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jmbar2

(7,515 posts)

8. This is an expected pullback, although made deeper by Elon's last minute ratf*ckery on the CR

Reply to FrankTC (Original post)

Wed Dec 18, 2024, 08:30 PM

Dec 2024

The market is cyclic and has pullbacks on a pretty predictable timeframe. This has been expected by those who follow market cycles.

Another factor is that Powell said the Fed will not be buying crypto. The CryptoBros have been pumping the market with the idea of the Strategic BitCoin Reserve. Powell's statement was a bit of a rug pull for crypto stocks.

Once the shock wears off, it will shoot back up. Then Trump will take credit for it.

Here is a clip from a cycle analyst (see 8 minute mark)

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Frank D. Lincoln

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Highlight:

Stock Market Sending A No-Confidence Signal [View all] FrankTC Dec 2024 OP

A crash The Madcap Dec 2024 #1

Having Trump as president is like being in a body without an immune system... Yavin4 Dec 2024 #13

A 2.5% drop isn't even considered a correction Fiendish Thingy Dec 2024 #2

That's true for the Dow -- other indexes are up at varying rates. But the key point is that this 2.5% comes on top of 9 spooky3 Dec 2024 #6

I'm not worried Fiendish Thingy Dec 2024 #9

The Dow reacts to possible govt shutdown: spooky3 Dec 2024 #12

Ageed The Madcap Dec 2024 #15

Aftermarket is up Turbineguy Dec 2024 #3

Ten of the last eleven recessions B.See Dec 2024 #4

Trump is breeding uncertainty into the market and traders hate that. Tariffs, deportations all affect business ZonkerHarris Dec 2024 #5

I presume that the rise after the election was in anticipation of tax cuts Trekologer Dec 2024 #16

the smartest people don't realize just how utterly stupid Donald Trump actually is in real life. Big Rock dumb. ZonkerHarris Dec 2024 #18

As of now, we're looking at a likely Federal Government shutdown which will last at least a month Wiz Imp Dec 2024 #7

This is an expected pullback, although made deeper by Elon's last minute ratf*ckery on the CR jmbar2 Dec 2024 #8

I'm watching the Australian stock market closely. Aussie105 Dec 2024 #10

Don't you mean Ruble? JMCKUSICK Dec 2024 #11

Your Snarky McSnark-Snark is NOT appreciated! Aussie105 Dec 2024 #14

trump will just fire them all, order interest rates to 0, and say these is no inflation Takket Dec 2024 #17