Dump
I just tax harvested. It's about to go.Towns03 said:Didn't someone post a pic of a plant ground breaking this week?MasonRamsay said:
For all the bag holders like me. It may be a hopium play from here on out lolDelays are the devils elixir. Hey, it’s been a frustrating stock complicated by a terrible environment. Now it’s year end tax loss selling. They have to get to production 2023 or it’s likely gonna fail.
— Disciplined Trading (@oldarmy1) December 14, 2022
CC09LawAg said:
Hah ditto. Took my 30% and bounced!
Powell doesn't speak until 1:30Bob Knights Paper Hands said:
WTF is Powell saying to make the markets so angry. Also I'm a bit short biased, but I feel like I'm rooting for the Philadelphia Eagles or the longhorns.
So now he's taking a **** on the market.Triple_Bagger said:Powell doesn't speak until 1:30Bob Knights Paper Hands said:
WTF is Powell saying to make the markets so angry. Also I'm a bit short biased, but I feel like I'm rooting for the Philadelphia Eagles or the longhorns.
What were you in?BaylorSpineGuy said:
Made about $1000 today. Gonna walk away here. No doubt leaving some meat on my plate but I'd rather not choke. Don't wanna chase.
Am gonna swing VIX calls (VIXperation today), so it may loosen up after today.
I took 3 trades here and won on all of them. Tough trading so will take my win and move along.
Jpow is still speaking....ProgN said:
With Jpow and the fed behind us, a Santa rally could be brewing now.
It was EXACTLY as expected. Maintain hawkish tone while trying hard to sound hopeful so he doesn't grinch up Christmas.Triple_Bagger said:
The only bullish statement from Powell was that future rate hikes will be smaller, but everything is is bad for equities.
Fed expects to move rates above 5% and keep them there until 2024. Powell said they don't want to cut rates prematurely.
Been outside all day dealing with snow. Appears I didn't miss much. That 5% remark,...glad they see it my way. ; - ))Triple_Bagger said:
The only bullish statement from Powell was that future rate hikes will be smaller, but everything is is bad for equities.
Fed expects to move rates above 5% and keep them there until 2024. Powell said they don't want to cut rates prematurely.
Quote:
Once Powell gets to 5.0% / 5.5%, I think that's where the rubber meets the road. I say he can't move higher, or for more than 3 months, then has to cut. He's gotta be +1% over inflation to stop it. I don't think that happens. Powell can't get the rate to 7% or 8% Gov't and Fed needs to let energy markets run....it' will slow the economy on its own. JMO.
Freeport LNG will not be opening this winter. FERC coming up with a new reason to further delay the restart pretty much seals that deal. Suspect the federal regulators have been instructed to keep it shut down.Farmer @ Johnsongrass, TX said:Been outside all day dealing with snow. Appears I didn't miss much. That 5% remark,...glad they see it my way. ; - ))Triple_Bagger said:
The only bullish statement from Powell was that future rate hikes will be smaller, but everything is is bad for equities.
Fed expects to move rates above 5% and keep them there until 2024. Powell said they don't want to cut rates prematurely.
My post down below from 12/12. I'm not omnipotent or clairvoyant. I'm a slow learner with minimal retention. All I know is that the math says the Gov't can't service the debt at 5.5% to 6%, unless Congress cuts Medicare or Social Security. Powell needs +1 interest rate over inflation to stop inflation and he's not going to that level - can't. They (Fed and U.S. Gov't) have to let energy markets run to slow inflation/economy. The Fed used energy as a tool in the past for slowing, but this time the Administration's alignment with Green Energy may render the energy tool useless. Artificial suppression of fossil fuels just to make G7 Price Caps look like they are working. Germany's salvation is Freeport LNG. Germany must have really honked this Administration off for the U.S. Gov't to be so hell-bent on not allowing it to reopen. If Freeport opens this winter, U.S. NatGas goes parabolic. Can't have U.S. NatGas prices rising, can we..?Quote:
Once Powell gets to 5.0% / 5.5%, I think that's where the rubber meets the road. I say he can't move higher, or for more than 3 months, then has to cut. He's gotta be +1% over inflation to stop it. I don't think that happens. Powell can't get the rate to 7% or 8% Gov't and Fed needs to let energy markets run....it' will slow the economy on its own. JMO.
Farmer @ Johnsongrass, TX said:Germany's salvation is Freeport LNG. Germany must have really honked this Administration off for the U.S. Gov't to be so hell-bent on not allowing it to reopen. If Freeport opens this winter, U.S. NatGas goes parabolic. Can't have U.S. NatGas prices rising, can we..?Triple_Bagger said:
The only bullish statement from Powell was that future rate hikes will be smaller, but everything is is bad for equities.
Fed expects to move rates above 5% and keep them there until 2024. Powell said they don't want to cut rates prematurely.Quote:
Once Powell gets to 5.0% / 5.5%, I think that's where the rubber meets the road. I say he can't move higher, or for more than 3 months, then has to cut. He's gotta be +1% over inflation to stop it. I don't think that happens. Powell can't get the rate to 7% or 8% Gov't and Fed needs to let energy markets run....it' will slow the economy on its own. JMO.
Dan Scott said:
They screwed things up bigly. If economic slow down was the goal to tame inflation, they should have let energy run. Rate hikes haven't done squat. Prolonged $150+ oil would have hit aggregate demand quicker than rate hikes. We're going to be in a position next year where energy in high and rates are high. Double whammy. And Trump tax cuts expire 2024 to prepare for.
The market during Trump years was awesome. We had cheap e energy, low taxes, and dovish fed. Next year we have 1 of the 3 pieces
Dan Scott said:
If economic slow down was the goal to tame inflation, they should have let energy run.