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Message
re: Dow Futures down 300...Nasdaq futures down 200.
Posted on 1/21/22 at 7:45 am to slackster
Posted on 1/21/22 at 7:45 am to slackster
quote:
If it was a house of cards, it was a house of cards he inherited. Had they raised rates in 2021 we’re probably looking at some volatility too, but at least this bout started after being up 27% first.
In a way yes, but immediately starting a war on oil, which drove up prices, which drove up transportation costs, which drove up inflation was fricking stupid. In addition to the mandates.
He owns a good portion of this.
1
Posted on 1/21/22 at 7:48 am to Lsut81
quote:
He owns a good portion of this.
Agree to disagree.
He absolutely sucks, but the broader market is largely independent of the president’s woes.
We watched the Nasdaq fall 20%+ twice under Trump, and he was never blamed for it around here. I’ll give him Covid, obviously, but 2018?
Posted on 1/21/22 at 7:51 am to rocky mountain way
Nasdaq is off 12% from its alltime highs. It’s officially a correction.
Netflix earnings disappointed and it’s getting hammered. other streaming companies will feel some pain.
I’m ignoring advice for any new stocks to add at this point
Netflix earnings disappointed and it’s getting hammered. other streaming companies will feel some pain.
I’m ignoring advice for any new stocks to add at this point
Posted on 1/21/22 at 8:01 am to slackster
quote:
Sure, so they should have cut back earlier. If they do that a year ago, does the market rise 27%?
Fed monetary policy affects inflation, but you're acting like it's the only driver. Actual supply and demand also figures in. Used car prices aren't spiking because of low interest rates. When there's a labor shortage because workers were fired, or are sitting home cashing gov't checks, wages rise and so prices rise. And when you shut-down or slow down production because of COVID fear and/or not enough workers, production declines and prices rise.
Posted on 1/21/22 at 8:13 am to slackster
quote:
Blaming Biden is such a low IQ move.
Eta: I look forward to the discussion of why Biden is to blame for the downturn but had nothing to do with the 27% S&P 500 return in 2021…
You ever heard of Larry Coker?
Posted on 1/21/22 at 8:25 am to rocky mountain way
quote:
rocky mountain way
did you really ask to have your other thread deleted
Charmin soft baw...sad.
Posted on 1/21/22 at 8:38 am to Lsut81
quote:
Aren’t we already in correction territory based off of Wednesday?
Only the NASDAQ is close to a correction. Assuming it closes further down like it was this morning. However, it seems to most people around here diversification is different tech companies.
Dow and S&P500 not so much
Posted on 1/21/22 at 8:42 am to iAmBatman
quote:
did you really ask to have your other thread deleted
Charmin soft baw...sad.
You delicate little Karens were having such a nervous breakdown that I thought I should spare your little feelings.
Posted on 1/21/22 at 8:57 am to rocky mountain way
Please don’t be an alter
Posted on 1/21/22 at 8:59 am to iAmBatman
quote:
did you really ask to have your other thread deleted
Is that what happened to it? How embarrassing.
Posted on 1/21/22 at 8:59 am to slackster
quote:
What specifically can you point to that he’s done to cause the market to go down? I voted for Trump twice, but people that think the Nasdaq in correction territory has jack shite to do with Biden are fricking clueless.
Biden isn’t helping but honestly it’s a broader problem caused by 2 years of Covid hysteria. Not just in the US, but worldwide among developed nations.
1. Shut down the economy for a few months causing disruptions and businesses to close or take on more debt
2. Policies that pay people to not work
3. Printing and spending shite loads of money causing the Fed balance sheet to skyrocket out of control
4. Now due to the above we have labor shortages, supply shortages, supply chain bottlenecks, etc causing massive inflation.
5. To combat inflation we must raise interest rates and taper the money supply. Thus stocks are performing poorly.
A lot more politicians bear the blame than Biden alone. Including Trump to an extent. Govt from all levels from local to state to federal since Covid started has been atrocious. We should have put out information on how to prevent and treat Covid, funded research into vaccines, and that’s it. But no, we decided to jump the shark and now we will pay the price for all those terrible decisions
Posted on 1/21/22 at 9:00 am to TDTOM
quote:
Is that what happened to it? How embarrassing.
yeah he did...I posted in it this morning and now it's gone
Posted on 1/21/22 at 9:17 am to boogiewoogie1978
quote:
You ever heard of Larry Coker?
Like I said, give me the specific policies and what he should have done differently with respect to the stock market…
I’m all for blaming Biden for every misstep, but is it really his fault Netflix growth may be slowing? How about Moderna falling like a rock? Nvidia? Meta? Amazon? Microsoft? Etc, etc.
Posted on 1/21/22 at 9:19 am to slackster
Simple IMO, 1970's inflation. think Carter. If you are not old enough to remember then read about it.
Posted on 1/21/22 at 9:26 am to iron banks
quote:
Simple IMO, 1970's inflation. think Carter. If you are not old enough to remember then read about it.
So what should have been done about it? Fed could have pulled back a year ago, but the market would likely be below where it is now if that were the case.
Posted on 1/21/22 at 9:38 am to slackster
quote:
In no way do the Biden policies help the economy
We were oil and gas independent a year ago. Now Biden begs OPEC to produce more oil directly due to his polices. Energy is a pillar of the economy that affects most things.
Consumer confidence is a big factor. Biden's role reminds me of Carter, but he's worse. As Obama said, "Never underestimate Biden's ability to frick things up." Yeah, general confidence is an important factor. The fundamental stupidity of his Afghan pull-out is enough dampen most people's faith in our leadership.
Dems piling on regulations, taxes and "climate change" with the green new deal from the likes of AOC isn't helping.
Handling of the pandemic shows a clear economic results difference between red states and blue states. Feeding inflation, buying votes and mimicking the economic policies of Venezuela makes a difference.
This post was edited on 1/21/22 at 9:42 am
Posted on 1/21/22 at 9:50 am to molsusports
quote:
If the Fed doesn't raise rates significantly inflation may continue to climb. If they significantly raise rates the housing market and stock market may tank.
If they don't stop the money printing, we'll be right back into stagflation. However, Biden and his Marxist hen handlers seem to think that more free money cures inflation.
Posted on 1/21/22 at 10:03 am to TigerIron
quote:
Fed monetary policy affects inflation, but you're acting like it's the only driver. Actual supply and demand also figures in. Used car prices aren't spiking because of low interest rates. When there's a labor shortage because workers were fired, or are sitting home cashing gov't checks, wages rise and so prices rise. And when you shut-down or slow down production because of COVID fear and/or not enough workers, production declines and prices rise.
As an example of this is the fact that the Amish ignored the government mandates and guidelines. Everyone got covid. Some died and they quickly reached herd immunity. They said they had the best economic year ever.
Unfortunately, covid became heavily entwined in politics and the dems lust for mail-in voting enabling easy fraud.
Posted on 1/21/22 at 10:57 am to Auburn1968
quote:
We were oil and gas independent a year ago. Now Biden begs OPEC to produce more oil directly due to his polices. Energy is a pillar of the economy that affects most things.
, There isn’t a single practical, material thing Biden or the government can do to lower energy prices. You can’t force companies to increase supply if they don’t want to do so.
The US rig count pre pandemic was roughly 800 rigs, then fell to 250 rigs in August of 2020, and now it’s currently 601 rigs. Companies just aren’t going wild like they’ve done in the past.
Posted on 1/21/22 at 11:58 am to Auburn1968
quote:
Amish
I want to hear more about their great economic year
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