Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Up 68% today.
Wow!
At 99 bucks now
Yeah.....and the markets will function just fine in this rate environment.
Quite frankly only a recession will bring prices down. How mild or deep that will be has lots of different factors.
We hit 8% and I’ll never buy stocks again.
Hate to say it because I know there will be pain but we need a recession and an economic reset. They’ll do everything they can to delay it.
I'm off the opinion that we are more likely to get one raise this year, but you can be sure it will be after November 3.
Time will tell.
I’m definitely with you on this. I think that the final leg on getting inflation down to where the fed wants it to be is beyond what the capabilities of their tool box is able to achieve. Raising and lowering rates can have some effects on altering demand (and thus prices) on things that are not super necessary. However, many of the people and corporations that would need to lower prices in order to get inflation down to where the fed wants it to be have no interest in sacrificing their massive profit margins. I don’t think they care about higher rates because they are thriving in this climate of higher rates. Companies that are super profitable now, that have nice balance sheets—that are excelling—are not going to be motivated to self sacrifice their profit margins in order to give the fed justification to lower rates and to make cash cheaper again. This would effectively create more competition for them as it would level the playing field between them and companies and corporations that are having a hard time surviving in a tighter market. Even though the jobs reports are strong—one of the biggest employers has been the government—which in an election year is not super surprising. I want to make clear that I’m not trying to make this into a political post, but I don’t think any administration from any party would want to see unemployment numbers go way up in an election year—and consequently—I’m not super surprised that the government is doing a lot of the hiring. If this wasn’t an election year, I think we would be seeing some softness in the employment numbers. I see the market basically bouncing up and down for the near term. We’ll get some tidbits of info that look good and some tidbits that aren’t ideal—but I don’t see the final leg of reducing inflation being easy to achieve.
Inflation tends to be sticky. I do think the Fed has the toolbox and is wielding it (like Thor's Hammer). It just takes time to sink in - like in 2025 (I hope).
I am genuinely curious about what your thesis is. Their only tools are raising and lowering rates and their dialogue. Mohamed El-Arian recently said that the Feds speech has become nothing more than a play by play commentary that imposes unnecessary volatility into the markets. He believes that their speech and comments should definite a clear road map or strategy--and that doesn't seem to be happening. I don't think that the tools that the Fed has are going to make grocery stores charge less for food that people need to buy, I don't think that their tools are going to reduce the cost of rent or mortgages much (as if they reduce rates, home prices could actually go up), and I don't think that their tools are going to do much in reducing the costs of many services. i don't think the feds tools are going to be effective in reducing much demand for fuel, energy and utility costs..etc Keep in mind, I'm certainly don't want to come across as being super negative or pessimistic about things. I think we'll work our way through things and I don't think the "sky is falling". In the near to mid term--I just see a situation where most of the essential stuff that people use/need is going to retain high prices no matter what the fed does. I really hope that m thesis is wrong. Time will tell.
Thanks
I saw another article on this today and it reminded me that I never went back to respond to this like I intended to.
To be clear, you think Rocket is behind the class action lawsuit, or the Hunterbrook story, or both?
I may be this biggest non-institutional owner of this turd outside of the the insiders, many of which I own more shares than....
I think they are involved in some way... if it was just a suggestion or active direction or something in between, I don't know. That is my hunch and I have no evidence for it but it falls in line with the core values of Rocket that I have seen played out over and over and over with clients, brokers, and anyone and everyone. It is a company that cheats, steals and lies it's way every step of the way in all things that it does. Completely void of moral or ethical compass.
Yea, the price on the stock has sucked but that dividend is a helluva way to be patient with it.
This is what stuck out to me too.
Is it sustainable if rates don't drop? I remember looking at some point and thinking their cash + cash flow was going to require debt or equity to sustain it if volume didn't increase. I'm interested, but I haven't looked at it lately.
Except inflation is on the rise again. Can't cut now even if they wanted to. Might even want to tick it up in June.
You can thank me. I sold both lt positions about two weeks ago. King Anti-Midas strikes again.Gold $2,420
Silver $29.31
