Member
Posted 02 November 2022 - 03:11 PM
I am calling for a devastating crash in the US equity markets thru the end of this week.
I believe that the speech by Powell today was a crystal clear statement that he is going to put the US into a recession.
Of particular concern being the statement where he indicated that he would over shoot on the rate increases and then pull back as needed.
thats the straw that breaks the Camels back ........
I want return OF my money more than return ON my money
Posted 02 November 2022 - 06:46 PM
Relax. No crash possible this week. Election is next week on Tuesday.
Edited by pdx5, 02 November 2022 - 06:47 PM.
Member
Posted 02 November 2022 - 09:31 PM
If "past is prologue"...
Soup Lines coming? Late rent payments? Beginning foreclosures on all these new loans on jacked up valuations?
How many homes did the 2007 Las Vegas Showgirls own before the last collapse?
This looks very bad for the future...
“Everything is going up. Gas, food, rent, everything,” said Gladis Blanco, a housekeeper at the Bellagio. “But not our wages. It’s getting better for businesses but not for us: we are still struggling.” There is growing speculation that the housing market could crash in 2022. High interest rates coupled with the cost of living crisis has seen households squeezed as they try to afford rising energy, fuel costs and now mortgage payments.Sep 28, 2022
Consumer Sentiment looks like a low ...until you look at 2007-2008.
Edited by Rogerdodger, 02 November 2022 - 10:19 PM.
I want return OF my money more than return ON my money
Posted 02 November 2022 - 10:52 PM
Of course the crash is coming. What else can we expect after partying for many years on zero interest rates?
But not this week as the original poster of this thread promulgated. Stock futures are already green for tomorrow.
And no crash on Friday either. I am much more worried about 2023. The double whammy of high inflation and high interest rates will cause serious problems for many.
Edited by pdx5, 02 November 2022 - 10:56 PM.
A fool and his money... (the second mousie gets the cheese)
Posted 02 November 2022 - 10:53 PM
I am calling for a devastating crash in the US equity markets thru the end of this week.
I believe that the speech by Powell today was a crystal clear statement that he is going to put the US into a recession.
Of particular concern being the statement where he indicated that he would over shoot on the rate increases and then pull back as needed.
thats the straw that breaks the Camels back ........
Nah. This is and will be a grinding bear with bull swings. We have along ways to go the downside but, it won't be a crash.
Edited by Chilidawgz, 02 November 2022 - 10:59 PM.
A fool and his money... (the second mousie gets the cheese)
Posted 03 November 2022 - 01:49 AM
Member
Posted 03 November 2022 - 01:54 AM
Member
Posted 03 November 2022 - 07:07 AM
So no one here believes Apple could possibly "crash" from this position and take the market with it?
See if bulls can regain 145 today or not, because if not.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
I want return OF my money more than return ON my money
Posted 03 November 2022 - 08:03 AM
Edited by pdx5, 03 November 2022 - 08:04 AM.
Member
Posted 03 November 2022 - 08:07 AM
Yup chill and pdx got it right, grind away until next year where there is the possibility we see 24-25 on the SP500 sometime and I don't see new highs for a few years especially if interest rates remain high.
