Forever Bull Market

I'm going to predict that Friday's jobs numbers will be absolutely perfect across the board ...numbers will come in just right so get ready for the repeat market behavior as we had last Friday where stocks go up in one straight line!!
 
Nvda

Price predictions


Tonight while everyone is sleeping soundly nvda will gap up like it does every night. Tonight 900. Tomorrow close around 925-935 slowly climb up into Friday morning to 950-960 and should be 1000 by Friday afternoon. If that fails than no worries it will be 1000 by Monday next week!
 
vanzandt said:
I don't care what the experts say, we'll be lucky to see one rate cut this year, if any.

One doesn't need 100's of WS analysts and the however many Fed (governors/banks/researchers/data analysts) assigned to figure this out. Here in the real world, there's too many help wanted signs at the bottom of the employment food chain, and just like toxins in seafood, that works its way up and affects everything.

New car prices are ridiculous, rents and housing prices haven't really budged, insurance costs across the board only go up. And that's the short list. While food and energy might have somewhat stabilized for now, everything else keeps creeping up.

Last Spring when they were all talking about rate cuts in 2024, I said there was no way that would happen. Pretty sure that'll be the case again. If they do cut rates, it'll be for political reasons, but I think Powell has more integrity than that.
More...

Powell Testimony: Fed Won’t Rush Rate Cuts
Follow live coverage of the Fed chair's appearances in the House and Senate.
Last Updated:

March 6, 2024 at 2:20 PM EST

What Happened at the Hearing
Federal Reserve Chairman Jerome Powell told lawmakers that the central bank’s policy-setting committee still isn’t convinced that continued progress toward their 2% inflation objective is “assured,” and that it won’t make sense to cut interest rates until it is confident.

He still expects cuts to come this year.

Powell noted that the inflation situation has “eased notably” over the past year, without any significant spikes in unemployment. The labor market remains “relatively tight” even as surging immigration has made more workers available.

The central bank head's testimony, submitted ahead of his appearance in front of the House Financial Services Committee later this morning, hit the same notes the public has heard from officials in recent weeks following the Federal Open Market Committee’s January meeting.

Powell will testify before the Senate Banking Committee next on Thursday.
 
vanzandt said:
Powell Testimony: Fed Won’t Rush Rate Cuts
Follow live coverage of the Fed chair's appearances in the House and Senate.
Last Updated:

March 6, 2024 at 2:20 PM EST

What Happened at the Hearing
Federal Reserve Chairman Jerome Powell told lawmakers that the central bank’s policy-setting committee still isn’t convinced that continued progress toward their 2% inflation objective is “assured,” and that it won’t make sense to cut interest rates until it is confident.

He still expects cuts to come this year.

Powell noted that the inflation situation has “eased notably” over the past year, without any significant spikes in unemployment. The labor market remains “relatively tight” even as surging immigration has made more workers available.

The central bank head's testimony, submitted ahead of his appearance in front of the House Financial Services Committee later this morning, hit the same notes the public has heard from officials in recent weeks following the Federal Open Market Committee’s January meeting.

Powell will testify before the Senate Banking Committee next on Thursday.
More...


All talk no actuon....

I wish he would cut just to see inflation skyrocket and every fool on wallstreet cry once again why inflation is clawing it's way back.
 
Yep, The drop completely wiped out again. Shocker. This market will never see a meaningful down move ever gain.

NVDA heading to 1 K. Maybe even to 1200 just so it can get the #1 market cap spot. Greed is good.
 
Cpi ....uh ohhhh


Going to be a volatile one ...just an inkling over or even right on the forecast and the markets may have a hard time digesting this news...

They want cuts so desperately but truth is they are not coming anytime soon!!! Keep wishing and hoping though ....
 
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