US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Poor Richard Saunders said:
Making 100 posts a day doesn't keep JPP alive. Donating money to Damo or clicking the ads keep JPP alive.
If you can't donate just click on 5 ads a day in lieu of making 5 insipid posts.
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I never donate to a corrupt site, Dick. I have more to offer than money. Something you will never understand.
 
Cypress said:
Fed must be factoring in that Trump tariff policies in 2025 would make inflation worse.
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Precisely.
But I believe it's also a selloff that we see every year end. That's when CEOs dump shares that were held for 1 year and 1 day in order to only pay long term cap. gains. A lot of people take their profits after inflated share price offers them a great opportunity to rake in earnings.

It always bounces back, as bums like myself and millions of others take advantage of buying opportunities.
 
Walt said:
First of all, it is not "high school ROTC", it is JROTC. There are some anti-ROTC stuff in college, but very little anti-JROTC in high school. You really notice the age difference there, so the whole world is not laughing at them.

JROTC helps getting a place in a good ROTC program, but very quickly after that becomes unimportant. I would not call saying you were in JROTC "stolen valor", and am unsure why you are so crazy about it.


No, I was in JROTC. There is no such thing as "high school ROTC." To be in ROTC, you must be 18 years old, and in college(not high school). That was almost 40 years ago, so has little bearing on my current life.

Why do you hate JROTC so much?
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Probably Kent State.
 
Walt said:
At the very least, there is uncertainty for 2025. The Fed must factor that in, and pull back on the rate decreases.

We know that trump is demanding that the Fed ignore inflation, and instead go all in on big growth numbers, which they cannot do. trump is threatening a constitutional crisis if he does not get his way. So investors need to take that into account.
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Yes. The Market knows that trump will install a lackey as Fed. chief and will once again demand near zero interest rates. Even though such a thing is not legal nor common.

Whereas that would normally make investors happy, for once they must be thinking long term.
 
TOP said:
If we have such a strong economy, why are so very people struggling?
It's odd that you comment on the personal failures of others when in actuality you know nothing about them...Why is that?
You praise others with the same kind of ignorance...Why is that?
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Struggling?

Yes, Black Friday 2024 broke records with $10.8 billion in online sales, a 10.2% increase from the previous year. This was the biggest Black Friday ever for online sales.
 
Althea said:
Struggling?

Yes, Black Friday 2024 broke records with $10.8 billion in online sales, a 10.2% increase from the previous year. This was the biggest Black Friday ever for online sales.
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And? Lots and lots of people still struggling... Thankfully things will begin to improve...very soon...;)
 
TOP said:
And? Lots and lots of people still struggling... Thankfully things will begin to improve...very soon...;)
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Couldn't afford gas or eggs on Nov. 4

Broke spending records for Black Friday.

It doesn't add up.

I just bought prime rib for the holidays for $5.99/lb. I'm going to stock up. Why buy eggs?
 
Hawks and doves don't necessarily break down along traditional partisan lines. LBJ bullied and darn near physically attacked Fed Chairman Martin at his (LBJ's) ranch over (lowering) rates. Arthur Burns lowered rates for Nixon and his legacy is one of a failure as he wasn't willing to go to the necessary lengths to fight inflation (which is why it was so interesting to see the NY Times and liberals start talking about Burns last year and trying to rehabilitate his legacy in hopes Powell would stop raising rates).

Will Trump replace Powell in 2026 with someone who will automatically lower rates? It was Trump who appointed Powell in the first place so no guarantee that will be the case.
 
cawacko said:
Will Trump replace Powell in 2026 with someone who will automatically lower rates? It was Trump who appointed Powell in the first place so no guarantee that will be the case.
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Will trump replace Powell in 2025? There is a constitutional crisis brewing, in the worst possible place for the economy.
 
Althea said:
Couldn't afford gas or eggs on Nov. 4

Broke spending records for Black Friday.

It doesn't add up.

I just bought prime rib for the holidays for $5.99/lb. I'm going to stock up. Why buy eggs?
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It's because they were lying like they always do. Remember when they were crying about gas prices then turn around and bought $400 trump shoes and $$$ in flags for the backs of the trucks etc?
 
Althea said:
Probably Kent State.
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In fairness, the only ROTC person involved in Kent State was one of the victims. The perpetrators were National Guardsmen, not in college. In fact, the reason they were in the National Guard is they could not get a college deferment from the draft.

William Knox Schroeder had volunteered for the US Army, and was in ROTC. He was getting his college education at Kent State University, with an emphasis on learning Vietnamese so he could serve in Vietnam. He was walking between classes when the National Guard opened up firing on students, and he was shot. He was 382 feet away from the nearest National Guardsman.

Sometimes life is like that.
 
Althea said:
Yes. The Market knows that trump will install a lackey as Fed. chief and will once again demand near zero interest rates. Even though such a thing is not legal nor common.

Whereas that would normally make investors happy, for once they must be thinking long term.
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The problem is "free money" is going to lead to inflation, and a bad recession. We all know it, but trump will do it anyway.
 
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