Yeah the company Amazon is about as capitalistic as a company could ever be. Itās just the whole Donald Trump/Washington Post thing that makes people stupid about who they are.
I just rolled over a couple of 401ks into an IRA, and so roughly 60% if my retirement portfolio is currently in cash, while I figure out what to do with it. Never has a one-day drop bothered me so little.
It would be nice if older people could actually make safe money on bonds again. And yes, itās all Trumps fault the fed doesnāt think it has to prop up the economy with free federal money any more, bad Trump.
Itās not the growing deficit, trade wars, tariffs, political propaganda against tech, or myriad of other policies associated with the current administrationā¦
Itās ālibs on internet forumsā; what a bunch of idiots.
Okay. Thanks. I knew about the Q3 increase. I just didnāt I understand the argument that a single variable alone would cause this selloff today. But alas, that seemed to be the argument @zantax was going for here.
Yeah they have another rate hike planned before end of year. As to this dropā¦its expected and needed we have been on a long bull run propelled by fed spending and stimulus.
The hangover from it will be gnarly and these big up and down spikes a new normal, IMO.