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Started By
Message
Inflation still hot, headline up .9% MoM, 6.2% YoY
Posted on 11/10/21 at 7:36 am
Posted on 11/10/21 at 7:36 am
Expectations were .6% and 5.9%. Market pretty unaffected so far.
7
Posted on 11/10/21 at 7:38 am to slackster
quote:
Market pretty unaffected so far.
Reason I'm not in finance... I honestly don't understand how the market remains as high as it is with all of the negative information e.g. gas prices, supply chain, inflation, etc...
Posted on 11/10/21 at 7:39 am to slackster
Clearly the people are at fault again 
Posted on 11/10/21 at 7:40 am to Lsut81
quote:
Reason I'm not in finance... I honestly don't understand how the market remains as high as it is with all of the negative information e.g. gas prices, supply chain, inflation, etc...
It’s all relative. What else should you do with cash? Holding it means you’re losing 6.2%, bonds aren’t attractive, so equities are the only option among the traditional options.
Posted on 11/10/21 at 7:45 am to slackster
this boards consensus at start of the year: 1. hold cash, 2. buy gold, 3. buy bonds
brutal performances. sad really
brutal performances. sad really
Posted on 11/10/21 at 7:46 am to slackster
quote:
It’s all relative. What else should you do with cash?
Im not arguing, I just don't understand whats propping it up and when the bottom falls out and all the brokers start taking profits.
Posted on 11/10/21 at 7:52 am to rocket31
quote:
this boards consensus at start of the year: 1. hold cash, 2. buy gold, 3. buy bonds
Was it really?
Maybe the people who thought Biden would collapse the markets I guess.
Posted on 11/10/21 at 7:53 am to Lsut81
quote:
Im not arguing, I just don't understand whats propping it up and when the bottom falls out and all the brokers start taking profits.
Yeah I mean it’s not really the ideal conditions or anything, but money flows to where it’s most efficiently used. The stock market gives people a fighting chance vs the negative real returns of cash and bonds.
Posted on 11/10/21 at 7:57 am to Lsut81
Also, it’s a global economy. Bonds at 1.5% don’t seem very attractive here, but for Japanese investors they make more sense. Chinese PPI came in yesterday north of 13%. It’s hard to go elsewhere.
Posted on 11/10/21 at 8:01 am to slackster
Where else you gonna put your money? I would argue the only three reasonable investments right now are Equities, Real Estate and Crypto.
Posted on 11/10/21 at 8:02 am to slackster
quote:
6.2% YoY
Jesus
There are going to be some fun snippets of all the people throwing out predictions using the word “transitory” back in February
Posted on 11/10/21 at 8:03 am to rocket31
quote:
this boards consensus at start of the year: 1. hold cash, 2. buy gold, 3. buy bonds
brutal performances. sad really
I remember people shilling for bonds. That negative real yield is indeed brutal.
Posted on 11/10/21 at 8:04 am to slackster
quote:
The stock market gives people a fighting chance vs the negative real returns of cash and bonds.
Yeah, I'm just skeptical and am waiting for a crash ala 2008... I've still got my money in the market as I'm 20+yrs from retirement, so can ride the waves.
Just don't understand it.
Posted on 11/10/21 at 8:10 am to Ross
quote:
There are going to be some fun snippets of all the people throwing out predictions using the word “transitory” back in February
I have very little doubt that a good chunk of the inflationary pressures are short term issues, but the longer they last, the more they create longer term inflationary issues.
Posted on 11/10/21 at 8:10 am to Ross
yup. and the downvote ratio on every post that mentioned "Bitcoin" over the last year 
Posted on 11/10/21 at 8:13 am to Lsut81
quote:
I'm just skeptical and am waiting for a crash ala 2008
I’m keeping powder dry for this
Posted on 11/10/21 at 8:56 am to slackster
I feel bad for the people that still hold any material amount of cash.
Posted on 11/10/21 at 8:59 am to TigerTatorTots
Jesus, imagine throwing a major market correction on top of inflation, major supply chain issues, crazy energy prices, etc.
It'd be like when Homer goes downhill skiing and is doing the splits and says "this is the worst pain ever", and then he gets to the moguls.
It'd be like when Homer goes downhill skiing and is doing the splits and says "this is the worst pain ever", and then he gets to the moguls.
Posted on 11/10/21 at 9:02 am to Ross
quote:I wish I had the motivation to go back to the beginning of 2021 finding my posts being concerned about inflation and showing all the responses from the so-called finance guys here brushing it off.
Jesus There are going to be some fun snippets of all the people throwing out predictions using the word “transitory” back in February
Posted on 11/10/21 at 9:11 am to slackster
quote:
Expectations were .6% and 5.9%. Market pretty unaffected so far.
That’s because most in the market knew those expectations were a joke. You miss expectations by 50% then you need to stop setting expectations. People in the real world knew inflation was way hotter than that and it’s also here to stay. Wage grow is necessary in the environment and the way for wage grow is either increase in production or raising prices. Production is not increasing, so prices will be raised. When wages go up they do not go back down. Bosses cannot go in a tell employees now that inflation is under control we are going to cut your salary by 6%. In this market employees hit the door laughing and find another job making as much or more money.
This post was edited on 11/10/21 at 9:16 am
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