$Nasdaq Composite Index (.IXIC.US)$ well this just goes to s...
$Nasdaq Composite Index (.IXIC.US)$ well this just goes to show all these bobblehead idiots on TV that are promoting well we could go into a recession, they're morons for using the word of Grandpa from Willy Wonka and chocolate factory the original one.. they're nincapoops.
we've had GDP go up two months in a row we're at 3% GDP versus 2.8 which were the estimates.
but wait it gets a lot worse here because now you're going to have people coming on TV saying the FED does not need to cut in September they don't need to cut rates at all!
you see that's what somebody with a brain would be saying. you cut rates to stimulate growth well we have now had two consecutive months of growth higher than expected how does that mean we are slowing when growth is accelerating when growth accelerates you risk having inflation again.
I know that may seem overly dramatic but it is the truth you see if you have an economics understanding then you realize you really don't need to cut interest rates at this point.. what will happen to all of the Russell stocks that rallied in anticipation of rate cuts you ask???
look out below.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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