Dow looses over 400 points in 3 days?

[hipmatt]

Is the market finally taking notice that our current economic state is a sham and is in trouble? Treasuries are rising daily, it looks like the fed will have to raise rates rather than cut, and there’s more and more bad housing news every day.

Growth in the US is slowing, and we may have to raise rates to fight inflation, keep the dollar strong, and keep foreigners invested in our MASSIVE debt. While in Europe, growth is strong, and they are also raising rates, which is great for the euro.

Syria and Kuwait dump the dollar, and the UAE may be next, meanwhile, the Australian/New Zealand dollar reaches 15 year highs.

Oil is back up, General Mills is raising the price of cereals, oil is going back up, inflation seems to be a problem, especially when you throw in food and energy. Labor costs are climbing, while productivity is slowing.

I ‘d like to hear all of your views on this..
Can the bulls really hit 1600 on the S&P before years end? or is Peter Schiff finally right and is this the beginning of a recession?

[what_a_disasta]

Who knows. It’s a total crap shoot out there these days.

[what_a_disasta]

Who knows. It’s a total crap shoot out there these days.

[cr]

I hear talk on the news that a lot of it is based on speculation that rates will not go down and bail out housing (so they hope).

Not even that rates will go up, or did go up like they did in EU, but that they won’t go down. Sounds like a fragile market to me.

Has the bull been slain?

[cr]

I hear talk on the news that a lot of it is based on speculation that rates will not go down and bail out housing (so they hope).

Not even that rates will go up, or did go up like they did in EU, but that they won’t go down. Sounds like a fragile market to me.

Has the bull been slain?

[Anonymous]

Yes, hipmatt, all true.

But, gasoline is cheaper this week! Get back into the sheeple line!

[Anonymous]

Yes, hipmatt, all true.

But, gasoline is cheaper this week! Get back into the sheeple line!

[LookoutBelow]

The bull is being prepped for the coming BBQ. Asia is getting creamed as I type this.

Futures market will get slaughtered, gas will go down, thank the stars that Asia doesn't have a "futures" market….yet …a lot of pain in the south pacific coming…riots and all…people dont like to be wiped out

The rulers cannot rule without the consent of the ruled...Ghandi 

[LookoutBelow]

The bull is being prepped for the coming BBQ. Asia is getting creamed as I type this.

Futures market will get slaughtered, gas will go down, thank the stars that Asia doesn't have a "futures" market….yet …a lot of pain in the south pacific coming…riots and all…people dont like to be wiped out

The rulers cannot rule without the consent of the ruled...Ghandi 

[HereWeGo]

Uh huh.

The yield curve has normalized, growth will likely be in the 2-3% range in the second quarter. No recession, but no rate cut either.

That said, this correction could have another leg down. The market may appear stabilized by COB tomorrow, but I would take a wait and see approach Mon-Wed of next week.

[HereWeGo]

Uh huh.

The yield curve has normalized, growth will likely be in the 2-3% range in the second quarter. No recession, but no rate cut either.

That said, this correction could have another leg down. The market may appear stabilized by COB tomorrow, but I would take a wait and see approach Mon-Wed of next week.

[Anonymous]

Okay, HWG: you say Q2 GDP growth will be 2-3%, I say <1%. Standard wager: one beer payable at the next meet up.

The data will come out in late July.

[Anonymous]

Okay, HWG: you say Q2 GDP growth will be 2-3%, I say <1%. Standard wager: one beer payable at the next meet up.

The data will come out in late July.

[(former)FormerSanDiegan]

jg – it looks like you put one of those pesky less-than signs in your post and the rest does not appear.

I’m guessing it says “… I say less than 1% …”

Note:
The less-than and greater-than signs are control characters for doing italics, bold, etc. Don;t use them in your text. This has been a public service announcement.

[(former)FormerSanDiegan]

jg – it looks like you put one of those pesky less-than signs in your post and the rest does not appear.

I’m guessing it says “… I say less than 1% …”

Note:
The less-than and greater-than signs are control characters for doing italics, bold, etc. Don;t use them in your text. This has been a public service announcement.

[Author]

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