movetheboat
Well-Known Angler
I sure prefer me in 2022 then 1999 financial wise.
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- Chart 3 shows the expansion in M2 money Supply: Inflation is the expansion of the money supply (USD being printed out of thin air with no backing) Inflation reduces the value of the USD in real terms (meaning how far a $ goes)
- Chart 1 is what the Dow Jones looks like technically over time. The Green arrows are major events.
- Chart 2 is the true value of the Dow Jones (Green circles correspond to arrows in Chart 1) when factoring in Chart 3 (M2) the expansion of the money supply, which is Inflationary.
All the gains we think we have, when accounting for Inflation, is false. Now take into account Capital Gains we all pay, and Income taxes on dividends, and you can get the picture how F'ed the system is.
The Dow and other equity classes are actually below the 1999 Dot Com bubble in real terms (In 1999 dollars), even after all the "printing" and expansion of the money supply over the last 10 years.
EL up 17...i played it for a bounce today and took profits to soon....but a profit none the less
Yeah. She's rockin' & rollin' today.EL up 17...i played it for a bounce today and took profits to soon....but a profit none the less
THE MARKET LIKES WHAT POWELL IS YAPPING
GDP still strong
Consumer strong
jobs strong
inflation down
Happy days are here again!! til tomorrow anyway!!
We shall see. My positions are 1/4 bullet each ( meaning I have 3 more 6k positions to scale into if needed)rally coming?
Mondays...new energy ...rally!
Closed on the lows...usually a bounce next trading day (monday) rally!
Too many bears (contrary indicator) rally!
Santa Claus rally time is running out. rally!
it was a general comment and not about ur positions......but most likely ur in for pain....cya monday BACHAGALOOPWe shall see. My positions are 1/4 bullet each ( meaning I have 3 more 6k positions to scale into if needed)
Ok gotcha.it was a general comment and not about ur positions......but most likely ur in for pain....cya monday BACHAGALOOP![]()
The market is going ballistic...cpi cool number 0.1 vs 0.3 estCPI in a few minutes...DOW futures up 225...exciting!!