Despite companies beginning to report earnings misses and poor stock performance, the S&P 500 is on the rise, leading many to wonder how the Fed will react to this new data in their coming meeting.
But no thanks on the Hussman. I'll leave that to you and your little buddy Carmine, I mean Unkle, I mean Carmine.
Those two chummy boys in the photo, you know, how one has his arm around the other - well that's exactly how I like to think of you and Unks. Just like that.
I don't track volume, but I wonder what kind of volume there was for this recent sell-off since the Fed threw cold water on the flames last week.
Again, I am hoping that the lack of a rebound today was simply explainable by the summer doldrums, and we might see some resumption of buying as the traders return to their desks. In terms of today, though, a tepid day of range bound fluctuation was encouraging because at least the big drop wasn't continuing.
I don't track volume, but I wonder what kind of volume there was for this recent sell-off since the Fed threw cold water on the flames last week.
Again, I am hoping that the lack of a rebound today was simply explainable by the summer doldrums, and we might see some resumption of buying as the traders return to their desks. In terms of today, though, a tepid day of range bound fluctuation was encouraging because at least the big drop wasn't continuing.
Need to see signs that inflation is actually cooling off before anything else. I think this will be pretty important especially as we approach the holiday spending season in just a couple months
I don't track volume, but I wonder what kind of volume there was for this recent sell-off since the Fed threw cold water on the flames last week.
Again, I am hoping that the lack of a rebound today was simply explainable by the summer doldrums, and we might see some resumption of buying as the traders return to their desks. In terms of today, though, a tepid day of range bound fluctuation was encouraging because at least the big drop wasn't continuing.
Need to see signs that inflation is actually cooling off before anything else. I think this will be pretty important especially as we approach the holiday spending season in just a couple months
we already have two months of zero m/m inflation...the year over years will start to flatten in October most likely. Oct 21 was a big spike in CPI so we'll lap that soon.
The Fed is trying to jawbone down some things and it's working. Housing is done for. Stocks are down materially. Inflation is cooling. Economic growth is gone. If we want to try to look 6-12 months in the future and buy now in anticipation of that....the facts are looking pretty good for a Fed stoppage in rate rising.
An update on the NFT market. The Apes are down only 50% and this marketplace is still doing several millions of dollars per day. Albeit down 99% from its max volume. This is so clearly a zero. Unless money launderers manage to keep the thing alive.
But no thanks on the Hussman. I'll leave that to you and your little buddy Carmine, I mean Unkle, I mean Carmine.
Those two chummy boys in the photo, you know, how one has his arm around the other - well that's exactly how I like to think of you and Unks. Just like that.
Happy trading.
Not so Jo-jo jr. The point was, Wilson told you in advance of Friday’s plunge the optimism was misguided. Your posted article just says it gets worse from here as earnings decline. Inflation is a side show.
I really hate times like these, with seemingly endless waves of selling, just day after day, grinding the indices downward. I just imagine computer programs feeding sell orders 1000 shares at a time every 60 seconds like a conveyer belt.
I really hate times like these, with seemingly endless waves of selling, just day after day, grinding the indices downward. I just imagine computer programs feeding sell orders 1000 shares at a time every 60 seconds like a conveyer belt.
I would really like to know how portfolio loan accounts are fairing at major investments firms. Closet margin accounts, where investors borrow against their securities to buy things. Borrowing costs rising while security values falling.
Need to see signs that inflation is actually cooling off before anything else. I think this will be pretty important especially as we approach the holiday spending season in just a couple months
we already have two months of zero m/m inflation...the year over years will start to flatten in October most likely. Oct 21 was a big spike in CPI so we'll lap that soon.
The Fed is trying to jawbone down some things and it's working. Housing is done for. Stocks are down materially. Inflation is cooling. Economic growth is gone. If we want to try to look 6-12 months in the future and buy now in anticipation of that....the facts are looking pretty good for a Fed stoppage in rate rising.
we already have two months of zero m/m inflation...the year over years will start to flatten in October most likely. Oct 21 was a big spike in CPI so we'll lap that soon.
The Fed is trying to jawbone down some things and it's working. Housing is done for. Stocks are down materially. Inflation is cooling. Economic growth is gone. If we want to try to look 6-12 months in the future and buy now in anticipation of that....the facts are looking pretty good for a Fed stoppage in rate rising.
This is all true. Good post.
Not so fast. SPR releases took the level to 35 year low. Europe is experiencing an energy crisis ahead of winter. GS Paul Sankey predicting oil rise well above $120 this winter.
I really hate times like these, with seemingly endless waves of selling, just day after day, grinding the indices downward. I just imagine computer programs feeding sell orders 1000 shares at a time every 60 seconds like a conveyer belt.
If you are still contributing, then it's a bigger sale every day. It WILL come back up, because it always does.
If you are retired (and not like I am with a spouse who still works, but actually with all income earners in the household retired), then you can do any of these things:
1) Spend less so that overall you draw less.
2) Spend ONLY from other sources of income (SS, pension, CDs, etc.).
3) Use Emergency Fund money if you had built that up enough. I have this now, but the plan when The Lovely Mrs. Flagpole retires in now less than 5 more years, is to have 3 YEARS of expenses saved that is not in the market. This allows bills to be paid without having to touch invested money, both giving the market time to recover and also needing fewer years to use that money. This is a philosophy that I think is solid, but I MAY have to rethink it in my situation as we have more money invested than I thought possible, so I don't really need this protection anymore. But...it's not hurting to have some cash on hand either. Probably really I just won't need to use it to counteract any stock market drops.
4) Just take your allotted withdrawal anyway. The reason there is the 4% rule is to account for down markets.