More evidence a recession is coming. Stock market keeps diving too. Housing is debatable if the will retract in some areas. Anything else we can destroy with our leadership?
Recession, Stock Market tanking, and....?
- Thread starter KNIGHTTIME^
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Like I told you a month ago. Stock market will have one more downtrend prior to ATHs later this year. I was targeting 4100-4200 SPX for my buy point. However there is sizeable support sitting at SPX 4250 so I will probably hedge with a partial buy there.
Well, the one industry we know will be safe for the next 3 years, at least, is the ice cream industry.
That and the Mexican cartels smuggling in 13-to-15-year olds for the Biden regime
SPX 4200 clipped and the bear market articles are coming out.
www.foxbusiness.com
We are getting close.
S&P 500 about to fall sharply as it teeters on brink of bear market, Morgan Stanley says | Fox Business
The S&P 500 is poised to fall sharply as investors flee risks assets on fears over a recession, aggressive tightening by the Fed and inflation, according to Morgan Stanley analysts.
We are getting close.
Everybody is calling for a bear market and recession. Which is why it’s unlikely.
Yes. This is the one time that everyone and their brother predicts the stock market direction. Smart thinking.
Oh shi. Pool cleaner ensured a bottom coming soon. We are approaching my 4000-4100 range called several months ago. Good value can be found around there.
In april you said 41 to 42 now you say you have been calling it at 4000 to 4100. We are in the first 1/2 of a bear market. You may want to lower it again. Interest rates are being raised at higher amount than expected even 3 months ago, Unemployment #s already turning for the worse, and a recession is right around the corner, if not already here. Revised #s gave negative growth the first quarter, if that doesn't turn this quarter we officially are in a recession.
Biden to American people, Make America Break Again.
Assuming the largest buyer of Ice cream doesn't assume room temp you likely are right. We know brain freeze can't slow up his purchases.
What in your professional opinion causes more brain freeze: ice cream or chlorine?
well we are at 3923, was below 3900 this AM. 3836 marks a 20% loss... er ahhh a bear market. Nasdaq is already a bear, as is the russell 2k and Dow Jones Transportation. A bottom may be coming soon, but a bear is a bear. Only question is how big a bear it is. We are in the Biden storm, and clouds are building not clearing.
hanging out with snowflakes in college all day
Well you didn’t go to college so how would you know? And anyhow, that wasn’t one of the choices.
But you called me out for saying a bear was coming. A number of indexes are there and more on the edge, with the economy cracking under the burden of Bidenflation and raising interest rates. The average bear market with recession is 35%, the recession is coming, and the bottom is not here. hemightbewrong, and I was right.
I said that the market will not behave the way you expect. I do think we will go down another 15%. However I expect us to get a run up first now that everyone is bearish. Then when the FOMO buyers get back in we will head lower.
I know I said 4400, but I’d start to dial it down more around 4250-4280 range for this relief bounce.
Inflation is high because our economy is rebounding after the mess of the former administration with covid. Republicans refusing to get some shots and wearing masks caused the extended problem. Covid is up like 300% in some areas vs last year because Republicans won't mask up. Trump refusing to shutdown didn't help either. Joe got us out of Afghanistan and he is fixing the economic mess. Nobody complained about all that free cash right? Thank Biden and build us back better.
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Too bad there wasn't a Covid ETF, that shhhi would have been cray in 2020... I would have dumped it at the beginning of last year
Probably already hit peak inflation. Most tech companies have a hiring freeze or starting layoffs. You're not seeing many companies bump salaries 9% outside of promotions. Retail is already in a spiral. Energy is one of the few industries going well.
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