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Old 09-21-2022, 04:09 PM   #4411
BroadwayJoe
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So what did 75 points do to the markets ????


Nothing!!!!


The ones that hurts is people like you and me that has loans out with a regular paycheck

Businesses just tack on higher rates to screw us again


Thats not going to slow it.....



More bad Earnings will........

Last edited by BroadwayJoe; 09-21-2022 at 04:11 PM.
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Old 09-21-2022, 04:16 PM   #4412
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So what did 75 points do to the markets ????


Nothing!!!!
Go back to September 13 around 8:30 in the morning.

That's when the markets reacted to what happened today.

Nothing? LMAO

Down over 300 S&P points since that day
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Old 09-21-2022, 04:26 PM   #4413
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Go back to September 13 around 8:30 in the morning.

That's when the markets reacted to what happened today.

Nothing? LMAO

Down over 300 S&P points since that day
Yes, today was baked in

I still see 3650 as the support before oblivion
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Old 09-21-2022, 04:41 PM   #4414
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At some point we have to move past what the fed is doing and look a little further forward to what the economy is going to look like the next 24 months or so.


The fed is not going to raise rates forvever, we know this. But we also know that as much as the market would love to act like the coast is clear once the fed stops it won;t be true. How bad will the economy be? That is the million dollar question.
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Old 09-21-2022, 05:36 PM   #4415
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At some point we have to move past what the fed is doing and look a little further forward to what the economy is going to look like the next 24 months or so.


The fed is not going to raise rates forvever, we know this. But we also know that as much as the market would love to act like the coast is clear once the fed stops it won;t be true. How bad will the economy be? That is the million dollar question.


How can anyone be remotely optimistic about how ugly it's going to get?
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Old 09-21-2022, 05:49 PM   #4416
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The end of the trading day today wasn't very pretty
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Old 09-21-2022, 07:10 PM   #4417
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The end of the trading day today wasn't very pretty
Still have about 150 pts to just before Covid
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Old 09-21-2022, 07:49 PM   #4418
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Still have about 150 pts to just before Covid

On the DOW maybe, the S&P has 10%+ to go before it hits pre COVID levels.


If anything that's a scary reality check, many would say that the COVID bump in stocks was totally a fluke and unrealistic, and even with all the pain this year we still haven't even given back all of the "COVID bump"
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Old 09-21-2022, 07:58 PM   #4419
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The end of the trading day today wasn't very pretty

Futures look like the pain will continue


If you scope out the Bond market after the presser today, the traders over there don't buy that the Fed can go through with it's hikes as laid out. Or at least they don't believe those rates will stick.



I have to admit, I'm having trouble believing Powell, he really seems to just be talking a good game right now. Basically going out of his way to sound like an interest rate bully. I wouldn't be the least bit surprised to see him walk it back the moment we get a CPI report showing inflation going down (even a little bit). Hence I'm still buying fixed income/ bond funds at totally bombed out and depleted prices. Maybe rates will go to 10% and I'll be broke, who knows.



As it is I think rates do need to go higher, BUT given how long it takes for these rate hikes to play out, they might be wise to put away the hammer for just a minute. To be honest I think inflation right now is a bigger issue than they can fix with interest rates alone. If you came to me and asked what the economy looks like using interest rates alone to tame inflation, I'd probably tell you the 1930's.
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Old 09-23-2022, 07:39 AM   #4420
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What happens to Christmas if Markets continue like this?


Do we have a crash if Earnings in Oct & Nov are bad?


Thoughts?
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Old 09-23-2022, 09:12 AM   #4421
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[QUOTE=BroadwayJoe;2832068]What happens to Christmas if Markets continue like this?united states treasury bonds were in a bull market for over 40 years. i have no prediction how high those interest rates rise to. an easy guess would be 10%.

the S+P is probably heading down to the 1100 or if they let it go lower down to the 600's. so the question arises what happens when and if i happen to be right where the next move takes us? my guess again is that you will see the dow head to 100,000. that sounds nice, but at that point i don't think that the money that it will take to buy the 100,000 dow will be able to buy as much as when it was 15,000.
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Old 09-23-2022, 11:01 AM   #4422
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There is absolutely no way the S&P is going to 1,100 or 600.

3,000 is the lowest Iíve heard anyone I trust mention, but I donít think we will get there.

Anyone who hasnít sold yet is probably too late todo so. My guess is selling at 25% off the top has never been a money making move.
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Old 09-23-2022, 11:05 AM   #4423
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Also, on my watch list there is only one in the green today.

McDonaldís

I believe we discussed this one before
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Old 09-23-2022, 11:58 AM   #4424
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The markets have TONS of room to go down....TONS...this is baby shit.

Do you realize the market is sitting at pretty much where it was the day Biden took office?

It hasn't even begun to go down yet...in the grand scheme of things.

Whether it will go down that much is another story. But it has PLENTY of room to do so...
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Old 09-23-2022, 12:49 PM   #4425
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Quote:
Originally Posted by PaceAdvantage View Post
The markets have TONS of room to go down....TONS...this is baby shit.

Do you realize the market is sitting at pretty much where it was the day Biden took office?

It hasn't even begun to go down yet...in the grand scheme of things.

Whether it will go down that much is another story. But it has PLENTY of room to do so...
From the Top to the Bottom
From the Bottom to the Top
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