Stocks: Market Crash Looming
- Thread starter ChooseLiberty
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What the hell are you talking about? Who said anything about the Fed restarting QE today?
Can you post a chart of today's S&P500 for us so we can see that red 5 point close.
Lower than expected. That's one way to put it, I guess. Since prior month's reports are invariably quietly revised downward, sometimes yugely, the real number likely showed negative job growth for the month.
Zippyjuan
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Actually it was down 5.86 (no time to do a screen grab for you). I don't say that the Fed will start QE today. I don't say they will start it anytime soon at all. You said that a drop in the S&P 500 would lead to the Fed starting up QE again. Not me.
As for jobs, January came in above expectations, February below. It will even out over time. Most of the negative news came in the construction industry which was hurt by the big winter storms which swept the country.
Article quoting stocks today: https://www.usatoday.com/story/mone...isappointing-february-jobs-report/3102501002/
Zippyjuan
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specsaregood
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called this one.
Krugminator2
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I got the short wrong a few weeks back and slammed my fingers in the car door with that one. I got the short semi-wrong at the end of 2017 even though I made money on it. I was a month early But yeah, that was pretty obvious long the other day. I am glad someone read these. I have probably posted 7 or 8 short term calls in etfs like silver and oil over the years and gotten them correct though you have to be nimble exiting those. And I have pretty good track record when I post about stuff here even though it is small part of what I do. (BTW traded every single call except the initial Bitcoin short, though I did short it subsequently.)
I said the morning of the bottom in December was a once a decade opportunity. The SPY is up 20% since. http://www.ronpaulforums.com/showth...inancial-Crisis-Of-2008&p=6725279#post6725279
You can see who what I wrote during the selloff in Feb. http://www.ronpaulforums.com/showthread.php?214118-Market-Crash-Looming/page99
I called the bottom in gold +/- a couple of days and roughly the bottom in miners with pretty good reasoning. http://www.ronpaulforums.com/showth...ng/page103&highlight=krugminator2+gold+miners
Bitcoin short was right +/- 1 day. Alio Gold which I sent you basically played out with the tax loss selling ending. USAS had the drop and the bounce though that wasn't a very good call. I did a write up on Maxlinear which is a real company three or four years back and that basically doubled from the day I wrote it. http://www.ronpaulforums.com/showth...hread-full-of-stock-picks&highlight=maxlinear
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DamianTV
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[video]http://www.technocracy.news/wp-content/uploads/2019/03/debt-rising.png[/video]
What could go wrong?
If wages and pay for Main Street went up at the same curve, perhaps people could pay the bills. But they arent. And Zipmonster ought be along shortly to throw some fluff our way about how it is and flat out lie to us as usual. So why are credit card balances continuing to go up up up? Because people are using credit cards to pay for their monthly expenses.
Some recovery.
What could go wrong?
If wages and pay for Main Street went up at the same curve, perhaps people could pay the bills. But they arent. And Zipmonster ought be along shortly to throw some fluff our way about how it is and flat out lie to us as usual. So why are credit card balances continuing to go up up up? Because people are using credit cards to pay for their monthly expenses.
Some recovery.
Zippyjuan
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[video]http://www.technocracy.news/wp-content/uploads/2019/03/debt-rising.png[/video]
What could go wrong?
If wages and pay for Main Street went up at the same curve, perhaps people could pay the bills. But they arent. And Zipmonster ought be along shortly to throw some fluff our way about how it is and flat out lie to us as usual. So why are credit card balances continuing to go up up up? Because people are using credit cards to pay for their monthly expenses.
Some recovery.
Looking at the chart you linked to, it is mostly car and student loan borrowing which has increased.
Superfluous Man
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Where did you get the idea that they aren't?
If people are racking up too much credit card debt, it's because they're choosing to live above their means. It's not because normal people today can't make enough to live on.
specsaregood
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Of course credit card/debit card and digital purchasing make it much easier to do so as well. It is tougher to live beyond your means when you have to pay with cash out of your wallet.
Danke
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Next downturn you'll be selling trinkets again at tourists sites.
I would do it now if I had time and thought I could get away with it . I do not expect a downturn on gold . I think that is the new bottom . Dow still inflated badly .
specsaregood
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So what do you think of the upcoming week? Further down or bounce? I think back up on news of the end of the Mueller brouhaha.
I think back up a little . More if Mueller would be made to wear a MAGA hat all week .
Krugminator2
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No idea. Nothing I would trade off of. I am dumb. I like easily quantifiable stuff that shows an 80%+ win rate or when sentiment is at a major extreme where the odds are hugely stacked. Neither of those are the case right now.
Krugminator2
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Would buy Brazil's market (EWZ) though at 40 and add if it closes down on the day. Should be good for a short term pop.
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