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Post by walnut on Oct 11, 2022 13:00:09 GMT
It was a market estimation and bid for the income producing power of the equity of US corporations. The government made it so that future income streams will certainly be lower, so the bids had to come back down as discounted cash flow spreadsheet valuations got adjusted down.
I think that the Fed is over doing it. Going into winter in a bad recession. From our point of view, it's already very bad. Many people we know are quitting business.
While prices did go up, I think that they have mostly stopped going up. We all took a big haircut, but we are seeing freight rates back down to 2020 levels now. It was really a giant wealth redistribution, those covid relief checks.
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Post by code on Oct 11, 2022 14:35:39 GMT
It was a market estimation and bid for the income producing power of the equity of US corporations. The government made it so that future income streams will certainly be lower, so the bids had to come back down as discounted cash flow spreadsheet valuations got adjusted down.
I think that the Fed is over doing it. Going into winter in a bad recession. From our point of view, it's already very bad. Many people we know are quitting business.
While prices did go up, I think that they have mostly stopped going up. We all took a big haircut, but we are seeing freight rates back down to 2020 levels now. It was really a giant wealth redistribution, those covid relief checks.
I read Jamie Dimon yesterday speculating another "easy" 20% drop in the market, which is like another 6,000 points, right? And today in Market Watch Ray Dalio speculating about continued poor returns because we don't have enough money. I thought that was an interesting perspective...we don't have " enough" money to go around. |
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Post by walnut on Oct 11, 2022 15:06:56 GMT
It was a market estimation and bid for the income producing power of the equity of US corporations. The government made it so that future income streams will certainly be lower, so the bids had to come back down as discounted cash flow spreadsheet valuations got adjusted down.
I think that the Fed is over doing it. Going into winter in a bad recession. From our point of view, it's already very bad. Many people we know are quitting business.
While prices did go up, I think that they have mostly stopped going up. We all took a big haircut, but we are seeing freight rates back down to 2020 levels now. It was really a giant wealth redistribution, those covid relief checks.
I read Jamie Dimon yesterday speculating another "easy" 20% drop in the market, which is like another 6,000 points, right? And today in Market Watch Ray Dalio speculating about continued poor returns because we don't have enough money. I thought that was an interesting perspective...we don't have " enough" money to go around. That might happen if the Fed doesn't take their foot off the brake. I think that they will relent before then however. |
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Post by missouriboy on Oct 11, 2022 16:08:33 GMT
Same story in our parts. The old-growth white oaks on the back twenty on our place are still there because (family story) My grandfather refused to sell them to the whiskey barrel makers. Reasons? Well ... he was a devout Southern Baptist and dead set against drinking. BUT, he was also Celtic, and the oak grove was sacred space to the ancient Celts. Now that is a stretch to invoke a genetic(??) ancestral resonance(??). He probably just liked the trees. But that may be the same thing carried across generations. None the less, they are still there ... and it is my job to ensure that they stay there for as long as I can. Your place sounds like the sort of land that I like MoBoy. Drop by if you're in these parts. |
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Post by walnut on Oct 12, 2022 0:40:59 GMT
Your place sounds like the sort of land that I like MoBoy. Drop by if you're in these parts. Don't be surprised... |
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Post by walnut on Oct 12, 2022 1:31:32 GMT
tradingeconomics.com/united-states/mortgage-applicationsThe lowest since 1997?
While the talking heads were debating whether we were in a recession last Spring, we were already in a recession. I had hoped that it wouldn't get as bad as it has this month. I was hoping we might bounce out of it. Whistling past the graveyard I guess
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Post by glennkoks on Oct 12, 2022 23:51:05 GMT
tradingeconomics.com/united-states/mortgage-applicationsThe lowest since 1997?
While the talking heads were debating whether we were in a recession last Spring, we were already in a recession. I had hoped that it wouldn't get as bad as it has this month. I was hoping we might bounce out of it. Whistling past the graveyard I guess
I sound like a broken record. But the current economic situation has the potential to make The Great Recession in 2008 look mild. The UK, China and Japan have currency issues from hell. The strong dollar is putting all kinds of pressure on them. Geopolitical events seem bad and getting worse. This winter in Europe is going to be tough. If there is good news, I think it lies in the fact the demand for commodities, goods and services is likely to decline really fast as economies retract into recession in the next few months. China is already using a fraction of the steel, cement and copper they were just months ago. Dig in. Especially if you are in Europe. |
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Post by missouriboy on Oct 13, 2022 1:15:52 GMT
I'm just hoping that Astro's Armageddon Winter forecast wasn't just one winter too early. 
Not going anywhere near Europe until next summer ... if they're still there.
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Post by glennkoks on Oct 14, 2022 18:57:44 GMT
I’m glad I’m out of the market. Yesterday's inflation news was terrible. And the market shot up like a rocket in what is being described as a bear market trap.
I long for old school fundamentals to return. Respectable gains on solid economic principles. Growth based on earnings and not speculation.
It seems like forces are at work to prop up the market until after the midterms.
Beware!
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Post by missouriboy on Oct 14, 2022 20:51:09 GMT
I’m glad I’m out of the market. Yesterday's inflation news was terrible. And the market shot up like a rocket in what is being described as a bear market trap. I long for old school fundamentals to return. Respectable gains on solid economic principles. Growth based on earnings and not speculation. It seems like forces are at work to prop up the market until after the midterms. Beware! Fourth Turnings are a rough ride. |
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Post by glennkoks on Oct 15, 2022 1:43:29 GMT
I’m glad I’m out of the market. Yesterday's inflation news was terrible. And the market shot up like a rocket in what is being described as a bear market trap. I long for old school fundamentals to return. Respectable gains on solid economic principles. Growth based on earnings and not speculation. It seems like forces are at work to prop up the market until after the midterms. Beware! Fourth Turnings are a rough ride. I have yet to read that but it's on my list! |
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Post by missouriboy on Oct 15, 2022 15:27:27 GMT
Good for him. Maybe others will pile on. Time for the voting public to absolutely understand that this administration is intent on destroying energy production in this country. Brandon (or his handlers) just wants to push it past the election date. He has drained the Strategic Petroleum Reserve to lower the price of gasoline a couple of cents. If we have a real emergency, we're screwed. He threatens the Magic Kingdom for not helping to protect his image. There is no analytical reason for these policies. It's all smoke and mirrors for the fanatical brain-dead minion. Karen(s) is in charge. Substitute Brandon for Slim Pickens riding the bomb.
"This Is A F**king War": Jamie Dimon Slams Biden Energy Policy, Says Investors "Don't Give A Shit" About ESG
In separate - and far more provocative -comments made earlier in the day during a JPMorgan investor seminar where he led a fireside chat moderated by JPMorgan's Gergana Thiel, Dimon made some extremely outspoken comments which however you won't hear on the mainstream media, telling a small group of listeners that was closed to the press that the "President of the Unites States needs to stand up and say we may not meet our 2050 climate objectives because this is a fucking war”.
He also said “time to stop going hat in hand to Venezuela and Saudi and start pumping more oil & gas in the USA.”
Echoing what he has said before, Jamie said that energy independence is how the USA maintains its standing, as the future of the world is in pumping more oil and gas and using energy security to ensure Western unity.
And he did say when it comes to ESG “investors don’t give a shit” warning not to "cede governance to do-gooder kids on a committee”.
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Post by walnut on Oct 15, 2022 15:49:30 GMT
Good for him. Maybe others will pile on. Time for the voting public to absolutely understand that this administration is intent on destroying energy production in this country. Brandon (or his handlers) just wants to push it past the election date. He has drained the Strategic Petroleum Reserve to lower the price of gasoline a couple of cents. If we have a real emergency, we're screwed. He threatens the Magic Kingdom for not helping to protect his image. There is no analytical reason for these policies. It's all smoke and mirrors for the fanatical brain-dead minion. Karen(s) is in charge. Substitute Brandon for Slim Pickens riding the bomb.
"This Is A F**king War": Jamie Dimon Slams Biden Energy Policy, Says Investors "Don't Give A Shit" About ESG
In separate - and far more provocative -comments made earlier in the day during a JPMorgan investor seminar where he led a fireside chat moderated by JPMorgan's Gergana Thiel, Dimon made some extremely outspoken comments which however you won't hear on the mainstream media, telling a small group of listeners that was closed to the press that the "President of the Unites States needs to stand up and say we may not meet our 2050 climate objectives because this is a fucking war”.
He also said “time to stop going hat in hand to Venezuela and Saudi and start pumping more oil & gas in the USA.”
Echoing what he has said before, Jamie said that energy independence is how the USA maintains its standing, as the future of the world is in pumping more oil and gas and using energy security to ensure Western unity.
And he did say when it comes to ESG “investors don’t give a shit” warning not to "cede governance to do-gooder kids on a committee”.
As always, this country will get whatever it deserves. Fate will be fair with us. |
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Post by blustnmtn on Oct 17, 2022 13:15:47 GMT
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Post by glennkoks on Oct 18, 2022 12:34:55 GMT
Looks like another bear market rally is taking place with little to know fundamental changes in the overall economic picture. Just a series of traps and wild speculative trading more akin to a craps table than a trading floor.
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