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re: Update: DJIA craters by 1200+ points today following worse than expected inflation report
Posted on 9/13/22 at 10:54 am to goofball
Posted on 9/13/22 at 10:54 am to goofball
Zoom out. Really you don't have to zoom out far. We're at the same level we were at a week ago after a late week pump last week.
1
Posted on 9/13/22 at 10:56 am to keakar
quote:
its still being falsely supported
Thats the entire basis for Keynesian Economics. Push the problems down the road with stop gap spending.
Posted on 9/13/22 at 10:57 am to JohnnyKilroy
quote:
So you think the stock market at large will never recover?
I dont think it wont ever recover
But it is absolutely possible at the same time
If the Democrats get what they want there wont even be a stock market anymore. Its called communism.
Your portfolio will be redistributed across the pool and everything will be nationalized
Have you ever heard of the Venezuela stock exchange? Me neither.
This post was edited on 9/13/22 at 11:00 am
Posted on 9/13/22 at 10:57 am to BottomlandBrew
quote:I mean a 1 day sell off erasing a week of gains. . .that is notable
Zoom out. Really you don't have to zoom out far. We're at the same level we were at a week ago after a late week pump last week.
Posted on 9/13/22 at 10:58 am to goofball
Has Biden's most diverse liar come out and said there was no inflation at all yet? 
Posted on 9/13/22 at 10:59 am to RogerTheShrubber
quote:And the only reason it "works" at the scale we use it, is because we have the advantage of being the reserve currency
Thats the entire basis for Keynesian Economics. Push the problems down the road with stop gap spending.
Posted on 9/13/22 at 11:05 am to danilo
quote:
Buying opportunity!
If you're reinvesting your dividends it gives you more bang for your buck
:Glasshalffull:
Posted on 9/13/22 at 11:05 am to Roaad
quote:
And the only reason it "works" at the scale we use it,
Correct and the dollar has lost 93% of its value since 1913, when we broke the system.
The Fed has a mandate to control both unemployment and inflation, its central planning. So there's no fix.
The last vestiges of "free enterprise" died in 1913.
Posted on 9/13/22 at 11:07 am to RogerTheShrubber
Now down 900 points. Might be slowing finally.
Posted on 9/13/22 at 11:07 am to Roaad
Notable, but not apocalyptic like some are saying in this thread.
Posted on 9/13/22 at 11:13 am to BottomlandBrew
quote:
Notable, but not apocalyptic like some are saying in this thread.
900 point drop in one morning….it’s damn ugly. Especially after the year we’ve had.
Posted on 9/13/22 at 11:13 am to BottomlandBrew
quote:
Notable, but not apocalyptic like some are saying in this thread.
More than double the worst year since 2008
And we are only digging deeper
Literally hanging on by a thread as the artificially keep the country from totally wiping out
We are fricked my dude
Posted on 9/13/22 at 11:16 am to Jon Ham
quote:
If a $1 candy bar now costs 97 cents, do you say the price of a candy bar has collapsed?
This. I swear the sky is always falling.
It's not good but we've been here before. And much worse than before. Go back a year or so further..you're probably still up if you stayed in it.
Posted on 9/13/22 at 11:20 am to BottomlandBrew
quote:
Notable, but not apocalyptic
We're on the doorstep of 1978 all over again. Good luck, if you missed it the first time.
The period from 1965 to 1982 was known as the "Great Inflation" and is the reason wages didn't keep up with inflation. We are there once again.
Does this sound familiar?
quote:
The Great Inflation was blamed on oil prices, currency speculators, greedy businessmen, and avaricious union leaders. However, it is clear that monetary policies that financed massive budget deficits and were supported by political leaders were the cause.
This post was edited on 9/13/22 at 11:25 am
Posted on 9/13/22 at 11:24 am to danilo
quote:
Buying opportunity!
Hell yes it is! Lower the better for us millennials with 30 plus years in the market in front of us!
Posted on 9/13/22 at 11:27 am to theronswanson
quote:
Hell yes it is! Lower the better for us millennials with 30 plus years in the market in front of us!
The cycle will continue as long as the monetary policy stays the same.
Politicians love stop gap measures which get them re-elected but those who follow years later have to deal with it.
Posted on 9/13/22 at 11:28 am to RogerTheShrubber
quote:
We're on the doorstep of 1978 all over again. Good luck, if you missed it the first time.
I seem to recall the sticker price of a new Vette going up around $1500 from 1977 to '78. Around there anyway. This was on a $11k car.
Dad had bought new ones in '76 and '77 but didn't get another.
This post was edited on 9/13/22 at 11:30 am
Posted on 9/13/22 at 11:31 am to BuckyCheese
quote:
I seem to recall the sticker price of a new Vette going up around $1500 from 1977 to '78. Around there anyway. This was on a $11-12k car.
yeah, that's about the time auto makers started having problems. Feds bailed Chrysler out in 1979.
Which caused further problems down the road. Renewed relations with China, the opening of the Southern border and ridiculous "kick the can down the road" economic policy, we are still seeing the effects.
Posted on 9/13/22 at 11:39 am to Caraway Rye
quote:
And we are only digging deeper
Fed mandates ensure that. Its a reactionary system and is set up for short term fixes, which keep having to happen.
Posted on 9/13/22 at 11:39 am to goofball
Keeping things on pace for the largest Social Security COLA raise in 40 years
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