Big Stock Market dump coming after 2PM today

[OliverHeldens]

Inflation has been tracking upward in January and February, and this is because the Dot Plots from back in November ended up (falsely) showing more rate cuts than expected for 2024.

Today is the first additional Dot Plot release since then, and they need to get inflation back under control. Today is the beginnnig of the 2024 decline. The Bitcoin dump was the precursor. Stocks dump this afternoon until the end of the year.

[radrd]

There's a lot to unpack here

[OliverHeldens]

There's a lot to unpack here

It's actually a very simple concept. Most people are predicting it.

[gwg77]

Masterclass

[Destor]

Watch it dump and then climb back up

[phaginator]

Watch it dump and then climb back up

This.


But agree with OP fed going to talk hawkish now. Btw most of the "inflation" is because of housing, if not for that we would be sub 2% by now

[Drhunglow]

No, it will go up

[kusok]

Just out of curiosity, what is the point of these threads? The bear porn that OP always posts, what is the point of it? Not trying to be a smart ass, just a genuine question.

[elterrible987]

[dingler]

What is considered a big dump? 1,000 pts? 5,000?

[OliverHeldens]

This.


But agree with OP fed going to talk hawkish now. Btw most of the "inflation" is because of housing, if not for that we would be sub 2% by now

Yep. They aren't going to lower rates for at least another few months, but today is when that process begins. So we'll see a dump this week, then a gradual decline until the rate drop. At which point we will see the major correction.

[naich]

If it follows the trends of the last few "bad news" meetings then, 1-2% decline this week, followed by a 5%+ rally to end out the month.

[OliverHeldens]

What is considered a big dump? 1,000 pts? 5,000?

I think we could see like 8% decreases this week in QQQ. We'll see.

[mulletwarrior]

Thanks for the insider tip, OP.

I just got done liquidating my 401(k) (I'm going to take the tax hit because tax hit is better than all my stonks going to $0) as well as my other non-tax-deferred brokerage accounting. I am investing all of it in MoonCoin as that is the only hedge I am aware of against inflation.

[OliverHeldens]

If it follows the trends of the last few "bad news" meetings then, 1-2% decline this week, followed by a 5%+ rally to end out the month.

This is different than every meeting since November. We should have seen a dump in November to be honest, but they pumped the markets to try to stretch the process out longer.

[JeepBruh]

Have to crash it a little now so they can boost it before the elections. I'm only semi-joking.

[blazenbb]

What puts are you buying op?

[phaginator]

Yep. They aren't going to lower rates for at least another few months, but today is when that process begins. So we'll see a dump this week, then a gradual decline until the rate drop. At which point we will see the major correction.

A correction can definitely happen, but I doubt we've seen the top this year. Still bullish overall imo.

[Destor]

Inflation mostly is companies making more money, because they’re charging more money

The market does not crash when companies are making more money and people are paying it. When the Fed needs to do very quick and big rate cuts because the economic chit hit the fan, that’s when the market would/will crash.

This is exactly how it has gone historically, what has happened so far is normal

[ThatGuy950]

It’s just short term volatility, the money printer will inevitably fire up again soon enough

They can either default (no chance) or print and inflate everything to venezuelamaxx (100% certainty)

[kusok]

One would think OP after his bitcoin going to zero threads would never post again in shame, but… here he is again…

[naich]

Inflation mostly is companies making more money, because they’re charging more money

The market does not crash when companies are making more money and people are paying it. When the Fed needs to do very quick and big rate cuts because the economic chit hit the fan, that’s when the market would/will crash.

This is exactly how it has gone historically, what has happened so far is normal

But the question is are we in 2007 right now or the mid 1920's.

[OliverHeldens]

Inflation mostly is companies making more money, because they’re charging more money

The market does not crash when companies are making more money and people are paying it. When the Fed needs to do very quick and big rate cuts because the economic chit hit the fan, that’s when the market would/will crash.

This is exactly how it has gone historically, what has happened so far is normal

I don't think the crash happens today. Just the beginning of the downward trend. The crash happens over the Summer or early Fall.

[twovalvekid]

This.


But agree with OP fed going to talk hawkish now. Btw most of the "inflation" is because of housing, if not for that we would be sub 2% by now

Having weekend at bernie's 46 "adjust" what inflation is to take out volatile items also helps that number too....

[headturner1]

Thanks for the insider tip, OP.

I just got done liquidating my 401(k) (I'm going to take the tax hit because tax hit is better than all my stonks going to $0) as well as my other non-tax-deferred brokerage accounting. I am investing all of it in MoonCoin as that is the only hedge I am aware of against inflation.

I did the same. Just liquidated my Roth and took the early withdrawal penalty.


What’s your PayPal addy op? I want to send you a finder’s fee.

[OliverHeldens]

But the question is are we in 2007 right now or the mid 1920's.

The Fed will prevent another 1929. But 2007 is very much on the table, with obviously a shallower trough.

[twovalvekid]

The Fed will prevent another 1929. But 2007 is very much on the table, with obviously a shallower trough.

The 2007 debacle is on the table...

Yeah....not the same situation in any way, shape, or form.

Roll bread confirmed.

[Abzu]

Most people are predicting it.

Lol.

[kusok]

After op’s bitcoin going to zero threads one would think op would self ban and never post again out of shame, but… here he is again…

[Abzu]

Yep. They aren't going to lower rates for at least another few months, but today is when that process begins. So we'll see a dump this week, then a gradual decline until the rate drop. At which point we will see the major correction.

Won't we start to see worse economic data and/or lower inflation as a precursor to rate cuts?

Won't that juice the market as the data flows since folks will KNOW cuts are imminent?

Jpow is right about what he has been saying this year but he had no reason to say it.