Thread: Financial News
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Old October 12, 2018, 08:18 AM
iDumb iDumb is offline
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Join Date: June 18, 2010
Location: NYC
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Posts: 6,391

Not a long lasting turmoil but I don't think it's a minor hiccup either. Market was feeling jittery and this sell off was kind of expected I thought . Problem is 2019 will be rough year with fed rising interest rate . They not gonna slow down (rightly so) . 2018 due to small increase along with other a stimulus like corporate tax cut ..Market escaped shedding from rate hike and it happened in the back . But there are no more pending "stimulus" and I think 2019 will be testing for market with rate hikes ..

I think I lost close to 20 grand this week probably much more ..not even looking ... but I think more pain is to come .

I want rate hike ...I think it's a good thing over long run. this will atleast give CDs /high savings worth a look for investments .. and housing price to ease .
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