All points to a short term spike that will rip your fucking faces off — knock your jawbone loose, and then mudstomp the rest of your mug into dust.
Joined Nov 10, 2007
23,431 Blog Posts
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I got dick stomped today
The chronological sequence of the Great Depression:
1929: sub-4% unemployment; decelerating (global) growth; talks of trade war in Washington; market crash began in October
1930: Hoover tax cuts; Smoot-Hawley Tariff Act; breadlines; more crash
1931: more breadlines; more crash
1932: more breadlines; more crash; market bottomed on July 8, 1932 after a 90% decline
1933: more breadlines
And so on. The breadlines will have the gluten-free option this time when they make a comeback because millennials.
You think today’s Americans will patiently stand on line? Who would have thought: Lyndon, the wild-eyed optimist.
There will also likely be falafel and avocado to go with the bread. Perhaps even a nice pesto.
I, for one, welcome our new orderly lunch lines and tahini sauce. I will ask for red pepper hummus AND the nice pesto. Both are great on bread line sandwiches.
As a reader of history, nice post but a bit facile. In 1929 you could buy stock with 5 to 1 margin. Bank lending was out of control speculative. Inventories were piling up as new production line techniques overwhelmed demand. The banking system was much weaker with many small banks. A handful of bad loans could sink each one. Maybe most importantly, the Fed ramped up rates aggressively with the discount rate at 6%. None of those situations apply today.
Dont fight the deep state. This Fed-engineered sell-off will last through the mid-terms.
You’ll be OK. Just keep your tin foil hat on.
The bounce in the GOP after the Kavanaugh confirmation hearings has spooked investors.
They were hoping the madness would end this November.
Oil has given back more than half its Iran, hurricane, etc., move – covered here.
Your list does not appear to be complete.
What about 02/06/18, for example? Spy dropped by >4%
Or am I wrong?
Crap, I am wrong. Read your dates incorrectly. Apologies.
APOLOGY NOT ACCEPTED
He is aptly named.
PM time?
Hmm, I wonder how the market behaved prior to 2011? If only there was some way to know. Well, because we are in a bull market, I guees it makes sense to only look at recent performance. Maybe I should buy NFLX and AMZN