Damn that Trump.
I’m down about 50k
Charlie Brown committed suicide.
It’s a cold, dark winter so far :-/
After a drop early on Monday the Dow later in the day climbed back up to where it was and perhaps a tad higher for the day.
The reality is that the market is grossly overpriced. Utilities at 23 times trailing earnings? Big tech at 50 times earnings? Companies losing money hand over fist at 50 times sales?
If interest rates go up 100 basis points, you will see a sudden and dramatic fall.
I gave a presentation to my investment club using a few simple valuation formulas. These formulas predict that if interest rates rise 50 basis points, Amazon stock will fall 22%, and if they rise 100 basis points, Amazon will decline 36%. Numbers don’t lie.
I dunno,,,I did pretty good with Oil plays.
Stock markets went down. At the same time, bond funds got clobbered. This has not been my experience with bond funds investing in them the past 20 years. I hate this planet.
One of N reasons to totally avoid trusting or supporting the airlines.
Where N is a very big number.
For no good reason, the most reliable indicator of a year’s stock market performance is the Super Bowl indicator. It’s 74% accurate over the past 50-odd years. It says that if the AFC team wins, it will be a down market, and vice versa for the NFC team.
Unfortunately, I think KC is the most likely to get into and win this year.
Sell, sell, sell!
We need a healthy correction. I would like to see it drop another 2000-2500.
And gold is taking a dive again.
Stocks down, inflation up, toilet paper missing.
All is right with the world.
I don’t feel badly about stocks. I’m in the crypto market. I would LOVE to only be down 10%.
My AMD stock has lost about 35% in 2 months since Fed Chairman Jerome Powell stated early December that up to 4 interest rate hikes may be needed. The price is back to where it was last mid October.
I watch about 30 stocks and they are all going down down down since then. I know my stock is good so it is the economy and the democrats ruining it.
AMD has their earnings next Tuesday and it should be good as usual. If Trump was president the economy would be roaring.
Not just AMD affected so I am not to worried... AMD recovered from the chinese virus quickly as did most stocks and that shutdown our country and it still went up in a few months and continued up.
With the good quarterly results coming and the merger approved it can get back up quickly. The stock rose to it’s high in about 6 weeks so there is that possibility of recovery.
I hope the stock market can recover from the democrat party virus!