Down goes the Dow

applied economics4 wrote:

agip wrote:

interesting that this taper tantrum has slaughtered stocks but the 2013 taper tantrum didn't...stocks fell only 6% or so. Not sure if that is relevant or irrelevant but interesting.

in 2013, after the bond market chilled out, stocks resumed their climb.

Maybe a relevance would be IF stocks resume their climb this time, after bond yields level out. All hypothetical of course....stocks are still falling off a cliff and yields are still rising.

Today reminds you of some time in 2013?

Series I Bonds I purchased December, 2011 were at 1.18% December, 2013. May/November Series I Bonds purchased December, 2011 are at 9.62% today. Did you begin following equity & debt markets in 2013? I cannot see much in common today with 2013.

agip wrote:

agip wrote:

carmine9 wrote:

Checked back in and the day has gotten even worse.

S+P return for the year nearing negative 16%

Incl dividends the sp500 is down only around 5% over the past year.

And Value funds are up over that time.

Careful with year to date results…it’s an arbitrary start/finish line .

Ghost of Igloi wrote:

Bitcoin under $31k

carmine9 wrote:

Ghost of Igloi wrote:

Bitcoin under $31k

Tesla under $800.

S+P 500 nearly under 4,000.

Its a full blown meltdown

carmine9 wrote:

agip wrote:

Incl dividends the sp500 is down only around 5% over the past year.

And Value funds are up over that time.

Careful with year to date results…it’s an arbitrary start/finish line .

S+P 500 on 12/31/21: 4,766.18

S+P 500 today: 4,008.52.

Simple math shows it has lost 15.9% from close of 2021 to right now.

Show the math supporting your claim of a 5% loss if you would

agip wrote:

carmine9 wrote:

S+P 500 on 12/31/21: 4,766.18

S+P 500 today: 4,008.52.

Simple math shows it has lost 15.9% from close of 2021 to right now.

Show the math supporting your claim of a 5% loss if you would

Come on man you’re killing me here.

first you don’t get m/m versus y/y and now you don’t get ‘over the past year’ vs ‘year to date.’

Swaglord369 wrote:

carmine9 wrote:

Tesla under $800.

S+P 500 nearly under 4,000.

Its a full blown meltdown

Realize that BTC is currently ~6x above where it was in March 2020, just to keep perspective. And this is a fake computer coin. I know we still have plenty of time to go down, but the market is pricing this all in. You think it'll fall below 5k?

carmine9 wrote:

agip wrote:

Come on man you’re killing me here.

first you don’t get m/m versus y/y and now you don’t get ‘over the past year’ vs ‘year to date.’

Huh?

Down 15.9% YTD. As I clearly noted. I posted the dates and the values

Not clear?

agip wrote:

carmine9 wrote:

Huh?

Down 15.9% YTD. As I clearly noted. I posted the dates and the values

Not clear?

I feel like I am insulting your intelligence but fine. better than me spending this time panic selling something.

year to date: 01/01/2022-5/9/2022

over the past year 05/10/2021-05/09/2022

carmine9 wrote:

agip wrote:

I feel like I am insulting your intelligence but fine. better than me spending this time panic selling something.

year to date: 01/01/2022-5/9/2022

over the past year 05/10/2021-05/09/2022

How does your changing the measurement date make my original comment wrong?

I noted the YTD experience.

Did not ask you to choose another start date?

agip wrote:

carmine9 wrote:

The March 2022 annualized inflation rate is 8.54%.

What is 0.3% represent?

I don’t think you have enough experience with Econ stats to talk about this. Go back and read my posts earlier today. Your answer is there.

carmine9 wrote:

An oil co that has done well for me is down 14% today.

I have lost over $20k today even though I had reduced my equity holdings to less than $200k because I was sick of losing over $20k a day...thinking my daily losses on $200k would be less than $10k.

What a massacre

Swaglord369 wrote:

carmine9 wrote:

An oil co that has done well for me is down 14% today.

I have lost over $20k today even though I had reduced my equity holdings to less than $200k because I was sick of losing over $20k a day...thinking my daily losses on $200k would be less than $10k.

What a massacre

Big Question --- "When there's blood in the streets" or "don't catch a falling knife"?

carmine9 wrote:

Johannes wrote:

He posted the “signs”, not data. You know this because you replied that there was “zero sign” of moderation. Nice try at moving the goalposts though.

He posted nothing in terms of detail.

"multiple signs of inflation moderating quickly. Car prices, shipping costs, wages, PPI all showing less inflationary data"

This is an assertion sans detail or data.

Just admit you attacked me on nothing.

Too weak to admit you got exposed?