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Jamie Dimon - Why Would He Say This
Posted on 10/10/22 at 4:08 pm
Posted on 10/10/22 at 4:08 pm
On CNBC, what would motivate him to today say the S&P could drop another 20%?
Ego?
Insider Trading?
Attention Whore?
He does not know, it’s pure speculation. His actions can only hurt people.
Ego?
Insider Trading?
Attention Whore?
He does not know, it’s pure speculation. His actions can only hurt people.
This post was edited on 10/10/22 at 6:22 pm
21
Posted on 10/10/22 at 4:14 pm to Skippy1013
everyone that gets on a major network or social media and says "X" is only if "X" movement benefits them in some way
Posted on 10/10/22 at 4:33 pm to Skippy1013
No, what hurts people are all the sunshine pumpers here who are yelling to buy the dip every time the market drops 2% while the federal reserve said they are crashing the economy to save the dollar.
Posted on 10/10/22 at 4:45 pm to Skippy1013
I'm amazed people still listen to him considering that he personally funneled millions of dollars to Adam Neumann and WeWork.
Posted on 10/10/22 at 5:17 pm to Skippy1013
Bc he’s one person the Fed may listen to and it could make them pause.
Posted on 10/10/22 at 5:19 pm to Skippy1013
Who?
Posted on 10/10/22 at 5:26 pm to I Bleed Garnet
You know, Jamie diamond, the famous Miner who revolutionized the wedding industry.
Not to be confused with Jamie Dimon, an actual person
Not to be confused with Jamie Dimon, an actual person
Posted on 10/10/22 at 5:55 pm to Pendulum
quote:
You know, Jamie diamond, the famous Miner who revolutionized the wedding industry.
Ahhh did not know
Posted on 10/10/22 at 5:56 pm to Skippy1013
I don't know about 20% but I agree we are not at the bottom yet. No momentum to the upside even on up days. Nothing in the near future signaling a change. Prices on goods and services are still going up. Earning are going to look like rotten fruit. Cash is king for a while. More will bail from the stock side of things. Even a shift in the Senate and house won't change anything.
That prediction takes us right at the Covid lows. Think about that for a support level. 2 years of "gains" gone.
Edit The high before the Covid Shut Down was (Week of) 2/10/2020. We got back to that point on 8/10/2020. Climbed to the last high on or about 12/27/2021. Been falling since then. JD comments takes us to about 4/13/2020
That prediction takes us right at the Covid lows. Think about that for a support level. 2 years of "gains" gone.
Edit The high before the Covid Shut Down was (Week of) 2/10/2020. We got back to that point on 8/10/2020. Climbed to the last high on or about 12/27/2021. Been falling since then. JD comments takes us to about 4/13/2020
This post was edited on 10/10/22 at 6:11 pm
Posted on 10/10/22 at 6:49 pm to Skippy1013
The only thing that is hurting people is the government and big banks and media buffoons hiding the looming disaster. Every indicator is that a large contraction is on the near term horizon, starting within months.
Stocks are valued about 35% above a historical trend line. While I don't think they'll regress entirely to that line, 20% is reasonable while 30-40% is possible. There are so many red flags all over that are screaming massive recession but the people in charge benefit from no one acknowledging it so here we are.
Stocks are valued about 35% above a historical trend line. While I don't think they'll regress entirely to that line, 20% is reasonable while 30-40% is possible. There are so many red flags all over that are screaming massive recession but the people in charge benefit from no one acknowledging it so here we are.
Posted on 10/10/22 at 7:06 pm to Thundercles
The S&P dropping back to a 15 pe would be pretty reasonable to me which would be like 17% lower than here. We've had an inflated market for awhile now fueled by cheap money.
Posted on 10/10/22 at 7:25 pm to fallguy_1978
Lots of people I’m seeing are predicting 3200 to 3400 to finish this leg down.
If that happens, and we don’t get back above 3500 level, big pain coming
If that happens, and we don’t get back above 3500 level, big pain coming
Posted on 10/10/22 at 8:48 pm to Skippy1013
But like, the SPY could def drop another 20. shite is about to hit the fan, how can you be so optimistic?
Posted on 10/10/22 at 9:05 pm to j1897
If the fed comes out and says they are doing November hike and then a pause, we will see a rally up through beginning next year.
Then the real shite hits the fan
Job losses (hasn’t happened)
Negative earnings (hasn’t happened)
Slowed state economic activity (hasn’t happened)
Housing market going to shite (starting to see pockets)
Vacation and tourist activity decreasing (hasn’t happened)
Credit card debt soaring (starting to happen)
Politicians starting a war to end a recession (coming soon)
And then people start turning off the YouTube tv, Hulu, nflx, buying used iPhones, very active Facebook marketplace, gardening projects, chickens etc
We got a long way to go.
Also, don’t be shocked we see a bull run to near highs if fed says they are pausing. People will scream soft landing achieved etc.
Until energy prices come down globally, this shite is here to stay for a bit. And democrats like high energy prices.
Then the real shite hits the fan
Job losses (hasn’t happened)
Negative earnings (hasn’t happened)
Slowed state economic activity (hasn’t happened)
Housing market going to shite (starting to see pockets)
Vacation and tourist activity decreasing (hasn’t happened)
Credit card debt soaring (starting to happen)
Politicians starting a war to end a recession (coming soon)
And then people start turning off the YouTube tv, Hulu, nflx, buying used iPhones, very active Facebook marketplace, gardening projects, chickens etc
We got a long way to go.
Also, don’t be shocked we see a bull run to near highs if fed says they are pausing. People will scream soft landing achieved etc.
Until energy prices come down globally, this shite is here to stay for a bit. And democrats like high energy prices.
Posted on 10/10/22 at 9:06 pm to jimjackandjose
I think we see 3100 or so on the S&P as is with no deep recession.
Posted on 10/10/22 at 9:09 pm to fallguy_1978
I looked back at some past recessions and figured how much time a recession set the SP back. I figured we would see late 2016 numbers worst case. If we can rally to new high before the burn down, it’ll be better but ugly
Posted on 10/10/22 at 9:29 pm to Skippy1013
So when it happens he can say, "I told you so."
Were they asking him a question when he said it?
He is the top banker and seems like a straight shooter.
Were they asking him a question when he said it?
He is the top banker and seems like a straight shooter.
Posted on 10/10/22 at 10:15 pm to I Love Bama
The stock market not the economy.
What’s your solution to combat inflation?
What’s your solution to combat inflation?
Posted on 10/10/22 at 10:57 pm to iAmBatman
quote:
What’s your solution to combat inflation?
If I inherited the current situation? I would do exactly what they are doing.
It's the only trick they have left in the bag.
The only reason the USA is the USA is because the dollar is the global reserve currency. We are a third world country if we are unable to print money out of thin air.
Posted on 10/11/22 at 6:24 am to Skippy1013
quote:
Jamie Dimon - Why Would He Say This
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