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Chief
Yes, these fine folks are watching stock market.
Why bother?
It 👏 only 👏 goes 👏 up
No more than usual. What are you seeing that I’m not?
Its a correction, they happen. If you have the cash, its time to buy.
Pro
I’m old enough to remember when stonks went up.
Rising Star
I stopped, nothing makes sense anymore 😂
Eh. So stocks just went on sale for a few days. The indices are still up 70% in the last year. Volatility is a thing but it’s always a thing. Today it’s Powell talking inflation and bind traders betting that inflation will rise and that the economy will get a lot better. I honestly don’t believe that laypeople who watch the markets daily, trade daily, or react emotionally to daily or weekly market movements, belong in the market.
It’s in response to the Fed chairs comments about interest rates being low for a while. It’s an overreaction.
The funny part about this dip is people overreacting to Powell saying the same thing he's been saying for months. Just wait till April when people over react to the year over year inflation.
Chief
It's down 1% today as people cash in on all the record highs we've seen in the Biden era.