Posted on 09/13/2022 6:09:57 AM PDT by tanstaafl.72555
ock futures dropped on Tuesday morning after an August inflation report came in hotter than expected.
Dow Jones Industrial Average futures sank 406 points, or about 1.3%. S&P 500 futures fell 1.7% and Nasdaq 100 futures slid 2.3%.
The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month.
Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.
(Excerpt) Read more at cnbc.com ...
So, understanding that bear market rallies are sharp and fast, and understanding that events like the Ukraine war, and sleight of hand numbers will be played, my strong advice is that you should be COMPLETELY out of markets for right now. Get in cash, or if you are feeling bold, go to gold and silver.... with the understanding that until the dollar is accurately priced on world markets that PMs are going to be priced as assets, not alt money and you will likely see them swoon until the dollar bust comes into its own.
Things are going to get VERY ugly but they are going to have countertrend rallies like the past few days as the big boys try to algo you in to pushing up stuff so they can get a better exit point. Don't buy it.
Disclaimer. I am radically short the S&P and US 30 year treasuries and "lost" a good bit of money in the recent rally. I stayed short and did not liquidate, and am now confirmed ..... again.... that we are headed for a complete market meltdown.
Would agree, but it’ll go to a massive scale across the globe on this downturn. A number of Chinese banks won’t be surviving this episode.
way to go Brandon (and the socialist Democrats)
I thought the Stock Market could see out at least 6 months.
I have a generally similar perspective.
CEO of Bank of America on Bret Baier’s show last night said that after two negative GDP quarters he thinks the next will be near flat followed by at least two more negative quarters. So basically he’s saying 5 negative quarters, so we had better plan on the new GOP Congress getting blamed.
Sheesh, if we can’t get back both houses with this tanking economy the voters and the GOP are braindead like Biden.
Well that didn't age well.
I too have been shorting this rally. Still waiting for 3 mo and 10 year to invert to get really short. Plenty of ammo left.
-599
the bull case for stocks is: if the economy sucks enough the fed will cut rates and print more money....
“Inflation Reduction Act” is working as good as the “Affordable Care Act”
Remember Cash for Clunkers ?
WHAT? Biden’s Inflation Reduction Act, Infrastructure Bill and the other to multi trillion dollar spending bills didn’t tame inflation? Must be Trump’s and those MAGA domestic terrorists’ fault.
Plan on another five year before retiring, gang.
That’s a local phenomenon.
Wholesale has gone from 4.25 beginning of June to 2.45 currently.
Biden draining the SPR has definitely had an effect.
Yep, if people look at their retirement funds and see a 20% drop, it takes 40% to make that up to be even. So 7.5% a year for five years to get back to even, thanks to the Democrats. Now how can you reward that with your vote?
One thing that trading markets will do is HUMBLE you. It takes you from a “the market will do this!” to “maybe it might be smart to play it this way, and do this if it doesn’t work out the way you think.” I cannot count the number of times over the last 35 years I have lost money (sometimes big money...., or at least big for me) on a “sure bet.”
So I would encourage people in here NOT to take out a second mortgage on your house and buy SPOOZ puts (S&P500 futures options that make money if the market goes down) or something crazy like that. Number one rule is manage your risk. Unfortunately, just having money in either the equities markets OR the bank is a huge risk nowadays due to the FED and its crazy crap.
Good luck to all, and stay safe.
Brandon screwed the county.
And where does that leave the American people? Up the creek without a paddle UNLESS REPUBLICANS TAKE BACK THE HOUSE AND SENATE.
That’s it. VP Harris is too dangerous and stupid to be the person who calls the tie.
Only 400?.....meh......................😒
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