Faulkner sez $5.03. Hahahaha
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Faulkner sez $5.03. Hahahaha
You bet I want a rate hike. I want multiple rate hikes!! I hope she sticks it to everyone.
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The issue with the anti rate hike mentality is purely based on the idea of maintaining an out of control bull market and a desire to retain profits. All that QE and keeping interest rates at low levels has done is provoke the rising of markets. Any rational person will understand that continuing on this path will only cause further damage down the road. I understand that postponing a rate hike may help the markets and we all can become a bit richer, but at what cost?
EDIT: I do clearly understand the economic concepts and underlying global repercussions of raising interest rates, and it is unfortunate that the pressure may very well be too great, forcing interest rate hikes to be postponed which will keep the strength of the dollar in check. I still say the sooner we get on with it the better.
Here is something ironic to chew on.....Anyone who follows BM will know this, not sure any do....but he basically right before earnings called to sell siri based on what he was seeing at the time.
I'm getting sick watching Sirius up .35 from where my crashed buy order was attempted. ðŸ˜
I predict a decent recovery as today's crash is a clear example of how the market will react if the interest rate hike is carried out. From what I have been reading, the general consensus is to postpone the pain with the hope of buying the time needed for the rest of the world to sort out their messes. If it is clear that we are postponing our rate hike for the sake of helping the world economy, then perhaps that will just keep ours in limbo without the chance of damage resulting from perceived underlying weaknesses. I am just hoping that, if this does happen, it's not taken as an opportunity for to continue irresponsibility.
My bet is Yellen will continue with a rate hike and I hope she does. Set a precedent!
@muscle...
Media Stocks Bloodied In Widespread Global Market Selloff
http://deadline.com/2015/08/media-st...-2-1201504220/
I agree +100! But I also think that the pressure that is placed on us to keep the dollar in check to prevent the likelihood of deeper global economic chaos may be too overwhelming. And of course there's the pressure from the markets to maintain any form of stimulus available to keep it pumped up. It's a bloody mess.
DM, I posted an update on Sunday night, great job parsing out statements. I said the Bounce may not materialize. Meaning at all or as expected. Which is why I said look to Asia Sunday night in my initial post. No RRR cut caused panic selling. We ended up getting the full 10%+ correction and then bounced. Did you stay nimble and take advantage of it?
As for SIRI, we all know that was a BS open. I'll wait for the closing numbers on the day the gap closes before I decide to keep or sell my longs.
In the back of my mind, I am kind of hoping that global investors will turn to the US equity markets looking for returns in dividend stocks and other beaten down equities. Wishful thinking though...
The lesson here is being ready for quick sell offs like we experienced today. Imagine getting Apple around 92, SIRI 3.30-3.40, T 30.97, etc... The list goes on. Keep some cash ready in case it happens again. However, something tells me the retail investor was unable to execute any orders because of application failure.