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re: The Crash Will Blow Everyone’s Mind and It Starts Right Now 5/18

Posted on 5/18/22 at 11:25 am to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89753 posts
Posted on 5/18/22 at 11:25 am to
The S&P is down about 20% for the year.

IF (big IF) some good economic news continues to trickle in (even if it is merely "earnings" - in an inflationary cycle, that might not mean a whole lot, but it can be an emotional bolster), this could be, roughly, the bottom (I know, TWSS).

However, without some pause in the increase of fuel prices or other fundamental drift in a positive direction, we could see another 10% or more valuation shed.

The media is going to have to gird its loins to sell good economic news if we do officially hit the criteria for a recession (and, frankly, we might already be there.)

Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 5/18/22 at 11:35 am to
quote:

roughly, the bottom (I know, TWSS).


The Fed will be raising rates for most of the year. Energy is soaring. Just wait till the defaults start to happen. (Look at the revolving credit numbers)

Not likely.
Posted by Odinson
Asgard
Member since Apr 2014
2761 posts
Posted on 5/18/22 at 11:36 am to
Sell in May, go away. I sold in April (still too late), put myself in timeout and will reevaluate in 6 months prior to the holidays.
Posted by Strannix
District 11
Member since Dec 2012
49150 posts
Posted on 5/18/22 at 3:26 pm to
quote:

this could be, roughly, the bottom


Not even close
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26589 posts
Posted on 5/26/22 at 10:54 pm to
quote:

IF (big IF) some good economic news continues to trickle in (even if it is merely "earnings" - in an inflationary cycle, that might not mean a whole lot, but it can be an emotional bolster), this could be, roughly, the bottom (I know, TWSS).


Markets bottom and start their uptrend when news is still doom and gloom.
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