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Yield Curve….tic, tic, tic, tic

Posted on 11/10/22 at 4:16 pm
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 4:16 pm
Do we see DJIA hit 20,000 again?

Opinions? Sarcasm?
Posted by KillTheGophers
Member since Jan 2016
6748 posts
Posted on 11/10/22 at 4:49 pm to
Boom

Yes, we will have problems at some point


Brrrrrr. Print that fiat
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 5:35 pm to
DJIA Point and figure chart support is almost exactly 20000.

Fat inversions like this one carry a punch within 9-12 months of first signs of inversion.

Gubment has created shitetons of inflation.

NGO’s passing out free groceries in every town with long lines of grateful recipients.

Goodwill/Thrift stores are jam packed.

But, everyone is still hiring. Businesses still understaffed.

New mortgage filings fell off a cliff.

WTF is going on?

Where does this end up?

Hedge funds will own the whole shebang?

Just not the crypto heavy dopes.

Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31594 posts
Posted on 11/10/22 at 5:42 pm to
Days like today are why most people lose at trying to time the market. You just never know when the breakouts are going to be. Combine that with rarely perfectly timing the top, and you end up with most people in a position that they would have been better off buying through the trough.
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 5:51 pm to
Yep.

When it hits the fan it’ll look like 1931 misery.

Everyone now is a straight arse speculator.

People jumping off bridges and crap.

The buying opportunity signal triggered as soon as S&WB gets compelled to scrape the day traders off Poydras St. curbs.

Bloody gutters.

Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
85325 posts
Posted on 11/10/22 at 6:19 pm to
Based on a telephone conversation I had with you a few months ago, I've had that 19-21 bottom in my mind. And it's the anecdotal evidence that I see from working class people that use my services (I leave the big boy economic stuff to you smart guys) is even more dire and pessimistic than the sub-prime stuff back in the day. Working stiffs are getting crushed. And yet the NASDAQ and many tech stocks based on consumer spending are up 7.5%. Where is this unbridled optimism coming from? Who is buying this high?
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 6:36 pm to
Frigging maniacs.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40285 posts
Posted on 11/10/22 at 6:40 pm to
quote:

And yet the NASDAQ and many tech stocks based on consumer spending are up 7.5%. Where is this unbridled optimism coming from? Who is buying this high?


Tech stocks are down massively ytd. Tf are you talking about?
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 6:41 pm to
Still has another 30% to go.
Posted by fatnhappy
Westbank
Member since Nov 2014
70 posts
Posted on 11/10/22 at 6:43 pm to
Pimp, you are referring to todays market performance? Amirite?.
Posted by Billzbobo
Swamp
Member since Jul 2022
347 posts
Posted on 11/10/22 at 7:03 pm to
You can't time the market and I am positive that the market will fall 1,000 points in 1 day again soon. Too much volatility out there. Who knows where the bottom is.
This post was edited on 11/10/22 at 7:04 pm
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
85325 posts
Posted on 11/10/22 at 7:30 pm to
Talking about today. Talking about the aforementioned yield curve. Talking about downward pressure and the consumer zeitgeist. It doesn’t feel a bit ominous to you?
Posted by jlu03
San Diego
Member since Jul 2012
3354 posts
Posted on 11/10/22 at 9:46 pm to
It took 3 years for the market to bottom in the 2000 crash. Days like today will happen as we continue lower
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 11/11/22 at 1:17 am to
You’re exactly right.

Go look all through history at bear markets. It’s a process.

-Initial leg down off the highs in equities
- yield curve inverts (screaming recession and this one has screamed SEVERE recession 9-18 months out from initial inversion)
-huge, super powerful rally back up to test highs or put in a lower high in equities
-yield curve starts to flatten and then steepen
-the mother of all down legs (the “storm” Jamie Dimon has warned about)


Posted by Niner
Member since Apr 2019
2033 posts
Posted on 11/11/22 at 8:16 am to
With all this pessimism and anxiety, I don't know how some of you sleep at night.

Assuming you're all in cash, correct?
Posted by lowspark12
nashville, tn
Member since Aug 2009
22526 posts
Posted on 11/11/22 at 8:45 am to
quote:

Assuming you're all in cash, correct?


I’m convinced everyone is 100% equities so they can bitch about the system.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/11/22 at 11:03 am to
quote:

Assuming you're all in cash, correct?




While I appreciate people offering their opinions (and dire predictions) on here, I also find it interesting that they very seldom mention how they’re positioned to deal with what they’re predicting. Are they going to cash, sitting on T-bills, hedging with options???

If I predict a super cold & snowy winter, I’ll be glad to tell you that I’m buying extra hay for the horses and firewood for the fireplaces.
Posted by jimjackandjose
Member since Jun 2011
6671 posts
Posted on 11/11/22 at 1:43 pm to
Sqqq and cash and bonds.

Options are tough because you have to have a bit of timing to it or day trade and monitor constantly moves
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/11/22 at 1:55 pm to
quote:

Sqqq and cash and bonds.


Thanks for stepping up.

quote:

Options are tough because you have to have a bit of timing to it or day trade and monitor constantly moves


Not so much. It kind of depends on whether you’re trying to construct directional or neutral delta positions. I don’t constantly monitor anything other than weekly earnings plays.
Posted by lsuoilengr
Member since Aug 2008
5336 posts
Posted on 11/11/22 at 2:38 pm to
what does this mean?
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