Black Monday

[LEMON]

“It's a great business to be in, central banking, where you print money and people believe it.”

- Adrian Orr
New Zealand Central Bank

[winner69]

profit taking in markets today

Prices rose more than expected in January as inflation won’t go away

https://www.cnbc.com/2024/02/13/cpi-...t1percent.html

Does profit taking add even more trillions to pile of cash sitting on the sidelines?

[bull....]

Does profit taking add even more trillions to pile of cash sitting on the sidelines?

lol.
add's to the profits of the fish n chip shop

[winner69]

All ok on inflation front in NZ ….reported that the Reserve Bank (RBNZ) will be heartened by new survey results that show business leaders and professional forecasters continue to see inflation tracking down

Business leaders and professional forecasters always get it right

[alokdhir]

Bit of over exuberance getting smashed by REAL data ...6 rate cuts expectations was way over the top ...they should be happy to get even 3 ...base case of most

But USA markets believe in everything BIG ...big up then big down ...so keeps traders happy ...Bull loves it ....he plays both sides of the record ...actually both sides can be enjoyable and have different feel

[Daytr]

I think there is an argument for the US not to lower rates at all. Share markets are on a tear, US economy seems to be holding up well & meanwhile the Fed continues their tapering cycle.

One of the big issues if they don't is it makes US debt more expensive which is not great for US sovereign debt levels.

Just sayin ....

[bull....]

bitcoin only just getting started for the year. yes ETF flows will bring money in, also next bitcoin halving is in 62days.. see price action after the previous 3 halvings, we are at the early stages of the next bull cycle for crypto
https://charts.bitbo.io/halving-progress/

halving just at a time of more demand anyway see today' jump in bitcoin market cap makes it even bigger than berkshire today.
that says something doesnt it more people believe in bitcoin than berkshire

[winner69]

Interesting. Remember Cisco?

[causecelebre]

halving just at a time of more demand anyway see today' jump in bitcoin market cap makes it even bigger than berkshire today.
that says something doesnt it more people believe in bitcoin than berkshire

Ohh controversial NVDA is in an interesting place right now. Retail options traders seemingly are having their puts picked off by the algo's. Try your fundamental analysis on that then

[JBmurc]

Interesting. Remember Cisco?

BEWARE: The Coming, Huge AI Stock Crash.

https://www.youtube.com/watch?v=WzgXb6c7QIk&t=1153s