Dow skids 650 points, tech stocks battered as inflation climbs to highest in 13 years

originally posted by: jhn7537
a reply to: LSU2018

Jeff Bezos has now converted $5.1 billion plus this week alone of Amazon shares... one has to wonder if this is standard practice for him or is he converting due to anticipation of the market taking a big ole dip??

His divorce most likely liberated a lot of his shares as well. Melinda splitting with Bill G does the same for the Gates family.

a reply to: 38181

thats what I just did, sold a house in okc that needed work for 120 (yea not a huge number but I owed 60 and it needed work).

over paid slightly on a house in south ga at 130, but its bigger than the new houses and 100k cheaper and my promise money was rolled into the down payment.

Not bad over all but I had to look long and hard before finding the right place at close to the right price.

coworker just dropped 300k on a house slightly bigger than mine with a pool, the market is crazy right now.

originally posted by: EternalShadow
Every administration since 1913.

No, the easy money policy doesn't date to then. Interest rates have been much higher in the past for sustained periods, these are historic lows.

a reply to: AugustusMasonicus

Also quantitative easing is relatively new.

Kind of a gas on fire type deal.

originally posted by: CriticalStinker
Also quantitative easing is relatively new.

Kind of a gas on fire type deal.

Yes, that also needs to be addressed. It's just stupid fiscal policy after stupid fiscal policy supported by every administration and Congress. They are relying on the stupidity of the average American to keep their charade going.

this needed to happen. This is a good buying opportunity. Remember scared money doesn't make money.

Plenty more easy money to come. Really damn easy money. This is when you buy.

a reply to: booyakasha

In 2020 the Dow Jones lost over 8000 points, its only lost 1500 points this week so far.
Damn easy to gamble much harder to invest.

a reply to: LSU2018

Is a democrats economy now, wait for their taxes to start hitting all the middle class in America, after all somebody have to pay for their spending. Meanwhile China is one of their main benefactors with biden greeny initiative, we have to keep paying slaves in china for the solar panels that will be run up our rear ends in the name of saving the planet.

Hey guys invest in China precious metals and solar panel companies.

a reply to: marg6043

Is a democrats economy now, wait for their taxes to start hitting all the middle class in America, after all somebody have to pay for their spending.

Unless we move off fiat and go to a strictly debit basis for the government, this is inevitable. The admin under Trump had record spending per year, and while I'll admit a lot more of that has to do with congress, he had all three branches his first two years, so that doesn't quite negate it IMO.


Per the rest of your comment about China, I can't disagree. I'm pro Green energy so long as it's organic and not subsidized by the government. If the technology and benefits are better for the consumer its a no brainer... But that doesn't seem like the current trajectory. Also, we should make it easier for domestic companies to flourish in this space.

Lots of great info and opinions so I'll just add mine to the mix, with all the awesome grants, etc there is one part of the people that are "left behind" , yes I'll say it single white men, and forget the racist comment, same across the board. Not crying, just saying, if you look at it a different way, who wouln't have alot left to lose? Make sure to heard them right? And besides this yes the unemployment (if you can get it look at the real numbers) makes and easy group to in the near future " not married, not helping"..... I'm not that old but I have never seen anything like this. All sides are mad as hell, in trouble (for the most part) and waiting for help. SMH It will either bring the dollar complete down (and affect all markets regaurdless what you think) or universal ugh. Get ready to share. (exceptthe ones WE elected for this sh!t) No not fpor present, local and above. We did it to ourselves, right or left

originally posted by: AugustusMasonicus

originally posted by: EternalShadow
Every administration since 1913.

No, the easy money policy doesn't date to then. Interest rates have been much higher in the past for sustained periods, these are historic lows.

Globally, roughly 5,000-year lows

a reply to: AugustusMasonicus

They are relying on the stupidity of the average American to keep their charade going.

Honestly a really safe bet.

The Republicans just found their kill shot. I heard yesterday: gas shortage, look weak on Middle East and inflation. Joe Biden is jimmy carter 2.0. It will be Biden’s millstone around his neck. It’s over and the stock market will pull back.

a reply to: LSU2018

Maddow will let you know how it's Trump's fault.

The market ebbs and flows. Are we really concerned about a 650 pt slide? Are our hands made of paper? I lick my chops on red days for the buying opportunities. Raise the interest rates, crash the housing market, crash the stock market, and buy-buy-buy!

originally posted by: joejack1949
Raise the interest rates, crash the housing market...

Higher rates would be better for the real estate market.

originally posted by: AugustusMasonicus

originally posted by: joejack1949
Raise the interest rates, crash the housing market...

Higher rates would be better for the real estate market.

What do you mean by "better?" Low borrowing rates contribute to skyrocketing real estate prices. Higher rates means house prices go down because the cost of your mortgage goes up.

a reply to: St Udio


obviously i did not jump in like the DowJones was a Casino-for-Equities....on Thursday or so far today (friday 14 may)

but the stock i am tracking has been in a very narrow range (unlike the past year of run up to $50ish from $26ish) for that past 6 days running

looks like August for the long awaited correction--- that's when the FED will be hiking interest rates and possibly reduce the total amount spent in QE/ buying Treasury paper at $80 billion a month (that no-one else in the global community wants to buy any more)

unless a conflict starts immediately, confidence in the USA Fed Res Note will seek a lower bottom ---until the reserve status is questioned in favor of a Yuan led basket-of-currencies & crypto along with PMs

August correction-or-downturn anywhere from 10-20%
(keep your cash ready to buy from here on out at a prefigured rate that is in ratio to the spot sell-off opportunities
~ had $2k at the ready--- but would reduce buy to a mere $500 if so motivated by the intensity of the market drop...as my target equity increases market share and has solid growth and increasing profits and dividend yields all the way to $400 Per Share down-the-road in 1 year

edit on th31162100630314312021 by St Udio because: (no reason given)