emergency congressional hearings about short selling.
we were probably close to
Posted by mla127 on 2nd of Apr 2024 at 03:39 pm
we were probably close to PPT intervention level at the open ...
Mnuchin in the boardroom today
Posted by DigiNomad on 2nd of Apr 2024 at 03:57 pm
Mnuchin in the boardroom today and everyone giving him that stare. He's probably like, c'mon guys, don't you think it's a little too soon to call in the big favors? They'll get to QE without me burning one of my 3 wishes. Wait for it.
Mnuchin is incredibly composed and
Posted by te22 on 2nd of Apr 2024 at 04:04 pm
Mnuchin is incredibly composed and determined. Had the opportunity to attend some of his cocktail parties in NYC before he took on the role of Treasury Secretary. His apartment was quite impressive (great art collection), and his wife (now divorced, I believe) was undeniably elegant stunner.
No doubt. He seems as
Posted by DigiNomad on 2nd of Apr 2024 at 04:07 pm
No doubt. He seems as sharp as can be. He also has a very impressive resume (obviously). I have nothing against the guy, with the possible exception of a tiny bone to pick because he gets deals and favors from the Gov that I could never dream of...but that's just our system.
LOL yeah. The market got
Posted by matt on 2nd of Apr 2024 at 03:37 pm
LOL yeah. The market got used to the Fed constantly reacting to the market, vs just letting the market consolidate on its own
As I tell people, consolidation is healthy, it allows the market and stocks to work off overbought conditions and build new bases or patterns for the next move up.
analogy would be let's say you sprinted as fast as you could around a track, you would get out of breath and need to rest in order to catch your breath and be able to run strong again. The markets are the same way, you need to let it go through corrections to rebuild energy and patterns, vs artificially always try to manipulate it, and make it have unnatural moves