S & P is currently up 19.75% at 6,378.66
Like so many of your posts, this one will not age well.
I predict that the S&P 500 will be well under 5,000 by September 30th
- Thread starter Walt
- Start date
Like so many of your posts, this one will not age well.
I like seeing Walt step out and take a risk. Economists have been saying for years the S&P 500 is loaded with zombies. Not many thought the fed would keep throwing money at it for this long.S & P is currently up 19.75% at 6,378.66
Like so many of your posts, this one will not age well.
What risk is he taking? The risk of looking stupid and uninformed? In that case, yes.
Not sure what you are trying to say here.
Dutch Uncle
* Tertia Optio * Defend the Constitution
You liberal, Marxist, Socialists always hate Trump and like it up the ass. Fuck you. Daddy rules! Go MAGA!!!!
Three years ago Walt claimed the fed was no longer sending QE to zombie corporations. The US would not have recovered from the covid collapse so quickly if that were true.
A 1000-point bet against QE is risky but that's what a lot of smart money does when we start to get close to a collapse.
Correct.
I still have until September 30th, but it is looking bad. It certainly looks to me like the stock market will crash, but it has a good chance of doing it after September 30th. That screws me.Like so many of your posts, this one will not age well.
Well nothing ventured, nothing gained. Even if I lose everything on this investment, which is quite a bit, I will be up for the year. The secret is to put some money away. Most importantly, it is not over yet.
It really is the term "taco" that is killing me. Without a word for it, retail investors would have trouble comprehending it.
It was about three years ago that QE4 ended. QE is to fight deflation, which does not make sense when there is inflation. No only was QE4 ended, but rates went up to over 5%.
QE was never targeted at "zombie corporations." Its purpose was to get more money into the money supply, and increase inflation. In fact, the rise in interest rates killed Silicon Valley Bank, almost 3 years ago.
Another dumb prediction. Shouldn't you be selling all your positions now if that's the case?
QE is one of the dumbest, most damaging ideas ever created by the Fed.
It’s now clear that quantitative easing was a colossal policy mistake
It’s now clear that quantitative easing was a colossal policy mistake
There's no convincing evidence that central banks' purchases of trillions of dollars of bonds and other financial assets helped any economy.
www.japantimes.co.jp
I bought at an average of $10.70. It is now at $0.89. I would be locking in a huge loss if I sold now. Why on earth would I want to do that?
Well, if I knew for a fact it would go to zero I would do that, but I still think there is a fair chance it will go up from here. Let's say there is a 10% chance it will go to $100, I would have to be a moron to accept $0.89. There is a fair chance it will go to zero, but that is a risk I have to take at this point.
Persistent inflation is amazingly difficult to fight. Once you go to zero interest rates, there is nowhere to go from there. QE is one of the most successful ways to fight deflation.
IBDaMann
Well-known member
Yes, I need to chastise you for allowing leftist nay-saying and hyped Marxist fear-mongering sour your understanding of MAGA resolve. You were there for the election in November. You are fully aware that Trump knows what he is doing. You know that We the People will not settle for anything less than greatness and will barrel over anything and everything that stands in our way.
Yet the moment Walt starts to peddle his panic, you fold like an accordion and offer sheepish projections of mediocrity. How could you?
Well, I've spoken with We the People and we're going to give you another chance. We know that you are a standup patriot and that anything that doesn't kill you makes you stronger. Now get out there and join the MAGA movement with renewed motivation ... and be sure to rub it in Walt's face. Do it for the glory of God who blessed you with US citizenship as part of His plan. This is your moment. Rise to the occasion.
You need to stop undercutting the American greatness that is to come. Your lowball figures show that you need some remedial MAGA immersion training.
Bump up those numbers.
I gave a bottom-basement prediction. I could have gone higher. I might need to modify my assessment upward.
At least you are admitting to your defeat at the hands of Walt ... but that was only the first round. Get back in the ring and take another swing (AC/DC). Do not let him trample on your resolve and make you tap out. Get in a few upper-cuts and go in for the take-down. You can do this.
If we just give Trump a chance, we'll achieve multi-dimensional greatness. You'll notice that all leftists are focused on not allowing Trump to even have a chance. Leftists HATE America. Leftists HATE We the People.
Into the Night
Verified User
Of course, New York has no authority over any valuation of property in Florida for ANY purpose.
Also, the bank make a good bet on the loan, since the loan was satisfied.
Into the Night
Verified User
Quantitative Easing IS inflation, Wally.. It is the devaluation of the dollar.
Into the Night
Verified User
Into the Night
Verified User
Random words. No apparent coherency. Go learn English.
Into the Night
Verified User
Illiteracy: Use of two singulars for the same object. Sentences begin with capital letters.
What crime, NoName?
Into the Night
Verified User
No, Wally. It was created by Congress, and Congress controls it.
Food cannot take over a government agency.
Illiteracy: The first word of a sentence is always capitalized. Missing conjunction.
Into the Night
Verified User
It is Trump. The petroleum is domestically produced. It does not come from Saudi Arabia.
Trump authorized leases to drill for oil. You even complained about it. Now you have no idea what Trump did?????