There is a gap in GME around $17.40. Markets tend to fill them. Also you can expect FED rate cuts on 18th. This is the final piece that caused recession in 2008. Red October is indeed coming and squeeze in GME and DJT too. Here is good explanation. https://www.youtube.com/watch?v=fz4o8A5RF6g
There is a gap in GME around $17.40. Markets tend to fill them. Also you can expect FED rate cuts on 18th. This is the final piece that caused recession in 2008. Red October is indeed coming and squeeze in GME and DJT too. Here is good explanation. https://www.youtube.com/watch?v=fz4o8A5RF6g
These situations seem completely different to me.
And the FED did not cause the recession.
The end of of the housing bubble in 2006 caused problems that eventually let the mortgage backed securities to tank. The FED was REACTING.
When all the data came they realized the start of the recession began in December 2007.
What is different here isthe Fed raised rates to attack inflation, in the 2007-2009 recession they were attacking large job losses.
Inflation is back down to 2.53%.
This is why they doing a big cut.
Folks were saying they could have cut last time, but they picked the can down the road and this big cut is them playing catchup