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10-01-2021, 07:29 AM
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#2941
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Registered User
Join Date: Dec 2011
Posts: 148
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Quote:
Originally Posted by PaceAdvantage
My thinking has turned this way lately.
Who says the markets have to go up forever? LOL
People have gotten so accustomed to the markets just going up up up up up.
Who says it can't go down...or sideways...for YEARS and YEARS....decades, as you say.
It's quite possible. And more than likely. After all, as you point out...the future doesn't look all that bright.
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I came to this same conclusion earlier this year. I believe the "buy and hold" crowd will be quite surprised.
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10-01-2021, 08:04 AM
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#2942
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
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Quote:
Originally Posted by Tape Reader
Is it the unfilled gap you are referring to?
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you are to sharp for me!
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10-01-2021, 03:02 PM
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#2943
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
Its funny , SP 500 high 4535 .....5% off that is 4309
Todays close 4307.5.....
Just looking for any reason for it to f&*^ing ...STOP!!!!
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I held back my enthusiasm today , so that I don't jinx it...
Yes, low volume but they did bounce after testing 4300....
Maybe?
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10-04-2021, 12:05 PM
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#2944
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by FakeNameChanged
Have we seen a generational high for the Dow and S&P500? I'm talking about something that looks like the Nikkei 225's high back in '89 & '90. It reached almost 39,000 points and has not returned to that level 31 years later. It's still 10,000 points below that high.
https://yhoo.it/3uu33o3
If the Dem's are successful with all their destructive spending packages and massive tax hikes on corporations, middle class and wealthy people, it's a strong possibility. I do think this correction, IF it continues will see the Dow losing 1,000's of points in a day.
I will remain short on the markets, for now. |
Just getting warmed up today. Hoping to get a bounce tomorrow, then add to my shorts. I'm no political whiz, but think the BIG spending bill doesn't make it, then the market may recover if that happens, more likely go sideways waiting for the next shoe to drop.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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10-04-2021, 01:07 PM
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#2945
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by FakeNameChanged
Just getting warmed up today. Hoping to get a bounce tomorrow, then add to my shorts. I'm no political whiz, but think the BIG spending bill doesn't make it, then the market may recover if that happens, more likely go sideways waiting for the next shoe to drop.
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TSLA was up $31 this morning, now it's given $30 back.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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10-04-2021, 09:45 PM
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#2946
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Evergrande of China is the black swan that quite possibly could crater the US stock markets.
Plus there could be a possibility that the world's bond markets will collapse as well due the contagion effect of another Evergrande default and bankruptcy.
This company has debts totally $300 billion. There are also too, too many Evergrande buildings in China and around the world that are EMPTY. The debts cannot be serviced with buildings empty.
The CPC of China will try and help bailout the company but don't bet on it because the Chinese economy is in deep recession.
The markets will get much worse before it's gets better. When exactly, I don't know.
Just don't be surprised when it happens.
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10-04-2021, 10:27 PM
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#2947
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,501
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Question, because I haven't read up on this topic AT ALL.
Is this Evergrande "crisis," due in part to COVID and all the office space that remains empty due to people still working at home?
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10-04-2021, 11:50 PM
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#2948
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,465
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Evergrande has whole city's in China built with no residents, and is only part of the problem. I am not expert on any of this shit but I believe much of this was Pre COVID. Before COVID our economy was doing well, it can not be said that was the case inside China during that period.
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10-05-2021, 07:20 AM
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#2949
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
Question, because I haven't read up on this topic AT ALL.
Is this Evergrande "crisis," due in part to COVID and all the office space that remains empty due to people still working at home?
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Who knows what their freaking problem is there....
Here , I would say a lot of the office buildings have long leases and I doubt they all expired in 2020...
Now , if you say a lot of "apartments" are vacated ..thats a different story for building owners...
During the pandemic , people were leaving their posh NYC homes and moving to out skirts of NY.....
I too was looking for a home in New Jersey and the brokers were enjoying the best times of their lives ...homes were selling like crazy ....they would be on the market for 3 days , then boom..SOLD...Overpriced, of course
I almost bought a trailer park home , hillbillies every where , till I smacked myself saying .."What the **** am I doing"..... 
Mike
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10-05-2021, 11:13 AM
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#2950
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
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Evergrande is only one piece of this puzzle. I'd say the natural gas prices in the UK got to be a big component of this. between their anti-energy policies, mainly anti-fracking, and the Trump tariffs, the great people in Great Britain are going to have a very hard time heating their homes and driving their cars. even if they decide to change their laws it will take much more than a year to have any effect on the price of energy. this is probably the main reason that energy prices are going to be going through the roof in the United States. i don't have any idea how the economy in this country can survive $5 or $6 or probably even more price per gallon of gasoline. 2 good things do come of this, first it might help towards the tightness in the automobile market, and it will probably lead to much less traffic.
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10-06-2021, 01:53 AM
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#2951
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
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10-11-2021, 07:44 AM
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#2953
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
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thxs Lam...
Are there any ETF's that are good for commodities?
That's as far as I would go... 
Mike
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10-11-2021, 03:29 PM
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#2954
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Registered User
Join Date: Jan 2006
Posts: 28,546
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IMO...the biggest mistake an investor can make is to invest much-needed money in Bitcoin. And the second-biggest mistake an investor can make is to ignore bitcoin totally as an investment. I have 10% of my net worth invested in Bitcoin...and I intend to hold on to it until the Bitcoin price reaches $1,000,000.
The Bitcoin naysayers sound a lot like the internet naysayers of old, as far as I am concerned.
__________________
Live to play another day.
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10-11-2021, 04:00 PM
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#2955
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by thaskalos
IMO...the biggest mistake an investor can make is to invest much-needed money in Bitcoin. And the second-biggest mistake an investor can make is to ignore bitcoin totally as an investment. I have 10% of my net worth invested in Bitcoin...and I intend to hold on to it until the Bitcoin price reaches $1,000,000.
The Bitcoin naysayers sound a lot like the internet naysayers of old, as far as I am concerned.
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US Government will make sure that you won't get that million... 
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