Down goes the Dow

well this is interesting....inflation came in hotter than expected but the market is flat.

if it holds, that's good news. That the market can shrug off inflation news.

My *hope* is that we've had a bunch of margin calls and forced liquidations from hedge funds driving down the market, and when that ends and if the 10 year stays around 3.0%, stocks have a chance.

And at some point inflation will ease. There are many signs that it is easing right now. maybe forward-looking traders are looking at data other than CPI and expecting CPI to come down soon.

1. Contradicting the assertions you made yesterday, inflation continues to rage. In fact you continue to claim there are signs it is easing, which is totally contradicted by the report that came out only a little more than an hour ago

2. The market immediately tanked upon the news. That is not "flat"

I got completely out early in the 2008 meltdown and was glad I did.

A lot of people I know really suffered thru that.

I retired at the end of last year have no tolerance for consistently losing more money than my pension and Social Security pay me.

I am looking for a temporary run up and then bailing.

Will cap my equites at maybe $150k at that point

LOL sheer genius right there. Were it not for the particulars you detailed, your comment would have been meaningless! LOL

the inflation report was mixed. there are indeed signs that inflation is easing. The previous number was 8.5%, the current number is 8.3%.

I mean come on....The WSJ headline for the news is "U.S. Inflation Eased in April to 8.3% Annual Rate"

"Eased."

and as of 9:45 am, the market is flat. I'd call anything between +.5% and -.5% flat. Esp with the vix this high.

Here's a good read for you going over the details. It's a mixed report, no doubt.

I stick with intermediate bottom at about 3,400, or the pre-pandemic market high from Valentine’s Day 2020. Market will then digest earnings, Fed policy, mid-term elections, and inflation. Challenge will follow to pandemic low of the following month of 2020 at about 1,000 S&P 500 points lower as fundamentals realign with historical valuations.

LOL not even going to try to answer the question?

LOL the “good read” from the “Council of Economic Advisors” aka the Fiction section.

You bring less than nothing to this discussion.

Ok look, without being a jerk, I am seriously interested in how you see a negative EPS supporting future payouts.

EMD outperforming both NASDAQ and ☺️

I bring awareness of a different viewpoint, maybe you’re too dogmatic to perceive it. That counts for at least as much as passing off stats and Monte Carlo modeling results as reality.

I put the question to you, too.

LOL STILL no answer, even after an overture of civility. I guess you’re not worth it

LOL when a legit question is asked and no answer is offered, there IS no discussion.

Last night I was thinking regardless of the CPI print, Wall Street and the Administration will spin it as good news. So I see nothing new here.

LOL and underperforming both the DJIA and SP500.

Now that’s less than nothing! LOL

CORRECT!

It is MUCH better to just keep things in and continue to buy as the market falls, because we just don't know when it will turn north again. You are just buying ultimately at bargain prices because eventually the market WILL go north again. If you EVER get to the point where you have enough money to last the rest of your life, then do what you want. Otherwise, buy, buy, buy, buy.

LOL and mow this moran, who can see into the future.

”Past performance is no guarantee of future results.” LOL

EMD dramatically outperforming the Dow, S&P 500, NASDAQ, Bitcoin, and SHY. :-) SARK still the leader.