My 401K has been suffering under the Biden admin.
Let’s hope that Biden doesn’t hold any more press conferences for a while.
We need a good healthy correction.
I would like to see to down drop down 2500-3000 points..similar to controlled burns in the forest rather than a raging forest fire.
Whenever a government prints currency to achieve political goals, the economy of that country eventually contracts. Economic activity that presupposes a stable value of currency simply cannot function well. Sometimes that economy collapses entirely. The recent instability of the stock market in conjunction with a real time 15% inflation rate, even more in energy, is a very bad omen.
It’s time for the Fed to take away the punch bowl.
Party’s over.
Another worst week for resident biden...
Many.
Bubbles.
Need.
To.
POP!
But believe it or not there are rules here about not changing headlines.
Good,
I’m sick of the bloat in the stock market.
This cheap money era can’t go away soon enough from my perspective.
Blah blah. They’re higher than they were on Dec 2. This is hardly the great crash.
Amazon was the straw today. “Break”
Not advestment advice, but my cursory research today is a lot like the falling knife after 9/11 aka put you clients $ in lesser loosing funds. Inflows are going into Bonds (TIPS), Large and mid Value, Divi plays and Utilities, flight to safety. Oil/Energy has been doing ok, but not today.
Three years of going sideways or a loss after 3 yrs of Trump's rocket ship, whatta freakin downer...
The only place I would like to see Hillary walk to is the perp walk in federal prison, preferably Gitmo. No, make that waddle.
The Biden economy is becoming very painful.
Netflix, who is no friend in FReeperville, is down hard today.
NASDAQ › Netflix, Inc. (NASDAQ:NFLX)
392.2100 -116.0400 (-22.83%)
Netflix was trading at $700 in mid-November 2021. It is down almost 50% in less than two months.
Twitter is another FReeperville unfriendly that is setting a 52 week low today.
NYSE › Twitter, Inc. (NYSE:TWTR)
35.19 -2.09 (-5.61%)
https://quotes.ino.com/charting/?s=NYSE_TWTR
Be wary of long tails up-—
https://stockcharts.com/freecharts/pnf.php?chart=$spx,PLPADANRBO[PA][D][F1!4!2.5!!2!20]&pref=G
Last Thursday I sold ALL my stocks (close to .5 mil worth)and money is sitting in insured savings accounts.
Just has a hinky feeling in my gut about the market and everything in general. As my brother in law told me.....”Always listen to your gut” He advised me that he has sold out everything 4 times in the last 40 years and told me he was NEVER sorry after words that he had done it.
I was going to say, “this is what happens when the federal reserve quits buying up market assets.” But the federal reserve HAS NOT quit buying up market assets; it’s shifted into overdrive. WHY IS THE FEDERAL RESERVE RAISING MORTGAGE RATES (by raising overnight lending) WHILE DRIVING DOWN BOND RATES BY BUYING UP BONDS???? This is looking less like economic intervention and more like simply printing cash to pay to billionaires.