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Thread: Markets collapse - Dow down 3.5% in single day

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    Quote Originally Posted by dukkha View Post
    i think you are correct. Rate increases should have started much earlier -
    but Biden/Congress was too busy inflating the money supply
    the classic end to runaway inflation is a recession
    This is going to end worse than that.... the collapse of the dollar as a reserve currency and the end of the current world economic order.

    China will decide the next one, but there will be a depression before they do, likely at least a decade.
    "Performance never stopped mattering, real life is NOT WOKE FANTASYLAND!"<<<<<<<<<<<Hawkeye the Wise

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    Quote Originally Posted by Althea View Post
    [FONT="]Walmart reported a 25 percent drop in profits to $2.1 billion for the quarter ending April 30. That translated into $1.30 per share, below the $1.48 expected by analysts.[/FONT]
    Revenues rose 2.4 percent to $141.6 billion.
    I dont expect you to know anything about the stock market, but one would think you would have some meager abilities with math. In your example above the difference between $1.48 in earnings and $1.30 is not anywhere close to 25%. Try instead 12%.

    I shouldn't really blame you, since you just post whatever your handlers give you, without a single thought of its accuracy.

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    Quote Originally Posted by floridafan View Post
    One company does not reflect the entire economy, just look at the profits of oil producers and distributors.
    what percentage of sales were the profits of oil companies in 2020 versus 2022?.....
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    How long will gas prices be so high?

    Waldenback said there is no ceiling, but it's certainly possible for the national average to go above $5 at some point this year.

    "If we're saying the situation is like it is now, then I still think we're going to see fairly high prices for possibly the entire year and possibly longer," he said.

    prices later this week could be closer to $5 per gallon than $4, as demand continues to edge higher and inventories of both gasoline and diesel continue to decline, temperatures warm and motorists get back outside and we near the Memorial Day weekend, the start of the summer driving season," De Haan said. "There isn’t much reason to be optimistic that we’ll see a plunge any time soon."
    https://www.usatoday.com/story/money...rd/9798086002/

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    Quote Originally Posted by PostmodernProphet View Post
    what percentage of sales were the profits of oil companies in 2020 versus 2022?.....
    I doubt you have the ability to look that up, ask your handlers for help

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    Quote Originally Posted by Althea View Post
    [FONT="]Walmart reported a 25 percent drop in profits to $2.1 billion for the quarter ending April 30. That translated into $1.30 per share, below the $1.48 expected by analysts.[/FONT]
    Revenues rose 2.4 percent to $141.6 billion.
    so what you are saying is that although sales are up, profits are down......seems logical given conditions......
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by Althea View Post
    The Fed poured billions into the market during Covid. People were losing jobs, not paying rent, and having a hard time feeding children, but corporations needed money for dividend hikes and share buybacks.

    Now the the Fed dumped the corporate bonds, the market is leveling out. In essence, the fantasy is over. I don't think it's the bottom yet. I'm waiting a little longer to start buying.
    A little reality usually helps.
    "Give pearls away and rubies but keep your fancy free."

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    Quote Originally Posted by floridafan View Post
    I dont expect you to know anything about the stock market, but one would think you would have some meager abilities with math. In your example above the difference between $1.48 in earnings and $1.30 is not anywhere close to 25%. Try instead 12%. .
    that would assume that share value was a constant.....
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by martin View Post
    A little reality usually helps.
    Here is a bit of that reality:

    Shell made $9.1bn in profit from January to March, almost three times what it made in the same period last year, while Exxon raked in $8.8bn, also a near threefold increase on 2021.

    Chevron upped its profits to $6.5bn and BP reveled in its highest first-quarter profits in a decade, making $6.2bn. Coterra Energy, a Texas-based firm, had the largest relative windfall of the 28 companies, with a 449% increase in profits on last year, to $818m.

    The rocketing profits, at a time when inflation has surged in many countries, has prompted several of the companies to return billions of dollars to shareholders via share buybacks and dividends.

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    Quote Originally Posted by dukkha View Post
    How long will gas prices be so high?

    Waldenback said there is no ceiling, but it's certainly possible for the national average to go above $5 at some point this year.

    "If we're saying the situation is like it is now, then I still think we're going to see fairly high prices for possibly the entire year and possibly longer," he said.

    prices later this week could be closer to $5 per gallon than $4, as demand continues to edge higher and inventories of both gasoline and diesel continue to decline, temperatures warm and motorists get back outside and we near the Memorial Day weekend, the start of the summer driving season," De Haan said. "There isn’t much reason to be optimistic that we’ll see a plunge any time soon."
    https://www.usatoday.com/story/money...rd/9798086002/
    Gas prices will be above $5 almost certainly by the end of June, and they wont be going back to what we had...cheap energy, like cheap food, is over.

    Current AAA figure is $4.57, already closer to 5 than to 4.
    "Performance never stopped mattering, real life is NOT WOKE FANTASYLAND!"<<<<<<<<<<<Hawkeye the Wise

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    Quote Originally Posted by PostmodernProphet View Post
    that would assume that share value was a constant.....
    Was it?

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    Quote Originally Posted by floridafan View Post
    I doubt you have the ability to look that up, ask your handlers for help
    uh, don't you think its relevant to the thread?.....if you make 2% profit on $100M in sales but only 1.5% profit on a record $200M in sales you are still going to have record profits even though the rate of profit is down.......
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by floridafan View Post
    Was it?
    not after today......
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by Hawkeye10 View Post
    Gas prices will be above $5 almost certainly by the end of June, and they wont be going back to what we had...cheap energy, like cheap food, is over.

    Current AAA figure is $4.57, already closer to 5 than to 4.
    cripes!

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