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7/8: Why does everything look like it’s down 3-5% premarket this morning?

Posted on 7/8/21 at 7:19 am
Posted by Who_Dat_Tiger
Member since Nov 2015
17397 posts
Posted on 7/8/21 at 7:19 am
Looks like my portfolios about to plummet when markets open. Am I the only one or what’s going on?
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 7/8/21 at 7:19 am to
Yep bad across the board
Posted by Sput
Member since Mar 2020
7882 posts
Posted on 7/8/21 at 7:20 am to
You know the market can go down don’t you?
Posted by Who_Dat_Tiger
Member since Nov 2015
17397 posts
Posted on 7/8/21 at 7:22 am to
No shite, but usually there’s a cause when everything’s down like that. Is it that rona again?
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 7/8/21 at 7:23 am to
Too much supply.

Not enough demand.

You know what tomorrow is, right?
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7346 posts
Posted on 7/8/21 at 7:24 am to
The Fed is about to take away the punch bowl.
Posted by Seuqnoc
Lafayette
Member since Jul 2020
562 posts
Posted on 7/8/21 at 7:26 am to
Friday?
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 7/8/21 at 7:27 am to
Aka: Fed ready to Kill the entire fraudulent system.

Their buddies over at the World Economic Forum are going live tomorrow for the next big “virus.” The computer “virus” this time.

“Cyber Polygon”
“Great Reset”
“New Normal”
“Build Back Better”

Posted by Who_Dat_Tiger
Member since Nov 2015
17397 posts
Posted on 7/8/21 at 7:27 am to
quote:

You know what tomorrow is, right?

No. Enlighten me
Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 7/8/21 at 7:28 am to
it’s not that dramatic….I could use a few days of selling pressure so please don’t jinx this
Posted by AndyJ
Member since Jul 2008
2753 posts
Posted on 7/8/21 at 7:29 am to
Covid numbers are trending the wrong way
Posted by StringedInstruments
Member since Oct 2013
18328 posts
Posted on 7/8/21 at 7:29 am to
quote:

Their buddies over at the World Economic Forum are going live tomorrow for the next big “virus.” The computer “virus” this time.



Will everyone have to stay off the internet for two weeks to flatten the curve?

I welcome this computer virus.
Posted by Lgrnwd
Member since Jan 2018
5213 posts
Posted on 7/8/21 at 7:36 am to
Sometimes markets go down simply because they have gone UP too far too fast. But if you need a reason to make you feel better, the financial media will always provide one for you, so just listen to their talking points today.

But that “reason” they give you will only matter until it doesn’t, then markets will go up again when nothing really has changed.
Posted by KCRoyalBlue
Member since Nov 2020
978 posts
Posted on 7/8/21 at 7:56 am to
Unemployment numbers were higher than expected.
Posted by Who_Dat_Tiger
Member since Nov 2015
17397 posts
Posted on 7/8/21 at 8:02 am to
quote:

Lgrnwd
good point
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11792 posts
Posted on 7/8/21 at 8:08 am to
number of bad numbers out:

1st time UE up from last month and quite a bit higher then expectations
COVID numbers on the rise
Inflation fears on the rise

put typical sell off paired with bad news.

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11071 posts
Posted on 7/8/21 at 8:32 am to
quote:

COVID numbers on the rise



This is bullish

quote:

Inflation fears on the rise



You sure?
Posted by jangalang
Member since Dec 2014
36253 posts
Posted on 7/8/21 at 8:34 am to
I don’t understand the yield curve. If inflation was feared why is the 30 year note not rising?

What is the bond market saying?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11071 posts
Posted on 7/8/21 at 8:42 am to




This post was edited on 7/8/21 at 8:52 am
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 7/8/21 at 8:56 am to
Do the inflationistas even know personal loan, credit card and corporate debt defaults bro?!?
This post was edited on 7/8/21 at 8:58 am
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