2200 is strong support for S&P 500, will it break ?

Stockolio said:
Central banks get to print Trillions, which leads to high inflation and high consumer debt servicing, in turn crush an economy. It's currently happening, Consumer Debt and Corporate debt is real and has serious effects. You can't print your way to prosperity, there are slower and more effective ways to achieving it, but the dictator and his puppets royally screwed up. They will have a similar situation as Japan's lost decade, I would say from 2020-2030... If you are going in a deep recession that is not caused by lack of credit, with current levels of QE they have been having since 2014, it is clear recession effects are coming from offshoring of jobs and not lack of credit like boom bust cycles entail, job offshoring is a permanent effect... Look at Detroit for example, unfortunately after next round of QE in US, inflation will get pretty rampant as well considering likely size of the QE, if you add Universal Basic Income few years down the road, 15 hour wage would be equivalent to 10-11 hour wage now, essentially killing any hourly wage growth progress and going into further inequality, unsustainable middle class
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$15 an hour by 2024...like you mentioned it will be equivalent to $10-$11 by then as costs of goods and services continue to surge...don't pay any attention to the inflation numbers the government puts out. All made up...wage growth has been stagnant for decades. They keep talking how they are going to shorten the gap between rich and poor but that's all make believe. Nothing but nonsense garbage talk is all it is....
 
Dow gave up a great rally. ...better hope we don't get another 1-2,% sell off. Once the markets start gain that downward momentum there is an extremely strong possibility of December 24th lows breaking once again.
 
S2007S said:
Dow gave up a great rally. ...better hope we don't get another 1-2,% sell off. Once the markets start gain that downward momentum there is an extremely strong possibility of December 24th lows breaking once again.
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It might be too fast for anyone to put on a good sized short.
 
S2007S said:
Dow gave up a great rally. ...better hope we don't get another 1-2,% sell off. Once the markets start gain that downward momentum there is an extremely strong possibility of December 24th lows breaking once again.
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I said to go long for a huge rally until something is resolved. That happened Friday. I think this could be the reversal now.
 
That run in semiconductors the last week was a joke....with Intel earnings looking extremely poor and today with NVDA cutting guidance the semiconductor index should be 20% lower!!!!!
 
Ouch on CAT!!!!

Huge bellweather of the economy is showing constant weakness, the fed is going to be pumping trillions into the market soon. Can't have a drop in earnings...oh no ...prop it the fu$k up!!!
 
Once again the fed bows to wallstreet.....

Nothing new...just the same old fed making sure they give the bitches on wallstreet what they want



And of course the fed changed course after Trump kept talking about how the fed had to stop raising rates.....they should have raised rates today however they played the dovish hand and have wallstreet what they wanted....



Jerome Powell says the Fed did not change course on interest rates in response to Trump
  • Jerome Powell, chairman of the Federal Reserve, denied that President Donald Trump's criticism of the central bank influenced its decision to maintain interest rates at their current levels.
  • "What we care about ... is doing our job for the American people and using our tools," Powell said at a press conference.
  • As recently as December, Trump discussed firing Powell because of widespread losses in the stock market.
Michael Sheetz | @thesheetztweetz



https://www.cnbc.com/2019/01/30/pow...e-on-interest-rates-in-response-to-trump.html
 
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