Why are the financial markets getting destroyed?

[jjgold]

What’s going on out there?

 

[Tanko]

Reactions to labor maket and corporate forecastdata which wasn't great last week. Labor market came in well below expectations (114k jobs created vs 175k expected). Company forecasts indicate consumers have slowed down buying "stuff".

The financial guru's think Jerome Powell (Fed Chairman) and company have waited to long to cut interest rates and will now possibly drive country into a recession. That is why the price of oil and markets around the world are dropping like a rock today.

Most countries already started cutting rates weeks/months ago to head off a slow down and try to get to a "soft landing". US may be late to the game in cutting rates. The impact is still unknown long-term.

 

[KingKolzig]

Cause iran has the bomb

 

[BigJay]

What’s going on out there?

The crop report was wrong

 

[Tanko]

JJ are you selling or holding through this market swing?

 

[djefferis]

All I can say is start buying big oil again.

CVX yielding 4.5% and the XLE checking in at 3.5%.

Limited downside as all it takes is another whisper of unrest to push price back up and a nice dividend.

Better yet - keep selling just out of the money puts weekly on the XLE and have a steady income stream while enjoying the dividend too - just set your target price to get out - say $80 or 95 - too high or too low - wait for things to reset within range before owning or go back and re-evaluate your range.

 

[Tanko]

All I can say is start buying big oil again.

CVX yielding 4.5% and the XLE checking in at 3.5%.

Limited downside as all it takes is another whisper of unrest to push price back up and a nice dividend.

Better yet - keep selling just out of the money puts weekly on the XLE and have a steady income stream while enjoying the dividend too - just set your target price to get out - say $80 or 95 - too high or too low - wait for things to reset within range before owning or go back and re-evaluate your range.

Waiting for that shoe to fall anytime in the Middle East with all the tensions between Israel and Iran.

 

[djefferis]

Exactly - Arabs don’t want oil too pricey - that forces us to make efficiency changes and cut need long term - but below $65 they will freak out as someone has to pay for all their lifestyles.

$75-90 bbl is the “sweet spot” - high profit - no effect on demand. Can creep to $125 before they care.

 

[jjgold]

JJ are you selling or holding through this market swing?

You talk to me like I’m worth 40 million. I don’t have any stocks, but I follow it closely.


Hold

 

[KingKolzig]

Trump a lock for so many reasons

 

[Stallion]

Because unemployment is slowely going up, some of the biggest companies in the world are missing there quarterly earnings reports, interest rates are still way too high and the consumer is running out of money.

 

[BigJay]

 

[charliebrown]

The rich elite are never gonna let the stock market fail. That's their power

 

[jjgold]

Bounce back tonight so far

 

[mralar16]

jjgold did you buy bitcoin to cause this latest dollar rally?

 

[patrickbateman]

The markets were overvalued. Time for a correction. Hang tight and don't sell.

 

[patrickbateman]

Hopefully the market crashes will help Kamala lose. She did a great job securing our borders.

 

[jjgold]

Let’s see today if it has any strength

 

[RRsilver]

What’s going on out there?

Markets been over valued for 10 years. You will always have corrections and ups and downs.

 

[mralar16]

Let’s see today if it has any strength

Now jj gets flushed out.. bitcoin rebounds

You should start a crypto day trading thread!