we'll start seeing more of this, which could have a big poz effect on stocks if it takes hold.
Carl Quintanilla @carlquintanilla * YELLEN SAYS INFLATION MAY HAVE PEAKED @reuters (via @CNBC )
Is housing in a bubble? Yellen: No, no, no.
Bureaucrats like Yellen have done a lot of damage to this country, and are never held accountable. Perhaps at the conclusion of this economic downturn they will. I hope so.
Earnings Scorecard: For Q1 2022 (with 20% of S&P 500 companies reporting actual results), 79% of S&P 500 companies have reported a positive EPS surprise and 69% of S&P 500 companies have reported a positive revenue surprise.
It's 28 now. Prolly have to wait to see 32-33ish to start thinking this downturn is toward the end.
I did read that the put call ratio is now at a very high extended number...like the VIX that's another contrarian measure. Meaning when it gets very high, you buy, figuring when everyone is terrified most of them have already sold so there isn't much more selling to do. So that's a positive.
Bureaucrats like Yellen have done a lot of damage to this country, and are never held accountable. Perhaps at the conclusion of this economic downturn they will. I hope so.
what do you think a proper 'accountability' would be?
Bureaucrats like Yellen have done a lot of damage to this country, and are never held accountable. Perhaps at the conclusion of this economic downturn they will. I hope so.
what do you think a proper 'accountability' would be?
A severe global recession proves extremist monetary policies do far more damage than good. These elitist bureaucrats fade into retirement with their legacy of mistakes intact.
seems like a good time to note that the average year has a drawdown of 14% at some point.
We are now down 11%. So not even a standard correction right now.
On the other hand, in a normal year bonds would rise in value when stocks correct, lessening the horror. Instead, bonds have crashed almost as badly as stocks. Which has made this hurt worse than usual. Some way this is the worst bond performance since 1980.
But just purely on big index performance, this is standard fare. And yes, during every 11% correction it feels different and much more serious than the last correction.
seems like a good time to note that the average year has a drawdown of 14% at some point.
We are now down 11%. So not even a standard correction right now.
On the other hand, in a normal year bonds would rise in value when stocks correct, lessening the horror. Instead, bonds have crashed almost as badly as stocks. Which has made this hurt worse than usual. Some way this is the worst bond performance since 1980.
But just purely on big index performance, this is standard fare. And yes, during every 11% correction it feels different and much more serious than the last correction.
Why is it called a "correction" when the market goes down?