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Waiting for the housing correction to flood the market with cheap land or foreclosed homes on land so I can buy and build my own place.
originally posted by: FamCore
Economic news from the Fed - interest rate rise is on hold, Fed to begin "normalizing" their largest ever ($4.5 trillion) balance sheet in October. This means they will be selling their US securities and toxic assets they bought up in the 2008 crisis (for which they never had a plan for what to do with it). They will likely sell it off veryyyy slowwllyyy so the markets won't react much, but $4.5 trillion is a lot.. I think the Fed is running out of ammunition.
FOMC Press Conference from today (began at 2:30 PM, still live)
By the way, US trade deficit hit its highest level in 8 years this quarter... link
US National Debt is also at an all-time high usdebtclock.org....
Do YOU think Janet Yellen's jawboning dovishness is warranted? I sure as hell don't. But bankers will be bankers
PS - anyone who is well-versed in the markets, I'd love to hear what you think about the ICE Dollar future index (DXY) - see how it jumped up this afternoon right around the time the FOMX press conference? Is that confidence in the dollar a result of Yellen's (Yellen the Felon) remarks, or something else? Would love to hear your thoughts (check the chart below)
DXY chart (if you are viewing this OP later on you may need to adjust the view to see what the DXY was doing earlier on to see the spike): link
Interesting times ahead - I bet in the fall we see a hefty correction in the overvalued stock market. That's my 2 pretty pennies!edit on 20-9-2017
We are screwed, that's all you need to know about the markets. extra DIV