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It looks like traders are already snatching up some of the discounts this little selloff has created. If investors want to bully the Fed into cutting rates, they’re going to need more discipline than that.
I moved my 401k into a money market account back about July 13. I could see this coming. I’d have taken a bath by now. I figure I’ll jump back in around a few weeks from now. Could I be wrong and it goes down further? Yeah. Could it rebound tomorrow, and i miss on gains? Yeah. But just gotta guess and hope you guess right. So far I guessed right.
They will give any excuse that can gin up to return to the days of the Fed basically giving out free money that they can go gamble with. The effects on the broader economy be damned.