US Markets Hit Record Highs

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Moretorque
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Re: US Markets Hit Record Highs

Post by Moretorque »

This is the socialist dream come true, computers to manage all of us from cradle to grave.
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Taco
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Posts: 4864
Joined: July 9th, 2011, 9:30 am

Re: US Markets Hit Record Highs

Post by Taco »

Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an entire year.Now that massive market rig is over. And anyone who continues to invest as though it’s 2017 is going to get annihilated in the coming weeks.

Interbank lending crashed a month ago that's one of the reasons for the recent -10% stock market correction. Its getting bad when even the banks don't trust each other enough to loan money to one another. Those who believe the economy is about to lift off have it ass backward. The economy is on its final legs.

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Here's the long term chart and its ugly...

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The volatility index is now at multi year highs.

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"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
Adama
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Posts: 6205
Joined: August 23rd, 2009, 2:37 pm

Re: US Markets Hit Record Highs

Post by Adama »

Taco wrote:
February 14th, 2018, 4:49 pm
Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an entire year.Now that massive market rig is over. And anyone who continues to invest as though it’s 2017 is going to get annihilated in the coming weeks.

Interbank lending crashed a month ago that's one of the reasons for the recent -10% stock market correction. Its getting bad when even the banks don't trust each other enough to loan money to one another. Those who believe the economy is about to lift off have it ass backward. The economy is on its final legs.

Image

Here's the long term chart and its ugly...

Image

The volatility index is now at multi year highs.

Image
Source? I can't find anything like this on google news.
A good man is above pettiness. He is better than that.
Taco
Elite Upper Class Poster
Posts: 4864
Joined: July 9th, 2011, 9:30 am

Re: US Markets Hit Record Highs

Post by Taco »

A rare display of honesty from CNBC...

Saxo Chief Economist Warns Consumers "Maxed Out", Fears 30% Plunge In Stock Market
https://www.zerohedge.com/news/2018-03- ... ock-market
"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
Taco
Elite Upper Class Poster
Posts: 4864
Joined: July 9th, 2011, 9:30 am

Re: US Markets Hit Record Highs

Post by Taco »

The first trading day of the second quarter was a bloodbath... In fact the worst since The Great Depression. At one point it was down 760 points.

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"One of the saddest lessons of history is this: we're no longer interested in finding out the truth." - Carl Sagan
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