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Started By
Message
Pre Market down 400+ after 1100pt loss yesterday
Posted on 5/19/22 at 5:05 am
Posted on 5/19/22 at 5:05 am
Gas hit another high this morning…. Feels like the cards are tumbling
Do we get a dead cat bounce today or is it happening?
Do we get a dead cat bounce today or is it happening?
9
Posted on 5/19/22 at 5:11 am to Lsut81
I think it’s going to be “happening” over the next few months. Not a drop like we saw during Covid but a slow and steady drop.
The drop in sales from Amazon, Walmart, and Target make sense of you think about it.
I’m very blessed to have a great job. Most people out there are now having to make some financial cuts due to the increased costs of fuel and food. (Necessities)
What are some of the higher end luxury items which will be falling in value soon? Boats. ATVs. Camps. Condos.
The drop in sales from Amazon, Walmart, and Target make sense of you think about it.
I’m very blessed to have a great job. Most people out there are now having to make some financial cuts due to the increased costs of fuel and food. (Necessities)
What are some of the higher end luxury items which will be falling in value soon? Boats. ATVs. Camps. Condos.
Posted on 5/19/22 at 5:24 am to Lsut81
Dead cats are for Friday to save face through the weekend.
Sit back and enjoy the red.
Sit back and enjoy the red.
Posted on 5/19/22 at 5:36 am to thegreatboudini
the only thing i'm buying a little of are the great Div stocks on discount. The big money is now sitting on the sidelines waiting to see how inflation will play out. I can see down more a few thousand and then sideways maybe until the end of the year or Until some good news on inflation front.
Cruises , trips etc... stocks like the cruise lines, Airlines,Expedia, ABNB will be hit.
quote:
What are some of the higher end luxury items which will be falling in value soon? Boats. ATVs. Camps. Condos.
Cruises , trips etc... stocks like the cruise lines, Airlines,Expedia, ABNB will be hit.
This post was edited on 5/19/22 at 5:39 am
Posted on 5/19/22 at 6:04 am to FLObserver
quote:
Cruises , trips etc...
Agree, and airlines are prob in for some rough times again. Flight costs are out of control right now. Up 33% YOY
Posted on 5/19/22 at 6:34 am to Lsut81
This is going to be a bloodbath
You only hope midterms will save this
You only hope midterms will save this
Posted on 5/19/22 at 6:38 am to Lsut81
Moving averages are turning down quickly, this movement appears to be accelerating and the dead cat bounces aren’t bouncing as high. Long way to go down potentially
Posted on 5/19/22 at 6:40 am to Upperdecker
I think we're closer to the bottom than others may think.
Posted on 5/19/22 at 7:00 am to LSUmajek
i hope we are close. i flew early this week into Charlotte, airport and planes were packed.
I think its companies who have to catchup on cutting cost and raising prices and haven't.
I think its companies who have to catchup on cutting cost and raising prices and haven't.
Posted on 5/19/22 at 7:03 am to Lsut81
It’s the market trying to find it’s floor
Watch volume on up days relative to the down days
If it’s light then I think we have more drops ahead
Watch volume on up days relative to the down days
If it’s light then I think we have more drops ahead
This post was edited on 5/19/22 at 7:35 am
Posted on 5/19/22 at 7:12 am to Lsut81
So anyone want to call the bottomfor the DOW?
28K 27K...?
28K 27K...?
Posted on 5/19/22 at 7:18 am to Reubaltaich
Preliminary guess was 28ish but this isn’t a normal market correction. Ask again when the VIX hits 50+
Posted on 5/19/22 at 7:32 am to I Bleed Garnet
quote:
You only hope midterms will save this
I don't see how this is really political. Everything has been injected with cheap money for a decade, ending with 2 insane stimulus packages due to Covid. Hell, we're likely only feeling the Trump money injections or are just starting to feel the Biden one.
There are some minor regulatory moves that can be made, but the fundamentals have been off since the 2009 crash and we've artificially popped up the economy and pretended it was on fire. Let's assume the GOP takes over. What can they do? They can't lower interest rates or else inflation will blow up. They can't enact a debt-spending program for the same reasons.
Posted on 5/19/22 at 7:33 am to sawtooth
quote:
What are some of the higher end luxury items which will be falling in value soon? Boats. ATVs. Camps. Condos.
I know someone in the RV industry (Elkart, IN) and they said a couple of the large manufacturers are shutting down in July and already scaled back to 4 days a week of production. I guess dealers have been canceling orders. Usually the RV industry is the first to see the downturn. We bought a camper in early 2021 for $25k. That same exact unit is on dealer sites for $40k+....that and $4.50 gas, it's not that surprising to hear about canceled orders.
Posted on 5/19/22 at 7:59 am to Lsut81
Weakness. Relief rally off the 05/12 short term capitulation low of 3855.00 in the spoos seems to be over. Hopefully another leg down.
I'm anticipating an eventual opportunity to get my kids into the market. Give them a chance to build some wealth.
ETA: I've been in cash (for long term trading) for quite a while...
I'm anticipating an eventual opportunity to get my kids into the market. Give them a chance to build some wealth.
ETA: I've been in cash (for long term trading) for quite a while...
This post was edited on 5/19/22 at 10:20 am
Posted on 5/19/22 at 8:04 am to MNCTigah
Interested to see if the vehicle market, specifically trucks and SUVs will cool off
Posted on 5/19/22 at 8:06 am to Lsut81
i think we've got a ways to go. this entire thing is built on the back of the fed. can't safely call a bottom until their positioning changes to "we've done enough"
Posted on 5/19/22 at 8:17 am to Squidbaggins32
Yeah. The rally was weak. Mechanical levels. Mostly retail and some short squeezing.
This post was edited on 5/19/22 at 8:24 am
Posted on 5/19/22 at 8:19 am to I Bleed Garnet
quote:
I Bleed Garnet
Mr. Weeping Vagina is once again here to tell us how scary all this is.
Posted on 5/19/22 at 8:37 am to iAmBatman
quote:
Mr. Weeping Vagina
Why do you always call people names?
Doesn’t really help out your case, unlike SFPs response
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