Posted on 12/20/2021 9:48:29 AM PST by Browns Ultra Fan
Well, the Dow is down 600+ points today. Bloomberg News is blaming 1) Omicron (that we already knew was gaining steam), 2) Manchin saying “No” on Build Back Better (I predict that Senate Democrats will reach an agreement with Manchin to screw over the American people after the new year begins), but not a mention of China real estate debacle or the decline in oil prices.
Here is the three day decline in the Dow and the three day decline in West Texas Intermediate Crude futures. Likely declining because of an expected slow down in the economy, partly due to China’s RE crisis washing on US shores.
The winner is … China and the fallout from their RE crisis.
Now it could be that the Biden Administration overreacts along with State governors and Mayors helping to create another economic downturn.
With Bill de Blasio as Mayor of New York City and Laurie Lightfoot as Mayor of Chicago, I wouldn’t rule out insane government lockdowns.
(Excerpt) Read more at confoundedinterest.net ...
Yes I understand there are US states that are putting liberty first. Not so in most other parts of the world.
A crash is coming, its just a matter of when, not if...
It’s the ineptitude of Jimmy Carter with the corruption of Bill Clinton.
How can the Market not tank with Brandon in the WH?
Not everyone.
Just the entire world.
>>What is Biden going to propose<<
Biden has an easy guideline in managing the country.
Ask: how rapidly can I destroy the USA?
Do it.
Or that its just ridiculously overpriced in the first place and the big players are taking profits before year end.
Maybe low Christmas sales, inflation?
The stocks have been down for almost a month so I know it is not my stock only... whew!
I wrote this to some people on 11-12-21. That next month so far has been a roller coaster! BTW AMD has gone up to almost $164 then as low as $133+ in that month. https://finance.yahoo.com/quote/AMD?p=AMD
“AMD is merging with a company called Xilinx which should be completed by the end of the year. The stock has risen since the end of July nearly $60 in anticipation of a stock merger, $42.85 in the last month. Hope the next month does as well”.
The next variant will be called “Lambda” just like Anarctica islands.
End of the year profit taking.
Happens very often
Omnicrom, Manchin, China… nope.
It’s Biden. The market and the money just doesn’t want to follow a senile loser.
It is all interrelated IMHO too much uncertainty and without 1+ trillion in funny money to keep things rolling I think you will see a flight to safety.
Still, I have never seen such instability and volatility in the 50 plus years of paying attention. We have gone from highest just over a month ago after a recovery to now reflecting the market of late summer.
We don’t know whether we are afoot or horseback.
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