Athletic Dir [873]
TigerPulse: 87%
Posts: 1454
Joined: 6/18/01
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Update Exhaustion
[3]
Jul 5, 2022, 10:26 AM
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I've gone from laser like focus on what the stock market is doing to being locked in on Conference expansion rumors. What an exhausting Summer.
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All-In [29568]
TigerPulse: 100%
Posts: 22186
Joined: 12/3/03
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The stock market is unfortunately easy to follow right now.
[3]
Jul 5, 2022, 10:35 AM
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Just imagine a boulder going downhill, gathering momentum as it goes. And there you have the stock market at present. Almost continually DOWN. Any small gains on a given day immediately wiped out and then some by the next big tumble on the following day. It may ALL be gone by the time the next election rolls around.
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Athletic Dir [873]
TigerPulse: 87%
Posts: 1454
Joined: 6/18/01
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Re: The stock market is unfortunately easy to follow right now.
[2]
Jul 5, 2022, 10:56 AM
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Seems to be hovering around 30000 for the time being. When earnings start being reported shes going down again. Oil just went below $100 though and I don't think Ukraine last more than six months.
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All-In [41923]
TigerPulse: 100%
Posts: 39394
Joined: 4/23/00
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SPY is currently at about 375. Next significant level of
[1]
Jul 5, 2022, 11:30 AM
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support is down around 320-325. We'll almost certainly hit that. Below that, it's a free fall all the way down to 220, the lows of early 2020, with no technical support in between. That's a 54% drop from recent highs. With interest rates, inflation, continuing supply chain issues, likely rise in unemployment, and still more Biden/Putin, that's very likely. That spells opportunity for some, and hard times for many others.
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Head Coach [798]
TigerPulse: 100%
Posts: 630
Joined: 1/20/05
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Quantitative Tightening
[1]
Jul 5, 2022, 1:57 PM
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Quantitative easing has lead assets to grow, so logically it would be safe to believe that quantitative tightening will make them go down.
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Athletic Dir [873]
TigerPulse: 87%
Posts: 1454
Joined: 6/18/01
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Yes
Jul 5, 2022, 2:09 PM
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Yes
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