/biz/ - Business & Finance

>>56903392
I think the majority of /smg/ agrees and has agreed throughout the year that we go to 4800 by EOY.
COme on now, we all knew we would get our Santa Rally. 15/15 times so far. Plus of course banks would get dovish during Christmas. No way in hell anybody gonna be hiking before fuckin Christmas.
In hindsight, it really is simple. Too bad I've had such a bad mindset this year. Too much bad shit happened.

>>55860440
What'cha saying bro? The FED protocol yesterday was more hawkish than anticipated. The ECB also has another hike ready to go. Heh, the hikes don't really matter. What matters it the market sentiment and right now there is a general sell-off mood. Most companies have debt secured in bonds/loans that are maturing 10 years from now, utterly un-affected by the rate hikes.
Not sure how it is here in the EU though where short-term loans are generally more preferred

This is how ((they)) take the wealth from the middle class btw