If I tried to calculate an inflation adjustment my computer would yell: "Let's go Brandon! "
Posted on 05/12/2022 9:33:23 AM PDT by Tell It Right
Stocks fell on Thursday after a failed attempt to bounce back from the session’s earlier losses.
The Dow Jones Industrial Average dropped 310 points, or 1%, after being up more than 80 points earlier in the session. The S&P 500 fell 0.9% and the Nasdaq Composite advanced dipped 0.6% after rising as much as 1.6%.
(Excerpt) Read more at cnbc.com ...
If I tried to calculate an inflation adjustment my computer would yell: "Let's go Brandon! "
It’s just Sleepy Joe building back better.
The temporary upswing was the ‘dead-cat bounce’!
When Senile took office on Jan. 20, 2021, the Dow was at 31,118. Its getting close to that level now, just a few hundred points off. Is this something Mr. Dementia will scream about, like he did yesterday in Chicago?
That’s a rather nice way to say the market is tanking. CNBC is the apology network for Biden’s economy, lead by the hideous stupid and all too often wrong Crammer. He couldn’t trade his way out of a wet paper bag.
Below 3,854 on the S&P is 20% down from the all-time-high, a bear market indicator. That number could be the next battle line.
Cramer’s the fellow who, on February 29, 2000 (a leap year), said to put all your money in ten dot.com and tech startups. The Nasdaq started crashing ten days later. Most of those companies don’t exist anymore.
He should have been fired right then and there and told to get a real job like the rest of us.
NASDAQ is up now.
The market is so volatile that what is headline now will be the reverse in 10 minutes.
It’s in a state of fibrillation. Usually such a state indicates that a floor or a top is getting close to being reached.
The bears have been on a rout recently. The bulls are trying to make a stand, but there aren’t any catalysts on the horizon that favor the bulls, except for the fact that the indexes have been so trashed that bargain hunters are starting to dip their toes in the water.
Things that might favor the bulls are if the Russian war ends, the Rats are routed in the coming elections, and inflation starts coming down.
So what are you going to do, start dipping your toes in the water or wait longer?
One thing that is for sure is that sooner or later things will turn around - always have.
He was probably selling his stock to the dupes watching.
Cramer’s the fellow who, on February 29, 2000 (a leap year), said to put all your money in ten dot.com and tech startups. The Nasdaq started crashing ten days later. Most of those companies don’t exist anymore.
You must remember him on thestreetdotcom & his buddy Herb Greenberg. Cramer was a perfect contrarian but as he was hyping or bashing a stock, & maybe front running hedge funds(IMHO)
This trend is not your friend.
He also said not to worry about Lehman Brothers just before they went belly up. He’s a loud mouth ignoramus.
If it takes too much longer to reach the 30% mark I'll wait until it's down 40% (dot-com burst took 2 and half years to drop 49%, mortgage meltdown took 1 and a half years to drop 56%).
“If it takes too much longer to reach the 30% mark I’ll wait until it’s down 40% (dot-com burst took 2 and half years to drop 49%, mortgage meltdown took 1 and a half years to drop 56%).”
This does smell more like those two, but probably not as severe. But it’s definitely not going to be a V type recovery.
The bite of the significantly higher interest rates haven’t started to be felt yet. Higher unemployment and a recession seem almost unavoidable, if you’re going to bring inflation down.
All Bidens and dimocraps fault. All of it.
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