Tomorrow is a pivotal day

[Synthaholic]

There is a slow down in the job market.

That's an indication that there may be trouble ahead, not that trouble is here. The Biden Economy is very strong, the strongest in the world.

 

[Synthaholic]

Michael Madowitz, principal economist at the Roosevelt Institute, said the rate cut will be “great news for the middle class.”

“Not only does it underscore the Fed is convinced that inflation is coming under control, it signals the economy has recovered to a faster, sustainable growth trajectory and is ready for further investments in job creation,” Madowitz said Tuesday in comments emailed to The Washington Post. “Lower rates should bring billions more in long-term investments off the sidelines, and create thousands more long-term jobs.”

 

[Andrew_Jackson_FTW]

Well, today was an excellent day on the market. My equities and cryptocurrency are up quite a bit.

Looks like as my investor friend told me we are in the midst of a melt up… a few weeks ago some folks were saying to sell your equities as the market will tank. They said the market will tank in September. I’m glad I did not make the decision to sell my equities.

For most equity owners the past few days have been good news. Many of the losses from around August 8 has been recovered and there’s even a profit in some cases. Not on all of them but most of them. The tech stocks and S&P 500 are doing well. Crypto is doing well.

Critical to keep in mind that many Americans don’t own stocks.

A great stock market Doesn’t always equal a great middle class

 

[Luckyone]

Well, today was an excellent day on the market. My equities and cryptocurrency are up quite a bit.

Looks like as my investor friend told me we are in the midst of a melt up… a few weeks ago some folks were saying to sell your equities as the market will tank. They said the market will tank in September. I’m glad I did not make the decision to sell my equities.

For most equity owners the past few days have been good news. Many of the losses from around August 8 has been recovered and there’s even a profit in some cases. Not on all of them but most of them. The tech stocks and S&P 500 are doing well. Crypto is doing well.

Critical to keep in mind that many Americans don’t own stocks.

A great stock market Doesn’t always equal a great middle class

Today's big up action was a complete surprise, given the action seen yesterday. It is difficult to evaluate what it means but the bulls do have control right now. We will see if today's action will be confirmed tomorrow. All actions that are significant have to be confirmed the following day.