Posted on 05/18/2022 12:45:07 PM PDT by fwdude
The Dow fell by more than 1,000 points, putting it on track to break a four-day winning streak, as big retailers reported their profits are getting crushed by inflationary pressures.
The S&P 500 fell by 3% on Wednesday and the Nasdaq shed nearly 4% as investors reacted to a weak first quarter earnings report by Target.
The Dow Jones Industrial Average was recently at 31,618.18 — off 1,036.41 points, or 3.2%.
(Excerpt) Read more at nypost.com ...
Nowhere to hide. Dollar is being devalued. Even if you make profit it will buy a lot less now.
“I largely agree, but will point out that your dollar is only going to be worth less, tomorrow.
If there is anything of a durable nature that is available, now, and you have been putting off getting, you might be better off getting it now.”
The $.89 Aldi that was $.89 forever went to $1.19 in Dec. That’s when I decided to get a new roof and not wait a year.
Except tools. Never sell tools!
This country is going down in flames like a DC9 cartwheeling across the tarmac in a massive ball of fire and Biden is trying to walk away from the carnage like nothing happened.
Because he doesn’t know what happened...or where he is...or what he’s supposed to do...or even what his name is
Yeah. My wife is a TV repair man. She’s got an awesome set of tools. :-)
Seriously though, my tools are in the garage. Getting to them will require 5 hours of moving her stuff around though.
Reminds me of a Johnny Winter song about getting his tube fixed.And I hear ya about women piling stuff. What is up with that?
I get out plenty, Sarge.
That hunch I mentioned was in re the commucrats siccing the Army on us eventually.
For clarification, see mewzilla’s comment in #11 above.
Republicans wont save us.
We are running full-speed towards larger scale socialism. Republicans wont stop it and risk looking “mean”
Then there is the problem of corruption which casts a wide net in both major parties.
No, happy days are not coming until we clear the decks of all debts, entitlements and promises. All of them.
My investments look like post WWI German Marks.
- post-covid buying frenzy coming to an end.
- "It's really a pretty robust economy, considering the effects of the pandemic and other crises over which this government has no control."
- "Just send every American a $5000 deposit to their bank account, and see how fast the stocks go up, retail sales pick up and economy booms again." [eyeroll]
- blame the Fed raising interest rates too fast.
- Retailers lying to us about profit margins.
- GOP winners in the primaries last night. (?????)
- People are "overreacting."
- "Price gouging" needs to be brought under control.
Lather, rinse, repeat (the communist stupidity.)
It's just a "transitory" tank, don't you know.
“That hunch I mentioned was in re the commucrats siccing the Army on us eventually.”
Which army? And how well will they do against the 1st Marine Division.
And suddenly those help wanted signs will disappear
With sky high prices, layoffs will follow.
Interest rates up - real estate price/demand down
Job layoffs - real estate price/demand down
Can’t source lumber for new houses = real estate supply down price up
people doubling up on apartments, subleases - demand down price down
rising prices - less disposable income - demand down price down
Net - probable prices down until boomer deaths 7 years past peak = 1957 + 78 + 7 = 2042
But hyperinflation could make buying a home a no-brainer
EPV (short Europe) looks promising. Without electricity, their factories can’t fact. The ECB (European Central Bank) holds at least $1.4 trillion in bad bank debt. Birth rate way below replacement. British and North Sea oil has not had new investment anywhere near the replacement rate. France and Germany are shutting down their nuclear power plants. Eastern Europe is only in for the freebies, and the gravy on the gravy train is mighty thin. Italy, Greece, Spain and Portugal are also net receivers. Germany, France and Scandanavia are the only Eurozone net producers, and France will be out of that club in 2022.
The exchange rate on the Euro has dropped from 1.22 to 1.04 in the last 12 months, and should be in the .85-.95 range this time next year, unless hyperinflation. So if Euro stocks are nominally flat, that’s a gain of about 16% in a year.
GTFO NOW, IF NOT 2 WEEKS AGO.
For as long as this DEMONIC regime occupies the White House, DO NOT EXPECT ANY LEVEL OF CONFIDENCE IN THE MARKET ANYTIME SOON. TEAM BYE-DONE IS WILLFULLY WORKING TO ERASE ALL THAT YOU HAVE WORKED FOR.
Yes EVERYONE IN THE BIDEN REGIME should be handcuffed and dragged to solitary confinement cells, but INSTEAD THEY ARE NOW IN CHARGE OF DESTROYING EVERYTHING AMERICAN.
SELL, SELL, SELL, SELL IT ALL AND PARK IT IN CASH. I would NOT be surprised at all if the DOW drops to 20,000 in the coming few weeks.
Get out an go where? Cash? Cash is crashing just as fast.
We are Venezuela now.
Bad advice. Very bad. Buying opportunties everywhere. Good time to buy gold, junk silver, 100 lbs wheat, 100lbs rice, 100lbs beans, 100lbs powdered milk, real estate, and energy stocks. Im a buyer of FANG, DVN , D, SO, ETR, etc. Thinking of picking up IBM, MSFT, NVDA, DIS, WMT, TGT, etc. Anything that got kicked in the teeth, use 25% of you cash to buy tomorrow according to your suitability and financial advisors advice.
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