so you are a true believer in BTC? You think it will work over time as a store of value?
BTC is garbage. Not at all surprised by its plunge. Would not recommend anyone "buy the dip" on something with no instrinsic value.
That $67,582 wasn’t a miracle of “wealth creation.” It was wealth surrender by speculators meeting wealth extraction by “miners.” After that, it’s bagholders all the way down. https://t.co/1HlO40VkSr
Interesting graphic. Possibly worth understanding Jan 1 is an arbitrary date and makes things seem more unique than they actually are. This year is bad partly because we hit the peak shortly into the year, and the market has dropped relatively quickly. Other drops like this have happened, they just didn't start in January. Still suggests ending the year lower than we are now is improbable (though still possible).
I think we will see new lows over the next 30-90 days before starting to trend back upwards.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
the dow finished 1987, the year of the crash, in the green. I think.
I have said previously here that when the Dow has had pretty bad starts to the year (down January and February) 88% of the time it has finished in the green for the year.
the dow finished 1987, the year of the crash, in the green. I think.
I have said previously here that when the Dow has had pretty bad starts to the year (down January and February) 88% of the time it has finished in the green for the year.
Ending the year in green would mean climbing about 31% from current levels. Not saying it won't happen, but that would be pretty extraordinary. I'd be thrilled if we hit 4800 again 12 months from now.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
Part of me does think this one could be really bad because we're already down ~24%, and the recession is just barely starting. The full effects of inflation haven't been felt yet, interest rates are going to increase more still, and people are going to get into trouble when they can no longer pay their bills... I think some of this is priced in but probably not all of it. I think it's possible we only drop another couple percentage points, but I also think it's possible we drop another 10-15%, which would be really bad... 3300 is not out of the question. However far we drop, I think the bottom will be this year.
I agree with the new low intermediate time frame. Though I believe the market will continue to deteriorate on earnings cuts, stubborn inflation, continued investor discouragement, followed by climatic fear, and concluding with apathy. Likely to last well into 2023.
Part of me does think this one could be really bad because we're already down ~24%, and the recession is just barely starting. The full effects of inflation haven't been felt yet, interest rates are going to increase more still, and people are going to get into trouble when they can no longer pay their bills... I think some of this is priced in but probably not all of it. I think it's possible we only drop another couple percentage points, but I also think it's possible we drop another 10-15%, which would be really bad... 3300 is not out of the question. However far we drop, I think the bottom will be this year.
Little has really happened at this point. Consider this, $5 Trillion in QE of pumped in liquidity and $2 Trillion in stimulus over 20 months. An amazing amount! Wasted, gone, unless you factor the explosion of asset prices, and the rising cost of things. To regain balance in the economy shrinkages have only started, imho. S&P 500 3,300 only gets you to the pre-Covid low. I would say at the Covid low of 2,200 you inflict enough economic carnage to reverse most of the insanity of the last two years. We are not even close to erasing the foolish economic theories and behavior of this cycle.
Part of me does think this one could be really bad because we're already down ~24%, and the recession is just barely starting. The full effects of inflation haven't been felt yet, interest rates are going to increase more still, and people are going to get into trouble when they can no longer pay their bills... I think some of this is priced in but probably not all of it. I think it's possible we only drop another couple percentage points, but I also think it's possible we drop another 10-15%, which would be really bad... 3300 is not out of the question. However far we drop, I think the bottom will be this year.
Little has really happened at this point. Consider this, $5 Trillion in QE of pumped in liquidity and $2 Trillion in stimulus over 20 months. An amazing amount! Wasted, gone, unless you factor the explosion of asset prices, and the rising cost of things. To regain balance in the economy shrinkages have only started, imho. S&P 500 3,300 only gets you to the pre-Covid low. I would say at the Covid low of 2,200 you inflict enough economic carnage to reverse most of the insanity of the last two years. We are not even close to erasing the foolish economic theories and behavior of this cycle.
That said, I think we are due for a rally, up to ~3,850-3,950.
Little has really happened at this point. Consider this, $5 Trillion in QE of pumped in liquidity and $2 Trillion in stimulus over 20 months. An amazing amount! Wasted, gone, unless you factor the explosion of asset prices, and the rising cost of things. To regain balance in the economy shrinkages have only started, imho. S&P 500 3,300 only gets you to the pre-Covid low. I would say at the Covid low of 2,200 you inflict enough economic carnage to reverse most of the insanity of the last two years. We are not even close to erasing the foolish economic theories and behavior of this cycle.
That said, I think we are due for a rally, up to ~3,850-3,950.
Using LetsRun parlance ... the Nasdaq is BACK BABY! Just kidding but it is up 1.43%. This could be the beginning of something really good for all of us or (probably more likely) the continuation of something bad for all of us. Hopefully, the former.
Little has really happened at this point. Consider this, $5 Trillion in QE of pumped in liquidity and $2 Trillion in stimulus over 20 months. An amazing amount! Wasted, gone, unless you factor the explosion of asset prices, and the rising cost of things. To regain balance in the economy shrinkages have only started, imho. S&P 500 3,300 only gets you to the pre-Covid low. I would say at the Covid low of 2,200 you inflict enough economic carnage to reverse most of the insanity of the last two years. We are not even close to erasing the foolish economic theories and behavior of this cycle.
That said, I think we are due for a rally, up to ~3,850-3,950.
Will wonders never cease ... Igy is predicting a rally?!!!