- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is the correction coming?
Posted on 2/23/21 at 6:07 pm to wizard1183
Posted on 2/23/21 at 6:07 pm to wizard1183
quote:
Technology isn’t going anywhere
0
Posted on 2/23/21 at 6:10 pm to boogiewoogie1978
I heard on the radio from some analyst that they expect a 9% rise in 2021
Posted on 2/23/21 at 6:13 pm to slackster
quote:
the best thing this market has going for it is that everyone thinks a crash is right around the corner. They almost never happen when bubbles are readily discussed. They happen when you least expect it.
This doesn't sound right to me. Ive always heard you will see spikes in publishing about bubble popping as a sign.
Posted on 2/23/21 at 10:11 pm to boogiewoogie1978
Not if the DEMs pump Trillions into the economy. That will just cause a huge bubble and bust.
Posted on 2/23/21 at 10:31 pm to boogiewoogie1978
Jan 28 plus 25% is what I’m going with. It’s allowed me to buy back in to a few. Gamble I took was putting everything in to Bitcoin while I wait it out. Even again but was way up.
Posted on 2/24/21 at 6:11 am to boogiewoogie1978
First the democrats want to outdo Trump when it comes to market highs. This to prove Trump people, like me, wrong about Biden.
Second there might be a correction when Biden reveals and if he gets his tax plan approved.
Second there might be a correction when Biden reveals and if he gets his tax plan approved.
Posted on 2/24/21 at 6:56 am to boogiewoogie1978
quote:
Things were just too high a couple of weeks ago.
I’m still green for the month of February
Posted on 2/24/21 at 8:03 am to MrLSU
quote:
The fear of a $15 dollar minimum wage as part of the stimulus is what is cratering the markets right now.
No, it’s not. First, notice the sectors that were hardest hit yesterday morning. Second, even Biden has admitted that the minimum wage increase has little chance of being passed under reconciliation. Even if the Senate parliamentarian allows it, Manchin has already stated that he won’t give his (necessary) vote. Scouring the news wires gave no evidence of what you’re stating.
quote:
There will be tens of millions of people who will lose their jobs thus stifling demand in the broader markets.
While I believe that any dramatic increase in the minimum wage would not be good for a struggling economy, especially small businesses, to say that tens of millions would lose their jobs is pure hyperbole. Less than 2 million people in the U.S. are at the minimum wage level.
Posted on 2/24/21 at 8:54 am to Jag_Warrior
quote:
to say that tens of millions would lose their jobs is pure hyperbole
Probably right. However, the $15 minimum wage will kill thousands of small businesses that have been hurt by the shutdown. As a small business owner, it will be tough for us to absorb and many of the other business owners we know won't survive it. Between the shutdown, the first stimulus, and the proposed 2nd stimulus, it almost seems tailored to crush the middle class and small business owners.
With that said, keep an eye on the 10 yr treasury yield. If it hits 1.5% and holds that or pushes through, we will be in trouble.
Posted on 2/24/21 at 11:09 am to TigerFanatic99
quote:
Tougher to call now than 6 months ago
Yeah, the atmosphere has changed. Some loss of confidence and some triggers could cause it to get ugly. A rate rise from the fed, a big jump in minimum wage, some stifling tax policy, or a big dip in employment could muddy the waters.
In any event, there will be buying opportunities.
Posted on 2/24/21 at 11:13 am to Jag_Warrior
quote:
Less than 2 million people in the U.S. are at the minimum wage level.
Maybe, but how many make under $15/hour that would get an automatic raise to where they are now at minimum wage?
This post was edited on 2/24/21 at 1:47 pm
Posted on 2/25/21 at 10:07 am to Aubie Spr96
quote:
With that said, keep an eye on the 10 yr treasury yield. If it hits 1.5% and holds that or pushes through, we will be in trouble.
Yes. This has more to do with the weakness we’re seeing in the markets the last few days, especially the Nasdaq. What MrLSU claimed about the proposed minimum wage increase being the cause of the sell offs has no basis in reality. Whether it’s the meme stocks or FAANG, a minimum wage increase wouldn’t directly affect them, and has nothing to do with their weakness.
Before people get themselves all wound up about this proposal, it should be taken into account what the probability of it becoming law is. First, the Senate parliamentarian has to allow it. Then, if that happens, the Senate would need to have enough votes: 50 + Harris. And as it stands now, no Republicans are supporting it and Joe Manchin (D) is also not supporting it. 49 + 1 doesn’t do it, even under reconciliation. It cannot be done under Executive Order. I’m aware of this. Major market participants are aware of this. So one has to ask, why would that spook anyone other than the weakest holder of stock?
It’s fine for us to debate the macro economic effects of sudden or even gradual increases in the minimum wage. The brand of economics I studied (way back when the dinosaurs were still roaming) supported supply side theory, and most of my professors were proponents of either Laffer or Friedman. My views have matured since being in the real world for the past few decades. So I understand and agree to some extent with what people (especially small businesses owners) are concerned about. But again, it ain’t happening (at least not for the next two sessions of congress) and it had nothing to do with the market selling off this week.
Posted on 2/25/21 at 10:19 am to boogiewoogie1978
even if you have bought every "peak" before a downturn the market continues rising higher and higher in the future after the glut
and it's because brrrrr
and it's because brrrrr
This post was edited on 2/25/21 at 10:20 am
Posted on 2/25/21 at 10:25 am to Buck_Rogers
quote:
Maybe, but how many make under $15/hour that would get an automatic raise to where they are now at minimum wage?
According to a CBO report released a couple of weeks ago, 17 million workers earning less than $15/hr. would be directly affected, and they projected a decrease in employment of 1.4 million. That report was based on the wage increase being fully implemented by 2025.
Posted on 2/25/21 at 10:30 am to Jag_Warrior
good post
must read article from lyn alden about our current situation for any macro trader LINK
she talks about inflation, treasuries, employment, lumber, apple, tesla, bitcoin, gold, etc
must read article from lyn alden about our current situation for any macro trader LINK
she talks about inflation, treasuries, employment, lumber, apple, tesla, bitcoin, gold, etc
This post was edited on 2/25/21 at 10:32 am
Posted on 2/25/21 at 10:38 am to rocket31
Good article. Thanks for the link. 
Posted on 2/25/21 at 10:45 am to Jag_Warrior
quote:
According to a CBO report released a couple of weeks ago, 17 million workers earning less than $15/hr. would be directly affected, and they projected a decrease in employment of 1.4 million. That report was based on the wage increase being fully implemented by 2025.
A more hidden impact could be due to the fact that many union contracts are tied to a multiple of minimum wage. Higher production costs can have far reaching consequences.
Posted on 2/25/21 at 10:58 am to Auburn1968
quote:
A more hidden impact could be due to the fact that many union contracts are tied to a multiple of minimum wage. Higher production costs can have far reaching consequences.
That’s possible. I’m unaware of what variable inputs and assumptions the CBO model uses.
Posted on 2/25/21 at 11:15 am to Jag_Warrior
Not to beat a dead horse, but if anyone is watching the market for a short to medium term trade, I would pay attention to dramatic movements in rates, especially the 10 yr. Treasury. A 25 basis point move in real rates over a short time span WILL move the market - and it is.
No matter my personal feelings or opinions, I don’t pay attention to *any* legislation that has almost no chance of becoming law. The market also heavily discounts or ignores such things.
No matter my personal feelings or opinions, I don’t pay attention to *any* legislation that has almost no chance of becoming law. The market also heavily discounts or ignores such things.
Posted on 2/25/21 at 11:41 am to Jag_Warrior
How long do you think this correction will last ? Is this like a just today thing or could be a couple of days ?
Edit: Got money on the side and wondering if I should start buying or hold off longer.
Edit: Got money on the side and wondering if I should start buying or hold off longer.
This post was edited on 2/25/21 at 11:48 am
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News