Posted on 12/13/2023 12:46:02 PM PST by chuck allen
Lots of people around here are quite pissed that the stock market didn’t crash or that we never got that deep recession were told was coming.
Never underestimate the government’s ability to devalue the dollar.
Or things will go back to the way they were for 20 years before the pandemic, and we’ll all wonder how to create inflation, not how to get rid of it.
Only time will tell. If the market declines from here, it is a double top. It it rises from here, it isn’t a double top. The latter is more likely.
Anyone remember Jim Glassman and a co-author putting out a book “Dow 36000” in 1999? When the market tanked a couple years later, poor Jim was cited as among the worst of the worst when it came to “irrational exuberance” and dot-com-boom cheerleading and he went around the financial shows for a couple years pretty much apologizing for being overly optimistic. In the long run, of course, he turned out to be right.
If the market gets volatile enough everybody gets to be right—for a while.
;-)
Ain’t that the truth. Probably the same people who hate on McD every thread, they don’t understand American Capitalism.
What would be your time frame on that up or down?
They didn’t get much of a bonus the last 2 years if Market Prices are their criteria to get one. So I guess they’re due. So is everyone who invests or has a 401k, been long enough with no gains.
Utility stocks were on fire this afternoon!
I knew Biden would make things right. /sarc
I predict the market will blast higher for at least the next several weeks, so there won’t be a double top. Resistance, needed for a double top, comes from investors who want to sell to recoup their losses over the last two years. But changing dynamics from the Fed should bring in new investors which will cause the market to power through any resistance.
...oh, that's reserved
...never mind.
“The way those auctions work is that the highest bidder determines the price for all bonds (weird but that is how they do it).”
The highest bidder that gets an allotment.
It will probably soar to 50,000 after the USA defaults.
Believe it or not the Dow was at 31,186 the day SlowJoe was Sworn In. With todays close at 37,090 the Dow has risen 5,904 points during and despite of Bidens Administration. Up 19% in 3 years. It really is unbelievable it did that well.
You should adjust the numbers for inflation.
Cutting rates (up to 3 times next year the FED said), creates cash that the market hopes gets invested.
“My point is, if the Fed Rate is low who will buy $1.6 Trillion of Bonds?”
That’s exactly what I’ve been wondering. They are gonna have to crash the market before they can sell those Bonds.
My high school math can’t figure that. 😆 You are right though, inflation has eaten up most any gains. Keeping pace with inflation maybe. 🤔
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