Pop goes the market

[Eagler]

Who would have thunk that printing trillions of dollars since 2009 artificially pumping up value of everything and then shutting down the world would cause such bloated values on everything that just about everything is at record prices while the world implodes as true value reset is attempted...

2023 should be good and depressing

How are your 401k looking this morning?

They will look much worse soon

And the sick part is all of this should have been expected and was preventable

Hoping we don't kill the petrol dollar too with SA or we will see a USA that no one wants to see nor live in..

Eagler

[Arlo]

And a fine morning to you, too.

[CptTrips]

IMHO, we just finished with the "Return to Normal" Bull trap with this last rally.

IMHO, the real fear, capitulation and despair phase is about to begin.  BTW, we just broke below the 200 week moving average.  If it can't claw back above that in a couple of days, watch out for trap doors.


"Winter is coming..."



(P.S.  Not to say there won't be future Bear rallies along the way.  There always are in order to keep pumping the dumb money on the way down.  Crashes don't occur in straight lines.)

(P.P.S.  IMHO, fair value at the "Return to Mean" phase might very well be around SP @ ~2000.  )

(P.P.P.S The buy-the-dip Bro's on Youtube drive me crazy.  They always quote  Buffett about fear and greed.  They fail to quote his other statement.  Rule of investing #1: don't lose money.  Rule #2: see rule #1.  If you lose money, you have less to take advantage of the subsequent turn upward.  If you lose 50%, you then have to earn 100% on what's left just to break even.  It's hard to earn 100% profit.  Really hard.  A lot harder than it is to lose 50%.)

[Eagler]

I think in about a month ..around the 2nd week in November the bottom will truly drop out as some of the reasons to keep it propped up will be past..

The next rate hike should be interesting too

Eagler

[Eviscerate]

I think in about a month ..around the 2nd week in November the bottom will truly drop out as some of the reasons to keep it propped up will be past..

Always a conspiracy, always political.

[Eagler]

Always a conspiracy, always political.

Yes you are

Just pointing out the facts while avoiding calling out the obvious

Keep it up and you can get this thread locked or please contribute something useful to it

Eagler

[Eagler]

Thanks CptTrips

Yes not sure why anyone is buying into this bloated market as it has a way to fall in order to provide real value imo

No one has patience these days, they expect everything to happen in a 30 minute sitcom and don't realize it will take a while to get us somewhat out of this mess as it took years to get here..

Not buying anything until it implodes and the fed starts the next bubble with lower rates and the next round of QE funny money..

Rinse and repeat

Eagler

[RotBaron]

Always a conspiracy, always political.

This disposition must be from too much prep for Behar’s birthday celebration and not reading any actual financial news.

[bj229r]

I know I've lost a third of my life savings since early 2021

[Firetech]

Guess some folks just always need a reason to be fearful. If it isn't this, it's that.

[bj229r]

When you're in your 60's and you lose that much of your nest egg there's more than a little to be anxious about

[Eagler]

Market goes from negative 500 to positive almost 700 on record inflation news

We are in a world of hurt

Eagler

[Eagler]

Dup

[rabbidrabbit]

Market goes from negative 500 to positive almost 700 on record inflation news

We are in a world of hurt

Eagler

More like options expiry.  Day to day and weekly action is more dictated by options postions than macro.

[morfiend]

2023 should be good and depressing

How are your 401k looking this morning?

They will look much worse



Eagler

I don’t have a 401k to look at….

But I do have some investments, my FA moved our holdings at the start of the lock down to B and B’s,that banks and bonds. Sure the returns dropped like a stone but we only lost a little and the returns are small so I’m liking the interest rate hikes.

The banks have dropped some but we got in at lower prices than the drop so we’re still treading water,besides it’s all just paper until you start taking money out which I don’t plan to do for a few more years anyways.

We don’t carry any debt,everything is paid for so interest rate hikes don’t bother me,I’d like to see then go much higher,then my returns will go up. If things go really bad I can always sell my wife….