Yesterday I said...
I'm told that China's stimulus is partly responsible for the more upbeat outlook today. Based on the overwhelming success (sarcasm) of our stimulus packages so far, I wouldn't exactly go holding my breath that China's economy will bounce back robustly. That could mean investors might soon be selling oil to buy gold again.
They sold oil to buy gold today.
They sold stocks too. Then they sold some more stocks. They followed that up with a round of stock selling. They finished the trading day off by with yet another round of stock selling. Wow.
GLOBAL MARKETS-World stocks tumble on GM, economic fears
NEW YORK, March 5 (Reuters) - World stocks slid hard on Thursday, with U.S. shares tumbling more than 4 percent, as another spate of dire economic news and renewed worries about banks slammed markets and boosted the appeal of safe-haven assets.
I said upside's down
You're churning fees
You're selling stocks defensively
It's down and down you're churning fees
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Defensively you're churning fees
They love that you bleed
They cherish "earning" cash off you
Hastily you decide to flee
You're aware that they're cheating
And no one makes you mad like they do
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Upside's down
Boy, you churn fees
Upside's out
It's down and down
I know you got harmed and it feels
You cannot trust the yields
Those crazy earnings will be fine
As long as optimism can still shine
What can dilution mean to you?
That's the bottom line
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Defensively you're churning fees
They love that you bleed
They cherish "earning" cash off you
Hastily you decide to flee
You're aware that they're cheating
And no one makes you mad like they do
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Upside's down
Boy, you churn fees
Upside's out
It's down and down
Upside's down you're churning fees
You're selling stocks defensively
It's down and down you're churning fees
Hastily you decide to flee
Upside's down you're churning fees
You're selling stocks defensively
It's down and down you're churning fees
Hastily you decide to flee
Upside's down you're churning fees
You're selling stocks defensively
It's down and down you're churning fees
Hastily you decide to flee
Upside's down you're churning fees
You're selling stocks defensively
It's down and down you're churning fees
Hastily you decide to flee
Upside's down you're churning fees
Q4 GDP Tracking: Mid 2% Range
-
Fed Chair Powell, Nov 7, 2024:
"It's actually remarkable how strong the U.S. economy is performing. We're
performing better than all of our global peers. ...
3 hours ago
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