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Thread: Dow Jones to hit 30,000 by 5/1/20

  1. #1 Dow Jones to hit 30,000 by 5/1/20 
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  2. #2  
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    i hope
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  3. #3  
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    zero chance
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  4. #4  
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    The U.S. Federal Reserve announced Tuesday an emergency interest rate cut, lowering the target range for federal funds by 50 basis points to a range of 1-1.25 percent. This seems stupid to me, now they have no more moves to make and the market sill dropped 900 points. China's economy is experiencing a severe economic recession which, in a best case scenario, will last at least two quarters. I'm already feeling the disruption in the supply chain, I lost my distributor for kitchen cabinets for my house building company. I am very optimistic about the economy, as long as the republicans hold the white house, but not The Dow 30,000 optimistic.
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  5. #5  
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    Quote Originally Posted by smartmoneyfollower View Post
    The U.S. Federal Reserve announced Tuesday an emergency interest rate cut, lowering the target range for federal funds by 50 basis points to a range of 1-1.25 percent. This seems stupid to me, now they have no more moves to make and the market sill dropped 900 points. China's economy is experiencing a severe economic recession which, in a best case scenario, will last at least two quarters. I'm already feeling the disruption in the supply chain, I lost my distributor for kitchen cabinets for my house building company. I am very optimistic about the economy, as long as the republicans hold the white house, but not The Dow 30,000 optimistic.
    I agree it was a stupid move. The have a pistol with 6 bullets in it. They wasted 3 of them shooting them in the air when the economy should not have had any stimulus. Today they shot a couple more and just made things worse. Basically said Houston we have a problem and threw gas on the fire. Bad move.
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    Quote Originally Posted by RidgewoodRob View Post
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    Yeah you mushed it
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