would be awesome if you take this learning opportunity to the politics thread.
meaning when you are proven 100% wrong, and that the market is indeed trading down 1.6% after 8:30 AM you will realize that many of the things you "know" about politics are wrong.
Yep.
All was doing okay until 8:30 AM when a full blown swoon began.
Why?
All at once>
are you literally asking why the market fell at 8:30?
would be awesome if you take this learning opportunity to the politics thread.
meaning when you are proven 100% wrong, and that the market is indeed trading down 1.6% after 8:30 AM you will realize that many of the things you "know" about politics are wrong.
Yep.
All was doing okay until 8:30 AM when a full blown swoon began.
Why?
All at once>
Actually good for me.
My top 2 holdings do well when market tanks.
3rd is twitter which is still positive.
Rest of my stuff getting hammered twice a bad as the S+P500
well the bull spin is that this is mostly an energy inflation. That roughly half of the inflation is from higher energy prices. Which is bullish for stocks because a) the fed knows that its inflation-fighting tools won't reduce the price of energy. and b) oil prices have fallen sharply in July.
So a bull might say (again) "one more month just have to wait one more month to see declining inflation as falling energy prices make it into the CPI or PCE index."
Eventaully the 'one more month' strategy will work, but it's a painful wait.
Was it the inflation coming in at a whopping 9.1%?
Are you serious? The report was released at 8:30. It was bad. Market saw the new data and tanked. You must be trolling surely? Either that or utterly brainless.
... roughly half of the inflation is from higher energy prices.
Curious to know what gas prices are doing around the world. In my neck of the woods, gas is down ~ 10% from its peak over the past couple of months. Same / similar or different for you all?
... roughly half of the inflation is from higher energy prices.
Curious to know what gas prices are doing around the world. In my neck of the woods, gas is down ~ 10% from its peak over the past couple of months. Same / similar or different for you all?
good source for gas prices. they are indeed falling quickly. off a very high peak.
Was it the inflation coming in at a whopping 9.1%?
Are you serious? The report was released at 8:30. It was bad. Market saw the new data and tanked. You must be trolling surely? Either that or utterly brainless.
here's a good takeaway: you said you were 100% right that the market was not tanking, that only your own stocks were tanking.
100%. Not 99%. 100%. You said you were 100% sure about something. You saw no chance of error.
You turned out to be completely and obviously wrong.
Take that away on a run, a walk, a ride, a lift. And ponder that when you are posting elsewhere with 100% surety.
Not true.
I was asking a question.
At the time, marketwatch was not showing a drop in the S+P500 for some reason.
Why is the value of a stock in a car company X $ fall to .95X $ when the anticipated inflation rate of 8.8% gets reported as 9.1%?
Why are you still trying to convince yourself inflation is settling down by pointing to anecdotal evidence re: gas prices?
Why so sensitive?
'Why so sensitive?'. Jeez man, you have done nothing but whine for months now and you have the gall to call overs whiny and sensitive?
The market is always jumpy around CPI data, especially when it's at historic highs. If it had come in at 8.5 it would have likely rallied, foreseeing a potential coming down in inflation. It went the other way so spooked people.... Hence panic.
here's a good takeaway: you said you were 100% right that the market was not tanking, that only your own stocks were tanking.
100%. Not 99%. 100%. You said you were 100% sure about something. You saw no chance of error.
You turned out to be completely and obviously wrong.
Take that away on a run, a walk, a ride, a lift. And ponder that when you are posting elsewhere with 100% surety.
Not true.
I was asking a question.
At the time, marketwatch was not showing a drop in the S+P500 for some reason.
Why is the value of a stock in a car company X $ fall to .95X $ when the anticipated inflation rate of 8.8% gets reported as 9.1%?
Why are you still trying to convince yourself inflation is settling down by pointing to anecdotal evidence re: gas prices?
Why so sensitive?
anyone can go to the previous page and see that you said your stocks were falling but the market wasn;t. Obviously the market was tanking at the same time, but you couldn't figure that out. When corrected, you said no, you were 100% sure about your claim. 100%.
Enough. This is one reason why I won';t talk to you or even read your posts on politics threads. You will never admit error or gray area, only 100% sureness, even when you are wrong. It's no way to go through life.
I had a good lesson in b-school. A prof asked us to estimate the range of weights of a loaded 747. He said just make sure you are right. We all came up with actual weight ranges in pounds or kgs....and most were wrong.
When all we had to do....the point of the lesson....was that we could say 'that 747 weighs between 1 kg and 3 quadzillion kgs.' And we'd be right. We'd get an A and be correct. We didn't want to admit any possibility of failure...we tried to be exact and in that way we failed.
You should stop with your big pronouncements and claims and go with more gray area. A lot less 100% claims.
the conventional wisdom is that unless the CPI number is massively higher than expected, the market will rally. That we all know the crash in prices in the second half of June and July so this number just has to be passable for stocks to rally.
we will see.
well well well
maybe the conventional wisdom was correct. tech now in the green, small caps flat, big caps down just 30 bps.
maybe traders are able to say 'one more month just wait one more month' again.
the july data are strikingly disinflationary:
Jenny VL Harrington @GilmanHill Remember, CPI is a lagging indicator Commodity $s have plummeted from peaks: Lumber -58%, Nickel -54%, Aluminum -37%, NatGas -31%, Steel -28%, Wheat -28%, Zinc -25%, Lead -23%, Copper -22%, Soybeans -18%, Corn -16%, Cotton -14%, Cocoa -14%, Oil -13%, OJ -11%(Rosenberg Research)
the conventional wisdom is that unless the CPI number is massively higher than expected, the market will rally. That we all know the crash in prices in the second half of June and July so this number just has to be passable for stocks to rally.
we will see.
well well well
maybe the conventional wisdom was correct. tech now in the green, small caps flat, big caps down just 30 bps.
maybe traders are able to say 'one more month just wait one more month' again.
the july data are strikingly disinflationary:
Jenny VL Harrington @GilmanHill Remember, CPI is a lagging indicator Commodity $s have plummeted from peaks: Lumber -58%, Nickel -54%, Aluminum -37%, NatGas -31%, Steel -28%, Wheat -28%, Zinc -25%, Lead -23%, Copper -22%, Soybeans -18%, Corn -16%, Cotton -14%, Cocoa -14%, Oil -13%, OJ -11%(Rosenberg Research)
In my mind, the big forward event is earnings. Not surprised with the turn in NASDAQ. Does not pay to be hard positive or negative at the moment, imho.