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Thread: Market News

  1. #2029

    Default Re: Market News

    Quote Originally Posted by weatherweenie View Post
    US weekly jobless claims total 283,000 vs. 282,000 expected
    or so the politburo says.
    100g

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  3. #2030

    Join Date
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    Oklahoma
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    Default Re: Market News

    On the sidelines @ 100% C - no etf's left, waiting on November!

  4.  
  5. #2031

    Join Date
    Apr 2005
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    Gainesville, Florida, USA
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    24,244

    Default Re: Market News

    I'd sit on that C fund for the next ten years.

  6.  
  7. #2032

    Join Date
    Sep 2006
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    Rocky Mountain High
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    Default Re: Market News

    Quote Originally Posted by Birchtree View Post
    I'd sit on that C fund for the next ten years.
    Only ten years?!
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  8.  
  9. #2033

    Join Date
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    Default Re: Market News

    Fed completes the taper
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  10.  
  11. #2034

    Default Re: Market News

    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 100% F (as of COB 10/27/2020) 2nd Oct IFT


  12.  
  13. #2035

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    Default Re: Market News

    US 3Q GDP up 3.5% vs 3.0% est; weekly jobless claims total 287,000 vs 283,000 est
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  14.  
  15. #2036

    Join Date
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    Default

    Quote Originally Posted by weatherweenie View Post
    US 3Q GDP up 3.5% vs 3.0% est; weekly jobless claims total 287,000 vs 283,000 est
    Wow surprisingly strong GDP number. How did the market react?

  16.  
  17. #2037

    Join Date
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    Default Re: Market News

    Quote Originally Posted by bmneveu View Post
    Wow surprisingly strong GDP number. How did the market react?
    The losses on the sp500 futures was reduced, but still showing a down open.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  19. #2038

    Default Re: Market News

    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. Do your own due diligence.

  20.  
  21. #2039

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    Default Re: Market News

    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.

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  23. #2040

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    Default Re: Market News

    Quote Originally Posted by bmneveu View Post
    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.
    Here's a visual

    SPY 30OCT14.jpg

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