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(CNBC)   Stock market set to continue its slow motion crash into oblivion on news we now have a fed rate hike we can blame   (cnbc.com) divider line
    More: Followup, Monetary policy, Dow Jones Industrial Average, Federal Reserve System, Central bank, S&P, worst week, Interest rate, interest rates  
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579 clicks; posted to Business » on 24 Jan 2022 at 10:05 AM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-01-24 8:59:55 AM  
Thanks Obama
 
2022-01-24 9:04:29 AM  
Are you telling me it wasn't a good idea to create the largest asset bubble in the history of organized markets?

THE HELL YOU SAY!
 
2022-01-24 9:21:33 AM  
Shoulda had smaller rate increases years ago. But no.
 
2022-01-24 10:03:17 AM  
The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s
 
2022-01-24 10:05:24 AM  

Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s


okay, since you asked...

NATO allies put forces on standby as tensions rise over Ukraine crisis
https://www.cnn.com/2022/01/24/europe/nato-deployment-eastern-europe-ukraine-intl/index.html
 
2022-01-24 10:10:17 AM  
The market has cratered to levels not seen since April of last year.
 
2022-01-24 10:13:17 AM  

plecos: Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s

okay, since you asked...

NATO allies put forces on standby as tensions rise over Ukraine crisis
https://www.cnn.com/2022/01/24/europe/nato-deployment-eastern-europe-ukraine-intl/index.html


Oh hey. Lookie there.
 
2022-01-24 10:15:22 AM  
The Plunge Protection Team will save it.
 
2022-01-24 10:16:48 AM  
It's still overvalued.

/Nelson haha.gif
 
2022-01-24 10:17:24 AM  
Someone smarter than me might know better, but looking that the technicals of the Dow Jones chart, it doesn't look like there's any resistance to dropping all the way down to about 23,000. That would be a huge 35% drop, analogous to what happened in 2008 with the Great Recession.

Anyone see anything different?
 
2022-01-24 10:17:46 AM  
I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.
 
2022-01-24 10:27:42 AM  

Corn_Fed: Someone smarter than me might know better, but looking that the technicals of the Dow Jones chart, it doesn't look like there's any resistance to dropping all the way down to about 23,000. That would be a huge 35% drop, analogous to what happened in 2008 with the Great Recession.

Anyone see anything different?


That seems reasonable.  It's way overvalued.
cmv.imgix.netView Full Size

Millions of investors have joined the market since 2008 and they have never known a bear market.  This is going to be interesting.
 
2022-01-24 10:28:12 AM  
We might be in a full blown recession before we get a quarter point hike. God damn.
 
2022-01-24 10:33:36 AM  

Corn_Fed: Someone smarter than me might know better, but looking that the technicals of the Dow Jones chart, it doesn't look like there's any resistance to dropping all the way down to about 23,000. That would be a huge 35% drop, analogous to what happened in 2008 with the Great Recession.

Anyone see anything different?


I don't see anything quite that dramatic.  P/E ratios and dividend yields are probably better metrics.  A P/E ratio of around 20 seems to be the new "normal" for the past 30 years or so.  I'm expecting another 10-15% drop.  The problem is, we are really in uncharted territory at the moment.  The Fed's balance sheet is enormous.  They've got about 7 trillion $ in excess assets.  Eventually, they need to dispose of those, but they've come up with a novel solution to that problem: hold on to them indefinitely.  So... who knows?

https://www.multpl.com/s-p-500-pe-ratio
https://fred.stlouisfed.org/series/WALCL
 
2022-01-24 10:39:08 AM  

NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.


I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.
 
2022-01-24 10:40:15 AM  

docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.


or anecdote.
 
2022-01-24 10:49:59 AM  
The Fed went way too hard with QE over the last two years. There is no reason the stock market should have been hitting record highs in the middle of a pandemic. Taking it away will naturally send market valuations down closer to where they "should" be.
 
2022-01-24 11:05:14 AM  

Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s


And tax cuts for the rich.
 
2022-01-24 11:13:50 AM  
i.redd.itView Full Size
 
2022-01-24 11:20:37 AM  
thefeeherytheory.comView Full Size
 
2022-01-24 11:36:40 AM  

Scythed: The Fed went way too hard with QE over the last two years. There is no reason the stock market should have been hitting record highs in the middle of a pandemic. Taking it away will naturally send market valuations down closer to where they "should" be.


thatsa-bingo.eps

lots of pain heading to ye'ole 401k
 
2022-01-24 11:40:14 AM  
Nothing like the spectre of a good old fashioned Soviet-style invasion to create buying opportunities for the boys at the top (Pelosi is included too!).
 
2022-01-24 12:12:02 PM  
Dollar cost averaging for the win.

Also, I bet the crypto-bro bragging at the dentist 2 weeks ago about how much money he makes is shiatting his pants now
 
2022-01-24 12:14:47 PM  

docendo discimus: docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.

or anecdote.


I always forget which one sticks up from the ground and which one hangs down from the ceiling.
 
2022-01-24 12:23:23 PM  

chasd00: Scythed: The Fed went way too hard with QE over the last two years. There is no reason the stock market should have been hitting record highs in the middle of a pandemic. Taking it away will naturally send market valuations down closer to where they "should" be.

thatsa-bingo.eps

lots of pain heading to ye'ole 401k


Yeah, but for a brief moment in time, I was able to consider buying a monocle.
 
2022-01-24 12:34:03 PM  

We Ate the Necco Wafers: docendo discimus: docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.

or anecdote.

I always forget which one sticks up from the ground and which one hangs down from the ceiling.


It's anec"dite" to the ceiling :)
 
2022-01-24 12:38:21 PM  

AsparagusFTW: The Plunge Protection Team will save it.


Good thing people have Crypto as a hedge against a market crash.

Fark user imageView Full Size
 
2022-01-24 12:43:46 PM  

docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.


Unless you're a power bottom, a real bottom is hard to pinpoint.  That's why it's called catching a falling knife.
 
2022-01-24 12:45:16 PM  
Not looking at my retirement fund for a while. It's going to be ugly.
 
2022-01-24 12:48:16 PM  

We Ate the Necco Wafers: docendo discimus: docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.

or anecdote.

I always forget which one sticks up from the ground and which one hangs down from the ceiling.


You're thinking of antidote.
 
2022-01-24 12:50:03 PM  

4seasons85!: Not looking at my retirement fund for a while. It's going to be ugly.


This is why I have put all my retirement funds into freeze dried food.

/that's a lot of beans
 
2022-01-24 12:53:27 PM  

goodncold: 4seasons85!: Not looking at my retirement fund for a while. It's going to be ugly.

This is why I have put all my retirement funds into freeze dried food.

/that's a lot of beans


Hey! At least you have food! Solid investment.  I'd also look into beer just to wash it down a bit.
 
2022-01-24 12:54:18 PM  

plecos: Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s

okay, since you asked...

NATO allies put forces on standby as tensions rise over Ukraine crisis
https://www.cnn.com/2022/01/24/europe/nato-deployment-eastern-europe-ukraine-intl/index.html


Fark user imageView Full Size
 
2022-01-24 12:58:09 PM  

4seasons85!: goodncold: 4seasons85!: Not looking at my retirement fund for a while. It's going to be ugly.

This is why I have put all my retirement funds into freeze dried food.

/that's a lot of beans

Hey! At least you have food! Solid investment.  I'd also look into beer just to wash it down a bit.


I figure I can also crunch up the wrappers and stuff it in my cloths to keep warm too!

Unfortunately once the system has collapsed beer will attract too many unsavory types like my teenaged kids.
 
2022-01-24 12:59:02 PM  

hammettman: docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.

Unless you're a power bottom, a real bottom is hard to pinpoint.  That's why it's called catching a falling knife.


I am not too greedy, when we move from -40% on the NASDAQ from the high back up to -35%, I will buy back in. I am only playing with 401(k) MFs anyhow. I bought out of a fund tech heavy fund at 75 and it was down to 63 on Friday. I am already in the money no matter where I buy back in.

Folks who are patient and not too greedy will have another March 20 situation.
 
2022-01-24 1:15:21 PM  

Rapmaster2000: The market has cratered to levels not seen since April of last year.


THIS.
 
2022-01-24 1:19:16 PM  
I wonder where all the people calling for taxation of unrealized capital gains went to.
 
2022-01-24 1:22:45 PM  
So the real question is what to buy in the dip?
 
2022-01-24 1:32:13 PM  

NewportBarGuy: Are you telling me it wasn't a good idea to create the largest asset bubble in the history of organized markets?

THE HELL YOU SAY!


I thought only crypto had slides.....
 
2022-01-24 1:33:28 PM  

Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s


War is good for stock owners
 
2022-01-24 1:34:10 PM  

Rapmaster2000: The market has cratered to levels not seen since April of last year.


But only crypto has downcycles...
 
2022-01-24 1:34:49 PM  

Lochaber_Axe: So the real question is what to buy in the dip?


Personally I'm looking at the likes of FedEx, and airlines with a healthier balance sheet like Southwest. Airline bookings were already improving across the board, and freight keeps getting more and more expensive.

But I'm only jumping in AFTER the panic dies down. I'm fine with missing the bottom if that means I don't have to catch falling knives.

/ not investment advice.
 
2022-01-24 1:35:23 PM  

Corn_Fed: Someone smarter than me might know better, but looking that the technicals of the Dow Jones chart, it doesn't look like there's any resistance to dropping all the way down to about 23,000. That would be a huge 35% drop, analogous to what happened in 2008 with the Great Recession.

Anyone see anything different?


U r thinking of crypto.

Murcan stocks are orgasms and cookies
 
2022-01-24 1:36:50 PM  

docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.


Beats working for a living
 
2022-01-24 1:38:02 PM  

Scythed: The Fed went way too hard with QE over the last two years. There is no reason the stock market should have been hitting record highs in the middle of a pandemic. Taking it away will naturally send market valuations down closer to where they "should" be.


The Fed needs to print more dollars.

Snicker
 
2022-01-24 1:39:20 PM  

chasd00: Scythed: The Fed went way too hard with QE over the last two years. There is no reason the stock market should have been hitting record highs in the middle of a pandemic. Taking it away will naturally send market valuations down closer to where they "should" be.

thatsa-bingo.eps

lots of pain heading to ye'ole 401k


Until that too disappears
 
2022-01-24 1:40:18 PM  

hershy799: Dollar cost averaging for the win.

Also, I bet the crypto-bro bragging at the dentist 2 weeks ago about how much money he makes is shiatting his pants now


Not if he is a Hodler
 
2022-01-24 1:43:32 PM  

Mad_Radhu: AsparagusFTW: The Plunge Protection Team will save it.

Good thing people have Crypto as a hedge against a market crash.

[Fark user image image 425x706]


Hodlers do

I cant count the number of times crypto has dipped 50 or 60% only to come roaring back.

The Future is always a good investment.
 
2022-01-24 1:44:00 PM  

Linux_Yes: Nadie_AZ: The markets crash as the working class strangles under a pandemic and too low wages that are impacted by increasing inflation.

You know what would help? A war.

/s

War is good for stock owners


So is peace.

- Rules of Acquisition
 
2022-01-24 1:44:19 PM  

hammettman: docendo discimus: NewWorldDan: I've been sitting on a (small) pile of cash waiting for this to happen. Limit orders placed, time to sit back and see how close I get to the bottom.

I put everything into cash in October and just missed the peak. As it stands now, I am going to make a killing when this bottoms. This is not financial advice, just an anecdite.

Unless you're a power bottom, a real bottom is hard to pinpoint.  That's why it's called catching a falling knife.


Most Farkers are bottoms who want to be Tops
 
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