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  • Re: Watching CNBC Stock market this AM

    From ScottW@21:1/5 to All on Wed May 10 18:54:14 2023
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109 wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant to analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't paying any attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation or Debt ceiling being the bigger
    economic issue right now?

    But just so you know.....anticipation of a major move by the fed to raise rates can put a damper on
    bond sales at current rates.
    Who really wants to see the market value of the bond they just bought take a shit?

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu May 11 10:13:14 2023
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109 wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant to
    analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't paying any
    attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation or Debt
    ceiling being the bigger economic issue right now?

    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important
    problem, behind government leadership and the “economy in general” and
    just ahead of immigration and guns. It has barely come up in
    Washington’s fight over raising the debt ceiling."

    But just so you know.....anticipation of a major move by the fed to
    raise rates can put a damper on bond sales at current rates. Who
    really wants to see the market value of the bond they just bought
    take a shit?

    People interested in the guaranteed return?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Thu May 11 16:25:34 2023
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109 wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109 wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant to
    analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't paying any
    attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation or Debt ceiling being the bigger economic issue right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important problem, behind government leadership and the “economy in general”

    Well that's one way to split the vote.....
    "Economy in general vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such a poll?

    and
    just ahead of immigration and guns. It has barely come up in
    Washington’s fight over raising the debt ceiling."
    But just so you know.....anticipation of a major move by the fed to
    raise rates can put a damper on bond sales at current rates. Who
    really wants to see the market value of the bond they just bought
    take a shit?
    People interested in the guaranteed return?

    Most bonds aren't bought by individuals, they're bought by institutions who have to mark them to market valuation on their books. Makes it hard
    for banks to be involved.
    It even shows in my portfolio where I intend to hold 'em to maturity as you note,
    but it still sucks to see my account values taking a hit.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu May 11 18:42:47 2023
    On 5/11/23 6:25 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109 wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109 wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant to
    analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't paying any
    attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation or Debt
    ceiling being the bigger economic issue right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important
    problem, behind government leadership and the “economy in general”

    Well that's one way to split the vote.....
    "Economy in general vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such a poll?

    Those Gallup pollsters, amirite? I have doubts whether you looked at the
    poll questions...

    Yep, it was an open question: What do you think is the most important
    problem facing the country today?

    Not a multiple choice.

    and
    just ahead of immigration and guns. It has barely come up in
    Washington’s fight over raising the debt ceiling."
    But just so you know.....anticipation of a major move by the fed to
    raise rates can put a damper on bond sales at current rates. Who
    really wants to see the market value of the bond they just bought
    take a shit?
    People interested in the guaranteed return?

    Most bonds aren't bought by individuals, they're bought by institutions who have to mark them to market valuation on their books. Makes it hard
    for banks to be involved.

    So you know who?

    It even shows in my portfolio where I intend to hold 'em to maturity as you note,
    but it still sucks to see my account values taking a hit.

    Blame McCarthy.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Thu May 11 17:28:12 2023
    On Thursday, May 11, 2023 at 4:43:58 PM UTC-7, mINE109 wrote:
    On 5/11/23 6:25 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109 wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109 wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant to
    analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't paying any
    attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation or Debt
    ceiling being the bigger economic issue right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important
    problem, behind government leadership and the “economy in general”

    Well that's one way to split the vote.....
    "Economy in general vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such a poll?
    Those Gallup pollsters, amirite? I have doubts whether you looked at the poll questions...

    My mistake, I took your word for it.



    Yep, it was an open question: What do you think is the most important problem facing the country today?

    So the % response is even more meaningless. Leave it to you to find a way to be even more meaningless than a flawed poll.

    (snip the moronic blame on interest rates...I can only deal with so much stupidity in one post)

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Fri May 12 08:00:23 2023
    On 5/11/23 7:28 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 4:43:58 PM UTC-7, mINE109 wrote:
    On 5/11/23 6:25 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109 wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109
    wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant
    to analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't
    paying any attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation
    or Debt ceiling being the bigger economic issue right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important
    problem, behind government leadership and the “economy in general”

    Well that's one way to split the vote..... "Economy in general
    vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such a
    poll?
    Those Gallup pollsters, amirite? I have doubts whether you looked
    at the poll questions...

    My mistake, I took your word for it.

    My word? It's a quote from the WSJ.

    Yep, it was an open question: What do you think is the most
    important problem facing the country today?

    So the % response is even more meaningless. Leave it to you to find
    a way to be even more meaningless than a flawed poll.

    Except it's not a flawed poll. Gallup has been running the same poll for
    years.

    Meanwhile, the inflation situation is improving.

    https://fortune.com/2023/05/10/inflation-fed-interest-rate-hikes-jerome-powell/

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Fri May 12 11:21:41 2023
    On Friday, May 12, 2023 at 6:02:46 AM UTC-7, mINE109 wrote:
    On 5/11/23 7:28 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 4:43:58 PM UTC-7, mINE109 wrote:
    On 5/11/23 6:25 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109 wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109
    wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more relevant
    to analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't
    paying any attention to it.
    Just yesterday you were claiming chaos on the bond market.

    And this has what to do with Wall Streets view of Inflation
    or Debt ceiling being the bigger economic issue right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx

    "Just 9% of Gallup respondents now call inflation the most important >>>> problem, behind government leadership and the “economy in general” >>>
    Well that's one way to split the vote..... "Economy in general
    vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such a
    poll?
    Those Gallup pollsters, amirite? I have doubts whether you looked
    at the poll questions...

    My mistake, I took your word for it.
    My word? It's a quote from the WSJ.
    Yep, it was an open question: What do you think is the most
    important problem facing the country today?

    So the % response is even more meaningless. Leave it to you to find
    a way to be even more meaningless than a flawed poll.
    Except it's not a flawed poll. Gallup has been running the same poll for years.

    I agree, it's really all you and your interpretation of the results.

    Meanwhile, the inflation situation is improving.

    https://fortune.com/2023/05/10/inflation-fed-interest-rate-hikes-jerome-powell/

    Rates will remain high and with new lending standards your access to credit is declined.

    We're in a way shittier place and Stephen is happy things aren't going to get even shittier soon.
    Unless Joe gets reelected.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Fri May 12 13:50:06 2023
    On 5/12/23 1:21 PM, ScottW wrote:
    On Friday, May 12, 2023 at 6:02:46 AM UTC-7, mINE109 wrote:
    On 5/11/23 7:28 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 4:43:58 PM UTC-7, mINE109 wrote:
    On 5/11/23 6:25 PM, ScottW wrote:
    On Thursday, May 11, 2023 at 8:14:26 AM UTC-7, mINE109
    wrote:
    On 5/10/23 8:54 PM, ScottW wrote:
    On Wednesday, May 10, 2023 at 6:04:01 AM UTC-7, mINE109
    wrote:
    On 5/9/23 5:30 PM, ScottW wrote:
    The question was....what upcoming issue is more
    relevant to analysts for the economy?

    Inflation report or Debt ceiling.

    Nearly unanimous....Inflation report.

    Debt ceiling is chicken little talk. Markets aren't
    paying any attention to it.
    Just yesterday you were claiming chaos on the bond
    market.

    And this has what to do with Wall Streets view of
    Inflation or Debt ceiling being the bigger economic issue
    right now?
    They're both markets. And:

    https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f?st=gk6vzfiukbwz9gx



    "Just 9% of Gallup respondents now call inflation the most important
    problem, behind government leadership and the “economy in
    general”

    Well that's one way to split the vote..... "Economy in
    general vs specifically inflation.

    How stupid do you have to be to fail to see the flaw in such
    a poll?
    Those Gallup pollsters, amirite? I have doubts whether you
    looked at the poll questions...

    My mistake, I took your word for it.
    My word? It's a quote from the WSJ.
    Yep, it was an open question: What do you think is the most
    important problem facing the country today?

    So the % response is even more meaningless. Leave it to you to
    find a way to be even more meaningless than a flawed poll.
    Except it's not a flawed poll. Gallup has been running the same
    poll for years.

    I agree, it's really all you and your interpretation of the results.

    I haven't interpreted anything except to juxtapose the poll of normal
    people with your claims of market disruption.

    Meanwhile, the inflation situation is improving.

    https://fortune.com/2023/05/10/inflation-fed-interest-rate-hikes-jerome-powell/


    Rates will remain high and with new lending standards your access to
    credit is declined.

    The Fed is so specific these days. Is that like a financial bill of
    attainder? If my credit rating's too low, there won't be much lending at
    all.

    We're in a way shittier place and Stephen is happy things aren't
    going to get even shittier soon. Unless Joe gets reelected.

    Things are actually doing okay, what with historically low unemployment,
    wage growth and a slowing market without a recession.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)