It looks like it is at least losing steam. S&P and Nasdaq are right on the support lines. Of all world markets only China and UK are looking ok. China has been drifting down for a year, and UK hasn't recovered to the pre-covid collapse, so neither of them have been terribly overpriced.
I am curious to see what happens next. I don't think the Fed can continue printing money. Gold looks like it is ready to break up. Bitcoin dropped with the stock markets on Friday.
Lol goofy goof the Fed can add zeros on the spreadsheets Int'l Financial corps for eternity. And they in turn can refuse to lend to productive business as long as they want.
China is imploding and has abandoned the global market and turned inward in a neo-Maoist approach.
The global economy won't recover until USDs reach the people who make things and move them around. And no one in power wants that.
"The market" won't go down until consolidation becomes unworkable in the sense that so many USDs have been transferred to the 0.01% that they have to turn on each other to obtain meaningful profit = World War.
In 2020, I was losing my mind that everyone could happily shut down, chill and accept lots of fresh government money when in late 2019 the economic state of Australia was reportedly stagnant. No one seemed to share my concern.
How we've lived in suspended animation and for this long and for us to avoid anything catastrophic eludes me - but people chuckle and treat me like a conspiracy theorist.
I still don't think we've paid the ticket price for 2020.
If you look at a given publicly traded company and wonder how their stock price isn't way lower, look at what percentage of their stock is held by institutions. When a company is 85% owned by institutional investors, they determine the price, not the market. There is so much manipulation going on, from governments secretly propping up companies to brokers not allowing people to buy or sell a stock depending on what the brokers/insiders want to happen, it never ends it seems. The more I read about this the more, and deeper, corruption I see.
motherjuggs&speed wrote: ↑Sun Jan 23, 2022 10:26 pm
The global depression is coming. Society has been destroyed. None of us will ever be normal people again. All of this is what They want.
An early front-runner for IGX Drama Queen Of The Year!
"Sorry I didn't save the world, my friend. I was too busy building mine again" - Kendrick Lamar
The market was overdue for a correction, no cause to panic. That said, the chuckleheads running things in this country *and a few others* aren't helping the situation.
"I have longed for shipwrecks, for havoc and violent death.” - Havoc, T. Kristensen
Depends on the goals. If you don't mind drawdowns and are in this for the long term then it doesn't matter, and today is as good as any other time. Put some amount in every month, and over the next 20 years you will most likely be fine. There are some caveats though. It has been said many times that the stock market rose 8 - 12% a year on the average. The problem is the average is deceptive, and you may easily have five years of drawdown. In my opinion it is likely now, after a huge bull run. The market is clearly overvalued, PE ratios of S&P companies is around 36, compared to the historic average of about 19 (over two standard deviations from the mean). But then again, the market can defy the logic for a long time.
Another thing to consider is how the BIG BRAINS are going to unwind the dark pool short-selling hedge funds. The exposure is possibly in the trillions of USDs. AMC, Gamestop and BBIG are just isolated cases of the massive dark pool synth shorts.
Volkswagon went to $1000 because of Porsche alone.
There are lots of possible narratives and arguments, both bullish and bearish.The only thing that eventually matters is the size of the account at the end of the day.