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As everyone screams that the world is burning. Make your statement.

Posted on 8/5/24 at 9:17 am
Posted by Dawgfanman
Member since Jun 2015
24865 posts
Posted on 8/5/24 at 9:17 am
Will the major indices finish the year up or down overall.

S&P - up
DJIA - down
Nasdaq - up
Russell - down

This post was edited on 8/5/24 at 9:18 am
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
37850 posts
Posted on 8/5/24 at 9:20 am to
quote:

S&P - down
DJIA - down
Nasdaq - down
Russell - down
Posted by Nole Man
Somewhere In Tennessee!
Member since May 2011
8098 posts
Posted on 8/5/24 at 9:21 am to
Posted by MrSpock
Member since Sep 2015
4829 posts
Posted on 8/5/24 at 9:27 am to
quote:

S&P - up
DJIA - down
Nasdaq - up
Russell - down


S&P - down
DJIA - up
Nasdaq - down
Russell - up
Posted by Boss13
Mobile
Member since Oct 2016
1622 posts
Posted on 8/5/24 at 9:44 am to
Still lots of chicken on this bone. I think we have another 6 months to a year before going conservative.

Inflation drops because of recession fears and people curling into a ball on frivolous spending.

Housing market in a stalemate due to sellers not wanting (not able?) to come down, and buyers not wanting to take on a high mortgage payment.
Posted by GoldenGuy
Member since Oct 2015
12498 posts
Posted on 8/5/24 at 9:48 am to
This is the usual “panic selling” trend, big fund managers rearranging their portfolios on the same day, hoping to get a few people to sell, dropping the price low, then buying it all back a few weeks later when everyone forgot.
Posted by dgnx6
Member since Feb 2006
80139 posts
Posted on 8/5/24 at 9:52 am to
The Kamala crash of 2024

She is pretty much officially the nominee and some polls show her winning.


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This post was edited on 8/5/24 at 10:16 am
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55724 posts
Posted on 8/5/24 at 9:55 am to
quote:

Inflation drops because of recession fears and people curling into a ball on frivolous spending.


I don't think fear will cause that, US consumers have been conditioned into a form of indentured servitude (car loans out to 8-10 years, boat loans to 15, home to 40). Consumer debt creation has beaten the literal frick out of Real GDP since Q4 2021, meaning a lot of the GDP growth since then (if not all) has been due to consumers attempting to offset inflation onto their credit cards simply so they don't have to change their lifestyles (for example: Carnival cruise lines bookings for 2025 are already multiples of what they were for 2024).

The US consumer isn't going to move away from over-utilization of debt until they are forced to due to the consumer debt bubble popping. If that bubble pops, then yes we will see deflation as suddenly Bawpaw's credit card no longer works for neither baby formula nor beer (having to rely on cash instead).
Posted by elposter
Member since Dec 2010
26445 posts
Posted on 8/5/24 at 9:59 am to
SP and Nasdaq both still up around 10% YTD including last week and today's drop. I think they finish up for full year 2024. Probably only single digits though.

Dow up about 3% YTD right now and Russell about flat YTD. Less room for error but I think they will both be flat or up slightly for full year 2024.

Basically I'm assuming we aren't getting any more return for rest of year. Will probably go down more from here and then come back up some.

I don't know shite.
This post was edited on 8/5/24 at 10:00 am
Posted by LSUcam7
FL
Member since Sep 2016
8463 posts
Posted on 8/5/24 at 9:59 am to
S&P - up
DJIA - up
Nasdaq - up
Russell - up
Posted by el Gaucho
He/They
Member since Dec 2010
56983 posts
Posted on 8/5/24 at 10:43 am to
quote:

The US consumer isn't going to move away from over-utilization of debt until they are forced to due to the consumer debt bubble popping. If that bubble pops, then yes we will see deflation as suddenly Bawpaw's credit card no longer works for neither baby formula nor beer (having to rely on cash instead).

Do people actually buy baby formula? The only people having babies get wic
Posted by Big Scrub TX
Member since Dec 2013
37091 posts
Posted on 8/5/24 at 11:38 am to
quote:

Carnival cruise lines bookings for 2025 are already multiples of what they were for 2024
Multiples? As in bookings for 2025 are already MORE than 2X what all 2024 bookings are? Link?
Posted by Big Scrub TX
Member since Dec 2013
37091 posts
Posted on 8/5/24 at 11:39 am to
quote:

S&P - up
DJIA - up
Nasdaq - up
Russell - up
Posted by kaaj24
Dallas
Member since Jan 2010
808 posts
Posted on 8/5/24 at 11:53 am to
Up in all indexes
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55724 posts
Posted on 8/5/24 at 1:50 pm to
quote:

Multiples? As in bookings for 2025 are already MORE than 2X what all 2024 bookings are? Link?


Bah! Making two posts on different topics at the same time.

quote:

The Miami-based company said post-2024 reservations outpace current-year bookings in the quarter, with both new and repeat customers up 10% year-over-year.


quote:

“In the last 3 months, not only did we take more bookings for post-2024 sailings than we did for in-year sailings, we set yet another record for the most future bookings ever taken during the second quarter,” said Josh Weinstein, CEO and president of Carnival Corp.


LINK

Not multiples, but still record-breaking.
Posted by lynxcat
Member since Jan 2008
24744 posts
Posted on 8/5/24 at 1:59 pm to
Up across all. This would be a huge retrench to give back all gains from H1 2024.
Posted by Nonetheless
MAGA
Member since Jan 2012
33978 posts
Posted on 8/6/24 at 1:58 am to
Posted by PUB
New Orleans
Member since Sep 2017
20036 posts
Posted on 8/6/24 at 5:19 am to
That woman is not only ignorant but mentally insane.
Posted by cadillacattack
the ATL
Member since May 2020
7883 posts
Posted on 8/6/24 at 7:03 am to
All down , I'm afraid.

The investment banks are beginning to unload ... they know what is coming. IMO, this is the signal for the next leg down.

Next up: Margin calls

The markets will recover from official correction territory, but can they do it in 4 months? Mebbe with a 2 point rate cut but the risk is that if it goes wrong, the Fed is out of ammo

Be safe out there folks ... the bear could officially arrive as early as this week
This post was edited on 8/6/24 at 7:17 am
Posted by OccamsStubble
Member since Aug 2019
7617 posts
Posted on 8/6/24 at 7:05 am to
quote:

S&P -
DJIA -
Nasdaq -
Russell -


If they all finished the year up 3%, but inflation between now and the end of the year is up 6.5%, would you consider them finishing UP, or DOWN?
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