Posted on 09/13/2022 12:05:41 PM PDT by AAABEST
Again, it’s difficult to say with a high degree of certainty, but stock investors will likely experience a bumpy ride over the next 6-12 months. The timing is possibly the most uncertain element here. Higher interest rates and a smaller money supply will reduce loan growth and economic activity. No question on that. However, will the Fed go too far and push the economy into recession?
Globally, most of the world’s central banks are on a similar path as the U.S. Federal Reserve. For example, Europe, the U.K., and India are all raising interest rates. China, however, is not. Europe is facing a potentially serious energy crisis when the weather turns cold. This is because Europe only produces about 42% of its energy needs (CY 2020) and imports 58%. A significant amount of Europe’s energy need was supplied by Russia. Since Russia has closed the Nord Stream 1 Pipeline, Europe is forced to replace this lost energy. All of this argues for a more severe recession in the EU region.
(Excerpt) Read more at forbes.com ...
Looks like we're getting all the inflation, with none of the overheated economy that often goes with it. That's bad.
Some people, foolishly IMO, tie their very lives to Wall Street. I went completely into hard assets a while back.
“The Biden Plan is working.”
- Joe Biden
DJ down 1,000. Nas down 600. Very “smashed”
As I type this:
S&P dropped below 4k.
DOW down over 1,000
NASDAQ down 4.5%
All markets below FJB’s inauguration.
Isn’t this “Inflation Rate Reduction Day”?
But, but Chairman Dementia Joe says inflation is zero.
Follow Chairman Joe closely.
Chuckle.
You must not have any money in the stock market or an IRA. Personal wealth in this country has declined over $6 trillion over the last quarter. Recession may turn into a depression.
We are still about 40% above historic P/E ratios. There should have been sound fundamentals but there’s too much funny money floating around out there.
Nope. My family grew up on Wall Street - but I got almost all money out a while back.
I have a little in Cruise lines and a little more in an Oil index - only because it's Oil - and it's delivered over the last year and a half too.
Gold down too. Wierd.
My bond funds, which sufficed for over 15 years prior to Brandon’s inauguration, are getting killed along with the stock funds. This didn’t happen in those prior 15 years, and it really hasn’t happened since the late 1930s (supposedly, a 6040 stock/bond asset allocation is performing the worst since 1937). F*ck this country and the big money players. Everyone gets to go down the death spiral together, as far as I am concerned.
FAKE NEWS! FAKE NEWS! It dropped ‘slightly’- therefore Biden is a genius and all is well with the country- =- the stock market must have fallen for ‘sum other reason’ /s
CME Futures predictions of Federal Reserve behavior have basically “guaranteed” a 75 basis points rise in Fed Rates in about 2 weeks.
Also, expections are almost now at 100% for another 75 basis points after at next Fed meeting after that.
Mortage rates will go through the roof. The housing bubble created during Covid will not be officially “popped.” (destroyed is more likely)
During the Great Depression, society held together. This time we could have a real collapse. Mad Max?
^ 60/40
I have just a single position in Canada’s westjet. Bought it because it was cheap. Gambling that oil prices continue to fall which is good for airlines.
I got hit today. My time horizon is long so it be ok in the end. Unless there is a total collapse like 1929.
Thanks Biden.
Down 1141 a moment ago. If this continues tomorrow, Biden may be forced to shift Kamala Harris from border czar to head up his market stabilization team.
3.6% is not smashed.
1987 crash was 25% in one day.
They have circuit breakers to arrest such a precipitous decline, but just wait till you want to get your money out of your 401K and the market is “locked” and there are no bids only offers at the bottom.
I traded commodities on the floor for a while and I am telling you, you have NO idea of the pain when you are in a position that is hemorrhaging money and YOU CAN’T GET OUT B/C THE MARKET MOVES ITS LIMIT.
You wait till the shut down the markets to “avoid panic”
You ain’t seen nothing yet.
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