Tomorrow's CPI will give us a good read on inflation.....from 4-6 month ago! LOL. BS metric that shouldn't be used by the Fed (and those making forward-looking policy decisions).
The problem resulted from Treasury Direct's recent early October website upgrades. Now, in error, if an individual has already met his/her annual $10k I-Bond limit, the site prevents that individual from "gifting" I-Bonds to others, when, in fact, the rules allow for an individual to gift up to $10k to any individual including a spouse, a child, etc. This "glitch" is apparently being worked on; in the meanwhile the deadline looms to lock into the 6-month 9.62% interest rate.
Am I missing something? I thought we were in the middle of a chip shortage because demand was so high…
Semi's will boom over the next 5-10 years, but Intel is the ugly duckling of the group for good reason. Just a legacy company that was late to evolve.
Now you are talking. Although the timing for SCHY to start trading was certainly bad.
job losses are coming and the Fed is going to exacerbate the problem by relying on outdated methods of cooling an economy. On top of that, rate changes take months to truly impact
Fed = Stupid
You don’t, it’s ugly. Crazy how people have just accepted stagnant wage growth.
You seriously don't understand what the importance of his post meant.
Big +1
Yes, inflation was worse than expected.....6 months ago! LOL at people thinking CPI measures anything recent.
I don’t care if it measure a couple of months ago. I care about the direction of the stock market.
Completely agreed. I am just whining that many investors and more importantly, the Fed, are stupid for using CPI for future-focused decision making. Housing and rent literally lags 9-12 months in the CPI calculation. Think about the stupidity of that. We are reacting to data from BEFORE the Fed even started tampering.
Expect this, rates take time to hit economy on top of that, the employent situation is changing for worse.
Stupid view, dems own this now
| High | S&P LEVEL | Difference from high | % Decrease from high | % return to high |
| 4,800 | 3,600 | 1,200 | 25.0% | 33.3% |
| 4,800 | 3,500 | 1,300 | 27.1% | 37.1% |
| 4,800 | 3,400 | 1,400 | 29.2% | 41.2% |
| 4,800 | 3,300 | 1,500 | 31.3% | 45.5% |
| 4,800 | 3,200 | 1,600 | 33.3% | 50.0% |
| 4,800 | 3,100 | 1,700 | 35.4% | 54.8% |
| 4,800 | 3,000 | 1,800 | 37.5% | 60.0% |
| 4,800 | 2,900 | 1900 | 39.6% | 65.5% |
Nice table, thanks for posting. Watching closely for SSO opportunities. Gotta double those back to high returns!
Oh, yah? Well, you're view is Stoopid. LOL.
I’m trying to figure out the safest entry point. You know, by the time this recession ******** happens again,you will be close to retirement. If you know the market going down, you might move assets over to cash next time.
Yet when I look at houses for sale, I barely see a drop in sales price. It takes time for people to adjust. That’s why the Feds is not in a hurry to pivot,
As per the data (US aggregate), home prices have gone down the past 2 months. Down the first month 3.8%, can't remember last month. It's a start! Rent also went deflationary last month. All good signs.
House prices are falling in certain cities such as Austin, Phoenix, others and even parts of Florida. In places that I've looked, I don't see prices coming down but I also don't see anything moving either.
NEVER! Well, at least not for the next 8-10 years. Around that time, we may start creating those 3 retirement buckets for our investment assets. We still have a s-ton of cash anyway (which is for other purposes).
