Posted on 02/26/2021 1:43:37 PM PST by cann
The Dow Jones Industrial Average fell 469.64 points, or 1.5%, to 30,392.37. The S&P 500 shed 18.19 points, or 0.5%, to 3,811.15. They posted weekly losses of 1.8% and 2%, respectively.
While the Nasdaq Composite gained 72.91 points, or 0.6%, to 13,192.34 on Friday, it posted a weekly loss of 4.9%, the sharpest weekly decline since Oct. 30. Tech stocks have been hit by concerns about rising yields; potential earnings growth tends to be projected further in the future for tech stocks, and investors often assign steeper discounts to future earnings when yields rise.
(Excerpt) Read more at marketwatch.com ...
I can’t believe that people are investing in a market that will be slammed by the policies of the rats.
“Don’t blame BidenHarris. They inherited Trump’s mess.” - the media mantra you’ll hear 24/7 as stagflation returns on the Dems’ asinine, job-killing economics.
You call down a thousand “investing”?
It’s the democrat anti-business / anti-American program.
The stock market has been on a tear since November...until today. I call that trend investing.
Maybe people have finally woken up to how bad these communists are for investing.
Absolutely epic movement in the bond market over the last 10 days. Yesterday was apparently the capitulation move.
Can’t find it in an internet search.
“The stock market has been on a tear since November...until today. I call that trend investing.”
Definitely. I’ve been in the market for over 40 years. Presidents come and go. Bull and bear cycles come and go. If one saves and invests unemotionally and patiently history shows they are usually rewarded. First though ... one must save.
We've been pulling out of stock investments, 2/3rds over the last few months, adding to cash reserves. Hurts that the stocks continued to climb. But the remaining 1/3rd investment has continued to make money... until today. The market can crash and we won't cry, but will re-invest at the lows. Yes, that's investing.
Look at the 10-year Treasury Bond yields. They've been going up slowly but steadily since historic lows back in October 2020.
Just as in the Roaring 1920s, early October 1929, the so-called experts think the Markets will just keep going up forever...who needs Trump? They're forecasting 7% Growth in GDP for 2021...no matter how many good-paying jobs Biden throws away...not matter how many small businesses close...no matter how much they spend on Green New Deals or free Healthcare for Everyone. They'll just keep sending out $1.9 Trillion "stimuli"...like the party is just beginning, Baby!! ROFL.
Inflation is about to take off like a rocket.
And the Markets about to collapse.
And the cost of the Federal Debt SOAR!!
Hang on!!!!!!!!
It really sucked to see that I had guessed so badly watching the market soar after that decision. The good news is that I am flatlined at my peak.
Now is the time to hold on then buy low. I expect that point to be in about two years when the rats may lose their grip in congress. Until then, they will do the economy an immense amount of damage.
I traded the 10yr and long bonds in May when the long bond moved something like 12 handles in one day. At one point I stopped trading and watched in jaw dropping awe. Never saw that in 4 decades.
...Inflation is about to take off like a rocket.
If you get out of the market, and go to cash, inflation will be a direct hit. Combo of market crash and inflation is lethal to investments. (Gold/Silver/Land alternatives?)
What the last few days are telling us is that the stock market has not reflected any kind of sound business fundamentals in the U.S. economy in years. Its valuations are based almost entirely on the fact that it was a comparatively better investment than what was available with absurdly low bond yields.
This has been a speculative bubble driven by low interest rates for more than ten years.
I bailed just before Christmas when it became apparent that the steal would not be stopped, and that Biden’s reckless fiscal policies would doom America. The continued rise in the markets was a fantasy. I may have missed a small short-tern gain, but I’m not taking another 2008 wild ride. I’ll get back in when things shake out.
You're right. So, I'm reminded of the 1970s. Maybe gold, silver, other precious metals, real estate might be good...Hillary made a killing in Cattle Futures. Could history repeat itself?
Joe Biden has been a crony-capitalist and corporate fascist for his entire career in politics. He was a paid b!tch owned by big Delaware companies like MBNA and Dupont Chemical for years.
I said here on FR back in November 2020 that the U.S. stock market will likely do very well under a Biden administration -- but for all the wrong reasons.
You know that was a pure payoff scam, yes? A futures broker would go long and short and then whatever trade was profitable, that trade was put in her account and the broker took the losing trade. Did that day after day until the account was run up to $100K. That guy did get charged.
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