Didn’t quite make the return you would think..
seemingly worthless pieces of cardboard with shiny prints on them though on the other hand!
source; graded and unloaded a bunch of 25yr old cards on eBay not even a year ago. The Pokemon cardboard market is nuts right now, figured I’d cash out when everything is at ATH for no reason from what I can tell. Nostalgia I guess?
I'll take the miss on meme gains too so I don't feel the pain like I did during the last massive drop. Took 3 years for my retirement to recover from that one. Idk how anyone sees ATH and thinks "let's buy in harder" when you can look around and see the current state of things around you.
You honestly waited to some pretty good buying points for those first dozen or so especially Google which we all know now I bought one f****** contract that's paid me $1,000 a day lately total long call b******* too. But those are nice numbers man That's what I'm trying to be at
If they have been holding out in money markets this long, they certainly aren’t stupid enough to dump into equities at ATH. My guess is that this money is waiting for real estate.
Well, if you look at Wall Street, there’s already way too much cash splashing around (stocks, gold and Bitcoin all ATH at the same time), cheaper credit wouldn’t improve anything.
If you look at Main Street, cheaper credit might help IF cheap labor would still be there and the consumer would be going strong. However, cheaper labor is gone (migrants) and the consumer is slowing down (persistent inflation), so I still don’t see what a 25 or even a 50bp drop would change. This treatment is not adapted to the sickness.
In theory JPow knows this, but that doesn’t mean no cut. He might feel the pressure from the administration and/or would not want to be blamed for breaking Main Street, so we could very well cut even if it’s not the logical choice.