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06-10-2022, 06:06 PM | #12961 | |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-10099
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Quote:
Stock market pain for at least four more months. |
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06-10-2022, 06:14 PM | #12962 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $3500400
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Posts: 7,585
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06-10-2022, 06:31 PM | #12963 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $841110
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The problem we have is there is still a lot of cash floating around.
People bottom fishing, so much traveling, sporting events, restaurants and so much more. Retail investors are not tossing in the towel yet. It's a slow bleed out.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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06-13-2022, 06:52 AM | #12964 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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Prepare thy anus!
S&P back into bear market territory. |
Posts: 46,146
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06-13-2022, 12:19 PM | #12965 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $384734
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Goddamn it. I bought some GE because I though the chart looked pretty good. And it did outperform the s&p for a couple weeks. Now it’s gapped down 2 days in a row.
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Posts: 58,174
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06-13-2022, 03:28 PM | #12966 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-121532
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The butthole has been puckered since late last year. I haven't done much in the markets other than watch my money dwindle. The dollar has been flying up. DXY basket has the dollar up 16+% in the last year against developed peer currencies like EU and the Yen. That seems like a really big move to a FX outsider
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Posts: 6,454
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06-13-2022, 06:55 PM | #12967 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Tired of the red rape every day. Put sell orders on my top 9 most profitable holdings.
Hopefully, I can buy them all back at a much lower price next week. |
Posts: 43,200
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06-13-2022, 07:33 PM | #12968 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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06-13-2022, 07:59 PM | #12969 |
Starter
Join Date: Nov 2004
Location: asdf
Casino cash: $3217963
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7% * 7 days = much lower…
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Posts: 515
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06-13-2022, 07:59 PM | #12970 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Posts: 43,200
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06-13-2022, 08:25 PM | #12971 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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06-13-2022, 08:28 PM | #12972 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-10099
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Posts: 13,730
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06-13-2022, 09:27 PM | #12973 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Posts: 43,200
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06-13-2022, 09:29 PM | #12974 |
It's just a ride.
Join Date: Dec 2010
Casino cash: $3420360
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my take - the quantitative tightening we are witnessing, while much needed, is also unsustainable. powell will get his ear pulled whenever dc gets too uncomfortable with the rising rates on their debt. should see another brief rally when the fed gets the orders to stop raising rates... but after all this happens it will ultimately trigger another even larger crash.
if you're a game of thrones fan just replace winter with recession and you'll get the idea. just have to prepare for it.
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12·12·11 回 RIP Turd Haley |
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06-14-2022, 07:12 AM | #12975 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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There have been 10 S&P 500 bear markets—defined as declines of 20% or more—since 1956.
Start and End Date | % Price Decline From Peak to Trough | Length in Days 7/15/57 - 10/22/57 | 20.7% | 99 days 12/12/61 - 6/26/62 | 28.0% | 196 days 2/9/66 - 10/7/66 | 22.2% | 240 days 11/29/68 - 5/26/70 | 36.1% | 543 days 1/11/73 - 10/3/74 | 48.2% | 630 days 11/28/80 - 8/12/82 | 27.1% | 622 days 8/25/87 - 12/4/87 | 33.5% | 101 days 3/24/00 - 10/9/02 | 49.1% | 929 days 10/9/07 - 3/9/09 | 56.8% | 517 days 2/19/20 - 3/23/20 | 33.9% | 33 days |
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