Nonsense. Yet again you display your ignorance regarding basic personal finance. How you ever got to be a financial advisor without understanding how retirement funding works is beyond me.
Citi U.S. Inflation Surprise Index continues to plunge, eliminating all gains since January 2021 … for what it’s worth, last time we saw current magnitude of 6-month drop (-41) was end of 2006 pic.twitter.com/1p2A1PNeRz
Another good sign came from the Labor Department’s August report on import prices, which showed that prices of imported goods to the U.S. fell 1% in August, following a 1.5% drop in July. Lower fuel prices and the strong dollar account for much of the decline. Lower import prices can act as a brake on inflation.
The average price of food in the United States increased 11.2% in the 12 months ended September after jumping 11.4% previously (the most since May 1979), according to the latest inflation data published Oct. 13, 2022, by the...
Less than an hour to opening and NASDAQ down 1.2% -- My biggest bet against it up over 3%.
Keep dropping
feel free to be obnoxious - this is the internet you know - but maybe a skosh of gentleness and kindness would be appreciated as almost all of us are losing large amounts of money. Just a little matter of factness rather than cheering on the worsening of millions of personal balance sheets... might be nice here.
and still 6% above that low. But just feels like a matter of time to me before we take that out. Post Fedex all the models will now be modelling in a recession and likely selling as a result.
only real hope now is that the fed sees it is breaking stuff, headline inflation numbers come down like a rock and the Fed stops raising interest rates.
But still: US Stocks over the last ten years: +12.1% per year. Tech stocks up 17% per year for ten years.
Less than an hour to opening and NASDAQ down 1.2% -- My biggest bet against it up over 3%.
Keep dropping
feel free to be obnoxious - this is the internet you know - but maybe a skosh of gentleness and kindness would be appreciated as almost all of us are losing large amounts of money. Just a little matter of factness rather than cheering on the worsening of millions of personal balance sheets... might be nice here.
Gotta say, reluctantly, I'm with C9 / K5 / Unkle on this one.
Maybe I'll just add... we each get to look really smart or really idiotic on any given day depending on how we've placed our bets in relation to the fickle movements of the market. Igy takes a lot of heat, most of the time, for playing chicken little (along with C9 as the original K5, we think, who stared this thread); it's fair play to let him and folks like him look like geniuses for the small (so far) proportion of time when the markets are tanking. Most of the group gets to look like geniuses most of the time, when the markets are (as is usual) marching upwards.
Gotta say, reluctantly, I'm with C9 / K5 / Unkle on this one.
Agip was just posting about how great the market has performed over the past ten years but we who are currently betting against it cannot now post because he is losing some $$?
Maybe I'll just add... we each get to look really smart or really idiotic on any given day depending on how we've placed our bets in relation to the fickle movements of the market. Igy takes a lot of heat, most of the time, for playing chicken little (along with C9 as the original K5, we think, who stared this thread); it's fair play to let him and folks like him look like geniuses for the small (so far) proportion of time when the markets are tanking. Most of the group gets to look like geniuses most of the time, when the markets are (as is usual) marching upwards.
Just reporting the facts. Truthfully. As I have noted several times, this is all just gambling. Intelligence has nothing to do with it.
To believe that the market is as usual marching upwards is perhaps naive.
True for American markets since the end of the Depression. Yes.
Maybe I'll just add... we each get to look really smart or really idiotic on any given day depending on how we've placed our bets in relation to the fickle movements of the market. Igy takes a lot of heat, most of the time, for playing chicken little (along with C9 as the original K5, we think, who stared this thread); it's fair play to let him and folks like him look like geniuses for the small (so far) proportion of time when the markets are tanking. Most of the group gets to look like geniuses most of the time, when the markets are (as is usual) marching upwards.
Just reporting the facts. Truthfully. As I have noted several times, this is all just gambling. Intelligence has nothing to do with it.
To believe that the market is as usual marching upwards is perhaps naive.
True for American markets since the end of the Depression. Yes.
All markets all time. Not so
Your posts like
"NASDAQ down 0.47% as we near opening. Drop you sob"
doesn't sound like 'just reporting the facts'
but I'll retreat on this. Cheer away for the forces of doom and make people feel bad. Your call.