anyone catch cnbc around 3:59-4pm today

[FullyArticulate]

Quote from S2007S:

CPI up due to medical insurance increasing at a rate that no one can believe.

Medical costs of all forms are up 4.3% YOY. Housing costs are actually higher weighted and a larger mover (which I was surprised about). Education is actually a pretty big mover too with a fairly high weight.

My concern is the commodities going forward. Eventually $8 soybeans and $4.50-ish corn will catch up with us.

 

[hitman4gk]

bottom line.cnbc are a bunch of cheerleaders and a bear market is detrimental to their ratings//i'm a trader and could care less where the damn market goes..CNBC is ridiculous,i no longer watch it. gave up a long time ago.

 

[biggerfish]

Quote from FullyArticulate:

... My concern is the commodities going forward.
Eventually $8 soybeans and $4.50-ish corn will catch up with us.

Right, basic grub's going to get more expensive, even at Trader Joe's...

 

[biggerfish]

Quote from hitman4gk:

bottom line.cnbc are a bunch of cheerleaders and a bear market is detrimental to their ratings//
i'm a trader and could care less where the damn market goes..
CNBC is ridiculous,i no longer watch it. gave up a long time ago.

Ah, but the investor-types stay glued to the CNBC talking/yakking heads - a good thing for traders.

 

[S2007S]

Quote from FullyArticulate:

Medical costs of all forms are up 4.3% YOY. Housing costs are actually higher weighted and a larger mover (which I was surprised about). Education is actually a pretty big mover too with a fairly high weight.

My concern is the commodities going forward. Eventually $8 soybeans and $4.50-ish corn will catch up with us.

yep corn at a 10 year high.

I do the food shopping and I can tell you food has gone up alot in the last 2 years.

As for medical costs, they will never come down and school, hahah, what a joke that is. The cost of living is going through the roof yet the only thing the average person can do is either get a better job or get a second job to just barely make it in this inflationary environment.

 

[S2007S]

speaking of cnbc they are going to have a segment on "on the money" on the s&p 500 breaking out to new highs

 

[Mvic]

Quote from S2007S:

yep corn at a 10 year high.

I do the food shopping and I can tell you food has gone up alot in the last 2 years.

As for medical costs, they will never come down and school, hahah, what a joke that is. The cost of living is going through the roof yet the only thing the average person can do is either get a better job or get a second job to just barely make it in this inflationary environment.

That or they can become traders, buy the free money no risk dips and get rich, its so easy anyone can do it

 

[EqtTrdr]

Quote from Mvic:

That or they can become traders, buy the free money no risk dips and get rich, its so easy anyone can do it

Well if all time record high margin interest is any gauge then they are already doing it $$$$$


FREE MONEY$$

 

[S2007S]

Quote from EqtTrdr:

Well if all time record high margin interest is any gauge then they are already doing it $$$$$


FREE MONEY$$

yea I think your right. All margined out is the only way to go in this massive bull rally.