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Forum » Stock Market under 29,000, down nearly 500 in 30 minutes
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Thread: Stock Market under 29,000, down nearly 500 in 30 minutes

post 1668348163 09-23-2022, 12:13 PM
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#61
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Originally Posted By backinbusiness⏩
No its not. If the housing supply was fine, multi-family units wouldnt all have occupancy rates of 90-95%. Thats why rent is going up because you dont have anywhere else to go. There's zero competition and its too expensive to buy a house.
Supply is fine. Demand for houses (really land) is extremely high due to Fed sponsored TINA, and that's where families are getting squeezed out by investors either leaving properties vacant or as rentals.
Originally Posted By blissful88⏩
Keystone shut down the first 12 hours P3d0-in-chief took the stolen office & y'all didn't see this economy coming
Not a single drop of Keystone oil was going to be sold in the US.

Even if you want to say it would go abroad, increase world supply, and decrease world price, it would have increased world supply by under 1%

So Keystone at most has a fraction-of-a-percent impact on inflation. The other 8% (really 20%) are coming from Congress and the Federal Reserve. Don't take your eye off the ball, guys.
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post 1668348313 09-23-2022, 12:16 PM
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#62
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Tuned into Brandon’s speech. I lasted for 10 seconds of watching it. Economy awesome, gas is down, blah, blah, blah. It’s scary how many people actually think this guy is doing a good job.
If you don't get what you want you didn't want it bad enough

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post 1668351563 09-23-2022, 01:04 PM
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#63
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Originally Posted By naich⏩
Isnt that the craziest part. If we see a massive drop of another 500 points in the SandP 500 we would still be even with 2019 numbers, which was a pump year with interest rates being so low that year. Imagine if we actually flat line to sub 3000 and hold it for a year, deer god the blood bath that would create.

There are consequences when the SandP graph looks like a bitcoin graph....
We’re 300 points away from Feb 2020…
post 1668351683 09-23-2022, 01:07 PM
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#64
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Greenpeace is suing Europe's gov't for using gas and nuclear power.


These people in power want you to f^cking just die already
post 1668352493 09-23-2022, 01:19 PM
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#65
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Originally Posted By FA*******⏩
So I'm just going to say this, as a hardcore right winger who voted for Trump twice and thinks Biden is a dementia-stricken ped0phile.

1.This is not Biden's economy. This is the "2 years lockdowns and $5T of Rona money printing" economy exploding in our face, which was approved in spring 2020 with bipartisan support. It would have been EXACTLY the same situation with Trump. Both parties to inject epic amounts of money into the economy. The natural results were going to follow no matter who was in office.
There were three rounds of literal money printing. Like literal "hand people cash". The first was fine. The other two were really bad ideas.
post 1668352953 09-23-2022, 01:26 PM
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#66
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A live look at your 401k:

post 1668354523 09-23-2022, 01:59 PM
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#67
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I didn’t even know the market was taking a hit. I made $1,650 today day trading GSUN.
post 1668354663 09-23-2022, 02:01 PM
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#68
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Originally Posted By FA*******⏩
So I'm just going to say this, as a hardcore right winger who voted for Trump twice and thinks Biden is a dementia-stricken ped0phile.

1.This is not Biden's economy. This is the "2 years of lockdowns and $5T of Rona money printing" economy exploding in our face, which was approved in spring 2020 with bipartisan support. It would have been EXACTLY the same situation with Trump. Both parties chose to inject epic amounts of money into the economy. The natural results were going to follow no matter who was in office.

2. The stock market falling off a cliff is intentional and it is very healthy. By 2021, stocks were the second most overvalued they had been in American history. #1 was 1999, #2 was 2021, #3 was 1929, and no other time is even close. The American economy has been chitty for 20 years, and stocks had been taken to la la land through no kind of healthy growth but through rampant money printing. Aka stealing money from your children to put in your portfolio. And we had done so much of that we had built the second biggest stock bubble ever.

Do you really WANT a market that unhealthy to keep going up? "Oh yeah baby, build that bubble higher. Let's inject more public debt into the market. Push inflation higher, oh yeah." Inflation NEEDED to stop, the deficit spending NEEDED to stop, and as a result, the market NEEDED to come down. I am far more scared of a stock market that keeps going up past Black Tuesday 1929 valuations than one that declines from them.
Probably best post in here.

Only problem is if we’re at a point the can can’t be kicked anymore, we get worse than 1929. Because with how overleveraged with make believe money Wall Street is from m0 money supply, I can see the whole thing just breaking.
post 1668354843 09-23-2022, 02:04 PM
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#69
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It's under 30,000 not 29,000. Thinking about jumping into stocks but everything still overpriced IMO. Waiting for market to drop to 20,000 or less before jumping in.
"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16)

https://www.youtube.com/watch?v=Wh1VU-_OF98
post 1668354973 09-23-2022, 02:07 PM
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#70
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Biden and the Democrats have hurt the economy with their big spending, big money printing and their war on fossil fuels. Hope in the coming election the GOP wins the House and Senate so a check and balance can be had on Biden's lousy policies.
post 1668355373 09-23-2022, 02:13 PM
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#71
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Originally Posted By Kev1972⏩
Calling bullchit. Unless they switched tracks or something, any east coast military base doing a month deployment to Ft. Irwin is going to travel through Iowa. That's happening 8-10 times a year. How else are you moving a brigade from North Carolina to central California for a training deployment?
Will take your word for it. Certainly have no expertise on specific US military installation/transport.
Originally Posted By leafs43⏩
Greenpeace is suing Europe's gov't for using gas and nuclear power.


These people in power want you to f^cking just die already
Yep.

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post 1668355493 09-23-2022, 02:15 PM
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#72
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Originally Posted By redmelly⏩
A live look at your 401k:

lmaooo ded.
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living in clown world crew so screw it crew
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post 1668356433 09-23-2022, 02:32 PM
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#73
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it's over
post 1668356683 09-23-2022, 02:37 PM
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#74
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ZH has a good market recap up already.



Lots of charts...

https://www.zerohedge.com/markets/crash

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post 1668356993 09-23-2022, 02:44 PM
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#75
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Originally Posted By JewSeeJon⏩
I didn’t even know the market was taking a hit. I made $1,650 today day trading GSUN.
Brb posting like a YouTube comment crypto bot
post 1668363243 09-23-2022, 05:16 PM
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#76
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I'd like to know what under Trump was so bad that you'd vote for this?
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post 1668364073 09-23-2022, 05:41 PM
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#77
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Originally Posted By backinbusiness⏩
No its not. If the housing supply was fine, multi-family units wouldnt all have occupancy rates of 90-95%. Thats why rent is going up because you dont have anywhere else to go. There's zero competition and its too expensive to buy a house.
Yep, you describe many rentcels to a T. That is why PSA threads are so important.

Rents here going up month to month breaking previous all time highs (NYC). Imagine paying 7000 a month in rent and getting told to get out unless you pay 8200 - you leave and it is rented again instantly.

But yeah, supply is perfect huh and landlordshave no leverage...some might say.
post 1668364303 09-23-2022, 05:46 PM
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#78
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Originally Posted By gixxer0.6g⏩
I'd like to know what under Trump was so bad that you'd vote for this?
the tweets man, the tweets.
post 1668364733 09-23-2022, 05:53 PM
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#79
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I can't see it as a dip looking at the bigger picture. Remember that 2008 was an insane bubble that never fully corrected because it was followed by 10 years of zero interest rates and massive quantitative easing which inflated asset prices all while the US economy spluttered. Then in 2020 the quantitative easing truly left humanity behind, and inflated asset prices even more all while supply chains were destroyed, people stopped working and international relations fell apart.

This bubble is 100% a function of ZIRP and QE and will only be sustained if the US Fed can keep the QE up and the interest rates down, and the moment they stop it will go to it's "real" level.


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