Yeah no real conviction in either direction. The Fed will raise rates again next week but that's probably already baked in to equity prices.And it flipped around, the markets are on a hair trigger now.
Yeah no real conviction in either direction. The Fed will raise rates again next week but that's probably already baked in to equity prices.And it flipped around, the markets are on a hair trigger now.
I've got some cash in a Vanguard money market fund as well as "high" yield savings account with AMEX.Next week's raise is reckless... they need to be on pause and digest.
If they think they're going .75 and .75... that's where thing could finally break.
And I'm a Kool aid drinking permabull.
All that aside.... treasuries are the buy for awhile for me. $TLT
Next week's raise is reckless... they need to be on pause and digest.
If they think they're going .75 and .75... that's where thing could finally break.
And I'm a Kool aid drinking permabull.
All that aside.... treasuries are the buy for awhile for me. $TLT
Why would you be a permabull?
FDX down almost $40 premarket, might be a bumpy day guys.
Damn. Brutal but expected.
I’m about 80% cash right now.
Also looking at buying a semi. That industry is hurting for people. Trying to dissect how that industry and regional shipping/getting products to stores is still booming but Fed/ex is going the other way.
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Yea, at open I will sell everything except for a few long term stuff.
Then the market will shoot up 5%
LOL, I wouldn't take that bet, LOL. Everything sure seems to be pointing to a pretty good downdraft to me for the next few months at least. Food prices at the grocery store are just ****ing crazy, that alone is affecting budgets.
Futures down 254 points already. Actually started to build long term positions in two stocks on Wednesday. First individual stocks I've purchased in several years. Will gradually add to those positions and perhaps add a couple new ones if things keep trending downward.
INTC looks like a straight out value play now. Good balance sheet, nice dividend yield of 5%. Little debt. It's practically selling for book value.Averaging down is not a bad plan, I have been thinking along those lines on a few. INTC especially.
INTC looks like a straight out value play now. Good balance sheet, nice dividend yield of 5%. Little debt. It's practically selling for book value.
META might be a good value play as well but the Zuckerberg's metaverse is still a ways away.
Altria is paying a 9% yield now and tends to stay solid in downward markets. Not sure how sustainable that dividend is though.
I hope markets drop even more so I can pick up shares at a lower price.No way the market is going to bounce back when the fed has another 2 interest rate hikes in the next 3 months.
Carl Icahn's limited partnership, IEP, currently yields 15%. I'm not chasing any big dividend players though. And I don't trust Carl. Carl only cares about Carl.Think I have 500 Altria.
Check BHP. Very stable and still around 10%
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