Is everyone in shape to run a 601k? CPI numbers released today show further evidence of cooling inflation. The reason for the stock market run up that started July 06 is now exposed. The Street always knows. Big pop this morning after release of the CPI numbers then it settled back down. Everyone enjoying the egg prices?
I think we can expect some profit taking the next few days. Feels like a good time to take some profit and put it in my pants left front pocket, right next to my balls. That's where I like to put my cash. Always in the front left side pocket.
This Stock market run up means the Street has given implicit approval for another rate hike. Is the Fed almost done? I don't think so. The economy hasn't slowed up enough and has shown it can take more punishment. And inflation is still a ways away from the goal of 2%. Cheers gents, good times! Make hay while the sun shines. This isn't gonna last forever.
Oooooook, be careful. I think it's great you're pulling out some of that profit. The market could go up or down the next month or so. The bottom line is everything will be down by Dec. That's right, Santa won't be coming down the chimney this year. Cali housing is holding up just fine, but that won't last. At least 2 more rate hikes coming as I posted before. And yes, they want those mortgage rates up another point,,, and they will get it.
Btw, I'm saving about 8 bucks a month since eggs went down 50 cents a doz. I'm basically rich now... rich for a guy who has been unemployed for 3 1/2 years. Also- I saw a post from you where you had some great suggestions about saving money. Let me add another. Go to McDonalds and order a quarter ponder. Take it to your table and remove the patty. Return to the counter with the patty- less bun and tell them they forget the meat. Basically a 1/2 price double quarter pounder.... you're welcome