Posted on 01/06/2021 5:32:33 AM PST by devane617
I expect gas prices to be $5.00+ per gallon within a year. I also expect the stock market to take a big tumble.
I knew the steal would happen again
Ahhh, getting things back to the way Obummer wanted it, gas prices high, stocks low, unemployment through the roof.
I think stocks will be up for a bit, so demented joe can be hailed as a savior, Jesus 2.0
The late Jan-Feb period looks to be corrective. But I do not think the market will suffer any more than a normal, not that dramatic, correction. IMO. Bonds are just completely collapsing, meaning interest rates are rising and inflation is probably breaking out. Where tech gets hosed by this, financials and energy should pick up much of the slack. Banks are going to feast on this bond collapse. Look at the Russell....loaded up with regional banks. And JPM. It ain’t every day you see the Russ +50 and the NQ down -200. And CAT and other industrials are ramping wildly in response to a very hot ISM number. This is a very, very head twisty rotation on an economy-wide scale.
I think they need to bring them way down over the next two weeks, so they can say it is up by some percentage since he took office.
We’ll probably get $2000 in bidenbucks to keep us in the sheep pen.
Thank you. You have a grasp on current events and worth a read.
Dow futures are doing just fine.
https://www.cnn.com/business/markets/premarkets
A Democrat Senate majority without the filibuster, a union with 52 states and a Supreme Court with 15 judges means a wide open throttle. Zimbabwe’s stock exchange is up 65x since 12 years ago.
https://tradingeconomics.com/zimbabwe/stock-market
I doubt the spending will be anywhere near that high, but you can expect fresh stock market highs for the next several years, as inflation re-asserts itself. That’s why stock markets go up during Democrat administrations. The dollar’s value goes down, so prices adjust upwards - not just of goods and services, but of long-term assets like stocks and real property. Anyone currently holding long term bonds, however is due for a haircut, since interest rates are about to go up.
I’ve said to friends for four years that politics is like a long distance bike ride. There are uphills and there are downhills. You gotta enjoy the downhills, but prepare for the downhills. And the uphills are a comin’.
And we were enjoying a four year downhill, and we are just hitting the bottom of the worst uphill in my 67 years. Why the worst? Because the remainder of the downhill was stolen from us and it looks as though there isn’t a cop in sight.
I knew the steal would happen again
My only real concern now is that they had better be careful what they wish for - it could impact us all. They are pushing a lot of people with nothing to lose, right over the edge. Civil war is never pleasant.
I could really not be set up much better for this, but I still pray it does not happen. I have seven kids and five grandkids that are not set up quite so well.
If $5 gas and a falling stock market were the biggest problems coming, I’d be CELEBRATING today.
Here’s how people now ‘live’ in South Africa (just a random house found by looking at Google Maps), which will be our condition within a decade, considering that the same bunch is now in charge of this country and have similar scores to settle.
Between the white posts at the top of the fence is electrified wiring. Everyone has to lock-in after dark, simply too dangerous to go out, even home. If you want to have a party or just guests for dinner, then everyone sleeps over.
By the way, their houses and farms are now pretty much worthless...they waited too long.
not completely true....the market loves free money- and the rats will be giving out plenty of free money to “bail out” craphole states and cities. That’s why the market goes up during rat admins. Of course there was QE1, QE2, QE456,6754,456 during ayatollah obama’s reign of error which also helped.
The value of the dollar plummeted under ayatollah obama- buy mutual funds, stocks or ETF’s that invest in natural resources- gold, oil, silver, etc...I made a ton in natural resource mutual funds starting in Jan, 2009.
WTI (oil) is up about a buck 50 a bbl since yesterday morning.
$4 gas is coming back. Domestic production will be regulated down.
Marxist Maxine Waters has already said that she would nationalize the oil companies if she gets the chance yo do so.
My guesses (since we are playing the guessing game)
Massive overspending
Lower US dollar
Corresponding increase in value of commodities and large cap stocks
Small businesses (and companies) wither on the vine unless they are politically favored (aka “Green” stuff)
More unions plus more inflation
Fracking gets a knee on the neck, big oil benefits.
Bonds are just completely collapsing, meaning interest rates are rising and inflation is probably breaking out.
The almost year long (and counting) collapse of the world’s economy does not come without a price. A very, VERY heavy price. This is going to be a fascinating year. I’m really glad I’m on the back stretch of the human life span. I feel for my kids and grandkids.
The latter part of your post is my concern. My wife and I have done well avoiding most of the stock and long-term bond markets for 13+ years. We have plenty enough net worth to live a good retirement for the rest of our lives, but a heavily devalued dollar adds a layer of stress I had hoped to avoid. For people such as us who are so risk averse in our investments, this is not going to be pretty going forward.
You’re to numb to say more. Well you didn’t say much to begin with.
Why not give some reasons, thoughts, suggestions of what makes you
think this way? Opinions are just that but they have some bases of why
a person thinks that way.
Have a nice day........
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