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OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
6949 posts

Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

Futures on the Dow Jones Industrial Average indicated a negative open of about 74 points. Futures on the S&P 500 and Nasdaq were both lower, as well.

The widely watched 2-year to 10-year yield spread narrowed to only 4.68 basis points on Tuesday, according to FactSet, with the curve at its flattest level since 2007. The yields on the 30-year note also fell to a low of 2.11%.

The Labor Department’s inflation report, the key consumer price reading for July, is set to come out at 8:30 a.m. ET, which could determine the direction of the yield curve and the financial markets on Tuesday.


LINK

The uniparty really wants a recession. I wouldn’t mind a free fall in order to pick up some discounts.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
55624 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession


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yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6875 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
This recession will be pretty bad. Rates will have to go to zero maybe even negative. There isn't any tax juice left. The rest of the world is in the dumps. There aren't any industries that they can bail out. Any bailout will have to go straight to taxpayers or if no bailout we will see stagflation. Cheer all you want though. Pullbacks are great. Recessions aren't anything to cheer about.


HailToTheChiz
Auburn Fan
Back in Auburn
Member since Aug 2010
31292 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

wouldn’t mind a free fall in order to pick up some discounts.


Weird line of thinking.

A global recession would frick everyone, at least for a short time.

Was there this much talk prior to the housing crisis in 2007? I feel like it's not if but when we get the drop


yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6875 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
behind the scenes there were some people concerned, but i don't think there is a triggering event like there was then. The economy was overheating they raised rates, this hurt people with ARM loans and speculaters and then to compound it several of the big players were holding junk derivatives. They were overleveraged on stuff they thought had a triple A credit rating. The dynamic is different. I'm not sure where the asset bubble is though. Maybe an intangible one like education? Or maybe a data bubble? Data is driving the major tech player revenue. If the price for it goes down FAANG stocks likely take a dive. The amount of student loan debt is staggering. It is unsecured debt a downturn in the economy could leave a lot of folks without jobs and the inability to pay them.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
59498 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
Fake news


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111
TDsngumbo
USA Fan
Member since Oct 2011
17515 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
This is the weirdest recession ever. The DOW is up 400 right now.


LSURussian
LSU Fan
Member since Feb 2005
115773 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
As usual your thread did not age well....

ETA: The Dow Jones is up 463 points.
This post was edited on 8/13 at 9:22 am


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134
LSURussian
LSU Fan
Member since Feb 2005
115773 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

This recession will be pretty bad.
This board has correctly predicted 19 out of the last 2 recessions.


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333
HailToTheChiz
Auburn Fan
Back in Auburn
Member since Aug 2010
31292 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

This is the weirdest recession ever. The DOW is up 400 right now.





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cwill
Member since Jan 2005
41459 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
The backtrack on the tough talk on tariffs saves the day! Art of the Deal, baby!!!


marchballer
Stanford Fan
The Greatest Country on Earth
Member since Aug 2008
3750 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
Sell the news. China is not about to make a deal with the US on trade anymore. They’ll wait till the 2020 election before making a deal.

Today’s rally was expected based on the technical charts.

OP is right. A recession is around the corner and it won’t look pretty. Way too much debt and negative news out there. The Fed will likely hold off a true deep recession next year with rate cuts and we’ll rally to 4000 before entering a true deep recession.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
59498 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
Thanks Huss


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70
jimbeam
USA Fan
University of LSU
Member since Oct 2011
55624 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

we’ll rally to 4000


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
59498 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
35%


jimbeam
USA Fan
University of LSU
Member since Oct 2011
55624 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
I’ll take it! Just be sure to sell at 3,999


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JS87
Member since Aug 2010
12964 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession


Thread didn't go quite as well as the OP anticipated.


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yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6875 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
shite... i'm sorry this next recession... I know what a facking recession is and we are not in one. Hell we aren't even in a bear market.

nice job pointing out the dow jones being up. I'm sure you overlooked the 2-10 year spreads. If you even know what they are.

Lemme know when you guys want an intelligent conversation and I'll come back.
This post was edited on 8/13 at 12:53 pm


Janky
LSU Fan
Team Primo
Member since Jun 2011
26489 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

Posted on 8/13/19 at 12:50 pm to yatesdog38


quote:

I'm sure you overlooked the 2-10 year spreads. If you even know what they are.


Are you talking to yourself? I am really confused.


Fat Bastard
Atlanta Braves Fan
Member since Mar 2009
41115 posts

re: Stocks are set to drop for a third day as the bond market gets close to sending recession
quote:

Are you talking to yourself? I am really confused.






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