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Reply to "“Big Short” guy sells all his stocks "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]All the right wing nuts are sad because the economy is improving and inflation is mitigating.[/quote] Not endorsing the source in the link but I don't think it's all roses and sunshine. The labor market is still very tight and I don't think inflation is going to recede as quickly as the markets think it will nor do I think the fed is going to be cutting rates early next year, both of which seem to be priced into the market.[/quote] Couldn't disagree more about a future rate cut being priced into the market. It's accepted wisdom now that rates are on their way up for a while to come. Not sure why a "tight labor market" is being spun as a negative thing - low unemployment is good. A correction on Wall Street that doesn't decimate Main Street is fine by me.[/quote] 100% wrong. The markets have priced in the Fed pivot that is *supposed* to come earlier now than was previously expected. PP is correct. NASDAQ doesn't pump 20% for over a month straight without a reason. The reason is that the pivot has been priced into the market.[/quote] The stock market is NOT the economy.[/quote] You are dumb. We are talking about the stock market ITT. The market is forward looking and had priced in a fed pivot. That's why it has pumped for over a month straight. Interest rate cuts have already been priced in. [/quote] I'll assume I got you on a bad day because you seem to be on edge of a major breakdown. Get help. I'll say it again, the stock market is NOT the economy and anyone who believes otherwise is probably a giddy retail investor. [/quote]
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