re: 6/12 Futures: Nasdaq down 225. Dow Down 330. S&P down 58. Blood in the street tomorrow.

All self inflected by a clueless administration that spent 2 trillion a year after Covid and a Fed that could recognize inflation if it bit them on the arse.

I would not follow the DOW. Start following the S&P500. Much better metric to decide when to buy/sell.

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Nasdaq down 225. Dow Down 330. S&P down 58.

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That's it?

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quote: There is no telling where we bottom, we haven't been in an inflationary rising rate environment like this since the late 70s/early 80s. And yet we survived and thrived.

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The transition from high inflation/low interest to low inflation/high interest absolutely broke loads of farmers during that time due to many being in highly-levered long-term positions buying land and short-term buying inputs. Most every day people didn’t feel the pinch as hard because there wasn’t nearly as much debt utilization back then.

That is not the case now. The amount of debt and leverage being used by people and companies to survive today is outrageous and many don’t even realize the danger they’re in because it’s become so normalized.

A person can’t afford to simply put their head down and keep plodding along without paying attention. That’s how a person gets lead to the slaughterhouse.

Down over 2% at the open.
We’re back in bear market territory for the S&P.

The market isn’t finished sorting out the environment.

Biden isn’t helping with his blame shifting to corporate America and specifically the oil companies. Wall Street doesn’t like that kind of talk

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And yet we survived and thrived. How much is the market up from that time? I’ll keep investing every week until I retire.

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For the long term I agree with you but there are multitudes that don’t have the long term to recover. For those about to (or were about to) enter into retirement or have retired with only their investments as the machine keep them afloat, well they face some ominous decisions. Question is just how long will this bear last. There is no denying there is a convergence of events that is nearly unprecedented. I say nearly as we have been down this similar road many many years ago but most Americans can only read about it and very few alive today saw it first hand. Best of luck to everyone out there we’re going to need it.

Looks like there will be blood on the streets today. Analysts on CNBC have now pivoted to “what’s the bottom”.

Realistically, with the pre and what asia did, so we lose more than 1k in Dow?

Morgan Stanley and another analyst predicting S&P will hit between 3150-3250 for one and 3400 for the former.

Between 13 and 19% from Fridays close.

Link?

Puts on the 20 year treasury at 4.25 popped this morning - up bigly

Someone thinks rates are about to increase in a large way