Market Action

[everything1]

We finally had some correction or a mini downfall today, but .. it's early, probably just funds doing some adjusting at a nice top with great gains lately.

[oak333]

It looks like the big correction has come:
DOW down 665 points
S$P 500 down 60 points

Foreign markets are all in red too.

[oak333]

It looks like the banks have no plans for a financial crisis:

https://www.investopedia.com/news/ba...m_medium=email

The author of this report is an interesting character. He is a Harvard professor,
former chief economist of IMF (International Monetary Fund), and an
interantional master in chess.

[oak333]

The market action can be viewed like that:

https://www.mathsisfun.com/geometry/parabola.html

[oak333]

What a day ! The DOW went down almost 1,600 points intraday:

http://bigcharts.marketwatch.com/adv...false&state=11

[motocat]

Anyone tried to trade today in the last 10 minutes but could not? I was not able to reach vanguard.

[oak333]

The big fall in the markets today was due -to a great extent -to
options, with VIX soaring.

https://www.barrons.com/articles/dow...hoo&yptr=yahoo

The bull market was built on high rates. With the coming tightening,
markets are going down.

It was the first day in the office for the new Fed chairman. Not a
nice day for him.

[motocat]

Anyone else here been buying stock the last couple days? Or do you fear "this is it"?

MSM reported reasons for this action -- fear of inflation because of reported wage increases -- is absurd. As if inflation was not noticed before -- and as if inflation is bad for whatever they may call "the economy". I'm thinking people just make up stories after the digits make moves -- moves that are in large part now determined by financial bots waging digital battles....

It's not real folks -- but enjoy the show. Just be sure that you actually can be of some value to others -- shall these digital battles and robotics one day leave you with no more of their welfare*.

*Most westerners are now dependent on the welfare of others, government policy, and robots -- this is even more true for most of the idle rich then it is for the commonly attacked poor working class.

[oak333]

What caused the big fall in the market today ?

This is an interview with Victor Sperandeo, a well known investor.

He says that the Fed cannot withdraw support from the market without
causing a market crash.

The big factor in the market fall was the debt. It is the realization of the
huge debt. A 35 $ trillion debt is serviced at 6 % by about 2 $ trillion
a year.

https://kingworldnews.com/alert-form...oint-freefall/

[everything1]

It's the interest rate, and the bonds, equities have to cook that in somehow. The debt is never being paid back. How the servicing of said debt will falter who knows, inflationary events? The people will ultimately suffer, it's the same in all countries. It's like a contest to acquire debt until .. you somehow cannot, some countries have done well to rid themselves of the debt addiction.
I think instead of using CC, HELOCS, people are taking some profits to pay taxes and shore up some cash from the free ride interest rates gave equities. Economies are on fire too, it's time to take a step back, bull market is still on until rates go up and stop the party. They may not. Banks may pull back, consumers may even get spooked. We could do well to slow the economy down a whole lot slower than we usually do. Even though it takes a year to put the U.S. into recession, it just doesn't slow down that quick.