Posted on 07/19/2021 9:19:03 AM PDT by AAABEST
Energy stocks plummeted as well following a more than 3% drop in oil prices. Chevron (CVX) and Exxon Mobil (XOM) were down nearly 3%.The OPEC+ group of nations also agreed over the weekend on a deal to produce more oil, a move that could boost supply and reduce crude prices.
Long-term bond rates continued to slide as well, a sign that fixed income investors are now far more worried about a Delta variant-induced economic slowdown than they are about rising inflation fears. The yield on the 10-year US Treasury sank below 1.2% for the first time since February.
But as consumer prices continue to rise, some worry about a more insidious threat: the possibility that another Covid-19 outbreak could slow the economy even as inflation pressures mount. That's a phenomenon known as stagflation.
(Excerpt) Read more at cnn.com ...
lmao..haha
For most of my investing life, I had a strong position in auto stocks.
In the 1920s they did a census survey. They asked people who owned cars if they had a bathtub, something like 41% did not.
As far as typical Americans are concerned, the bus is not for us.
There is a rule, if the government loves an industry you should too.
I own no stocks at this time because I am spending down my money before the Democrats make it nearly worthless. I will have to take Social Security in about three years.
I will have to replace my roof and my air conditioning system in the next few years. Get one’s own house in shape.
1. They know the market is a massive bubble built on free cash from the Fed.
2. They fear a widescale hack of global electronic finance systems and would prefer to sit on a mountain of cash.
3. They know the inflation threat is nonsense and actually fear DEFLATION as the rest of the world sits on cash and stops buying goods and services.
Strange. Biden’s wonderful economy should be able to sustain and prevent any stock market drop.
Exactly. The USA is the best market in the world and dips like this is time to buy, not sell.
Our Marxist Democrats have nothing BUT the “delta” variant pandemic plans to help them in the midterms, so they are going to push the panic and fearmonger as much as possible!
If that tanks the economy again, they don’t care...it’s not like they actually care about people or America anyway. If a few more people commit suicide and a few more million Americans lose their entire livelihoods and businesses...they can learn to code, right?!?
3% drop in oil prices. And when will I be seeing that reflected at the pump?
I did a vigorous search about a week ago.
I found cases are up significantly in Missouri, Arkansas and parts of Florida.
“This is just a headline with an excuse, written by someone who has no clue about the workings of the market.”
What do you disagree with?
Do you have another idea for the selloff?
I’m amazed at the variety of opinion regarding the state of the real estate market. I try and listen to exclusively those who are not affiliated with the National Association of Realtors and/or those who reject Keynesian economic policy.
Of those who apply to the above, I’ve heard their opinions, which have ranged from the proclamation that there will be a crash worse than that of 08/09 to the proclamation that we have reached a new baseline for housing prices and they have nowhere to go but up (Dave Ramsey). I tend to think the reality will be somewhere in between - maybe a minor correction.
What’s your take?
If the MSM and Biden Administration quick lying about the covid crap and all there fear porn along with the covid cultists things would be far better.
Be a hell of a lot better if ethier would disappear.
Must be climate change!
The stock market has always gone up and down.
Oblique admonishments aside - I have never had any significant money anywhere near Wall Street... none over the last decade or so.
My rental income thanks me. So does the oil I bought when real estate got too expensive. Despite today's haircut that is also up HUGE for the year.
If they work for you great, but I'm out of paper instruments forever.
It's the Obamanomics investment plan.
Ok. But cases in Texas are way up. That is all I’m saying. It is a local fact. News report or no news report
“They know the inflation threat is nonsense and actually fear DEFLATION as the rest of the world sits on cash and stops buying goods and services.”
Any deflation is due to improved technology and processes.
Wages and benefit costs are not going down. US employer hourly labor costs have more than doubled since the early 1990s.
The only financial news the average Joe pays attention to is the stock market.
It can’t be allowed to crash.
I doubt that the delta variant has to slightest effect here. The fact that the govt continues to print money gets continually buried by these so call experts.
It’s the “Audit Variant”
They’ll do anything to take the focus off the audits.
Their next fear should be the gallows.
Stocks are on sale - buying opportunity.
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