The S&P 500 will top soon at 2925-2930

[S2007S]

Not forever, but look at the rate cuts in 1995...they worked and created a new bubble. So if we cut in July 2019, that is where we are.


February 1, 1995 6.00
July 6, 1995 5.75
December 19, 1995 5.50
January 31, 1996 5.25
March 25, 1997 5.50
September 29, 1998 5.25
October 15, 1998 5.00
November 17, 1998 4.75
June 30, 1999 5.00
August 24, 1999 5.25
November 16, 1999 5.50
February 2, 2000 5.75
March 21, 2000 6.00

This rate cut talk is insane. This all came about as markets were falling and China/us trade talks were ripping the markets apart. Fear took over and all of the sudden talk of a rare cut blossomed. There is absolutely zero need for a rate cut. Stocks are going absolutely insane,. unemployment at historical lows ..global gdp growth looking at 3%....etc etc etc.
Let's takes rates to zero so wallstreet can rally, that's all this is about. Take rates to zero and let's make the markets rally to infinity. Then when it's time to really take rates lower because of an economic crisis will have no powder left. Oh well. There wasn't much powder to begin with rates at 2.5%. all because you want stocks to move higher, that's all that this is about.

 

[Rickshaw Man]

This rate cut talk is insane. This all came about as markets were falling and China/us trade talks were ripping the markets apart. Fear took over and all of the sudden talk of a rare cut blossomed. There is absolutely zero need for a rate cut. Stocks are going absolutely insane,. unemployment at historical lows ..global gdp growth looking at 3%....etc etc etc.
Let's takes rates to zero so wallstreet can rally, that's all this is about. Take rates to zero and let's make the markets rally to infinity. Then when it's time to really take rates lower because of an economic crisis will have no powder left. Oh well. There wasn't much powder to begin with rates at 2.5%. all because you want stocks to move higher, that's all that this is about.

More QE....If you could create money out of thin air wouldn't you want to loan as much as you can at interest. That's there game. All central banks.

 

[S2007S]

Very very very true


Fed’s Powell is getting ‘Trumped’ by trade, market bull Ed Yardeni says



Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates.

In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy.



https://www.cnbc.com/2019/07/12/feds-powell-is-getting-trumped-by-trade-bull-ed-yardeni-says.html

 

[noddyboy]

This rate cut talk is insane. This all came about as markets were falling and China/us trade talks were ripping the markets apart. Fear took over and all of the sudden talk of a rare cut blossomed. There is absolutely zero need for a rate cut. Stocks are going absolutely insane,. unemployment at historical lows ..global gdp growth looking at 3%....etc etc etc.
Let's takes rates to zero so wallstreet can rally, that's all this is about. Take rates to zero and let's make the markets rally to infinity. Then when it's time to really take rates lower because of an economic crisis will have no powder left. Oh well. There wasn't much powder to begin with rates at 2.5%. all because you want stocks to move higher, that's all that this is about.

How is this different from 1996 though? You can say all those things in 1996.

 

[noddyboy]

More QE....If you could create money out of thin air wouldn't you want to loan as much as you can at interest. That's there game. All central banks.

Without inflation, there is no reason to stop. And look at Japan - inflation might never come.

 

[stan1]

Anyone note that the SPX closed above 3k and is a breakout of the recent high.
Nice to finally have some direction.
See if it holds and then maybe another run up.

 

[ironchef]

Looking for Dow 28000 by next week....earnings from big banks next week will give the markets another free boost. Dow should easily gain 1000+ points ...will be the quickest ever in history to go from one round number to another. 30,000 by August and 34000 by Sept. Should be 40,000 give or take by Halloween and 50,000 by Christmas. The fed will give all the rate cuts wallstreet wants ..he will even throw in more quantitative easing for that extra cherry on top. Keep buying. No such thing as down. Thank Powell for his beautiful testimony and giving wallstreet what it always wants. Because the fed always bows to wallstreet!!!

Zero risk all reward all the time!!!

I thought you were a permanent bear?

 

[Overnight]

I thought you were a permanent bear?

Yeah, what's with that S2007? I'm starting to feel the shorting disease, and now yer bullish? Traitor!

 

[S2007S]

I thought you were a permanent bear?

I am, I was just being playful and putting in my idea of what is going to blossom over the next half of the year.

 

[S2007S]

Yeah, what's with that S2007? I'm starting to feel the shorting disease, and now yer bullish? Traitor!

Never bullish....bearish until the long awaited bear market gets here than maybe I'll side differently but until then I'm roaring away!