On the sidelines @ 100% C - no etf's left, waiting on November!
On the sidelines @ 100% C - no etf's left, waiting on November!
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Fed completes the taper
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Yup, From NewsFeeders article the Fed felt that the U.S. economy has been performing well this year after a weak first quarter. Economists are forecasting the best nine-month stretch of growth since 2005-2006, with growth expected over 3%. Also Fed indicated no threat of Inflation and also said that the labor market is improving significantly, not only with 5.9% unemployment but also that under-utilization in labor resources (number of people out of job market) “is gradually diminishing.”
So much for "QE3 Destroying the Economy" by printing so much money that inflation skyrockets, economies collapse and Gold soars (see 2 year old articles below). All 3 assertions were 100% wrong. We should hear no more from those sources but read below anyway for entertainment.
As Predicted, Bernanke Launches QE3 to Help the Big Banks
Marc Faber: The Fed will destroy the world - MoneyWeek
CURRENTLY 30% C, 20% S and 50% G (as of COB 04/11/2024) 1st April IFT
US 3Q GDP up 3.5% vs 3.0% est; weekly jobless claims total 287,000 vs 283,000 est
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Visa's gain today is accounting for 150-points of the Dow's 114 gain as I write this. In other words it would be down 36 if Visa was flat. The S&P and Nasdaq are down.
I guess if Visa is doing well it means consumers are spending. Maybe spending money they don't have, but spending.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
SPY had some pretty funky chart action starting at 1:20PM for about 15 minutes straight and then trading halted. Still flatlined as of this post, 2:33PM.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks