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11:26 PM
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Breaking! DJIA (stock market) to fall below 30K today?
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[quote:MAGA Republican BrainGuy:MV81MjM4NDk3Xzk2NDgwODU2Xzk5MEI5RjIw] [quote:Bud Fox:MV81MjM4NDk3Xzk2NDgwNTEzXzg1RDUzREY4] [quote:Lady Jane Smith:MV81MjM4NDk3Xzk2NDgwMzQzX0ZDMkZCNTBG] DOW desperately trying to hold the psychological level of 30K. Let's see how she closes. Any close below 30K will likely trigger many SL orders, and will start sending margin calls to those without protective orders in place. [/quote] I will be shocked if they let it slip below 30K yet, to keep the propaganda going that everything is ok for a while longer. When it goes I think it will go hard, for some of the reasons you mentioned above. More troubling is the 10 year is spiking again, up 18 basis points today. We have to watch that closely as the bond market is many magnitudes larger than equities, and if they lose control of that it all comes down. https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield [/quote] NPR preparing stories now exclaiming that retirees can look forward to going on Funemployment vacations in their backyards because of the Inflation Fightment Act (or whatever they called it)! Whoa to you, oh Earth and Sea. :starving: [/quote]
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