Posted on 10/13/2022 6:45:33 AM PDT by Tell It Right
I’m retiring on December 15 come hell or high water...
Only 2 of the last 5 DJA midterm pre-election periods in this century could be considered a 'rally'. The other 3 were statistical noise, pure duff.
Aug 2021 5.3% $100.00 X 5.3% = %5.30 + $100.00 = $105.30
Sep 2021 5.4% $105.30 X 5.4% = $5.69 + $105.30 = $110.99
Oct 2021 6.2% $110.99 X 6.2% = $6.88 + $110.99 = $117.87
Nov 2021 6.8% $117.87 X 6.8% = $8.02 + $117.87 = $125.88
Dec 2021 7.0% $125.88 X 7.0% = $8.81 + $125.88 = $134.69
Jan 2022 7.5% $134.69 X 7.5% = $10.10 + $134.69 = $144.79
Feb 2022 7.9% $144.79 X 7.9% = $11.44 + $144.79 = $156.23
Mar 2022 8.5% $156.23 X 8.5% = $13.28 + $156.23 = $169.51
Apr 2022 8.3% $169.51 X 8.3% = $14.07 + $169.51 = $183.58
May 2022 8.6% $183.58 X 8.6% = $15.79 + $183.58 = $199.37
Jun 2022 9.1% $199.37 X 9.1% = $18.14 + $199.37 = $217.51
Jul 2022 8.5% $217.51 X 8.5% = $18.49 + $217.51 = $236.00
Aug 2022 8.3% $236.00 X 8.3% = $19.59 + $236.00 = $255.59
Simple total: 97.4% inflation per the year.
CUMULATIVE inflation per $100 in the last 12 months = $255.59 =
155.59%, means for every $100 you spent for goods and services in
August of 2021, you now spend $155.59 more for a total of $255.59.
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
“...than expected”
Looks like the experts don’t know what they’re talking about.
Good point on Bonds. 2008/09 was a great time to make a ton of money on Bonds. Not this time. When the Fed pivots, probably next year, Bonds should rally big.
I’ve bee a boring investor this year. Just buying 4, 8, and 13 week bills. Objective is to not lose money. Will likely get aggressive next year.
Let’s start taking the stock market readings at the end the day - they mean more than do the opening girations.
And now it’s up over 200, damn casino. LOL
PPT was summoned early today.
Don't you know it!
The standard line is that Trump inherited the thriving Obama-Brandon economy and wrongly took credit for its spectacular growth, while Brandon inherited the terrible economy.
Not this month, the monthly increase was 0.4%.
Options. One of the features of put-heavy markets are huge rallies & violent mean reversions.
This is because as markets rally, puts lose value which drains rally fuel.
When markets sell off, puts regain value fueling downside.
Also, lots of these issues are ‘known’ ie inflation, etc. Some people, like Larry Williams think this is a bottom and are bullish heading forward.
DOW -500 at opening to +630 at 1130 hours.
Is that volatile?
Biden’s soup lines are next on the agenda hope everyone likes beets.
Those figures are wildly inaccurate. It appears that for each month you have applied the rate for the preceding year.
The Sownis up 600…
Was down more than 3% earlier today.
Complete reversal - now up 1.5% as I write this.
I did not see that happening!
People think there are bargains, I suppose.
Wild fluctuations are not unusual in a bear market.
“ That should be big news. The media is really downplaying it.”
Even when one of the disinformation media outlets does report it, CNBC uses the word “hotter” to describe inflation. Hotter is usually used to mean something is getting better. These headline writers are word experts and know exactly why they use that misleading word in the headline.
If Trump were in the WH with an approaching election, all these economic catastrophes would be leading the news every night.
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