Re: DreamboatAnnie's Account Talk
Originally Posted by
DreamboatAnnie
Shitepoke, I feel the same way. Was thinking about getting out today, but decided to stay in... Will reconsider next week. Market is just in a downtrend due to inflation. I am not seeing that anyone is taking action to remedy that, so think it inflation and yields continue going up (and market going down). I am thinking to exit on next bounce and hope it doesn't drop after noon. Will see...
I read somewhere today, I think CNBC, that Powell said a .5% hike was coming in May. Suggested by one of the quoted sources, a more aggressive rate hike (or hikes) on the front end of their moves to bring down inflation would allow them to reduce rates later after they break something.
They will break something unless it's different this time.
Scott Harrison
Senatobia, MS
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