Posted on 09/23/2022 8:32:48 AM PDT by Steely Tom
The trend ain’t looking good either.
The big question is: what moves are the Pelosi’s making in the market?
Its ALL supported by fiat, printed money and massive debt.
Its how progressive government maintains leftist social engineering, its how it pays for its its many apparatchiks and organizers, and its of course how you buy off the free-shit army it commands.
lookout below...recession? nah...depression dead ahead...
To be honest, it always has been to some degree. The difference is now we have an overpowering fascist government to direct this stupidity over a cliff. Before at least there were free market boundaries.
She lied.
It's a double whammy, as my investments are losing value, and the dollar is losing value. I had hopes to retire in a couple years, but I think I'll still have to work. But then, I wonder if I'll end up getting laid off.
Weeeeeeeeeeee! Havin fun yet?
>>May be a good time to buy, soon.<<
I might wait just a tad longer. lol
Obama/Biden/Soros transformation of America continues on course.
Keep your chin up, comrade. We’re all in this together!
Lower fuel prices will help the economy, but will be offset by higher interest rates.
29,514.78
11:51 AM EDT
-561.90 (-1.87%)
29,509.08
-567.60 (-1.89%)
As of 11:51AM EDT.
I'd define 'soon' as decades. It's not so much that the dollar is collapsing, it's more that it's being taken down. Has to. FED/IRS/FIAT/Fractional-reserve-bankstering all gotta go.
PMs are being held artificially low due to paper versions of metals. Silver in the 18's. Good time to convert worthless fiat to real money.
> Are we back to historic P/E ratios yet? <
Not even close. The historical average is somewhere around 15. We are now around 20. Disclaimer: There is more than one way to measure P/E. So different sources can have wildly different numbers.
There's an expression: Don't try to catch a falling knife.
Oil has dropped drastically too. We are three quarters into a recession that I believe is going to be deeper and longer then anything we have seen since the great depression.
I left sacramento for a business trip in Tampa/clearwater last week. When i left gas was $4.68 at the cheapest station i could find. When i got back a week later gas was up to $4.95. Cheapest gas no here in NorCal is $4.95. Im so sick of the swings. Took forever to get down to $4.68 and one week to go up $.30
Knock off another 2,400 points for inflation.
I’m retired and my portfolio has lost 30% from what it was under Trump, straight down since Biden’s first day in office. And I know I’m not alone.
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