Discussion ***Official*** 2024 Stock Market Thread 💰

[Charmonium]

You may or may not be right - and there's the rub. Such a strange expression, but descriptive.

For example, would there be more or less interest in buying a home if rates are reduced more quickly. On an exam, I'd have to rate that as a freebie - ceteris paribus (economists do love their weasel words heehee).

Of course it's hardly the only relevant parameter, but you get the idea.

 

[biostud]

There is no reason to rush rate cuts. None. But then I argue for none at all. People always want a free lunch.

Yes, there is, you want to avoid recession, and you want people to have jobs. There is absolutely no reason to keep the rates high.

 

[KB]

The market seems to be bewildered with no clear direction at the moment.

The clear direction is up. Baring bad news the markets due tend to go up, as buybacks, 401ks and regular buys keep the markets moving up.

 

[FelixDeCat]

Come on .25 increase! 😀

 

[AdamK47]

.50 decrease

 

[FelixDeCat]

.50 decrease

Boournes!

 

[IronWing]

And my bank cut the rate on CDs by 0.7%, thanks Fed.

 

[Red Squirrel]

Just realized I broke 1k in index funds now, I'm at $1,200. Been trading VUN.TO. Average cost is $99 and currently trading at $102.87. Doing better than regular stocks. *cries in Victoria Gold*

My company ESP has been up and down, but seems to be trending up but it's still low compared to a bit over a year ago. As soon as I get a bit past the break even point I will cash in, I can use the money. I contribute the minimum so I can benefit on company contributions and the money I would have put in before is going towards index funds, and the credit line. I have like 24k on there and it's not going down very fast. Not much money left over once all the bills come out.