Gravel
Mr. Poopybutthole
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Was going to make a sarcastic comment that they'd all be red. Never fails. Fucking retarded market.
Market will probably shoot up another 2% by mid next week though.
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- Thread starter Furious
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Market will probably shoot up another 2% by mid next week though.
Sanrith Descartes
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Interesting factoid that may only interest me. AAPL working on its 6th straight red candle today and it will take the plunge protection team to turn that candle green by closing. Its only had one other 6-day losing streak this year and nothing longer. Price is currently about 1.9% above its 200-DMA which for AAPL is a great support line. Earnings are tomorrow. This is a great setup for the continued direction of the market. If they crush earnings its got a lot of room to run upwards and carry the market with it. A miss however, this close to the 200 will be really interesting to watch play out and see if it breaches.
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Tmac
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Sanrith Descartes
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Sanrith Descartes
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Gravel
Mr. Poopybutthole
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I mean, that's not surprising. Cutting dividends is a massive cut to your earnings as an owner. If you're not going to be paid out for the risk of owning it, of course the price is going to collapse.
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Sanrith Descartes
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There is an old adage about dividends getting above a certain percent not being all that good of a long term investment. Anything above 4% should be looked at closely if it isnt T/VZ/CVX/XOM type of companies.
Sanrith Descartes
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Sanrith Descartes
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It’s gonna be interesting, it’s been pressure on ultra cap tech all day but they are also among the best capable of weathering a higher for longer scenario. Banks and smallest companies need the cuts sooner far more so as much as high rates are good for no one I wonder if we continue to see a lift in the mag 7.
You've got to be more cynical than that. Both the numbers and public justifications are massaged together in service of the monetary policy they find necessary. 100% they've got access to and look at the "real" labor numbers we all complain about.
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It’s been their mo for the last two years to club the market back down every time it tries to rip.
Sanrith Descartes
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