-
The Dow Jones Industrial Average just saw a “death cross” that’s regarded as a bearish signal.
-
The formation involves a short-term moving average falling below a longer-term one.
-
The last time a death cross struck was in March 2022. The Dow then fell 12% over a six-month period.
My health insurance just jumped 10% - THANKS GENOCIDE JOE! Bidenomics is really winning here! Real FDR Maost progressive Dem!
Then you have Turbo David Copium-man desperately trying to gaslight everyone
Damn saw one in my shitter too this morning when i took a dump, troubled times ahead surely…
Buy the dip boys!
Selling everything when my mutual fund hits 64 currently 63.5, put it in a money market for a while and buying back in when it’s below 59.
Back when I took some financial analysis classes in the early 00s, the topic of inflation came up. It’s pretty obvious but most people don’t realize inflation affects the stock market too. If the stock market is up 5%, and inflation is 7%, then the stock market actually went down 2%. I remember asking the professor why we don’t hear about “inflation-adjusted stock market returns”. He basically said don’t worry about it, it’s so low and consistent that it doesn’t really matter. At the time that made sense - inflation hadn’t been an issue in over 20 years. So nowadays, you have people who see “the stock market grew 10% last year!” and don’t realize that with high inflation, that’s not really very good. Because for most of their lives, it wasn’t something they really needed to figure out when looking at stock market returns.
It’s kinda the same with housing prices. I have seen analyses that show, as much as it feels housing prices have been going way up, when you factor in inflation home prices aren’t actually that far out of alignment. It’s just that inflation has been that bad and wages haven’t kept up. I’d be curious to see an analysis of stock market returns adjusted for inflation since COVID. I suspect it ain’t all that great.
An economy where nobody can afford anything that’s built on pure speculation is about to fail again? I just can’t believe it.
