Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Some of the most valuable organizations are reflected in the stock market, and their relative value keeps increasing.
There is - and has been since the 1980s - big economic trouble for the unprepared and unfit who are slowly being replaced by robots.
This is what I'm talkin' about ...
Quote:
Originally Posted by redguard57
When is the stock market not insane? Since about 2013 it has seemed disconnected from the main street economy. We have more freaking homeless than we have EVER had, both numerically and proportionally. The signs of poverty are all around us... the middle and upper end are better off than ever before but the bottom 15% is much worse because they're priced out of life. But those people are literally worthless to the economy - the pandemic proved that. We should just execute half the population and the markets would go up, they literally do not matter.
The powers that be know that .... They will spend anything ...
In the golden years, say, 1950s-1980s, the US was a two-thirds society, a historical anomaly.
Now it is returning to a one-third society, the historical norm.
Some of the most valuable organizations are reflected in the stock market, and their relative value keeps increasing.
There is - and has been since the 1980s - big economic trouble for the unprepared and unfit who are slowly being replaced by robots.
Repped.... this is the million dollar question. Everyone remembers what happened in March 2020 with the lockdown. Delta variant is an unknown... if it causes similar havoc as the first time, it isn't going to be fun for investors. But maybe it's nothing more than fear mongering by those who want radical world change, and are using Covid to try to get their agenda done. We shall see.
Delta variant is mainly a threat to the unvaccinated.
Delta variant is mainly a threat to the unvaccinated.
Are you sure about that? Wife is in medical field and says the vaccines are only 30% effective against Delta variant, although being vaccinated will lessen the effects.
Are you sure about that? Wife is in medical field and says the vaccines are only 30% effective against Delta variant, although being vaccinated will lessen the effects.
LA TIMES reported a day or two ago the real world numbers are showing Pfizer at 88% on the variants.
Other sources also confirm very high rates of success against serious covid issues
I agree with you and also agree with others who say you can't time the market.
No one should be made to feel bad to take chips off the table at these levels or hedge their positions. It seems that many have forgotten the stock market has risk. They feel that what goes down will always come up and go higher than before. If that is the case ... there is no risk and they don't truly understand the stock market and risk/rewards. There are no guarantees that this will happen in the future (higher highs). That is why the stock market has higher risk than other investments.
Are you sure about that? Wife is in medical field and says the vaccines are only 30% effective against Delta variant, although being vaccinated will lessen the effects.
Yes Delta can break through, but it's serious cases and deaths we're concerned about, not just people sick for a few days. Also, they will get boosters for this.
I'm eagerly awaiting the results of a current NIH study looking at people who got one full course of vaccine and then 4 months later another one from a different company. I will gladly take another vaccine if it ups the protection level.
Few things....many people write books and newsletters too in an attempt to alarm people about the current state of affairs. The man doesn't and has never managed money, why would I make any investment decisions based on this hyperbolic predictions of "asset prices are going down 90% "???? --which he has been saying for years. He's like a carnival barker!
And you're not posting any "new knowledge"---you're posting graphs about PE ratios as a reason not to invest. Please!
Given that this is supposed to be an INVESTING forum, the facts are that your claim of "the fed making asset purchases which will result in a crash" is alarmist and any action on that fear has not helped people with their investments. You, like others on here, point to the headlines of the day and act like the market isn't aware of them and will some day "wake up" and crash. Markets are aware of all widely known information. That isn't "empty rhetoric" as you say, but rather a non emotional lens to view the market. And if one is patient, can help people with their INVESTMENT approach. The numbers over the last 100 years and especially the last decade validate my view.
The term was coined a long time ago. You tried to discredit it by linking it to one specific writer. The strong positive correlation between bonds and stocks have been noted for years.
You also just lied by claiming I made a crash comment predicated by the Fed's asset purchases. I think you have a basic inferiority complex problem in that you're very defensive and fearful about the markets and feel the need to defend it, even against phantoms.
Wikipedia entry on the Everything Bubble phase coined in the media.
Quote:
Everything Bubble in 2020
In November 2020, CNBC host Jim Cramer said the market created by the Fed in late 2020 was "the most speculative" he had ever seen.[17]
In August 2020, James Mackintosh for the The Wall Street Journal noted that investors had been complaining about the so-called 'Everything Bubble' for years. He stated while there are some genuine signs of excessive valuations, the so-called "Everything Bubble" existed in the imagination of those complaining about it and gave examples of areas clearly not in a bubble at all such as oil, retail and banks.[54]
By December 2020, Powell's monetary policy, measured by the Goldman Sachs US Financial Conditions Index (GSFCI), was the loosest in the history of the GSFCI and had created simultaneous asset bubbles across most of the major asset classes in the United States:[12][19][16] For example, in equities,[55] in housing[56][57] and in bonds.[58] Niche assets such as cryptocurrencies saw dramatic increases in price during 2020 and Powell won the 2020 Forbes Person of the Year in Crypto.[59]
In December 2020, Fed Chair Jerome Powell invoked the "Fed model" to justify high market valuations, saying: "If you look at P/Es they're historically high, but in a world where the risk-free rate is going to be low for a sustained period, the equity premium, which is really the reward you get for taking equity risk, would be what you'd look at."[60][61] The creator of the Fed model, Dr. Yardeni, said the Fed's financial actions during the pandemic could form the greatest financial bubble in history.[62]
In December 2020, Bloomberg noted "Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems."[18] CNBC host Jim Cramer said market created by the Fed in late 2020 was "the most speculative" he had ever seen.[17] On 29 December 2020, the Australian Financial Review wrote that "The 'everything bubble' is back in business."[13] On 7 January 2021, former IMF deputy director Desmond Lachman wrote that the Fed's loose monetary policy had created an "everything market bubble" in markets that matched that of 1929.[16]
On 24 January 2021, Bloomberg reported that "Pandemic-Era Central Banking Is Creating Bubbles Everywhere" and called it the "Everything Rally," noting that other major central bankers including Haruhiko Kuroda at the BOJ, had followed Powell's strategy.[63] Bloomberg noted that "Powell, Bank of Japan Governor Haruhiko Kuroda and other leading central bankers, though taken to task about bubbles in markets in recent months, have played down the concerns.[63] In contrast, the Financial Times reported that the People's Bank of China issued a bubble warning on 26 January 2021 for several asset classes including equities and housing and started the process of withdrawing liquidity (i.e. the reverse of a Fed put) through its open market operations.[64]
High up on his list and sooner rather than later, will be dealing with the consequences of the biggest financial bubble in U.S. history. Why the biggest? Because it encompasses not just stocks but pretty much every other financial asset too. And for that, you may thank the Federal Reserve.
— Richard Cookson, Bloomberg (4 February 2021)[65]
You take offense to it because you see it as a disparaging term. Others see it as a recognition of the current state of all the markets. You can either examine what is causing the anomaly as part of the analysis of the markets or you can continue to spout your irrelevant sayings.
Back to the original topic, the response was appropriate given that the poster failed to adequately stay appraised of information that should affect his strategy. There is a reason why the policymakers make these announcements publicly.
Last edited by lchoro; 07-05-2021 at 10:53 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
