ALERT FUNG BLACKALERT: Markets Are Taking A Huge Dump

N

night driver

ESFP adrift in INTJ sea
If we cross all the way down to a Kilo-buck, gonna be a FASCINATING weekend.

ED2ADD:

Just looked at the slope of the trend and it ain't good...
 
Warm Wisconsin

Warm Wisconsin

Easy as 3.141592653589..
I have been betting that the market would melt up when the S&P went about 3,600. After the melt up the S&P I bet it would crash to around 2,150. I am triple leveraged short for over 2 years on this bet. It is giving me nice returns now. However, it will not offset the cost of a long term major depression.
 
amazon

amazon

Veteran Member
Not a financial person but have been reading articles about what's expected in the next few months and couple of years. Does anyone care to share their thoughts about what to do with your 401K? Most 401k's are heavily invested in the market. Seems some think there will be a short bounce up before a bigger decline. Thoughts? (which will not be considered financial advice. : ) )
 
Red Baron

Red Baron

Paleo-Conservative
_______________
I think DOW 30,000 even is an emotional threshold. Maybe even some automated trading may be triggered then also.

Expect a lot of PPT this afternoon to keep us above DOW 30,000 today.

Next week, who knows? I don't think the markets have much tolerance left for any more bad news.
-------------
Dow Jones Industrial Average (^DJI)
DJI - DJI Real Time Price. Currency in USD

30,692.88-560.25 (-1.79%)

As of 01:32PM EDT.

 
von Koehler

von Koehler

Has No Life - Lives on TB
amazon said:
Not a financial person but have been reading articles about what's expected in the next few months and couple of years. Does anyone care to share their thoughts about what to do with your 401K? Most 401k's are heavily invested in the market. Seems some think there will be a short bounce up before a bigger decline. Thoughts? (which will not be considered financial advice. : ) )
Click to expand...

Sell.
 
N

NCGirl

Veteran Member
St Louis Fed president came out and said there won't be a recession... and the DOW jumped up a couple hundred. Really, you are going to fall for that again? People are dumber than I thought.

My guess is it will be down today a few hundred and Monday will be very interesting. This was a very bad week for the market especially the retail sector.

I'm guessing lots of scared folks are going to be sitting around the kitchen table this weekend discussing pulling a lot of their money in their 401ks from stocks over to treasuries or something safer. They feel the panic in the air and once the herd panics all bets are off...
 
The Hammer

The Hammer

Has No Life - Lives on TB
NCGirl said:
St Louis Fed president came out and said there won't be a recession... and the DOW jumped up a couple hundred. Really, you are going to fall for that again? People are dumber than I thought.

My guess is it will be down today a few hundred and Monday will be very interesting. This was a very bad week for the market especially the retail sector.

I'm guessing lots of scared folks are going to be sitting around the kitchen table this weekend discussing pulling a lot of their money in their 401ks from stocks over to treasuries or something safer. They feel the panic in the air and once the herd panics all bets are off...
Click to expand...
Why would they believe a Fed president when he says something that goes against obvious evidence, just because he said it?

All the signs are pointing to a possible recession, and it's just stupid to deny it. At least acknowledge things are bumpy.

Reminds me of when Bernanke and Paulson were out trying to calm the crowd in the run-up to the 2008 crisis. Equally stupid statements of "all is well".
 
dioptase

dioptase

Veteran Member
Well, I have to say I'm a little bit surprised. I knew it was going to tank, I just thought we'd get one more bounce up before it did.
 
R

raven

TB Fanatic
If there is no recession and there will not be a recession,
then they can raise rates.
If a recession is looming, they can't.
 
N

NCGirl

Veteran Member
dioptase said:
Well, I have to say I'm a little bit surprised. I knew it was going to tank, I just thought we'd get one more bounce up before it did.
Click to expand...
We will get lots of bouncing. I don't think we will see any bounces above 32K again. But nothing makes sense in the market anymore. so i may be wrong. again.
 
EMICT

EMICT

Veteran Member
The Hammer said:
Why would they believe a Fed president when he says something that goes against obvious evidence, just because he said it?

All the signs are pointing to a possible recession, and it's just stupid to deny it. At least acknowledge things are bumpy.

Reminds me of when Bernanke and Paulson were out trying to calm the crowd in the run-up to the 2008 crisis. Equally stupid statements of "all is well".
Click to expand...
It’s not a ‘they’, it’s a computer program that responds. There’s very few ‘they’ participating in the market. It’s all algorithm steering by the fed and other ‘interested’ parties to produce a desired computer response.
 
Ractivist

Ractivist

Pride comes before the fall.....Pride month ended.
One thing is for sure, the drop will make food unaffordable for the masses. The government will save the day, and provide a cup or so of gruel, and a slice of bread a day.....lots of work to do to earn it. So benevolent they are, best yoda voice.
 
S

shane

Has No Life - Lives on TB
Intestinal Fortitude said:
every thing was fine until Biden . . .this is a plan not a mistake or even incompetence
Click to expand...
TPTB running Biden admin would much rather be thought stupid & inept than for too many of us to begin to get a clue that it’s all been on purpose to cause a crash crisis that they’ll later use as excuse for ever more emergency powers.

Panic Early, Beat the Rush!
- Shane
 
Bogey

Bogey

“Where liberty dwells, there is my country.”
Breaking Report: Dow Jones Is Down 8 Consecutive Weeks
Posted on May 20, 2022 by admin

The Dow is set for another week of declines. This Dow has now been down for 8 consecutive weeks. This has not happened since 1923.

Things are about to get real.

This has not happened in 90 years.

The Dow is currently down 434 points on Friday at 3 PM ET.

freedomrockradio.co

Breaking Report: Dow Jones Is Down 8 Consecutive Weeks - Freedom Rock Radio

The Dow is set for another week of declines. This Dow has now been down for 8 consecutive weeks. This has not happened since 1923. Things are about to get real. This has not happened in 90 years. The Dow… Continue Reading →
freedomrockradio.co freedomrockradio.co
 
S

Squid

Veteran Member
Knoxville's Joker said:
I think big business is sending a message to the democrats and the biden administration. You are getting no more money until your idiocy stops.

The other thing is this is a repeat of the 20s crash. I lay odds the complete crash occurs around 2029.

Businesses do not respond well to administrations that are not well rooted in reality, sanity, and sound economic principals, none, of which the current administration has.

I think this is all fallout from the lie on interest rates. And really this is a paradigm shift as businesses change over to a non debt based business model, but that means, no more record profits. Everything has to be cash flowed. This also means far less pay outs to investors.

This is also businesses freaking out over the coming 20%+ interest rates fixing to come home to roost. As such this is a natural organic economic correction and any government reaction or action to correct things will make it worse and there is not enough money at this point to correct it.

And really this is ultimate fallout from the Plunge Protection Team(PPT) started under the Bush administration finally failing. The Biden administration nailed the final nails in the coffin to devalue the currency to a point to make it ineffective.
Click to expand...
What you smoking. Big business and international CEO types installed these morons. They have served their purpose and are being discarded to try to install the next puppet.
 
The Hammer

The Hammer

Has No Life - Lives on TB
Bogey said:
Breaking Report: Dow Jones Is Down 8 Consecutive Weeks
Posted on May 20, 2022 by admin

The Dow is set for another week of declines. This Dow has now been down for 8 consecutive weeks. This has not happened since 1923.

Things are about to get real.

This has not happened in 90 years.

The Dow is currently down 434 points on Friday at 3 PM ET.

freedomrockradio.co

Breaking Report: Dow Jones Is Down 8 Consecutive Weeks - Freedom Rock Radio

The Dow is set for another week of declines. This Dow has now been down for 8 consecutive weeks. This has not happened since 1923. Things are about to get real. This has not happened in 90 years. The Dow… Continue Reading →
freedomrockradio.co freedomrockradio.co
Click to expand...
Wow, not even in 1929 or years after did it happen. Interesting.
 
Knoxville's Joker

Knoxville's Joker

Has No Life - Lives on TB
Squid said:
What you smoking. Big business and international CEO types installed these morons. They have served their purpose and are being discarded to try to install the next puppet.
Click to expand...

Some were. The problem is that the businesses got snookered when they paid attention to the whiney 1% social media idiots just so they can rank better. The problem is that this causes leadership to make incorrect longer term decisions.

And yes some businesses to appoint some of the folks in office. But if you dig further. Pelosi and Clinton are hardcore mob tie ins to organized crime and are there by virtue of their heritage.
 
doctor_fungcool

doctor_fungcool

TB Fanatic
from Bloomberg News

"
Bloomberg) -- "Soaring costs and swollen inventories have retailers on the ropes, and investors fear that the punishment won’t ease anytime soon.

With companies from Costco Wholesale Corp. to Dollar General Corp. and Best Buy Co. set to report earnings next week, investors are bracing for more bad news after a disastrous few days that sent giants like Walmart Inc. and Target Corp. to their worst stock-price drops since 1987."
 
doctor_fungcool

doctor_fungcool

TB Fanatic
Took a 2 hr. Road trip around my county. Few cars on the road.
businesses devoid of customers..
My take..
the calm before the storm..
and what a storm it will be.

NOTE: I live in the sticks so my survey is not scientific whatsoever.
NOTE2: On a more somber note lots of folks I know are dying...very distressing.
NOTE3:Folks are triggered easily
 
Last edited:
pauldingbabe

pauldingbabe

The Great Cat
Knoxville's Joker said:
Not here. Madder than a sanitarium that ran out of valium...
Click to expand...


I chuckled a little then thought about it.... Running out of depression meds is going to be a level of disaster all unto itself.

You have to titer down off of a lot of those too.

One reason they closed all the loony bins was because of things like Lithium, Valproic acid, zoloft, Prozac, Xanax, and other heavy hitters.

No more psychological medicine = more trouble a lot of people aren't thinking about.
 
You must log in or register to reply here.
Top