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re: Is October when the bottom falls out of the market?

Posted on 10/16/22 at 4:09 pm to
Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/16/22 at 4:09 pm to
My ACTUAL predictions and not "what ifs" (so Bard can absolutely shite himself and bilge out an entire page of text and gifs when I'm wrong):

1. Fed .75 Nov. 2nd as long as financial markets hold up reasonably well between now and then. Potential for a .5 surprise but I think they handle that as follows:

2. This ones a big deal. Powell will officially telegraph a slowdown in hikes after Nov 2nd meeting aka no more .75s regardless of data. Fedspeak has already been hinting at this. Once markets can relax about high inflation (lagging readings) not causing .75 reactions, we will get some dollar weakness and stock strength.

3. Dow 32,000 or more within a month.

4. Usd/Cad 1.36 or less within a month. (Currently 1.39 and rising fast.)

5. Fed .5 in December

*when 4&5 happen depends on if markets run with the hints or wait to outright be told Nov 2nd.


Bard,
These are predictions. I'd ask for yours, but after seeing you fumble frick all over yourself intraday, I could not care less.


This post was edited on 10/16/22 at 4:41 pm
Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/16/22 at 7:01 pm to
**meant to say when 3 and 4 happen...
Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/17/22 at 1:28 pm to
quote:

Bard

quote:

thus why we aren't seeing the Dow being up "1000s" now, nor will it be for the rest of the year. 


Well that lasted a whole 2 business days. Good job.

:Dave Chappelle crackhead gif:
Got any more of them Pro Tips?




Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 10/17/22 at 7:31 pm to
quote:

We have definitely reached "peak inflation" for now because of the YOY run up. Demand falling off a cliff already all over the place


Have you considered the continued supply chain issues? Inflation isn’t just being driven by demand.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57894 posts
Posted on 10/18/22 at 9:23 pm to
quote:

Got any more of them Pro Tips?


No, I'm quite enjoying watching your tantrum, please continue. It's not every day that I trigger a preening peacock so badly that they make multiple posts about me.

I can't wait for the next one.
Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/19/22 at 8:28 am to
If you want to see triggered, go re-read that full blown psychotic break you had on page 3. The entire premise of which you created in your own mind because of your inability to comprehend simple sentences.

Its because you felt talked down to. Aw.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57894 posts
Posted on 10/20/22 at 7:31 am to
quote:

If you want to see triggered


quote:

Where did the 6 upvotes come from???!!!


Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/21/22 at 11:56 am to
quote:

BarleyPop 10/16/22

1. Fed .75 Nov. 2nd as long as financial markets hold up reasonably well between now and then. Potential for a .5 surprise but I think they handle that as follows:

2. This ones a big deal. Powell will officially telegraph a slowdown in hikes after Nov 2nd meeting aka no more .75s regardless of data. Fedspeak has already been hinting at this. Once markets can relax about high inflation (lagging readings) not causing .75 reactions, we will get some dollar weakness and stock strength.



Wall Street Journal 10/21/22


Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes

If any of you continue to question who's really plugged in vs. who's playing on their phone in momma's basement thats on you.

Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 10/25/22 at 9:09 am to
quote:

2. This ones a big deal. Powell will officially telegraph a slowdown in hikes after Nov 2nd meeting aka no more .75s regardless of data. Fedspeak has already been hinting at this. Once markets can relax about high inflation (lagging readings) not causing .75 reactions, we will get some dollar weakness and stock strength.

3. Dow 32,000 or more within a month.

4. Usd/Cad 1.36 or less within a month. (Currently 1.39 and rising fast.)


3&4. Dow approaching 32 and dollar/cad near 1.36 so you gotta go ahead and consider those targets hit and cash out on those calls.

2. The Wall Street Journal article communicated this.

Moving forward...

I'm not a fan of risk sentiment recovering strongly into the Fed meeting next week. I would rather weak markets going into the Fed that cause a dovish outcome. Rising markets and tanking dollar will cause Powell to be more hawkish/aggressive.
Posted by Thundercles
Mars
Member since Sep 2010
6125 posts
Posted on 10/26/22 at 1:41 am to
Boy was I wrong
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