Posted on 09/26/2022 10:27:23 AM PDT by Signalman
The Dow is a meaningless index. S&P 500 is 1000x better or even better, VTI which covers all stocks including mid and small caps in addition to the large caps. The dow not only includes just 30 companies, the way they calculated is not market cap weighted but share price weighted, which is absolutely meaningless.
Waiting to buy some Suncor, but still thinking oil hasn’t quite bottomed yet.
If you understand gold you deserve a medal because I don’t think anyone does. The current message is that gold is afraid of an aggressive Federal Reserve.
Gas prices are well above 5 bucks in reno, and never got below 4.50
The more expensive “winter blend”.
Refinery fires.
Refineries closed for maintenance.
Record oil company profits.
Pardon my cynicism about all this. The Great Reset will require a lot of misery in order to break our wills. It’s definitely on course.
If only I had bought oil stocks when the oil price was negative!
Down over 20% YTD.
Anyone checking their 401Ks ain’t voting Rat.
“I expect the markets to continue to fall until the fed reserve signals its almost done raising rates or at least stops/massively slows QT.”
That pretty much describes how and why the 22 month long bear market reversed course in August 1982.
But there’s differences today that could spoil the hope that Fed easing would have the same effect this time:
“Paul Volker And 1982. Why Now Isn’t Then.”
https://www.advisorperspectives.com/commentaries/2022/08/24/paul-volker-and-1982-why-now-isnt-then
” oil price was negative!”
Oil price was never negative.
Yep, and those checking are between 50 and 70 years old an they tend to vote.
I seem to remember there was one day it hit $-35. Or was that just the futures?
Good and now gas prices need to go up all before November midterms
The problem with that line of thinking is that an average retirement is close to 20 years. Often much longer than that. So they actually do have time to gain it all back (while beating inflation).
I have a MIL who retired at 62 and she's almost 90 today. Her biggest regret was getting out of the stock market and converting her nest egg to an annuity - which today scarcely meets her needs. She is literally running out of money which is a nightmare scenario for an aging retiree with no option of going back to work. Had she stayed in the stock market with what she had back in 1995 (the year she retired), she would easily be a millionaire today.
Of course it is
Libtards in charge.
So annnuities don’t get adjusted for infltion?
Isn’t that the story of why Nixon finally ditched the gold standard? One of the European countries, France I believe, wanted to repatriate their gold. Then the United States was forced to say “Uh oh, um, we don’t have your gold, um, the dog ate it.”
“I seem to remember there was one day it hit $-35. Or was that just the futures?”
Just futures expiring and traders not able to take delivery.
Don’t worry.
We have idiot voters who have faith in The Inflation Reduction Act.
Because the rats know they’re too stupid to look beyond the lying name they gave it.
They know how stupid their target audience truly will be; it’s a constant.
At least if they hold tight, they will be in position to ride it back up, even if it’s years later.
After the Crash of ‘29, the Dow didn’t recover to its previous high for 25 years.
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