Posted on 09/29/2022 2:20:31 PM PDT by ChicagoConservative27
Well
AMZN -2.72
AAPL -4.02
FB -3.67
GOOG -2.63
And that is just today.
And these are some of the biggest stocks in America.
They are heavily discounting WW III fears.
It’s just a “technical” recession. Nothing to worry about.
You don’t cash in your investments during massive meltdowns like now.
You cash in close to the top of the market.
You plan carefully and execute.
It is astonishing they talk about 2023, isn’t it? Three months is an eternity in this climate.
“Dow down more than 450 points on recession fears”
I always get a kick out of these daily headlines about stock price movement. The people that write them generally have no idea what caused millions of people to do what they did that day as there are many different reasons individuals are buying and selling on a given day.
And for every buy there has to be a seller, and vice versa. One thinks the stock is a buy at the agreed price, the other thinks it’s a sell, no matter which way the “market” goes that day.
I look at years, not days.
The Nasdaq stocks are heavily technology related and higher interest rates hit them harder than most other stocks. They do more borrowing and for shorter terms.
And inflation is zero too.
Reality: Inflation is close tp 40 year highs at 8.3%.
You gotta stop reading the Dementia Joe economics book.
The guy actually speaks to people who are dead.
Chuckle.
“Well
AMZN -2.72
AAPL -4.02
FB -3.67
GOOG -2.63’
Well
AMZN UP 280% since 2016
AAPL UP 400%
FB No such animal
META UP 50%
GOOG UP 190%
3,000 points ago on the Dow and Brandon said there is no recession. Just an inch.
“The bond market is eff’d too.”
I don’t agree with that. I’m in the bond market big and it’s going well.
I’m not here to tell you you’re wrong.
I’m just saying that there may be a long way to the bottom
yet. Biden is not going to inspire a market rally.
If anything, he’ll do things to make it all worse than it
already is.
Our gas is now the highest it has ever been, and there goes
even more inflation. I expect gas to be a dollar higher
within six weeks. It’s $6.199 here at our discount gas
station. The Mobil is listed at $7.299, both for regular.
I always get a kick out of these daily headlines about stock price movement.
Back when the Dow was 5-6-7K, reporting the point gain/loss was fairly newsworthy.
The Dow is now ~30,000. Points reporting is much less relevant.
When will the Mockingbirds start using ‘percent loss’ for the day?
Oil/gas been good, and mineral Rights payments on nat gas are WAY up.
Funny how we no longer hear anything regarding “consecutive Friday week’s end when Dow is DOWN.
Your optimism is nice, but 16,000 might be more possible.
Around 31%.
The 5 years performance had little to do with Dementia Joe.
Mostly President Trump’s work.
Lets look at
YEAR TO DATE:
AMZN DOWN 32.68%
AAPL DOWN 21.72%
FB DOWN 59.71%
GOOG DOWN 32.38%
“Jim Cramer already does that.”
Jim Cramer, who started investing young, a 150 bucks at a time, while living in his car. Now he’s worth $150 million and has a Charitable Trust that gave away about $6mm last year.
Yeah, he’s a complete dummy, I hear that all the time.
Pensions are hard hit.
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