Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7677548
09/23/22 02:25 PM
09/23/22 02:25 PM
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Joined: Dec 2010
Posts: 11,184 Armpit, ak
Dirt
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Armpit, ak
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" "Inflation can be mit igated by reducing demand and/or by increasing supply," tweeted Ackman of Pershing Square Capital. "Doesn't it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?
An influx of workers could add some slack to a historically tight labor market, in which there are still roughly two open positions for every one person looking for a job. Unemployment, at 3.7%, is near its lowest level in half a century."
I'm not sure the next recession will have high unemployment? There is a labor shortage. Reduced demand for labor, may cure this?
Who is John Galt?
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Re: Stocks Bitcoin experts = crickets
[Re: yotetrapper30]
#7677677
09/23/22 05:50 PM
09/23/22 05:50 PM
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Joined: May 2010
Posts: 10,472 mn north of blakely
Steven 49er
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All I want from y'all is what month is the market going to hit rock bottom? LOL If I could tell you that we'd both be rich.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Stocks Bitcoin experts = crickets
[Re: Steven 49er]
#7677694
09/23/22 06:30 PM
09/23/22 06:30 PM
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Joined: Mar 2007
Posts: 35,169 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,169
McGrath, AK
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All I want from y'all is what month is the market going to hit rock bottom? LOL If I could tell you that we'd both be rich. I'm with Steven on this. However, if you watch VIX... the CBOE volatility index................you can see that today we got a bit over 32. Usually we are in the 20-25 range. The VIX moves inversely to the S&P 500 index.......when the market goes up..VIX goes down & V/V A reading over 30 usually gets peoples' attention. But if you look back to the lows of March 2020 you will see the VIX topped out a bit over 82. If you see a reading like that again it is my opinion that we have pretty much reached the point of capitulation. There may be some grinding around at that level for a while but most of the sellers are probably exhausted. VIX topped out a bit over 80 in 2008. Today was sort of a perfect storm. First of all it was Friday.....always a sketchy day, It was also a weekly options expiration which will induce a lot of hedging by dealers, and I still think the big players are digesting Powell's comments and figuring out the likelihood of a recession and how severe it will be. They are probably still de-risking their positions ( selling) Just my 2 cents
Mean As Nails
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Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7677707
09/23/22 06:44 PM
09/23/22 06:44 PM
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Joined: Mar 2007
Posts: 35,169 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,169
McGrath, AK
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If you have a "watchlist" or a live screen through your broker you can enter the symbol.......VIX. My platform will give me choices asking .......is this a stock, option, bond, index ? It is an index so choose that. If you don't have those options you can use something like Yahoo Finance. Type VIX in the search bar at the top. Bloomberg probably has it too. Those might be delayed by about 20 minutes but maybe not. You can try Seeking Alpha website. Maybe this will work https://seekingalpha.com/symbol/VIX If you want to learn more about VIX you can read here https://www.cboe.com/tradable_products/vix/
Last edited by white17; 09/23/22 06:46 PM.
Mean As Nails
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Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7677862
09/23/22 10:21 PM
09/23/22 10:21 PM
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Joined: May 2010
Posts: 10,472 mn north of blakely
Steven 49er
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mn north of blakely
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We are going to see if Powell is going to have his Voelcker moment. There is a tremendous amount of pressure against him to ease. If they do Katy bar the door.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7678389
09/24/22 11:02 PM
09/24/22 11:02 PM
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Joined: Aug 2011
Posts: 45,492 james bay frontierOnt.
Boco
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Joined: Aug 2011
Posts: 45,492
james bay frontierOnt.
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Big Ponzie scheme. Time is up,cards are collapsing,suckers are ready to lose it all. People soon wont be able to get any substantial amount of money out of the bank,probably cant right now.
Last edited by Boco; 09/24/22 11:04 PM.
Forget that fear of gravity-get a little savagery in your life.
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Re: Stocks Bitcoin experts = crickets
[Re: Okie Farmer]
#7678419
09/25/22 12:30 AM
09/25/22 12:30 AM
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Joined: May 2011
Posts: 16,580 Oakland, MS
yotetrapper30
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Posts: 16,580
Oakland, MS
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I know where there are job openings going unfilled because of uncompetitive pay in the local job market and or management issues. If you want good employees you have to take care of them.
Or you need people who need work.
~~Proud Ultra MAGA~~
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Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7678577
09/25/22 10:17 AM
09/25/22 10:17 AM
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Joined: May 2016
Posts: 3,517 Southern Illinois
Foxpaw
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Posts: 3,517
Southern Illinois
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Wonder if the gov can't raise taxes on the corporate world then give it back in a Investment Credit type thing to get the ability for the U.S. to produce again. Of course then you have the cash register operator and shelf stocker who thinks they deserve the same pay as the owner of the business, at which time they are replaced by auto means. Or maybe keep the import taxes off of China, Mexico and Canada and keep the inflationary tax pressures on the consumers at bay. People are at at stage if the Braves can't make the same take home as the Chiefs then even if they need work they won't. They will riot in the streets when the gov handouts dry up. Its part of the Utopian dream when everyone makes the same pay, the only exception being those at the very non replaceable top. Utopian just seems less hostile than Socialist or even Commie. Here is some memories of the past. Luckily the town (very pleasant one I might add) still exists as a lesson of the past and what having the freedom of individual advancement does rather than same pay, same clothes. same houses for everybody. https://www.onlyinyourstate.com/indiana/new-harmony-town-utopia-in/
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Re: Stocks Bitcoin experts = crickets
[Re: yotetrapper30]
#7678600
09/25/22 11:10 AM
09/25/22 11:10 AM
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Joined: May 2008
Posts: 926 NW Oklahoma
Okie Farmer
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Posts: 926
NW Oklahoma
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I know where there are job openings going unfilled because of uncompetitive pay in the local job market and or management issues. If you want good employees you have to take care of them.
Or you need people who need work. They had some that left because they wouldn't give them more hours.
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Re: Stocks Bitcoin experts = crickets
[Re: jbyrd63]
#7678618
09/25/22 11:37 AM
09/25/22 11:37 AM
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Joined: Dec 2010
Posts: 11,184 Armpit, ak
Dirt
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Armpit, ak
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" Business cycles mark the periodic growth and decline of a nation's economy. "
Recessions are normal. You can print money and buy them off for awhile. You can also create them. In the old days..........
Who is John Galt?
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