Rates are crashing and fuel to the moon!

sunflower seeds i can never give up on... ive probably eaten thousands and thousands of pounds of them... playing sports growing up, school, etc... i must eat a pack every couple days out here on the road...

 

Jobs report was good? Why did it tank?

 

When you become a master seed chewer, you can fill one cheek with seeds, crack, eat the seed, and fill the other cheek with the empty shells.

 

Job report was not good.

 

I always look carefully at the source of articles. Very few are written now without an agenda.

There's one by someone at MSNBC just railing about a Republican senator resigning from congress.

And it's written that way half a dozen times throughout said article.

This by someone with a higher education, checked by someone with a higher education.

But it's all good since they will pay for the Fuel Cost Forgiveness Program.

 

When people have jobs they buy stuff and inflation goes up.
OPEC+ gave Biden the finger.
Putin and Biden talk about nuclear Armageddon.
China shuts down another 47 cities.
Europe will go into a depression this winter and America by the spring.

 

CNN said it was because the jobs report was better than expected. So the fed will raise rates again. Supposedly that's why the market tanks. Since debt will get more expensive. But we're not in a recession, is also that logic..... I don't know if the reasoning is correct. But it doesn't matter anyway, since I can't change it and am just a boat floating on the ocean.

 

First two words of your post.....CNN said

Cmon man

 

$5.05 this morning at the Petro in New Paris, OH. With discount.

They closed the restaurant there, IHOP coming soon I know lots of people don't like iron skillet but thought that location was pretty good. Couple of nice ladies working there as well, doubt they will be working at IHOP. The waitstaff will be a bunch of little teenagers, with high-school drama.

 

You have to remember that "financial reporters" don't actually do anything, financially. They just have an opinion, talk to some people until they find someone with the same opinion they can quote, and file an article.

Today, the jobs report was unexpected. There's political news. There's commodity news. All that adds up to is uncertainty, and "the market" HATES uncertainty, so there was a sell off.

"The market" always over reacts, both to the top and to the bottom. Buy low, sell high. When everyone thinks the market is going to drop, it's time to buy. When your barber is advising you to buy stock, sell.