Have a Margarita

**Minister of Truth** · 01-21-2022, 04:47 PM

Frankly, I should recommend a martini, but, whatever. The market has been in free fall all week long, and this presser needs booze.

**AProudLefty** · 01-21-2022, 04:50 PM

Originally Posted by Gin Saké

Frankly, I should recommend a martini, but, whatever. The market has been in free fall all week long, and this presser needs booze.

Not a bad advice. I like margaritas.

**Legion** · 01-21-2022, 05:18 PM

Biden crashes the markets.

**Hawkeye10** · 01-21-2022, 05:20 PM

Originally Posted by Legion

Biden crashes the markets.

It only gets worse from here.

**Minister of Truth** · 01-21-2022, 05:28 PM

Hopefully the markets have insurance. Especially from undercognitive drivers.

**Matt Dillon** · 01-21-2022, 05:58 PM

Originally Posted by Hawkeye10

It only gets worse from here.

It's not going to get any better, for sure.

**Hawkeye10** · 01-21-2022, 06:02 PM

Originally Posted by Matt Dillon

It's not going to get any better, for sure.

Anyone who studied history and who has enough life experience and honesty to understand human nature knows that.

Sadly that number is way the fuck too small.

Stone for instance does not know.

SAD

***leaningright*** · 01-21-2022, 06:29 PM

Meh … I’m a tea totaler. No margarita for me, this to the chagrin of my Mexican restaurant owning friend. I’ll have a cup of coffee instead, please. Oh wait, I’m not stressed.

**Legion** · 01-21-2022, 06:46 PM

Originally Posted by leaningright

I’ll have a cup of coffee instead, please.

You may not be able to afford it soon...if you can find any to buy.

Expensive coffee

https://www.wfsb.com/morning-business-report-home-prices-up-food-labeling-is-lacking-expensive-coffee/video_d9961ae9-2933-59fa-a9ba-98066c74e9c3.html

Coffee Shortages

https://www.bloomberg.com/news/articles/2022-01-20/volcafe-sees-second-year-of-coffee-shortages-on-low-brazil-crop

‘Godfather’ of technical analysis says the stock market could fall 20% or more

Prominent market technician Ralph Acampora says the recent bout of market volatility has him uneasy and now he’s forecasting a deeper drop in a market that has already delivered a significant bruising to Wall Street in the first few weeks of 2022.

“I really didn’t like yesterday’s action. That wasn’t cool,” said Acampora in an interview with MarketWatch late Friday morning from his residence in Minnesota, referring to an intraday reversal on Thursday — when the Nasdaq Composite Index COMP, -2.72% was up 2.1% at its peak only to end down 1.3%. It was the second such reversal for the Nasdaq, and the folks at Bespoke Investment Group said that Thursday’s backslide marked the first time the Nasdaq Composite erased “an intraday gain of 1%+ and closed lower by 1%+ on back to back days in over 20 years.”

“That’s not climactic activity, that’s a reversal pattern,” Acampora said.

Acampora, who began his career on Wall Street in 1967, said that the recent pullbacks are bearish for the outlook in stocks.

“I’ve lived through too many bear markets,” he said via phone, noting that the lengthy bullish run for stocks, which has been primarily fueled by easy-money policies from the Federal Reserve to combat COVID, may be coming to a conclusion.

https://www.marketwatch.com/story/godfather-of-technical-analyst-says-the-stock-market-could-fall-20-or-more-but-dont-panic-this-market-really-really-did-unbelievable-for-18-months-11642790170

**Legion** · 01-21-2022, 06:49 PM

Originally Posted by Gin Saké

The market has been in free fall all week long, and this presser needs booze.

**Minister of Truth** · 01-21-2022, 08:47 PM

Originally Posted by Legion

He wouldn't care, because the performance of the market doesn't actually matter to him. He just wants Democrats in power.

**Legion** · 01-21-2022, 08:50 PM

Originally Posted by Gin Saké

He wouldn't care, because the performance of the market doesn't actually matter to him. He just wants Democrats in power.

Good point. I noticed he never gave Trump any credit when the market went up.

**dukkha** · 01-21-2022, 09:18 PM

i cant drink - i like the taste and sensation but it just wrecks me
So I'lll roll another one

**Legion** · 01-21-2022, 09:29 PM

Originally Posted by dukkha

i cant drink - i like the taste and sensation but it just wrecks me So I'lll roll another one

Why would you want to self-medicate on Psaki's advice?

You aren't "pissed about the failed election overhaul", are you?

"Psaki, who joined the Friday broadcast of ABC’s “The View,” had a list of suggestions for people who were sad or angry that the Senate had failed to pass two major DEMOCRAT-driven election overhaul bills — the John Lewis Voting Rights Act and the Freedom to Vote Act".