Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

Which one?

 

Yeah, we're aware.

And that's what "usually" happens, but not what "always" happens. I suspect that the effects of the pandemmy on boomers retiring has delayed the ordinary cavalcade of job losses that occurs when rates are raised. And so, the normal routine of job losses had been delayed [so far] in this cycle.

The other piece of the puzzle is/was the insanely-long period of time up to Biden where rates were insanely low, for longer than at any other part of recorded economic history. I don't think that we yet know what will occur when the yield curve uninverts.


Agreed what "usually" occurs, but this time? I dunno. To my recollection, this is the longest yield curve inversion in recent history.

 

Today's financial panic looks like the stock crash in 1987—when the economy avoided a recession, market veteran says

 

Another issue that everyone knows about the inverted yield curve now, so it stops being a good indicator.

 

So can I look at my 401K now?

 

https://www.ted.com/talks/scott_galloway_how_the_us_is_destroying_young_people_s_future?subtitle=en

Scott Galloway has some brilliant thoughts and a few distasteful opinions IMO but he is spot fücking on when it comes to the idea of intergenerational theft. For example, in the past cyclical economies would allow young people to buy when the market was shitty and sell when the market was good. But now the government bails out the wealthy when the market crashes and so the young can never get into the game. There are now several generations that can't get onto the escalator because it's too crowded by old people refusing to get off.

 

Yeah, those old people should just die sooner like they did in the past!

 

While old people do have a disproportionate share of the wealth, it's because a few are really, really rich. Poverty among the elderly is going up rather steeply.

 

Did you watch before posting?

Would you rather read?

 

Nope. I read the posted summary. Also, I was being sarcastic. spejic addressed the key point.

 

If you are the type to fret over market corrections you shouldn't be investing in the stock market.

 

And you shouldn't be a business pundit either, but that's not how journalism works any more.

 

That seems uncharacteristic of me.

 

Some people just never learn!

 

They think Trump is going to make a come back.

 

“Heads I win. Tails you lose.”

 

Love the fat side. My favorite is the cow making burgers on the grill.

 

You're sick Jessy......sick, sick, sick.