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Topic Title: Can the DOW stay above 30,000 today ??
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Created On: 09/22/2022 05:04 AM
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 09/22/2022 05:04 AM
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dingpatch

Posts: 18009
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Just asking, , , , , , ,

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 09/22/2022 05:07 AM
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RustyTruck

Posts: 30118
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Dunno, will the roulette wheel stop on black or red?



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Are they slow-moving, Chief?
Yeah, they're dead; they're all messed up.
 09/22/2022 05:51 AM
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Cole

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They couldn't wag the dog, so it will return to the positive.

Think about it, corporations and money people have had free cash for going on a decade now and that is coming to an end. I most certainly don't think they will be happy about the free well running dry. Interest rates should have been raised years ago.

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 09/22/2022 06:44 AM
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Fish Killer

Posts: 63081
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DOW JONES FUTURES(I: DJI)
30,253.00
-29.00 (-0.10%)
NASDAQ FUTURES(I:COMPX)
11,657.50
-52.50 (-0.45%)
S&P 500 FUTURES(INX)
3,797.50
-8.75 (-0.23%)

Edited: 09/22/2022 at 06:45 AM by Fish Killer
 09/22/2022 06:48 AM
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tpapablo

Posts: 39714
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Originally posted by: Cole They couldn't wag the dog, so it will return to the positive. Think about it, corporations and money people have had free cash for going on a decade now and that is coming to an end. I most certainly don't think they will be happy about the free well running dry. Interest rates should have been raised years ago.
Wasn't necessary until Dementia Joe took a wrecking ball to the economy. Less than two months out from that senile jackass and the rest of his party of slavery minions getting their comeuppance.

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 09/22/2022 06:53 AM
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Cole

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Trump had the chance, but freaked out when the Markets dropped. It is the reason we are where we are today. Trump cut taxes and overheated a decent economy, then forced the Fed to keep interest rates low. Now bring in the pandemic and we get what we have.

I am just thankful when have intelligent people to fix the mess and not some half-assed business man tax evader. Just imagine the potential of loss. Terrifying if you think about it.

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So long and thanks for all the fish.
 09/22/2022 07:12 AM
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Fish Killer

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Trump didn't 'freak out' over ANY market drop.

Trump didn't 'overheat' any economy!

Trump didn't force the FEDS to do SHIT!

LIAR!

Edited: 09/22/2022 at 07:14 AM by Fish Killer
 09/23/2022 04:58 AM
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dingpatch

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DOW futures at 7:57 this morning was below 30,000

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 09/23/2022 06:30 AM
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tpapablo

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Originally posted by: dingpatch DOW futures at 7:57 this morning was below 30,000
For good or ill, the die is cast. We have a senile president that, so far as I can tell, is out to destroy our economy. We will have an uptick when the GOP retakes Congress, but prepare yourselves for 2 more years of bleakness. A replay of the Obama years, but worse.

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 09/23/2022 03:42 PM
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crankit

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A new low for blunder/hyena!

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 09/23/2022 04:17 PM
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surfsail

Posts: 4835
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tpap, time to start earning some taxable money and making your 'donations' to your account - SS & FICA. Gotta start saving for your retirement and quit this gambling habit.. FDIC man.. or ....

Overheard FIL mumbling about bank failures - maybe buy gold?

Is that the latest blag on faux?

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There are NO white people at all in the Bible... take all the time you need with that...
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Edited: 09/23/2022 at 04:18 PM by surfsail

 09/24/2022 06:16 AM
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Cole

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Hard steps to strengthen a weak economic infrastructure. This should have happened years ago.

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So long and thanks for all the fish.
 09/25/2022 06:42 PM
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Fish Killer

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Edited: 09/25/2022 at 06:45 PM by Fish Killer
 09/26/2022 11:47 AM
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crankit

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Down again today--The blunder/hyena economy has cost Americans $7.5T---that's with a T--way to go joe!!

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"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."
 09/26/2022 12:17 PM
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tpapablo

Posts: 39714
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Originally posted by: surfsail tpap, time to start earning some taxable money and making your 'donations' to your account - SS & FICA. Gotta start saving for your retirement and quit this gambling habit.. FDIC man.. or .... Overheard FIL mumbling about bank failures - maybe buy gold? Is that the latest blag on faux?
Oddly, gold ain't doing all that well either. Right now, land is holding up best. But, I am guessing that is heading for a fall too. I hit full retirement age next July. I'll start taking SS then. With that and the rents, I will have more than I need to live at my current lifestyle, which is very low key. I'll probably continue to work, however. I enjoy it and am worried that I'll go nuts without it. If I start espousing prog beliefs, you'll know I have retired.

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 09/26/2022 03:34 PM
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Cole

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Originally posted by: crankit

Down again today--The blunder/hyena economy has cost Americans $7.5T---that's with a T--way to go joe!!


England is a problem. Tax cuts crashed the Pound and that took down the Markets globally.



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So long and thanks for all the fish.
 09/26/2022 06:52 PM
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Fish Killer

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Fuck you Coleslaw!

It's ALL Biden and his outrageous spending spree!

Ya cant TRASH 7.5 TRILLION DOLLARS and not have serious repercussions!

MORON!

First thing Fed breaks with higher rates will be the financial markets, BMO says
Last Updated: Sept. 26, 2022 at 4:34 p.m. ET
First Published: Sept. 26, 2022 at 11:15 a.m. ET
By Vivien Lou ChenFollow
4
World's largest economy 'is past the point of rescue' as the Fed pledges to restore price stability at all costs, says BMO's Michael Gregory and Sal Guatieri

The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years.

The first thing that will break is the financial markets, "as currently unfolding," BMO Capital Markets economists Michael Gregory and Sal Guatieri said in a note Monday. Dow industrials fell into its first bear market in more than two years on Monday, joining the S&P 500 index and Nasdaq Composite which have already been in one; the dollar added to more than 20-year highs, wreaking havoc around the world; and lending conditions tightened further as more Treasury yields rose above or touched 4% - the level some see as sending shivers through investors.

Financial markets failed to find positive momentum on Monday, adding to Friday's weekly losses in U.S. stocks. Meanwhile, the 10-year Treasury yield reached its highest level since April 2010, at 3.878%, as 2- and 3-year rates climbed to 4.3% and 4.4% respectively.

"Based on our in-house measure, financial conditions are set to carve 2 percentage points from U.S. GDP growth next year," Gregory and Guatieri wrote. "This reflects the punishing effects of the mighty greenback, the angry bear market in equities, wider credit spreads and tighter lending conditions, and assumes another 150 bps (basis points) of Fed rate hikes and a 15% slide in house prices. At the very least, the financial clouds have the words 'shallow recession' written all over them."

They see the U.S. posting back-to-back declines in quarterly real GDP in the first half of next year, and the unemployment rate rising to 5% from August's 3.7% level by late next year.

Reached by phone on Monday, Guatieri, based in Toronto, said "we've already seen financial conditions come under undue pressure, with the S&P 500 down more than 20%, bond markets very weak, and corporate credit spreads widening significantly. It all points to a much weaker economy in the year ahead."

The BMO economists now see the Fed ending its rate hike campaign between 4.5% to 4.75%, three-quarters of a percentage point higher than they had previously expected. The additional 75 basis points in hikes will turn out to be the "straw that breaks the camel's back," to use another proverb. And the world's largest economy "is past the point of rescue" as the Fed pledges to restore price stability at all costs, they said.

Edited: 09/26/2022 at 06:55 PM by Fish Killer
 09/27/2022 04:15 PM
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crankit

Posts: 16630
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Will it stay above 29,000?

-------------------------
"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."
 09/27/2022 04:36 PM
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fishkller

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You sold everything today, right Cranky?

If not- sell now!!

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 09/27/2022 05:52 PM
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Fish Killer

Posts: 63081
Joined Forum: 10/09/2005

IT'S OFFICIAL - Right Now 2022 Stands as the Worst Year in US Stock Market History
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