U.S. stocks in free fall

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gubernaculum
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Re: U.S. stocks in free fall

Post by gubernaculum »

Time to load up on TQQQ
Triple digit golfer
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

gubernaculum wrote: Tue May 11, 2021 3:15 pm Time to load up on TQQQ
Did you load up on March 31? It's about that level right now.
gubernaculum
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Re: U.S. stocks in free fall

Post by gubernaculum »

Triple digit golfer wrote: Tue May 11, 2021 3:16 pm
gubernaculum wrote: Tue May 11, 2021 3:15 pm Time to load up on TQQQ
Did you load up on March 31? It's about that level right now.
I didnt. But I am looking to get in on it. The tech is going to continue to prosper. There is little doubt about it.
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

Marseille07 wrote: Tue May 11, 2021 3:03 pm I wouldn't celebrate NASDAQ just yet, it lost 2.5% yesterday and doing less bad today that's all. A sell-off can continue here.
We could get an inflation scare that leads to a selloff, particularly in the Nasdaq, but it could be exactly that, a scare and nothing more than transient inflation that soon blows away and people will curse themselves for not buying the dip. I actually discussed this theory last month. link
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
drk
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Re: U.S. stocks in free fall

Post by drk »

atdharris wrote: Tue May 11, 2021 2:38 pm Yes, the FAANGs sans Microsoft have not really moved since July 2020
Ha! Yeah, I suppose they're also still in a trading range. I was actually referring to the post-earnings period where employees are free to trade their employer's stock.
Broken Man 1999
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Re: U.S. stocks in free fall

Post by Broken Man 1999 »

Well, I probably won't need to rebalance out of equity funds as soon as I had thought.

Gotta look on the bright side, right? :D

Broken Nan 1999
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Re: U.S. stocks in free fall

Post by Robot Monster »

"Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link

Whats a CPI day?
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

newyorker wrote: Tue May 11, 2021 5:46 pm
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link

Whats a CPI day?
Just meant the CPI report is released tomorrow. Though it would be cool if they made a whole day out of it, with music and dancing and a big piñata.
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
Marseille07
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Re: U.S. stocks in free fall

Post by Marseille07 »

Robot Monster wrote: Tue May 11, 2021 5:49 pm
newyorker wrote: Tue May 11, 2021 5:46 pm
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link

Whats a CPI day?
Just meant the CPI report is released tomorrow. Though it would be cool if they made a whole day out of it, with music and dancing and a big piñata.
I don't feel good about the report. We're entering a bear market soon.
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

Marseille07 wrote: Tue May 11, 2021 5:57 pm
Robot Monster wrote: Tue May 11, 2021 5:49 pm
newyorker wrote: Tue May 11, 2021 5:46 pm
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link

Whats a CPI day?
Just meant the CPI report is released tomorrow. Though it would be cool if they made a whole day out of it, with music and dancing and a big piñata.
I don't feel good about the report. We're entering a bear market soon.
Well, I can't predict the future, but just sold off some money market into my settlement fund, so my truck is fully gassed if things go sour.
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
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Forester
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Re: U.S. stocks in free fall

Post by Forester »

gubernaculum wrote: Tue May 11, 2021 3:18 pm
Triple digit golfer wrote: Tue May 11, 2021 3:16 pm
gubernaculum wrote: Tue May 11, 2021 3:15 pm Time to load up on TQQQ
Did you load up on March 31? It's about that level right now.
I didnt. But I am looking to get in on it. The tech is going to continue to prosper. There is little doubt about it.
Microsoft was a worldclass innovative business in the 2000s; but its share price went nowhere for fourteen and a half years after December 1999.
Marseille07
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Re: U.S. stocks in free fall

Post by Marseille07 »

SPX futures -0.4% already...bloodbath continues.
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

Marseille07 wrote: Tue May 11, 2021 7:55 pm SPX futures -0.4% already...bloodbath continues.


Ah crap.... i bought 10 VOOs today... well time to buy more tmr
APX32
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Re: U.S. stocks in free fall

Post by APX32 »

Wow, futures down -0.4%, that’s a bloodbath of historic magnitude! Never seen anything like this in my 20 years of investing, we are in some deep trouble.

Brace for some serious impact. I’m going all cash tomorrow, sit-out the upcoming crash, and then successfully time the market my re-entering just before the next bull run.

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rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

We're doomed. Better give up on stocks and start buying baseball cards. :)
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

C'mon guys, haven't we talked US-only vs International to death. Let's get back to the topic at hand, US stocks in free fall. And we could get some stomach churning freefall if CPI gets wacky tomorrow morning! On the other hand, CPI might hand us a big nothing burger with all the juicy toppings.
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
index245
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Re: U.S. stocks in free fall

Post by index245 »

Robot Monster wrote: Tue May 11, 2021 8:22 pm C'mon guys, haven't we talked US-only vs International to death. Let's get back to the topic at hand, US stocks in free fall. And we could get some stomach churning freefall if CPI gets wacky tomorrow morning! On the other hand, CPI might hand us a big nothing burger with all the juicy toppings.
No problem, got off topic there. There hasn't been a RBD in awhile, that could be interesting.
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

Robot Monster wrote: Tue May 11, 2021 8:22 pm C'mon guys, haven't we talked US-only vs International to death. Let's get back to the topic at hand, US stocks in free fall. And we could get some stomach churning freefall if CPI gets wacky tomorrow morning! On the other hand, CPI might hand us a big nothing burger with all the juicy toppings.
The comps for CPI for the next couple of months are going to be awful. It's going to look like it's going to the moon.
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watchnerd
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Re: U.S. stocks in free fall

Post by watchnerd »

My stocks are down...

But my Ethereum is up 6% in last 24 hours.

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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

abuss368 wrote: Tue May 11, 2021 8:44 pm Are you still investing in Vanguard Energy? I thought you mentioned this years ago.

Tony
That's me! 🙋

And yes. Since March 2020 baby. I've got 💎🙌 through 2030.
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Re: U.S. stocks in free fall

Post by abuss368 »

Beensabu wrote: Tue May 11, 2021 9:07 pm
abuss368 wrote: Tue May 11, 2021 8:44 pm Are you still investing in Vanguard Energy? I thought you mentioned this years ago.

Tony
That's me! 🙋

And yes. Since March 2020 baby. I've got 💎🙌 through 2030.
That’s it! I thought I read that. Wow! How much of the portfolio did you allocate?

Tony
John C. Bogle: “Simplicity is the master key to financial success."
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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

abuss368 wrote: Tue May 11, 2021 9:14 pm
Beensabu wrote: Tue May 11, 2021 9:07 pm
abuss368 wrote: Tue May 11, 2021 8:44 pm Are you still investing in Vanguard Energy? I thought you mentioned this years ago.

Tony
That's me! 🙋

And yes. Since March 2020 baby. I've got 💎🙌 through 2030.
That’s it! I thought I read that. Wow! How much of the portfolio did you allocate?

Tony
20%
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next."
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abuss368
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Re: U.S. stocks in free fall

Post by abuss368 »

Beensabu wrote: Tue May 11, 2021 9:15 pm
abuss368 wrote: Tue May 11, 2021 9:14 pm
Beensabu wrote: Tue May 11, 2021 9:07 pm
abuss368 wrote: Tue May 11, 2021 8:44 pm Are you still investing in Vanguard Energy? I thought you mentioned this years ago.

Tony
That's me! 🙋

And yes. Since March 2020 baby. I've got 💎🙌 through 2030.
That’s it! I thought I read that. Wow! How much of the portfolio did you allocate?

Tony
20%
Holding for long term or strategic play?

Tony
John C. Bogle: “Simplicity is the master key to financial success."
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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

abuss368 wrote: Tue May 11, 2021 9:16 pm
Beensabu wrote: Tue May 11, 2021 9:15 pm
abuss368 wrote: Tue May 11, 2021 9:14 pm
Beensabu wrote: Tue May 11, 2021 9:07 pm
abuss368 wrote: Tue May 11, 2021 8:44 pm Are you still investing in Vanguard Energy? I thought you mentioned this years ago.

Tony
That's me! 🙋

And yes. Since March 2020 baby. I've got 💎🙌 through 2030.
That’s it! I thought I read that. Wow! How much of the portfolio did you allocate?

Tony
20%
Holding for long term or strategic play?

Tony
Holding. Nothing in. Nothing out. It stays there doing its thing until 2030. Edit: Dividends reinvested.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next."
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LadyGeek
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Re: U.S. stocks in free fall

Post by LadyGeek »

A long interchange on the US vs. International debate has been removed. The thread was derailed.

Please stay on-topic - the US market, decreasing.
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TexasBorn
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Re: U.S. stocks in free fall

Post by TexasBorn »

rockstar wrote: Tue May 11, 2021 8:36 pm
Robot Monster wrote: Tue May 11, 2021 8:22 pm C'mon guys, haven't we talked US-only vs International to death. Let's get back to the topic at hand, US stocks in free fall. And we could get some stomach churning freefall if CPI gets wacky tomorrow morning! On the other hand, CPI might hand us a big nothing burger with all the juicy toppings.
The comps for CPI for the next couple of months are going to be awful. It's going to look like it's going to the moon.
I wish we could see actual graphic comparisons of inflation YoY. I’m calling the bluff on the increase being due to the “base effect”.

I’ve read the news and boards way too much over the past couple years and I never saw prices fall much if at all…

Now everyone and everything is charging more for any product or service I’m interested in.

The market needs a serious correction to give me back confidence that we’re on the right track out of this mess. I’d have more confidence then oddly enough.
Visitor76
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Re: U.S. stocks in free fall

Post by Visitor76 »

Robot Monster wrote: Tue May 11, 2021 8:22 pm C'mon guys, haven't we talked US-only vs International to death. Let's get back to the topic at hand, US stocks in free fall. And we could get some stomach churning freefall if CPI gets wacky tomorrow morning! On the other hand, CPI might hand us a big nothing burger with all the juicy toppings.
Plus International usually follows the US off the cliff the day after anyway.
Wealth is not about having a lot of money; it's about having a lot of options.
euphonious
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Re: U.S. stocks in free fall

Post by euphonious »

Consumer price index – April 2021
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment. This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008.
bugleheadd
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Re: U.S. stocks in free fall

Post by bugleheadd »

Why does increase inflation cause stock market to fall?

Is this just a temporary transient inflation? This too shall pass? Time to buy the dip?
MishkaWorries
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Re: U.S. stocks in free fall

Post by MishkaWorries »

Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
We plan. G-d laughs.
gonefishing01
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Re: U.S. stocks in free fall

Post by gonefishing01 »

MishkaWorries wrote: Wed May 12, 2021 8:21 am
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
Hopefully it will go down more before it goes up :twisted:
MishkaWorries
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Re: U.S. stocks in free fall

Post by MishkaWorries »

gonefishing01 wrote: Wed May 12, 2021 8:22 am
MishkaWorries wrote: Wed May 12, 2021 8:21 am
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
Hopefully it will go down more before it goes up :twisted:
Just not before Friday. I'd like to get one 401K contribution in on this dip.
We plan. G-d laughs.
nigel_ht
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Re: U.S. stocks in free fall

Post by nigel_ht »

Marseille07 wrote: Tue May 11, 2021 5:57 pm
Robot Monster wrote: Tue May 11, 2021 5:49 pm
newyorker wrote: Tue May 11, 2021 5:46 pm
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link

Whats a CPI day?
Just meant the CPI report is released tomorrow. Though it would be cool if they made a whole day out of it, with music and dancing and a big piñata.
I don't feel good about the report. We're entering a bear market soon.
Lol, when I read this I scrolled up a little to check if it was forester posting.
nigel_ht
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Re: U.S. stocks in free fall

Post by nigel_ht »

MishkaWorries wrote: Wed May 12, 2021 8:21 am
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
Meh, it’s not unexpected given the supply chain issues and the pipeline thing, etc.
csan
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Re: U.S. stocks in free fall

Post by csan »

Diamond hands everyone
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Tubes
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Re: U.S. stocks in free fall

Post by Tubes »

nigel_ht wrote: Wed May 12, 2021 8:26 am
MishkaWorries wrote: Wed May 12, 2021 8:21 am
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
Meh, it’s not unexpected given the supply chain issues and the pipeline thing, etc.
Pipeline thing isn't captured in this report.

I get the brush off on the supply chain, however, if the supply chain issues continue, it can feedback onto the broader economy, which can then have wider spread effects like wage inflation. This happened in the 70s with the oil shock. And even when oil cratered around 1985, it took a long while for the inflation to settle down. So I'm careful of blowing off supply chain issues when they start having long tails as the semiconductor issue appears to have.
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

Here we go. Hold on.
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Re: U.S. stocks in free fall

Post by JonnyDVM »

lostdog wrote: Wed May 12, 2021 8:39 am Here we go. Hold on.
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Forester
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Re: U.S. stocks in free fall

Post by Forester »

Either the stock market or the bond market is mistaken - they cannot both be correct.
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Re: U.S. stocks in free fall

Post by atdharris »

Took this opportunity to TLH some tech shares I bought earlier this year and dumped it into VTI. Sometimes speculation works and sometimes it doesn't.
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Re: U.S. stocks in free fall

Post by watchnerd »

Forester wrote: Wed May 12, 2021 8:51 am Either the stock market or the bond market is mistaken - they cannot both be correct.
And yet, they are both correct.
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Re: U.S. stocks in free fall

Post by Robot Monster »

MishkaWorries wrote: Wed May 12, 2021 8:21 am
Robot Monster wrote: Tue May 11, 2021 5:36 pm "Asian stocks are set for a weak open after a selloff in U.S. equities amid ongoing concerns that faster inflation as commodities advance could pose a test for the recovery from the pandemic."

Remember folks, it's CPI day tomorrow!

3.6 % consensus, 2.9 % to 3.8 % consensus range. link
It looks like 4.2. so another big miss by the experts. I keep hearing the stock market is the best inflation hedge. So doesn't that mean the market will go up on today's news?
My vague understanding of things is that investors are nervous because stock prices are dependent on the Fed's easy-money policies. If the Fed is forced to tamper down on inflation, they'd have to stop the easy money.
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
Triple digit golfer
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

Not long ago we were excited to cross S&P 500 at 4,000. We may do it again soon!
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

bugleheadd wrote: Wed May 12, 2021 8:18 am Why does increase inflation cause stock market to fall?

Is this just a temporary transient inflation? This too shall pass? Time to buy the dip?
Expectation of higher rates. Rates go up. Value of cashflows go down.

We should see elevated inflation numbers through the summer as inflation was down last summer. If higher inflation persists into 2022, then we have a real problem.
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Re: U.S. stocks in free fall

Post by Robot Monster »

Backed the truck up a little on:
Vanguard Emerging Markets (rebalanced to desired level)
Disney (funny money fun)
"I think we may see a return to full employment next year." -- Janet Yellen, March 23rd 2021
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Forester
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Re: U.S. stocks in free fall

Post by Forester »

My forecast is becoming clearer, US CPI peaks at 7% to 8% in June/July, bonds have final sell off - representing a great buying opportunity - before equity market bust in Q3/Q4.
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Re: U.S. stocks in free fall

Post by Triple digit golfer »

Forester wrote: Wed May 12, 2021 10:35 am My forecast is becoming clearer
Oh, thank God. I've been awaiting your forecast, refreshing this page all day long.
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Re: U.S. stocks in free fall

Post by RiotAct »

rockstar wrote: Tue May 11, 2021 8:18 pm We're doomed. Better give up on stocks and start buying baseball cards. :)
or, baseball card NFTs.
bugleheadd
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Re: U.S. stocks in free fall

Post by bugleheadd »

RiotAct wrote: Wed May 12, 2021 10:45 am
rockstar wrote: Tue May 11, 2021 8:18 pm We're doomed. Better give up on stocks and start buying baseball cards. :)
or, baseball card NFTs.
i have some jpegs i downloaded from the internet that I will sell as NFTs.
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