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Dow futures market down 1.1 %, another Friday puke coming

Posted on 9/23/22 at 5:49 am
Posted by Trevaylin
south texas
Member since Feb 2019
5763 posts
Posted on 9/23/22 at 5:49 am



Cash will be the place to be until the election and European energy pricing is better understood in December
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98282 posts
Posted on 9/23/22 at 5:50 am to
Thanks China.
Posted by Strannix
District 11
Member since Dec 2012
48807 posts
Posted on 9/23/22 at 5:51 am to
quote:

Cash will be the place to be until the election


17% inflation
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48267 posts
Posted on 9/23/22 at 5:51 am to
We might have a late year rally but I think the first half of 2023 will be painful too.
Posted by DMAN1968
Member since Apr 2019
10141 posts
Posted on 9/23/22 at 5:52 am to
And over seas they are currently close to 2% down. Did you think it was at its bottom?
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4959 posts
Posted on 9/23/22 at 6:14 am to
Thank you xiden. You and your henchmen screwed up a great economy under Trump.
Posted by brett408
Member since Jan 2005
2426 posts
Posted on 9/23/22 at 6:18 am to
Cash is NOT the place to be. If you are playing the long game, it is time to buy.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26068 posts
Posted on 9/23/22 at 6:18 am to
The great irony of this inwxorable push toward stagflation, is that only more government intervention will reverse course at this point in time.
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 9/23/22 at 6:19 am to
quote:

17% inflation


What are you trying to say?

Maybe you could be in short term bonds but the market is going down so how does that help you with inflation?

The typical advice is that if the inflation you should be in the market to keep up with it. That only applies if the market is going up.
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 9/23/22 at 6:20 am to
We did it Joe!
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 9/23/22 at 6:21 am to
quote:

Cash is NOT the place to be. If you are playing the long game, it is time to buy.


I’m going to do some dollar cost averaging but I’m ok with sitting out for a few months because I don’t think we are anywhere near the conditions we need to see for the market to start going up.

In addition, I want to have some cash on hand to take advantage of the massive discounts I think we are going to see on things like real estate and businesses.
Posted by tide06
Member since Oct 2011
11108 posts
Posted on 9/23/22 at 6:23 am to
quote:

17% inflation

17% inflation is going to happen to you regardless.

Whether you choose to compound that by investing in a market that faces horrible headwinds is on you.

Buy a government ibond, invest in gold or something but stay out of the stock market for a few months.
Posted by FredBear
Georgia
Member since Aug 2017
14953 posts
Posted on 9/23/22 at 6:23 am to
quote:

Dow futures market down 1.1 %, another Friday puke coming



Bidens* America
Posted by 1609tiger
Member since Feb 2011
3218 posts
Posted on 9/23/22 at 6:26 am to
Biden spending and the Fed with their head in the sand for all of last year.
Posted by TAFP
Member since Jan 2021
61 posts
Posted on 9/23/22 at 6:27 am to
Spy is oversold in the short term.
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 9/23/22 at 6:30 am to
Why do you think this?
This post was edited on 9/23/22 at 6:31 am
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41032 posts
Posted on 9/23/22 at 6:30 am to
quote:

17% inflation


And a 30% hit on the retirement account? No thanks. Been all cash since the Biden inauguration. I did buy some bonds this week at 4%.
Posted by Rhino5
Atlanta
Member since Nov 2014
28896 posts
Posted on 9/23/22 at 6:33 am to
Posted by Haymaker
Member since Sep 2022
14 posts
Posted on 9/23/22 at 6:36 am to
quote:

In addition, I want to have some cash on hand to take advantage of the massive discounts I think we are going to see on things like real estate and businesses.


I’m sitting on $100 K because I think my fellow citizens may be unloading some material possessions soon.
Posted by TAFP
Member since Jan 2021
61 posts
Posted on 9/23/22 at 6:37 am to
RSI should be solidly below 30 if it opens down +1%. LINK
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