Stocks: Market Crash Looming

[r3volution 3.0]

10Y looks to be on the verge of new highs

Walmart tanked today on earnings report, I'd like to know if it had anything to do with debt service cost

 

[nikcers]

Dollar crash is where its at, plus its a two-fer if the dollar crashes our debt does too right? I don't think an economy based on paper money can truly flourish without the fourth amendment. We all know that all went away after the patriot act.

 

[Madison320]

10Y looks to be on the verge of new highs

Walmart tanked today on earnings report, I'd like to know if it had anything to do with debt service cost

There's supposedly record amounts of treasury auctions this week plus we're about to top 21 trillion in total debt. I think the 10Y could easily top 3% this week.

 

[Madison320]

We might hit 3% today on the 10Y.

 

[r3volution 3.0]

High of 2.957 yesterday, back down to 2.93 at the moment

Since 2/2 (-666 day when this correction started), we're down about 4.5% in stocks and up about 4% in yields

 

[r3volution 3.0]

10Y yields got close to the recent high last night, the DOW dropped 700+ today, with futures down nearly 200 more and Asian markets following.

We're only a couple hundred points off the DOW's closing low from last month.

This might be the next leg down after the last couple weeks' consolidation.

 

[Krugminator2]

Wouldn't be surprised to see the market undercut the prior low.

 

[oyarde]

Unless it gets a bump tomorrow it looks to be headed back to 23K . If it istill there end of April I would not expect much .

 

[r3volution 3.0]

DOW broke the old low a few hours ago, hovering just above it now.

USD down across the board, PMs up.

 

[Zippyjuan]

This one too (why, apart from the government's debt, interest rates matter so much):

Chart looks dramatic but looking at the scale it shows an increase between the start and end of just six percent.

 

[oyarde]

Dow up 500 to 24k , Gold soars to 1354, silver up about 1 percent or about 16 3/4. Nascrap up 160 .

 

[r3volution 3.0]

 

[r3volution 3.0]

Chart looks dramatic but looking at the scale it shows an increase between the start and end of just six percent.

A 6% year over year increase in consumer debt is dramatic, esp. as rates are rising.

 

[oyarde]

Dow at 23850 . Hard to say . Just glad I do not owe any money .

 

[oyarde]

Brent Crude could go below 70 and West Texas below 65 . Gold looks pretty steady around 1333 .

 

[devil21]

Daily market swings are becoming more abrupt and violent. Whipsawing is not a good sign.

 

[Krugminator2]

A 6% year over year increase in consumer debt is dramatic, esp. as rates are rising.

This one too (why, apart from the government's debt, interest rates matter so much):

Rate hikes by the Fed will eventually lead to a recession and the length of this rally will lead to a brutal bear market. That said, rising rates aren't as bearish short term as people think.

I bet the market will back and fill for a while. This market is not super euphoric. We're still a long ways off from a recession. The market is broken right now but odds favor one more melt up months down the road.

 

[r3volution 3.0]

Rate hikes by the Fed will eventually lead to a recession and the length of this rally will lead to a brutal bear market. That said, rising rates aren't as bearish short term as people think.

I bet the market will back and fill for a while. This market is not super euphoric. We're still a long ways off from a recession. The market is broken right now but odds favor one more melt up months down the road.

It certainly was a week ago, and I see no indication that anything's really changed; it's still Pangloss as far as the eye can see.

We're a couple thousand points (e.g. 13) off capitulation.

 

[Krugminator2]

It certainly was a week ago, and I see no indication that anything's really changed;

The put/call ratio hit the the second highest level in 5 years last Friday.

The market is basically unpredictable and these longer term predictions are just for fun. But my experience is these go on for a lot longer than anyone thinks. Greenspan gave his irrational exuberance speech in 1996.

 

[r3volution 3.0]

The put/call ratio hit the the second highest level in 5 years last Friday.

The market is basically unpredictable and these longer term predictions are just for fun. But my experience is these go on for a lot longer than anyone thinks. Greenspan gave his irrational exuberance speech in 1996.

Greenspan's a funny character.

He, familiar with Austrian economics, knows exactly what he's done, despite his "who done it?" routine on TV.

...anyway, I'm still seeing plenty of that 'irrational exuberance,' in both the financial news and the markets themselves.