Stock market is down

[Joe Flacco]

You can start buying some sectors around SPY $480-$500.

That would be about 20% off highs. When price gets there, we should see the weekly RSI hit around 30.

 

[Joe Flacco]

We got another 10%+/- downside to go.

 

[Joe Flacco]

I’m busy now

Whenever the stock market drops..

… appraisal orders go up.

I’ll check the market in 1.8 years at the midterms… it will be at record highs I’ll bet.

It's because when the stock market drops, investors buy treasuries and push rates down.

 

[Mark K]

I just bought some DOW Chemical. 52 week low, paying 8% dividend. Hard to pass up.

 

[Carnivore]

The Blue Collar Union Factory workers are a big thumbs UP for Trump Just saw it on TV

 

[Mark K]

The Blue Collar Union Factory workers are a big thumbs UP for Trump Just saw it on TV

It may help them but generally, when the unions are happy with some event, that means that consumers will pay more in the long run. As in the current tariff battles.

 

[Essexfenwick]

It may help them but generally, when the unions are happy with some event, that means that consumers will pay more in the long run. As in the current tariff battles.

Maybe our trading partners will cut their tariffs and barriers in half and get them down to Trumps generous levels.

 

[Carnivore]

Well one thing about tariffs is that it supposedly creates good paying jobs and the downside it raises prices. BUT there is another downside. So the downside is these supposed good jobs are going to disappear when AI gets connected to Robotics in three to five years many of the jobs will be gone!
If you think about manufacturing it goes along a conveyor and different workers along that conveyor add parts.

Microsoft AI Copilot told me that the other day. Hmmm it also told me AI will not replace Appraisers anytime soon because the appraiser will still need to inspect the subject Property. BUT WAIT! Isn't that what Harry the Aluminum Can Collector Part Time Property Data report Inspector doing real cheap?

https://www.themortgagenote.org/how-are-fannie-and-freddie-using-AI/

 

[Gobears81]

Maybe our trading partners will cut their tariffs and barriers in half and get them down to Trumps generous levels.

They don't have as much control of that. The issue seems to be trade deficits, as the "reciprocal tariff" calculation was based on 50% of the trade deficit %. Many of these countries are not charging any higher tariff rates than the U.S., and that will show up when some inevitably issue retaliatory tariffs.

 

[Bobby Bucks]

I’m shocked Bitcoin hasn’t dropped farther than it has. Currently $82,750. With Nasdaq, S & P etc dropping so much I had expected it to be in the 70s. Maybe that’s a good sign as a store of value. Not that I want it to drop, but I’ve been partially hoping to see it drop to the 60s to scarf some up like overripe fruit.