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Started By
Message
re: Dow futures down 500pts
Posted on 5/9/22 at 7:44 am to slackster
Posted on 5/9/22 at 7:44 am to slackster
quote:
I’m enjoying the negativity, particularly the “this is just the beginning” without any context or reasoning.
I remember you saying that everything was baked into the announcement...
Remember?
The truth is that nobody wants to see the market bleed like it has been. It's opportunity, but nobody wants to see their portfolio crash like IT IS. Acknowledging it isn't a bad thing. It's simply stating facts.
In fact, stating facts is not a bad thing. They are just details. Here is one for you. WE ARE IN A RECESSION AND BEAR MARKET.
6
Posted on 5/9/22 at 7:46 am to Jjdoc
quote:
WE ARE IN A RECESSION AND BEAR MARKET.
But hey, no mean tweets!
Posted on 5/9/22 at 7:51 am to Jjdoc
quote:
WE ARE IN A RECESSION AND BEAR MARKET.
Actually we aren’t in a generally defined recession. Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.
Bear markets are defined as 20% or more declines from highs. Nasdaq meets that standard
This post was edited on 5/9/22 at 10:54 am
Posted on 5/9/22 at 7:59 am to Jjdoc
quote:
WE ARE IN A RECESSION AND BEAR MARKET.
Except we aren't by the generally recognized definitions. We may end up there but we are not...YET.
quote:
In fact, stating facts is not a bad thing.
I think the issue is that people aren't stating facts. They are presenting their opinions without any context or support. How do all these posters know this is merely the beginning? How do you know what is and is not already factored into the current market pricing? Did all these posters call the bottom in March 2020? Did they call the bottom in December 2018? Did they call the bottom in early 2009?
You claim you are stating fact when in reality you specifically said we are in a recession and a bear market which by the most commonly agreed upon definitions we are not (yet).
My main point would be what constructive discourse has any of the posters in this thread provided yet?
Posted on 5/9/22 at 8:42 am to Jjdoc
quote:
remember you saying that everything was baked into the announcement... Remember?
It was, and then Powell took .75% off the table and rates ballooned once people digested it. The initial announcement didn’t cause much of a blip at all - .50 was baked in. Are you trying to suggest otherwise?
Posted on 5/9/22 at 8:44 am to Jjdoc
quote:
In fact, stating facts is not a bad thing. They are just details. Here is one for you. WE ARE IN A RECESSION AND BEAR MARKET.
Says stating facts is a good thing.
Proceeds to sell speculation as fact in the same paragraph.
Peak jjdoc.
This post was edited on 5/9/22 at 8:44 am
Posted on 5/9/22 at 11:26 pm to Jjdoc
Technically correction territory.
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