dow jones

[Up In Smoke]

The Dow is down another 500 points today. Congratulations to all of you voted for the Village Idiot in the White House you are weapons grade stupid

The market isn't just simply the increase or loss of the major indices. There are just as many people investing in a market decline as a market rise. There are dozens of investing strategies and investors that are stuck in the buy and hold strategy are only playing 10 percent of the market. The market isn't a measure of the economy, but a forward looking evaluation of the business landscape based on past results and trading trends. P/E ratios, 100 day moving averages, support levels, options chains and hundreds of other technical data moves the market.

 

[IVE GOTTA PACKAGE 4U]

The market isn't just simply the increase or loss of the major indices. There are just as many people investing in a market decline as a market rise. There are dozens of investing strategies and investors that are stuck in the buy and hold strategy are only playing 10 percent of the market. The market isn't a measure of the economy, but a forward looking evaluation of the business landscape based on past results and trading trends. P/E ratios, 100 day moving averages, support levels, options chains and hundreds of other technical data moves the market.

The market is still over priced right now

 

[Up In Smoke]

The market is still over priced right now

I agree. Companies, like individuals, got used to cheap money where refinancing their debts and (re)investing their profits became too easy. Very much like the housing bubble, people thought the good times and valuations were never going to end. This is the end.

 

[IVE GOTTA PACKAGE 4U]

I agree. Companies, like individuals, got used to cheap money where refinancing their debts and (re)investing their profits became too easy. Very much like the housing bubble, people thought the good times and valuations were never going to end. This is the end.

I have a very successful mechanical contractor on my route.
He has been doing this business for decades.
I had a chance to talk to the owner this morning and I asked him why so few packages?

It says reply change issue or something else?

He said there are a few small supply chain issues and it's taking a little bit longer to get supplies in but....


The cost of everything is so expensive the people are not getting the work done.

It's going to get ugly my friend

 

[Wally]

S&P Suffers Longest Weekly Losing Streak in Decade: Markets Wrap

(Bloomberg) -- Volatility continued to dominate financial markets, with stocks pushing lower as the latest U.S. jobs data cemented expectations the Federal Reserve will remain on its rate-hike path to combat stubbornly high inflation.Most Read from BloombergElon Musk’s Fixer Is Quietly Tending...

news.yahoo.com

The Stock Market Is Heading for a Summer Plunge. It Will Be a Buying Opportunity.

Historically, the six-month stretch before midterm elections in the second year of a presidency have been bad for equities, particularly when a Democrat is in the White House.

www.barrons.com

...steep midterm drops were “bear killers” that marked climaxes of longer-term declines. Of the 14 S&P 500 declines of 19% or more since 1960, 10 made their lows in a midterm election year, with eight bottoming in the seasonally weak May-October span, including the major bear bottoms of 1974, 1982, and 2002.

 

[Wally]

Dow falls more than 600 points, S&P 500 tumbles below 4,000 to the lowest level in a year

The stock market sell-off continued following a wild week of trading.

www.cnbc.com

 

[IVE GOTTA PACKAGE 4U]

Dow falls more than 600 points, S&P 500 tumbles below 4,000 to the lowest level in a year

The stock market sell-off continued following a wild week of trading.

www.cnbc.com

 

[Jkloc420]

Thanks @bacha29 for voting for biden

 

[Wally]

Dow will correct, question is how much?

 

[IVE GOTTA PACKAGE 4U]

Dow will correct, question is how much?

I think it has a lot more room to go down

 

[bbsam]

Your observation is that capitalism is to blame.

Unbridled capitalism would be a disaster.

 

[bbsam]

Dow will correct, question is how much?

Depends on your time period I suppose. Fundamentally this isn’t anything we haven’t seen before.

 

[IVE GOTTA PACKAGE 4U]

Depends on your time period I suppose. Fundamentally this isn’t anything we haven’t seen before.

It went up too fast

 

[bbsam]

It went up too fast

Yep. That and the supply chain struggles are very real.

 

[IVE GOTTA PACKAGE 4U]

Yep. That and the supply chain struggles are very real.

Unfortunately it's going to be bad for a while

 

[Up In Smoke]

The prudent investor protects his positions and is not affected greatly by large market swings. Institutional investors were forced into the market over the last 14 years because of the reduced return on treasuries. With yields advancing, they can now move and have been moving out of the market and into treasuries again, thus forcing stocks even lower.

 

[bbsam]

Unfortunately it's going to be bad for a while

That’s ok. I had to pull a bunch out recently and but by the end of the summer should be able to get back in (hopefully near the valley).

 

[IVE GOTTA PACKAGE 4U]

That’s ok. I had to pull a bunch out recently and but by the end of the summer should be able to get back in (hopefully near the valley).

I took some out last year.

 

[Thebrownblob]

Unbridled capitalism would be a disaster.

Unfortunately I don’t think will ever know if unbridled capitalism will be a disaster, because what we have now is mostly crony capitalism. With a nice dash of Socialism on top. As well as a pinch of corporatism that is ever growing.

 

[Fred's Myth]

Unfortunately I don’t think will ever know if unbridled capitalism will be a disaster, because what we have now is mostly crony capitalism. With a nice dash of Socialism on top. As well as a pinch of corporatism that is ever growing.

It's a disaster for @bbsam because he has to compete with other capitalists.