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Dow futures collapsing

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Aug 4, 2024.

  1. NavyGator93

    NavyGator93 GC Hall of Fame

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    What name was he using when he posted about the Matt Blevins victory party?
     
  2. WarDamnGator

    WarDamnGator GC Hall of Fame

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    LouisvilleGator, I think, something like that.
     
  3. docspor

    docspor GC Hall of Fame

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    I really don’t think okee is Louisville.
     
    • Agree Agree x 1
  4. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    In all the years I’ve been on this board I’ve never seen such consistent selfing from a single poster. From the victory party to some of his earliest takes in the covid thread to the 2022 mid-terms - he is prognosticator extraordinaire. I can’t tell if it’s delusion or trolling at this point.
     
    • Agree Agree x 1
  5. GatorNorth

    GatorNorth Premium Member Premium Member

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    seems posters whose username starts with the prefix "louis" have elevators that don't go to the top floor......

    Back to the point of the thread = FAIL
     
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  6. NavyGator93

    NavyGator93 GC Hall of Fame

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    Looks mostly like trolling. No one can consistently be that ignorant. He's like the guys on here that just carpet bomb neg ratings that don't make sense. Desperate cry for attention, maybe some self worth issues.
     
    Last edited: Aug 9, 2024
    • Agree Agree x 2
  7. mdgator05

    mdgator05 Premium Member

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    So, let's look at weekly performance.

     
  8. okeechobee

    okeechobee GC Hall of Fame

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    There really hasn't been any solid economic data released since Wednesday, other than the jobless claims numbers which beat expectations by a few thousand. But weekly jobless claims ebb and flow. Markets generally don't go in one direction forever. I would caution to wait until we get some more data released next week before acting like we're out of the woods. The data overall the past two weeks has been pretty bad. Bad enough that most people on Wall Street are predicting a half point Fed cut in September. A half point cut would indicate the Fed sees the potential for things to get worse.
     
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  9. mdgator05

    mdgator05 Premium Member

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    Bloodbath of 0.04%!
     
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  10. ETGator1

    ETGator1 GC Hall of Fame

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    I don't see a rate cut in September unless the target is reached in July, August, and September numbers up until the Fed meeting.

    Those on Wall Street are like screaming babies who haven't gotten their way on 6 rate cuts over the last 1 1/2 years. They can't even fake a correction in the stock market even though one is overdue.
     
  11. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    There will 100% be a rate cut in September. Happy to wager.
     
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  12. ETGator1

    ETGator1 GC Hall of Fame

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    Wager, like I'd trust a lefty to pay up.
     
  13. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    [​IMG]
     
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  14. okeechobee

    okeechobee GC Hall of Fame

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    A few days ago, I read 75% of money managers on Wall Street are predicting a half point cut in September. They are usually pretty spot on with that.. especially when it's >75% of them. This isn't a poll of what they want, rather what they think will actually happen for the purposes of investing, etc.
     
    • Agree Agree x 1
  15. vaxcardinal

    vaxcardinal GC Hall of Fame

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    Thanks Joe
     
  16. ETGator1

    ETGator1 GC Hall of Fame

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    Nope, don't agree. The majority has been calling for cuts since July 2023. They have yet to be right even one time. I think they will be wrong this time too unless inflation makes direct strides south to the 2.0% target by the Fed's September board meeting.

    I read somewhere the other day, wish I had saved it, that the market sells off way more often than not after the first rate cut. If I owned stocks, glad I don't, I'm not so sure I'd want current rates being cut unless there are significant employment pressures to justify it. So far, that has not materialized. I'm in the soft-landing camp.
     
  17. ursidman

    ursidman VIP Member

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    Bug Tussle NC
    Don’t dash his hopes so cruelly
     
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  18. VAg8r1

    VAg8r1 GC Hall of Fame

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    One of the few times that we are in agreement. A rate cut in September is a virtual certainty and a half point is a reasonable prediction.
     
    • Informative Informative x 1
  19. NavyGator93

    NavyGator93 GC Hall of Fame

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    • Informative Informative x 3
  20. citygator

    citygator VIP Member

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    • Funny Funny x 2