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05:09 PM
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Breaking! DJIA (stock market) to fall below 30K today?
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[quote:Anonymous Coward 81572744:MV81MjM4NDk3Xzk2NDgwOTI2X0Q3ODg2M0Qw] [quote:Anonymous Coward 83771332:MV81MjM4NDk3Xzk2NDgwNzI2X0REMTY0RURB] Our recent low was 19k during the pandemic, you are all catastrophizing. [/quote] And the backdoor bailouts came swift and early. That was then. Now, with inflation soaring, the Fed's hands are tied. Back then the yield curve inverted for like a day. It inverted I think three times for a day or two each time. Right now, the 10:2 yield curve has been inverted for, what, two months? We're looking at a downturn comparable to 2008 or the dot com crash. Look at this: https://fred.stlouisfed.org/series/T10Y2Y/#0 Now, are we catastrophizing? Or are we being real? [/quote]
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link to bigcharts.marketwatch.com (secure)
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