GDP, FED and Unemployment - Get Ready for another Beat Down - Gyroscopic Investing

GDP, FED and Unemployment - Get Ready for another Beat Down

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buddtholomew: Executive Member; Posts: 2464; Joined: Fri May 21, 2010 4:16 pm

GDP, FED and Unemployment - Get Ready for another Beat Down

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Post by buddtholomew » Wed Jul 30, 2014 9:20 am

Q2 GDP up 4%
FED concludes meeting at 11AM PDT
Unemployment at 6%

I expect to be significantly poorer at the end of today...

"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.

Reub: Executive Member; Posts: 3158; Joined: Fri Jan 21, 2011 5:44 pm

Re: GDP, FED and Unemployment - Get Ready for another Beat Down

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Post by Reub » Wed Jul 30, 2014 10:42 am

LOL. It's only a paper loss.

buddtholomew: Executive Member; Posts: 2464; Joined: Fri May 21, 2010 4:16 pm

Re: GDP, FED and Unemployment - Get Ready for another Beat Down

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Post by buddtholomew » Thu Jul 31, 2014 8:28 am

looks like the wounds will take longer to heal...

"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.

iwealth: Executive Member; Posts: 409; Joined: Thu Apr 26, 2012 5:45 pm

Re: GDP, FED and Unemployment - Get Ready for another Beat Down

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Post by iwealth » Thu Jul 31, 2014 8:38 am

If there's a bright side I guess it's that everybody loses today...except maybe folks w/ cash under their mattress.

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