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CSU, our best Canadian tech stock... is up +0.84%, lol.This was a thorough ***-kicking today. Can't believe that everything I hold was down... amazing.
That's bear markets for ya.
I think those days are gone... but not long gone.those days are long gone
I'm sure that will happen too, but mainly because we've just had a bubble of median prices rising more than +30% over the past 2 years, so even if prices drop -20% it's just a correction. Obviously, like in the stock market, it'll hurt those who bought the bubble.I am convinced our prices here will be substantially lower by September.
Honestly oftentimes I don't understand them. They believe in the efficient market hypothesis, so every information is priced in, which also means that every new information makes the market move and Powell definitely brings new information every time he opens his mouth. If that information was mostly expected, volatility decreases as the market will price that reduction in the risk of unexpected information since the expectations were confirmed. If that information was mostly not expected, volatility will increase until it stabilises to a new level pricing it that unexpected information.@MrBlackhill you'll notice that on the 'Rational Reminder' forum, people seem to think it's crazy and irrational when stock prices swing around as Powell opens his mouth.
S&P500 won't reach new all-time highs for a while. Certainly not in 2023, maybe even new lows. And most likely not in 2024 either.Looks like we're set for another bloodbath in the markets today. Sigh. Just a month ago it looked like we were getting out of this.
You have to look at this on a log scale though.I personally believe the market is headed much lower.
It has gone almost parabolic during the pandemic.
As Dr. Burry says, parabolas never end well.
I wonder if we'll see new lows lower than the 2020 crash. That would be a pretty nice crash.Since 2020
Yes, I also believe it's unlikely.Unlikely indexes would fall below the lowest 2020 levels IMO. Some stocks might though.
Yup, yup, look at this. Another 5-10 more years and we'll have a huge issue.And the country has maintained strong employment figures all the while. Many say that will not remain true as interest rates continue to rise, but we also have the phenomenon of massive numbers of the tail-end of the Boomer generation retiring. And that is leaving many, many vacancies.
Interesting times indeed.
Same. No matter how high are the rates, if the market truly crashes for real, I'll use LoC.I've got my LOC ready.
If we see 3200 sp500, I'll tap a little and take a nibble. The further down we go from there, the more I will pull from the LOC.
But I'm not pulling anything until 3200, if it ever hits.
Here's an official source and then different sources. In a few words: when it's negative (inverted yield curve), expect a market crash within the next ~18 months.I'm going to be the guy who admits he doesn't know what this yield spread means. Can you tell me in layman's terms what we might expect as a result of this development?
Dead cat bounce.So what's the consensus. Bear market is over?
Stocks and bonds go straight up now?
My portfolio was up 25 grand today. Absolutely ridiculous.
(this post is meant to be funny... nobody can predict where markets go next)