- Aug 4, 2000
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Lumber futures were $344 on the 14th, jumped to $451 on the 17th and now falling back through $370
Why?
I sure hope they do.Ok, Im pretty sure the Fed raises again at the next meeting.
I sure hope they do.
Odds say 50-50 of a hike. We'll see if that changes.
The S&P's been trading in a range, and it is getting close to the peak. Good time for Powell to come out on Monday and say the hike is back on.
Honestly what this country needs is rapid deflation to bring prices back to 2019 levels. Unfortunately this will likely not happen.
same thing with house prices, but i don't expect it to happen
almost nobody's going to sell their %2 mortgage house without getting enough money to compensate for a %7 mortgage house of equal value
so prices will probably stay the same for years, and people who bought a house between 2010 and 2020 will just end up much better off than people who didn't
The point here is that, even if the FOMC were stupid enough to make any solid, non-qualified statement about rates, once it does indeed stop, it's very, very unlikely that we'll be going to zero risk free rates. anytime soon.
The AI hype is crazy right now. Bought this little stock that quadrupled in two days. I was shocked.
I took the risk of holding overnight and it paid off big time as stocks like that usually pull back hard the next day so it was risky move since I was already up for the day. Bought at $5 and went to $10 before pulling back to $7 at the close. The next day at premarket it opened at $23!!
I have lost money trying to trade these. One was a garbage company I knew was no good based in Asia. I bought a small amount as a gamble on my way to the dentist in early April. After the appointment the stock was down from where I bought it. Having little patience and weary of a pullback I just got rid of it and went on about my day. I bought at $6.19 and sold at $5.75. OF COURSE after selling the damn thing closes at $10 then winds up at $35 in a week.
So right now these things are very unpredictable but a lot of fast money is chasing them. Be careful though, a lot of the companies are just complete garbage.
I remember an NF deathwatch on a TV related forum back in '10 or '11 or something like that. Stock was in the 50s as I recall. We were trying to figure out how low it would go. That was when there were open calls for the CEO to resign.Netflix taking a beating in after hours.
Missed estimates.
Netflix taking a beating in after hours.
Missed estimates.
What rules would that be? I know they like to keep the retail investor in safe spaces for trading. You have to opt in for things like after-market, pre-market, and options trading.Turned out to be a "prime" buying opportunity for a trade. Too bad my money is all tied up. Also, Fidelity is a not broker for traders. Never seen the rules so strictly enforced, to the extreme, by a factor of 10.