Brace for the S&P 500 to plunge 50% and a painful recession to strike

T. A. Gardner said:
I would. Biden's been wrong his whole career... Such as it was / is...

Biden has been wrong, or worse, for his entire, sorry career
https://www.washingtonexaminer.com/opinion/biden-has-been-wrong-or-worse-for-his-entire-sorry-career

The burden of a 40-year career: Some of Joe Biden’s record doesn’t age well
https://www.latimes.com/politics/la-na-pol-biden-senate-record-controversies-20190318-story.html

Joe Biden's Growing List of Failures
https://www.newsweek.com/joe-bidens-growing-list-failures-opinion-1654002

The 10 Worst Things Joe Biden Has Done in His Political Career
https://www.pastemagazine.com/politics/joe-biden/the-10-worst-things-joe-biden-has-done-in-his-poli/

Biden has been a total fuck up since high school, and he hasn't gotten a nickel's worth better since then. He is a complete screw up. It's really amazing that such a total 'tard, liar, and fuck up could become President, but then again, YOU voted for him...
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I'm talking about Jeremy Grantham, Biden has been a fuck up all his life.
 
BartenderElite said:
Yeah - I'm sure they're buying that partisan narrative while they have paychecks coming in again.
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Unlike you, the typical worker doesn't have the memory of a goldfish...

goldfish-have-short-memories.jpg
 
Hawkeye10 said:
Americans standard of living is about to get crushed, it is already being hammered, and the Moderns Morons are some of the most unprepared for life people who have ever been.

This will get ugly.
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No, it won't. Some people are about to take it in the shorts but those people haven't contributed anything to begin with so everyone else will be fine.
 
serendipity said:
Well Grantham is rarely wrong so...

Jeremy Grantham warns the 'everything bubble' is bursting, the S&P 500 could nosedive 50%, and a recession looks certain. Here are the elite investor's 12 best quotes from a new interview.


https://markets.businessinsider.com...eal-estate-everything-bubble-recession-2023-3
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A 50% plunge would put the market where it belongs.

The Fed had been propping up the market for years. When interest rates started to rise, it was coupled with the end of the Fed buying billions in corporate bonds.

Said bonds were not fueling increased hiring, or bolstering of supply chains.

They were fueling share buybacks and dividend hikes.

A 50% dip would be fine. Right now anyone can earn 5% in most money market accounts, CDs, or even short term treasuries.

I would bank the interest and then jump back into a S&P ETF when it bottoms out.
 
goat said:
Dodd-Frank was written to cover up another 50% plunge in the S&P like we saw in 2009. The top 400 companies will get endless QE even if they are zombies. Maybe only 100 of the top 500 will be left to fend for themselves.

We won't have to wait long to see if Grantham is right.
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Not so sure about the QE this time.
The normalizing of the market is due to the end of the most recent QE.
 
T. A. Gardner said:
Biden has been a total fuck up since high school, and he hasn't gotten a nickel's worth better since then. He is a complete screw up. It's really amazing that such a total 'tard, liar, and fuck up could become President, but then again, YOU voted for him...
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And still, Biden will beat trump by 10 million votes.
 
Treasury Bond Yields

GT2:GOV 2 Year 4.63
GT5:GOV 5 Year 4.00
GT10:GOV 10 Year 3.50
GT30:GOV 30 Year 3.63

Note the bond yield inversion...a sign of a looming recession.
 
Althea said:
Not so sure about the QE this time.
The normalizing of the market is due to the end of the most recent QE.
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The Dodd-Frank Wall Street Reform and Consumer Protection Act

Whatever congress names a law, we know it does the exact opposite of its name. The Patriot Acts wipe away our constitutional rights and gives more power to government agencies.

I tried reading Dodd-Frank about 10 years ago but all it does is contradict itself. Banks no longer have to go before congress to ask for a bailout. Now they're given an endless supply of money to keep zombie companies afloat that they and their cronies are invested in.

How many zombie companies are in the S&P 500?
David Trainer, the CEO of the investment research firm New Constructs, believes there are now roughly 300 publicly-traded zombie companies.
 
goat said:
The Dodd-Frank Wall Street Reform and Consumer Protection Act

Whatever congress names a law, we know it does the exact opposite of its name. The Patriot Acts wipe away our constitutional rights and gives more power to government agencies.

I tried reading Dodd-Frank about 10 years ago but all it does is contradict itself. Banks no longer have to go before congress to ask for a bailout. Now they're given an endless supply of money to keep zombie companies afloat that they and their cronies are invested in.

How many zombie companies are in the S&P 500?
David Trainer, the CEO of the investment research firm New Constructs, believes there are now roughly 300 publicly-traded zombie companies.
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I'm going to have to see the language in D/F that backs this claim.

The bank bailout earned billions for the Treasury Dept. The restrictions were so severe, banks rushed to pay back the bailout money with interest in order to jump right back into the game.


[FONT=var(--font-primary)]In total, 11 companies received at least $10 billion in bailouts from the government during the financial crisis. However, the government wasn't simply lending money to these companies. It was investing in them by taking ownership stakes. In most cases, the government was essentially buying shares of stock much like ordinary investors do in their trading accounts.
[/FONT]
[FONT=var(--font-primary)]For the most part, the government was later able to sell those shares of stock for a large profit in the years that followed. In fact, the government took a loss on only two of its 25 largest bailouts.
[/FONT]
[FONT=var(--font-primary)]Mortgage aggregators Fannie Mae and Freddie Mac were the two largest financial crisis bailouts. Together, Fannie and Freddie received nearly $190 billion in bailout funds. However, the government has now netted more than $68 billion in profit from the investment. Both companies trade on over-the-counter markets.
[/FONT]
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We are told that grocery store prices are up "only" 10% y-o-y.

I find this very hard to believe when I look at prices.
 
Althea said:
I'm going to have to see the language in D/F that backs this claim.

The bank bailout earned billions for the Treasury Dept. The restrictions were so severe, banks rushed to pay back the bailout money with interest in order to jump right back into the game.
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I read Dodd-Frank and it's clear banks no longer have to ask congress for a bailout. Instead they will freeze our funds.

The CARES Act recently gave corporations $7 trillion of free money. That doesn't include the $3 trillion spending on the Build Back Better Act and infrastructure bill. Plus another $1 trillion for the war machine and $1 trillion for SVB. None of that $12 trillion has shown up on the debt clock yet.

The roughly 300 publicly traded zombie companies on S&P need a constant flow of welfare. How much blood and money do you think WW3 will cost? Biden is only getting started on spending. Keep an eye on the markets.
 
goat said:
I read Dodd-Frank and it's clear banks no longer have to ask congress for a bailout. Instead they will freeze our funds.

The CARES Act recently gave corporations $7 trillion of free money. That doesn't include the $3 trillion spending on the Build Back Better Act and infrastructure bill. Plus another $1 trillion for the war machine and $1 trillion for SVB. None of that $12 trillion has shown up on the debt clock yet.

The roughly 300 publicly traded zombie companies on S&P need a constant flow of welfare. How much blood and money do you think WW3 will cost? Biden is only getting started on spending. Keep an eye on the markets.
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We always pour money into the Market, and corporations. Because giving it to humans is Socialism, evidently.

And then said corporations whine like little bitches when they don't get to suck the Fed. teat.

Capitalized gains and Socialized losses. It's the way of the corporate owned govt..
 
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