The economy

[St. Louis Hawk]

He and Cramer should have a prediction podcast.

 

[Dadar]

This China technology competition is accelerating.

From Bloomberg

"China’s DeepSeek is planning a massive artificial-intelligence data center in Inner Mongolia, according to people familiar with the matter, an ambitious move in computing infrastructure from the startup that’s shown it can compete with the leading AI models of Silicon Valley. "

 

[RockyMtNole]

So we just need more bad news on the economy to juice the market?

I am so far from an expert but nothing makes even basic sense to me anymore.

 

[baltimorened]

The Dow plunged 1,153 points, suffering its worst single-day crash in over a year. The S&P 500 fell 1.5%. The Nasdaq slid into correction, wiping out over $1 TRILLION in stock market value.

Toxic triple threat causes economic confidence collapse:

• Iran war driving oil prices sky-high

• Trade tariffs crushing household affordability

• Sticky inflation keeping interest rates high despite former Fed Chair Powell's departure

For Trump, who uses the stock market as his personal scorecard, today is a humiliation.

OK I have to admit, all of this is confusing....if yesterday trump was humiliated, does today's rise mean he's vindicated?

 

[fatpiggy]

We are in a 8% to 12% correction that will end after the elections, latter half of November. Be patient.

Elliott Wave

Not happening.

Chart theory is garbage.

 

[fatpiggy]

Micron finished the day up 20% to $890.

Volatility will continue until morale improves.

 

[fatpiggy]

So we just need more bad news on the economy to juice the market?

I am so far from an expert but nothing makes even basic sense to me anymore.

If you read garbage, not much makes sense.

The economy is doing well. The semi sell off was due to the koreans being over leveraged, not because their earnings were bad. In fact it's quite the opposite, the earnings are going to be very strong going into the end of the year.

Despite the doomers on this board, the economy is doing very well. Oil prices are a big factor and could tilt the economy either way. But the average price of a gallon of gas in July was cheaper than a gallon in June. So it will be interestin to see how that pans out.

Expect a tug of war between oil prices, the iran war, interest rates, verse strong corporate earnings, AI growth, and record R&D from the companies.

What doesn't make sense?