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Dow Jones down 666. Well that can't be good ! Nasdaq down 300+. Meta down 14 %.

Posted on 4/25/24 at 9:00 am
Posted by Hoozier Daddy
Member since Apr 2024
6 posts
Posted on 4/25/24 at 9:00 am
Hopefully people took advantage of that dead cat bounce a few days ago to do some selling
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
43094 posts
Posted on 4/25/24 at 9:01 am to
Hoping it goes down more because I’ve got some money I’m wanting to buy with soon. All you old tards who voted for this can suck it while I scoop up my own retirement on sale!
Posted by LSURussian
Member since Feb 2005
128374 posts
Posted on 4/25/24 at 9:09 am to
Welcome back, Ghandi. Another alter, I see...
Posted by KennytheTiger
bella vista ar
Member since Apr 2012
285 posts
Posted on 4/25/24 at 9:15 am to
So the marrket has a down day and you think the way people voted is why?

I am mpressed with your financial mind and analysis.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
43094 posts
Posted on 4/25/24 at 9:43 am to
I do believe the main reason for today’s drop is due to the GDP numbers.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52878 posts
Posted on 4/25/24 at 10:02 am to
quote:

I do believe the main reason for today’s drop is due to the GDP numbers.


Agreed. It's easy to deny a shitstorm is coming when there are clear parts in the sky to focus on. GDP dropping so precipitously means more of the sky just got more cloudy for many.



The "dead cat bounce" may well have been Q3 & Q4 of 2023.

My concern is that JPow will try to use the drop as a platform to start actually pushing cuts (as opposed to simply talking about them). Moving to that now would likely just prolong inflation by re-invigorating market optimism (at least until Q2 GDP numbers come out, if they show a continued drop).
Posted by LSURussian
Member since Feb 2005
128374 posts
Posted on 4/25/24 at 10:06 am to
quote:

I do believe the main reason for today’s drop is due to the GDP numbers.
Being a glass half full guy, I look at the GDP drop as the Fed's higher interest rates are starting to get some traction.

We'll have a lag before we see inflation go down but a slowdown in the economy always tampers inflation eventually.
Posted by notiger1997
Metairie
Member since May 2009
59279 posts
Posted on 4/25/24 at 10:31 am to
quote:

Being a glass half full guy, I look at the GDP drop as the Fed's higher interest rates are starting to get some traction.


This. Isn't this what we have all been wanting?
Even sometimes in the past 6 months, bad news ended up looking like good news to the market as that meant there it was more likely the feds may start lowering the rates.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11439 posts
Posted on 4/25/24 at 10:43 am to


Graph includes:
10 year yield
WTI
SOFR

Corporate spreads are falling despite P&L bloodbaths in small caps and deteriorating growth in large caps. I'm not sure there's any real impact outside of the financial sector alla REPO and savers. Long duration rates are tracking tightly with WTI which makes more sense since that's going to impact growth and inflation expectations. I guess there's a strong argument that it has sucked up captial from the private sector which is deflationary.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
73174 posts
Posted on 4/25/24 at 12:34 pm to
Whenever the blue light went off at Kmart, I would leave my cart and run out of the store.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
36988 posts
Posted on 4/25/24 at 1:50 pm to
You’re asking people to bet on the US economy when we don’t even have fair elections. No thank you. My money’s in Bitcoin.
Posted by notiger1997
Metairie
Member since May 2009
59279 posts
Posted on 7/10/24 at 3:15 pm to
Bump
Posted by elposter
Member since Dec 2010
25532 posts
Posted on 7/10/24 at 3:24 pm to
S&P up 19% YTD and 28% last 12 months.

I know I should be looking to hedge at some point but my portfolio is still basically just all in on SP 500 index fund like a simpleton.

Posted by NOSHAU
Member since Feb 2012
12576 posts
Posted on 7/10/24 at 3:31 pm to
quote:

My money’s in Bitcoin.
What are you betting on with that?
Posted by geauxpurple
New Orleans
Member since Jul 2014
13348 posts
Posted on 7/10/24 at 7:18 pm to
quote:

500 index fund like a simpleton
Be happy with those returns instead of trying to outsmart the market along with yourself. I am content to go the no brainer route.
Posted by Big Scrub TX
Member since Dec 2013
34344 posts
Posted on 7/10/24 at 8:15 pm to
quote:

Being a glass half full guy, I look at the GDP drop as the Fed's higher interest rates are starting to get some traction.

We'll have a lag before we see inflation go down but a slowdown in the economy always tampers inflation eventually.
What do you make of the theory that higher rates leads to increased demand due to all the income generated from UST and other fixed income? The claim is that with 7% budget deficits (financed by income-paying UST), we actually have a pretty big built in stimulus as the status quo. So, counter-intuitively, it's LOWER rates that lead to reducing inflation.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
36299 posts
Posted on 7/10/24 at 10:50 pm to
quote:

my portfolio is still basically just all in on SP 500 index fund like a simpleton.


You'll probably do better than 90% of people who diversify into different funds or individual stocks over the long run.


People who get paid A LOT of money to identify value in the market fail to beat the overall market all the time. Why bother?
Posted by KWL85
Member since Mar 2023
1448 posts
Posted on 7/11/24 at 8:10 am to
You’re asking people to bet on the US economy when we don’t even have fair elections. No thank you. My money’s in Bitcoin.
___________

So explain to us how bitcoin is safer than the US economy.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3310 posts
Posted on 7/11/24 at 8:16 am to
quote:

So explain to us how bitcoin is safer than the US economy.
Number go up.
Posted by tigerfoot
Alexandria
Member since Sep 2006
57352 posts
Posted on 7/11/24 at 8:38 am to
quote:

Be happy with those returns instead of trying to outsmart the market along with yourself. I am content to go the no brainer route.
I tried some 'trading' starting about 2 years ago. My idiocy and chasing lightning has lost me about 4 months of retirement considering the loss of the investments and what would have been if I had just pumped it in funds. It was a painful lesson, but a needed one. I dont know enough to be in front, and am much better off letting someone w real knowledge manage my money. Now I did buy in on NVDA and QCOM about 4-5 months back. But I will only buy real proven companies going forward. I still have about 7 stocks in my portfolio sitting at -90 or so percent loss. There is literally zero reason to sell them now. So technically, I still got a shot
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