it's the economy

[RochesterRob]

31 minutes ago, Nouseforaname said:

Futures are up today.  Thank god I sold my house and bought the dip.

  I am not trying to make a prediction but will offer an observation.  When there have been hard down turns there has been good days on the market along the way.  I know that I have been a glass half empty kind of guy on this but in any event we all have no choice but to watch whatever happens unfold.  I just ask whoever has a significant stake in stocks to step back and look at the big picture.  

[Nouseforaname]

7 minutes ago, RochesterRob said:

  I am not trying to make a prediction but will offer an observation.  When there have been hard down turns there has been good days on the market along the way.  I know that I have been a glass half empty kind of guy on this but in any event we all have no choice but to watch whatever happens unfold.  I just ask whoever has a significant stake in stocks to step back and look at the big picture.  

Historically every major downturn will be followed by record setting highs. Two reasons :

 

1) Earnings, while being expensive, have still been hitting the mark.  
 

2) trillions of dollars of cash are on the sideline.  With rates heading to the bottom, investors will seek higher yield and that usually comes with equities.

 

Though I agree with you, if you have a significant stock portfolio, it should never be held if the cash needs are in the short term. 

[Crap Throwing Clavin]

S&P is up 140 today so far.

 

World still ending?

[Billsandhorns]

2 minutes ago, Crap Throwing Clavin said:

S&P is up 140 today so far.

 

World still ending?

Yes

[RochesterRob]

3 minutes ago, Crap Throwing Clavin said:

S&P is up 140 today so far.

 

World still ending?

  Democrats going to cheat Harris into the Presidency?  Green plan and reparations still going to be the focus of a Harris administration?

[Taro T]

25 minutes ago, Crap Throwing Clavin said:

S&P is up 140 today so far.

 

World still ending?

 

Probably.

 

 

[Nouseforaname]

46 minutes ago, Crap Throwing Clavin said:

S&P is up 140 today so far.

 

World still ending?

TSX down 1% because Canada still sucks.

 

 

[Crap Throwing Clavin]

1 minute ago, Nouseforaname said:

TSX down 1% because Canada still sucks.

 

 

 

Canada wouldn't if not for all those damn Quebecers.

 

Frickin' Newfies don't help, either.

[Nouseforaname]

35 minutes ago, Crap Throwing Clavin said:

 

Canada wouldn't if not for all those damn Quebecers.

 

Frickin' Newfies don't help, either.

And people from Ontario, Alberta and British Columbia.

[Ann]

 

 

[Crap Throwing Clavin]

32 minutes ago, Ann said:

 

 

 

The analogy breaks down with deflation.  While weight loss is generally a good thing, price reduction is either caused by or results in economic contraction, usually serious.  

Last bit of deflation we had was in 2015, when it barely existed -0.1% for a month, in a stagnant economy.  Last instance before that was significant, during the 2009 Great Recession.

 

Turns out what's best for the economy overall, and for the individual American consumer, is a small, consistent annual inflation rate of something like 2%.  Like during the Trump administration, not surprisingly.

[devnull]

15 hours ago, Crap Throwing Clavin said:

Turns out what's best for the economy overall, and for the individual American consumer, is a small, consistent annual inflation rate of something like 2%.  Like during the Trump administration, not surprisingly.

 

High Inflation is a small price to pay for no Mean Tweets

/Leftists

[Ann]

 

[Ann]

 

[Ann]

Well, this would be shocking.   We shall see.

 

 

[Nanker]

On 8/16/2024 at 7:04 PM, Ann said:

 

She’s a daytime drunk. 

[CarpetCrawler]

18 hours ago, Nanker said:

She’s a daytime drunk. 

 

Or an all-the-time pot head?

[devnull]

7 hours ago, CarpetCrawler said:

 

Or an all-the-time pot head?

 

That's not a stoner laugh

[Ann]

ZeroHedge had it first.

 

From Bloomberg 

 

Fed Confronts Up to a Million US Jobs Vanishing in Revision
 

 

[B-Man]