Dow and S&P have closed at record highs. Mortgage rates are coming down. Gotta

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Sep 19, 2024
3:27:38pm

Nikomedes Dupe Hunter

say, the economy is looking pretty darn good these days!

Yahoo Finance

Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoria

Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-close-at-record-highs-nasdaq-surges-amid-rate-cut-euphoria-200045001.html

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Nikomedes

Bio page: Nikomedes
Joined: Oct 18, 2010
Last login: Nov 9, 2024
Total posts: 24,163 (12,537 FO)

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Messages

Author

Time

Dow and S&P have closed at record highs. Mortgage rates are coming down. Gotta

Nikomedes

Sep 19, 3:27pm

Probably a good time to sell

Chester Copperpot

Sep 19, 3:28pm

Yep. They always cut rates because things are going well.

Niiineteeen84

Sep 19, 3:35pm

I wanted someone to ask Powell if the economy is tanking or are you being

Ycrazy

Sep 19, 3:39pm

Always looks great before it doesn't.

BYU71

Sep 19, 3:42pm

Fed previously said it was holding rates until some economic markers were met. Yet, that doesn’t seem to be why they

BW84

Sep 19, 3:48pm

As I posted earlier earlier, I think the opposite I’m bracing for recession

johnnybyu

Sep 19, 3:58pm

Explain how it's political...

Blueto

Sep 19, 4:05pm

Trump has openly stated that he wants more control over the Fed and he is not a

Ycrazy

Sep 19, 4:07pm

Great idea to have a real estate mogul have more say on fiscal policy / interest

ForzaPuma

Sep 19, 4:19pm

I agree I want the FED as independent as possible, but that was not the question

Ycrazy

Sep 19, 4:29pm

Yes, I acknowledge the tangent

ForzaPuma

Sep 19, 7:36pm

Um... but what about them exclusively raising the rate during this entire

Blueto

Sep 19, 4:44pm

Because inflation was at 9%. You have to still do your job. I am not saying

Ycrazy

Sep 19, 4:55pm

RE: Because inflation was at 9%. You have to still do your job. I am not

Blueto

Sep 19, 5:06pm

Because letting 9% inflation continue would be a good political move?

BW84

Sep 19, 5:08pm

Fun fact: record highs happen very frequently- not a thing

SwanSong

Sep 20, 1:16am

Thanks for posting that

Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoria

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