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re: Predict the Dow Jones’ bottom

Posted on 5/20/22 at 1:12 pm to
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 5/20/22 at 1:12 pm to
Probably not all of it haha. But you would have said the same thing about no baby formula on shelves 2 weeks ago
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/20/22 at 1:13 pm to
quote:

Probably not all of it haha.


Which ones do you think will happen?
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 5/20/22 at 1:20 pm to
24,000
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/22 at 1:22 pm to
quote:

I predict we end up with massive food and gas shortages, businesses closing all over. People will riot. War breaks out and cities burn.

We pretty much have had a lot of this so far
Posted by deltaland
Member since Mar 2011
90554 posts
Posted on 5/20/22 at 1:32 pm to
quote:

We pretty much have had a lot of this so far


I’m not talking inconvenience shortage as in having to go to another store or gas station. I’m talking doesn’t exist, items can’t be shipped due to hardly no fuel and what gas there is will be too expensive for most. People can’t get to work, nothing is produced. Collapse of modern society.
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 5/20/22 at 1:32 pm to
A lot of business are going to struggle the next year or so. The big boys will be fine but it won't be pretty for the mid level and mom and pops when they have to pay back dated covid loans and aren't getting foot traffic because shite is just too expensive.
Posted by deltaland
Member since Mar 2011
90554 posts
Posted on 5/20/22 at 1:35 pm to
I’m not trolling either. I think global elites and the WEF are planning this. They want a collapse. They think they’ll win and subjugate everyone but they have to destroy everything first so they can “come to the rescue” with their Great Reset and new normals
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/22 at 1:37 pm to
quote:

I’m not talking inconvenience shortage as in having to go to another store or gas station. I’m talking doesn’t exist, items can’t be shipped due to hardly no fuel and what gas there is will be too expensive for most. People can’t get to work, nothing is produced. Collapse of modern society.

I know what you meant
But what I meant is we were there to an extent
It wasn’t all perfect during those times, and we can only get worse
Posted by Jjdoc
Cali
Member since Mar 2016
53449 posts
Posted on 5/20/22 at 1:39 pm to
quote:

I’m not trolling either. I think global elites and the WEF are planning this. They want a collapse. They think they’ll win and subjugate everyone but they have to destroy everything first so they can “come to the rescue” with their Great Reset and new normals




Here is what people think when they hear or read this...


Conspiracy...


Yet when you ask them why these people are saying these things... they run and hide because it makes them uncomfortable.

The Great Reset is a thing. Those are the exact words used.


There are people who feel above everybody else and that they know what is best for the world and are willing to do what ever it takes to make that happen because THEY THINK they are right and the end justifies the means.


Sorry if that makes people uncomfortable, but it's their words! Their actions.


Posted by lynxcat
Member since Jan 2008
24138 posts
Posted on 5/20/22 at 1:46 pm to
quote:

Dow Jones’


Useless index is useless. SP500 is a much better gauge...but news outlets love being able to sky scream big numberS for the "DOW IS DOWN 1,000 PTS!!!"
Posted by deltaland
Member since Mar 2011
90554 posts
Posted on 5/20/22 at 1:47 pm to
They’ve been pretty open about it if you pay attention it’s not conspiracy.

Too many people have been successfully demoralized by our schools and media over the past 40 years. They will refuse to acknowledge the truth until they’re on their knees with a gun in their face. By then it’s too late
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/20/22 at 1:48 pm to
Y’all are too much

I’ll be sure to bump this thread in 12-18 months.

That is of course if I still have electricity and a working internet connection
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 5/20/22 at 1:57 pm to
You are picking the largest extremes to chuckle, but the reality is every asset to purchase is hyper inflated and salaries aren't following. A pullback is needed. Hence that rate rise. It's not rocket science. People will need to learn to tighten their belts.
This post was edited on 5/20/22 at 1:59 pm
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/20/22 at 2:02 pm to
Pull back, yes.

Bear market, sure.

Recession, seems likely.

quote:

Under 5k. Might cease to exist. The nation is about to implode and we have a govt working to destroy it.

I predict we end up with massive food and gas shortages, rolling blackouts, businesses closing all over. People will riot. War breaks out and cities burn. Dollar will be worthless. Govt sends in military and the people fight back, nation may actually split up.


What this looney toons character is predicting, zero chance.
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 5/20/22 at 2:04 pm to
We are getting close to 20 dollar Burritos. Enough is enough haha.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/20/22 at 2:15 pm to
LINK

quote:

Regular Steak Burrito
chargrilled sirloin steak seasoned with fajita dry rub $8.85


No we aren’t.
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 5/20/22 at 2:22 pm to
You in college brah? And I could link a menu that has them for 18 before tip at an actual restaurant. Most Mexican sit down restaurants are hitting 18 to 20 a plate right now.
This post was edited on 5/20/22 at 2:25 pm
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/22 at 2:28 pm to
Double steak Burrito with Guacamole at chipotle is over $20
Posted by SlidellCajun
Slidell la
Member since May 2019
10381 posts
Posted on 5/20/22 at 2:35 pm to
quote:

You don't think breaking 30 causes a drop below 29k?


Sure that’s possible but I figured just under 20% drop from the high.
I think it’s possible to find support above 29,000
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123854 posts
Posted on 5/20/22 at 2:37 pm to
quote:

Predict the Dow Jones’ bottom
Last week I said 30K or ~3800 S&P. This doesn't feel like a bottom though. I'd guess we've got another 10% down to 27K or so? Holding a bunch of cash awaiting capitulation.


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