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MouthBreather

06/14/22 9:56 AM

#45867 RE: dinogreeves #45865

dont get me wrong, i never thought i could have it easy. I've had long term dividend plays like pfizer, oracle and exxon mobile for years and years but i have northwestern mutual manage that for me. i started my brokerage accounts right before the pandemic so as you could imagine, its been a crazy bumpy ride. not for the faint of heart. i really don't gamble with more than im comfortable losing but that being said, i originally entered with the intentions of making money lol great buying opportunities ahead as long as you can stomach the slow and steady long climb back up...hopefully world issues will resolve to assist things too

meitze

06/14/22 12:05 PM

#45868 RE: dinogreeves #45865

The Fed already sent everyone into panic mode by hinting at the 75 bp hike. The reaction we're seeing is because of Friday's cpi report and Powell's fat mouth. By raising interest rates so much, they are going to effectively end borrowing. Banks will close branches and more people will be out of work. This ridiculous over correction is going to cause more damage to the economy than they realize. It's not going to help inflation as much as it will hurt America. This administration is going to go down as the worst ever. GLTY.

Jimmy Joe

06/14/22 3:59 PM

#45870 RE: dinogreeves #45865

Banks hedge funds taking all they can before judgement day. The market has been proven corrupt, fixed, slanted, rigged, however one wants to put it.
Every single thing is being chopped. Stocks, crypto all being chopped down.

Makes me think there are even more stocks out there naked shorted than many thought. Banks and hedge funds way overextended themselves, and the funny thing is they still continue to short. Let them. Just have to pick your horses and ride with it for now.

They had the control. Whether they will continue to have the control in the near future is anyone's guess. Rate hikes coming may have something to say about that.