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Futures falling

Posted on 3/13/23 at 7:46 am
Posted by Padme
Member since Dec 2020
6160 posts
Posted on 3/13/23 at 7:46 am
Looked like after word of some sort of bailout that the markets were reacting nicely, seems it was just a Sunday night head fake. Oil is down almost $4, your best economic indicator. Embrace for a tough week!
Posted by lsuoilengr
Member since Aug 2008
4768 posts
Posted on 3/13/23 at 7:47 am to
I’m expecting a 30% drop in the stock market
Posted by GumboPot
Member since Mar 2009
118760 posts
Posted on 3/13/23 at 7:51 am to
quote:

I’m expecting a 30% drop in the stock market




This mini bank run is just the beginning. Corporate buy backs, which have been propping up the market a lot, are tapering and will stop by the end of the month. Liquidity will be more and more difficult to find.
Posted by texas tortilla
houston
Member since Dec 2015
1815 posts
Posted on 3/13/23 at 7:55 am to
if it gets too bad this morning, i think powell will drop interest rates.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 3/13/23 at 7:55 am to
S&P 500 futures are down about 1%, now 60 S&P points, since Friday close

They were up about 30 points last night
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41109 posts
Posted on 3/13/23 at 8:00 am to
quote:

I’m expecting a 30% drop in the stock market



Same here. You can't go from 15 years of zero percent interest rates to 5+ percent rates and not break some things. This is just the first thing to go.
Posted by Padme
Member since Dec 2020
6160 posts
Posted on 3/13/23 at 8:02 am to
quote:

think powell will drop interest rates.


That’s a tough one, on the one hand it’s an admission that something is very wrong, yet we know that there is. The feds were to move on interest rates next week anyway, so doing it out of session might be worse than letting the markets do their thing. One thing looks clear though, rather than raise, he will either stay, or, as you say, lower by .25 or .50, thereby giving the markets what they want. I think he will wait until next week, but I do think it will be down, if this week is bad enough.
Posted by TigerCoon
Member since Nov 2005
18861 posts
Posted on 3/13/23 at 8:05 am to
These guys are bound and determined to make me work an extra 5 years.
Posted by GumboPot
Member since Mar 2009
118760 posts
Posted on 3/13/23 at 8:08 am to
Interesting. Crypto is spiking this morning. I suspect a lot of money is flowing from regular bank accounts to crypto.



Is crypto (or specific coins) becoming more of a safe haven than fiat?
Posted by Padme
Member since Dec 2020
6160 posts
Posted on 3/13/23 at 8:12 am to
I saw that last night.

My question is, is this what the fed wanted? That is, is this it, is this where they break the system or were they simply trying to push us into a recession as opposed to hyperinflation?

Why are the cryptos suddenly rising again, do the elites know something?
This post was edited on 3/13/23 at 8:14 am
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 3/13/23 at 8:14 am to
Black Monday has arrived. The Fed has blood on their hands, and the chicken has come home to roost.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35086 posts
Posted on 3/13/23 at 8:14 am to
quote:

Why are the cryptos suddenly rising again, do the elites know something?


Bank will go the way of Blockbuster. Crypto is king. The future is now.
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 3/13/23 at 8:16 am to
And Biden and his cronies won't say a damn thing....ignoring problems is their stock and trade.
In fact, look for comments like "the economy is doing great".

I can't stand these incompetent people.
Posted by Chingon Ag
Member since Nov 2018
2795 posts
Posted on 3/13/23 at 8:16 am to
quote:

if it gets too bad this morning, i think powell will drop interest rates.


Read that bond markets went from pricing in a 70% probability of a 50bps rate hike at the next Fed meeting to now a good chance of a pause in the rate hike.
Posted by lsufan1971
Zachary
Member since Nov 2003
18222 posts
Posted on 3/13/23 at 8:18 am to
Money
It's a crime
Share it fairly, but don't take a slice of my pie
Money
So they say
Is the root of all evil today
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422412 posts
Posted on 3/13/23 at 8:18 am to
quote:

Is crypto (or specific coins) becoming more of a safe haven than fiat?

When actual crashes happen, crypto usually falls with regular investments.

Also, and this is something I've argued with crypto bros for years, if you don't have a mechanism to convert crypto into actual USD, then what good is it long-term? If banks are crashing, there won't be a way to convert crypto to USD.

And let's not ignore that Silicon Valley is the epicenter of this recession right now. They're kind of important in terms of crypto networking, transfers, apps, etc.
Posted by Tomatocantender
Boot
Member since Jun 2021
4753 posts
Posted on 3/13/23 at 8:19 am to
quote:

if it gets too bad this morning, i think powell will drop interest rates.


Don't know why you received downvotes for this. This is a very real possibility with their FOMC emergency meetings this week.
Posted by Padme
Member since Dec 2020
6160 posts
Posted on 3/13/23 at 8:19 am to
FIRST REPUBLIC BANK GOING DOWN
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422412 posts
Posted on 3/13/23 at 8:20 am to
quote:

Why are the cryptos suddenly rising again, do the elites know something?

When markets become unstable, money rushes into different areas.

A population of people think cryptos are safer than normal banks so they're creating artificial demand that's creating a crypto bubble.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123887 posts
Posted on 3/13/23 at 8:22 am to
Markets are set to open flat.
This post was edited on 3/13/23 at 8:22 am
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