Bubble Burst? NASDAQ, WTI Crude Futures And Bitcoin All DOWN On Opening (Europe Stoxx Down 3.20%)

Confounded Interest ^ | 01/24/2022 | Anthony B. Sanders

[Browns Ultra Fan]

Is this the bubble burst many were expecting once The Federal Reserve starting raising rates?

Well, if today’s market opening is an indication, the answer is yes. The NASDAQ Composite Index is down 1.36% and West Texas Intermediate Crude Oil futures prices are down 2%.

But if you think the US equities are deflating, look at European equities. The Euro Stoxx 50 index is down 3.20%.

Is this a Don Ho “Tiny Bubble” burst? Or a slow deflation of asset prices as The Fed removes its stimulus?

[PeterPrinciple]

Trust me, you don’t want to see a hard crash. It will mean great hardship for everyone.

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But that is the cure....................................

[Starboard]

Plus we have an idiot in charge.

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Actually our national problem is much bigger than just one person. He’s just a manifestation our decline; every institution in society is now controlled by leftists and they have successfully propagandized most of the country.

To paraphrase the old song “We got it bad and that ain’t good”.

[Starboard]

I thought that would only happen after I got into the market.

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The great Peter Lynch said something similar in one of his books. Every time he took a big position the stock moved against him. LOL

[SlipperySlope99]

This is what worries. The democrats know they are likely going to lose their control of Congress after this November’s midterm elections. The GOP can put a stop to the destruction we’re seeing, but if the destruction gets accelerated we could very well get to a point where it’s too late by November to fix this.

[Starboard]

I get what you’re saying. It does take a lot of fear and pain to wake people up. That is definitely true.

But I’m not sure that even a financial calamity will have that effect this time. The Fed will just print money for everyone and make them happy again. ;)

[setter]

“I hope it all crashes and it will.”

Do you have money in the market?

[laplata]

I agree.

[Starboard]

The GOP is incapable of stopping or fixing anything.

And even if the Dems lose control, the GOP still lets them run the show.

It looks like a blowout for the GOP at this point but they have a way of snatching defeat from the jaws of victory and wasting any advantage they have. Just saying.

[JoSixChip]

we could very well get to a point where it’s too late by November to fix this.

I believe that ship sailed right after 11/3/2020. Once they got away with what they did, it was over. I waited too long to retire. But in my defense, I thought it would take 20 years to fully bring down America. I was wrong....Again!

[Leaning Right]

> Actually our national problem is much bigger than just one person. <

You are absolutely right about that. Trump tried his best to fix things. He had four years to do so. And he barely made a dent in the problem.

In my uneducated opinion, we’re like Rome was around 250 AD. Still rich and powerful. But anyone can see what’s bound to happen in 50 years or so.

[setter]

I read all the doom and gloom back after 2009 crash. I was told it would take 15 years for the market to get back to 12,000..I think it did it in a year or so.

I knew a few folks who cashed out and put all their money into gold ..they missed the greatest stock market return in our countries history from 2010 to present.

We need a healthy correction.

Besides where are you going to put your saving? a .025% bank account or a.050 CD?

[Karoo]

Wow. Never in my long life have I ever lived when the Dim Party was wrecked this bad. AND to be destroyed would surely be sweet.

[SlipperySlope99]

I believe that ship sailed right after 11/3/2020. Once they got away with what they did, it was over. I waited too long to retire. But in my defense, I thought it would take 20 years to fully bring down America. I was wrong....Again!

I underestimated as well, I knew Biden would be a disaster but the acceleration of the decline I underestimated. Economic depression on the horizon and potential world war on two fronts just one year into a Biden presidency. All the progress made under Trump and it's been unraveled in one year, ok two years if you start with covid.

[JoSixChip]

Besides where are you going to put your saving? a .025% bank account or a.050 CD?

Fixed Indexed Annuities. LOL

[Starboard]

In my uneducated opinion...

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Au contraire both of your points ARE evidence of an educated mind. ;)

[Leaning Right]

> Besides where are you going to put your saving? a .025% bank account or a.050 CD? <

Fed actions might end up quadrupling those numbers. But then the stock market would still be the only place to invest for the long-term - or even keep pace with inflation.

So yeah, I think you’re right.

[SaxxonWoods]

This is a much needed correction, I reallocated over the last couple of weeks into more preferred stocks and raised some cash taking profits.

Watching with much interest!

[Nathan _in_Arkansas]

Leftists and their leftist policies caused this problem. Neo-con globalists are to blame as well.

I long for the days where the opposition party was full of fiscal conservatives. Hopefully, the democrats get destroyed and they rebuild center-right on fiscal policy. Or they are replaced by a socially liberal (misnomer) but fiscally conservative party.

The time for economic make-believe is over and the leftist children need to be put in their place.

[JoSixChip]

Recovering a bit, but the day is still young. With the wild intraday swings we’ve seen, maybe it will recover. I don’t like standing on the edge.

[Starboard]

I knew Biden would be a disaster but the acceleration of the decline I underestimated.

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Same here. I’m also a little surprised at how passive and docile this country has become. Americans will tolerate all manner of abuse apparently.