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Stock Market #3507646
10/14/21 11:30 AM
10/14/21 11:30 AM
Joined: Nov 2011
Posts: 10,542
A
abolt300 Offline OP
Booner
abolt300  Offline OP
Booner
A
Joined: Nov 2011
Posts: 10,542
Does the current market activity scare the heck out of anyone but me? Abysmal jobs report, shortages everywhere, billions in inventory sitting on the lots waiting on chips, empty or low shelves everywhere you look, China's largest RE fund about to have meltdown, massive year over year inflation at 30 yr highs, gas prices up 50% in 12 months, a dementia patient is POTUS, the VP about to replace him's only talent is that slept her way to the top, FED meeting minutes show that they are about to start "tapering" in the coming months, DEMs want to spend another $5 Trillion on cradle to grave welfare boondoggles, US is no longer energy independent, China is about to take over Taiwan, and on and on. And the market is up 550+ points this morning. IMO it is like a glass house surrounded by thousands of people holding bricks.

Re: Stock Market [Re: abolt300] #3507652
10/14/21 11:43 AM
10/14/21 11:43 AM
Joined: Nov 2011
Posts: 21,786
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 21,786
USA
Originally Posted by abolt300
FED meeting minutes show that they are about to start "tapering" in the coming months,


I'll believe it when I see it. I think rates are more likely to go negative than go up.

Re: Stock Market [Re: abolt300] #3507653
10/14/21 11:43 AM
10/14/21 11:43 AM
Joined: Dec 2010
Posts: 16,679
lat 34.09 long -86.13
metalmuncher Offline
Old Mossy Horns
metalmuncher  Offline
Old Mossy Horns
Joined: Dec 2010
Posts: 16,679
lat 34.09 long -86.13
Simple answer, Yes. Been giving a little thought to pulling my toys and going to the house.

Re: Stock Market [Re: Remington270] #3507665
10/14/21 12:05 PM
10/14/21 12:05 PM
Joined: Nov 2011
Posts: 10,542
A
abolt300 Offline OP
Booner
abolt300  Offline OP
Booner
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Posts: 10,542
Originally Posted by Remington270
Originally Posted by abolt300
FED meeting minutes show that they are about to start "tapering" in the coming months,


I'll believe it when I see it. I think rates are more likely to go negative than go up.


Cant happen without Carter type inflation and massive devaluation of the $$. Then again, it might be the Dem's plan to crash the US dollar and have it replaced as the world's currency.

Re: Stock Market [Re: abolt300] #3507689
10/14/21 12:39 PM
10/14/21 12:39 PM
Joined: Jun 2014
Posts: 6,901
Shelby Co, AL
CatHeadBiscuit Offline
14 point
CatHeadBiscuit  Offline
14 point
Joined: Jun 2014
Posts: 6,901
Shelby Co, AL
Better get some Bitcoin before the only thing the bakers take for a loaf of bread is 1 Bitcoin and no change back.


"Arguing on the internet is like playing chess with a pigeon. You may be good at chess, but the pigeon is just going to knock all the pieces down, take a crap on the table, and strut around like its victorious."--Anonymous
Re: Stock Market [Re: CatHeadBiscuit] #3507704
10/14/21 01:28 PM
10/14/21 01:28 PM
Joined: Nov 2011
Posts: 10,542
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abolt300 Offline OP
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abolt300  Offline OP
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Originally Posted by CatHeadBiscuit
Better get some Bitcoin before the only thing the bakers take for a loaf of bread is 1 Bitcoin and no change back.


If that is what he's charging and I want some, he'd better have some armed guards protecting him. If I want or need some, at $50K a loaf, I'll just take what I want by force. You know, kinda like what is happening right now out on the west coast with all the big box stores and nobody being prosecuted for theft. Big groups are just running into the stores and taking what they want. Security just watches them take stuff and lets them run out with it. Strange times we are living in.

Last edited by abolt300; 10/14/21 01:28 PM.
Re: Stock Market [Re: abolt300] #3507709
10/14/21 01:36 PM
10/14/21 01:36 PM
Joined: Nov 2011
Posts: 21,786
USA
R
Remington270 Offline
Freak of Nature
Remington270  Offline
Freak of Nature
R
Joined: Nov 2011
Posts: 21,786
USA
Originally Posted by abolt300
Originally Posted by Remington270
Originally Posted by abolt300
FED meeting minutes show that they are about to start "tapering" in the coming months,


I'll believe it when I see it. I think rates are more likely to go negative than go up.


Cant happen without Carter type inflation and massive devaluation of the $$.


Of course it can't happen without those effects. Those effects will happen too. Stock market gotta go up, that's the rule.

Re: Stock Market [Re: abolt300] #3507710
10/14/21 01:38 PM
10/14/21 01:38 PM
Joined: Jul 2020
Posts: 8,494
Chelsea
L
Lockjaw Offline
14 point
Lockjaw  Offline
14 point
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Joined: Jul 2020
Posts: 8,494
Chelsea
The sad thing is it needs to get really nasty so the voters will not be tempted to vote democrat for a while. The ideal situation is 4 years of Trump and then 8 of DeSantis. And they need to put the smackdown criminally on some of these folks.

Re: Stock Market [Re: abolt300] #3507732
10/14/21 02:48 PM
10/14/21 02:48 PM
Joined: Jul 2010
Posts: 9,166
B'ham
Goatkiller Offline
14 point
Goatkiller  Offline
14 point
Joined: Jul 2010
Posts: 9,166
B'ham

The FED is still pouring money into the markets. They are dancing with the Devil right now and anyone with 1/2 a brain knows it. The potential 3+ trillion stimulus bill isn't why prices are currently moving North of Expensive. This is because the Fed is pouring money into the markets artificially inflating the whole system.

If they pass the 3+ trillion what's going to happen next? Nothing good.... the FED has to stop and stop in a hurry or this is about to be bad. Larry Kudlow said it last night if they don't quit we are about to go off a cliff here.

I would only disagree with him on 1 point. They don't have to raise taxes to put this country into a recession we are already on that path. Raising Taxes would certainly be the nail in the coffin but we are headed that way regardless of the tax code.

We are about to be in a Recession with uncontrolled inflation. They have no bullets in the gun... there is nothing they can do they have to stop inflating stock prices.

Personally I think the Democrats thought they would be able to carry this quantitative easing garbage a few years but like a true pack of idiots they are about to get bit in the ass by it. We are going to be the losers.

Invest in Vaseline if you want a sure bet.


No government employees were harmed in the making of this mess.
Re: Stock Market [Re: abolt300] #3507779
10/14/21 04:09 PM
10/14/21 04:09 PM
Joined: Dec 2013
Posts: 2,295
tuscaloosa
K
kkfish Offline
8 point
kkfish  Offline
8 point
K
Joined: Dec 2013
Posts: 2,295
tuscaloosa
They want it to go off the cliff then they can blame supply chain. They have planned every move they making. How far will it go before it’s stopped well I believe it’s gonna end up on a revolt by the people cause every agency is infiltrated with these people.
They implemented this over years and most didn’t pay attention including myself so now we gonna pay for it before it gets fixed.


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