Posted on 05/11/2022 1:36:13 PM PDT by Tell It Right
Stocks fell on Wednesday, dialing back earlier gains as investors continued to digest the latest U.S. inflation data.
The Dow Jones Industrial Average fell 326.63 points to 31,834.11, or 1.02%. The S&P 500 slipped 1.65% to 3,935.18, and the Nasdaq Composite dropped 3.18% to close at 11,364.24.
(Excerpt) Read more at cnbc.com ...
The Fed giveth. The Fed taketh away.
Since Brandon entered the WH the S&P 500 is up 3.3%
Printing trillions of gibs muh dat bucks has diluted the dollar. And interest rates are going to have to go up at some point. The wolf is at the door.
This is like a mirror image bull market. My holdings are going down, of course, but buying puts on the indexes has yielded a rich harvest.
Yeah, and to think many people and retirees watched helplessly as their 401K, etc. got wrecked under ObamaIdiot and the housing bubble pop...
Imagine them same people now.
Not seen anything yet, stay tuned.
Where is that little cartoon ... Buy the F..king dip?
I usually follow the S&P 500 and when I looked at the charts this afternoon, it appears the next level for any support is about 3400. That would be another 500 point drop.
Bond market was up today and that implies folks are getting scared and are moving their money into bonds.
Bitcoin = $29,185
Ya know one wonders? How far will the American public let this clown and his merry bunch of marxists cause decline of this country until sane people say that’s enough! What will be the breaking point?
But stand with Ukraine!
Shiller PE ratio at 30.6 is still 18% higher than the 20-year average of 25.9.
and Brent crude back up to $107....happy days aren’t here again
Year over year CPI was up 8.3%
Little mentioned is the month over month numbers.
April food was up 1% over March food. If that trend continues, food will be 12% higher this time next year.
For Americans, the breaking point is when they can’t continue to buy stuff. For us, it’s when they start taking stuff. However, I’m already beyond fed up with these divisive, lying pricks.
Our reality is this the Biden administration does not care about this nations economy. I know 90% of us are aware of that but it must be said over and over again they don’t care. They’re here to culturally change this country. And they were willing to cheat on the election to do it. The crap that’s going on is far bigger than the market I hate to say. And Joe Biden is the perfect vehicle to get all this done.
April 2021 bill: 10.3 cents per kWh after rate riders, taxes, etc.
April 2022 bill: 13.4 cents per kWH -- a 30% increase!
Our trade deficit is also ballooning. Basically, we are now exporting mostly dollars.
“Yeah, and to think many people and retirees watched helplessly as their 401K, etc. got wrecked under ObamaIdiot and the housing bubble pop...”
As soon as Biden took office, I reposition 90% of 401k into a stable value funds. I am only down .097%.
Looking at buying some I Bonds on the side. Those are paying 9.62% and State/local tax free when I cash out. Those go up with inflation.
Correction .97 not .097
That is you, and I am happy for you.
That said, what you have done or may do does not negate the millions of others that are getting wrecked, yeah?
“April 2022 bill: 13.4 cents per kWH — a 30% increase!”
I just noticed that on my power bill today. Seriously thinking about setting up power generation on the river in front of my house now.
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