You said it was going to happen on the 4th of October.
https://www.oann.com/sp-nasdaq-futures-scale-new-heights-on-earnings-bullishness/
Stock market crash is imminent!
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https://www.oann.com/sp-nasdaq-futures-scale-new-heights-on-earnings-bullishness/
PP said it was going to happen on the 4th of October.
So where is the crash you promised?
Todays news a month after your prophecy
https://www.oann.com/sp-nasdaq-futures-scale-new-heights-on-earnings-bullishness/
Arcticdude
Top Poster
The stock market is at record highs again. And gold is over $1800 an ounce now. Seems to me like its still a good time to be invested.
https://www.oann.com/sp-nasdaq-futures-scale-new-heights-on-earnings-bullishness/
But But But the great sages of wisdom on DPF said the crash was going to happen on the 4th of October, then i think someone else said the 13th. Now the gospel is the 8th of November.
(Reuters) – Wall Street’s main indexes scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19.
The S&P 500 and the Nasdaq notched record high closes for their seventh straight sessions, while the Dow Jones Industrial Average also closed at a record. All three indexes posted weekly gains for their fifth straight weeks.
The Labor Department report showed U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided.
A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease. Pfizer shares jumped about 11%.
The news kept the run going for equities after investors earlier in the week digested the Federal Reserve’s decision to start reducing its monthly bond purchases put in place to support the economy.
“Momentum that we have seen this week has continued, and the jobs report and the Pfizer announcement certainly are providing positive datapoints for investors to put more money into the market right now,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.
The Dow Jones Industrial Average rose 203.72 points, or 0.56%, to 36,327.95, the S&P 500 gained 17.47 points, or 0.37%, to 4,697.53 and the Nasdaq Composite added 31.28 points, or 0.2%, to 15,971.59.
For the week, the S&P 500 rose 2%, the Dow added 1.42%, while the Nasdaq gained 3.05%.
Travel stocks rose following Pfizer’s announcement, with the S&P 1500 airlines index climbing 7%, and cruise operators Carnival Corp, Royal Caribbean Cruises and Norwegian Cruise rising between about 8% to 9%.
“Still early to be definitive but this (pill) looks like a true game changer for many industries like leisure and transportation, you’re seeing it reflected in the prices,” said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
Among S&P 500 sectors, energy and industrials led the way, rising 1.4% and 1%, respectively.
Healthcare was the only sector that ended negative, falling 1%. The Pfizer news weighed on shares of competitors such as Merck, which fell nearly 10%, and COVID-19 vaccine makers such as Moderna, which slumped 16.6%.
Shares of so-called “stay-at-home” names fell, with Zoom Video Communications down 6.2% and Netflix Inc off 3.4%.
Better-than-expected third-quarter earnings have helped lift sentiment for equities. With about 440 companies having reported, S&P 500 earnings are expected to have climbed 41.5% in the third quarter from a year earlier, according to Refinitiv IBES.
Pinterest Inc shares climbed 5.9% after the company’s strong fourth-quarter revenue forecast.
Peloton Interactive Inc shares slumped 35.3% after the company slashed its full-year sales forecast by up to $1 billion.
Advancing issues outnumbered declining ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 1.22-to-1 ratio favored advancers.
The S&P 500 posted 83 new 52-week highs and two new lows; the Nasdaq Composite recorded 303 new highs and 80 new lows.
About 11.5 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.
(Reporting by Lewis Krauskopf in New York, Devik Jain and Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel and Marguerita Choy)
But But But the sages have said The Sky is falling, the sky is falling
Arcticdude
Top Poster
Haven't "they" been saying that since JC walked the earth? Eventually they will be right, just not anytime soon in my opinion.But But But the sages have said The Sky is falling, the sky is falling
Wrong, I said very likely on October 4 or soon after. Go take another booster.
That's good that I was wrong, for those who are still riding the wave.
Helen Back
A True Doomsday Prepper
@BillMasen
Wall Street is roaring, a bull unleashed. You should put EVERYTHING you have into it. To the Moon!!!!!
Wall Street is roaring, a bull unleashed. You should put EVERYTHING you have into it. To the Moon!!!!!
If you really believe it is crashing very soon, buy the CBOE volatility index stock, VIX, also known as the "Fear Index". You could double or triple or maybe even quadruple your money. Currently 16.48, it went up to 66 when COVID hit last year.
Schattentarn
A True Doomsday Prepper
Never own a stock in the month of October.
Helen Back
A True Doomsday Prepper
I do think that China's imminent failure will bring down every market in the world. And we should all know what that will lead to...
Weakening finances at Chinese developers put pressure on Beijing to act (msn.com)
SHANGHAI/SINGAPORE (Reuters) - Third-quarter earnings from China's property sector and ancillary industries show that Beijing's crackdown on rampant borrowing is inflicting pain far beyond just the embattled China Evergrande Group and could force the authorities to ease policy.
Evergrande's long-drawn debt crisis has not spilled into China's broader financial markets as feared, but the worsening health of China's $5 trillion property sector is testing Beijing's resolve to press on with painful structural reforms.
"Evergrande is not too big to fail, but the sector is," said Ronald Chan, Hong Kong-based Asia head of equities at Manulife Investment Management.
"Any consequent, potential impact on property prices in China will be detrimental."
Seven of the top 10 China-listed developers by revenue, including China Vanke Co and Greenland Holdings Corp, posted sharp falls in net profit during the July-September period, according to their quarterly reports.
Greenland's earnings dropped 27% while Vanke's profit fell 23% compared with a year earlier. Risesun Real Estate Development's profit tumbled 61%.
The list doesn't include Hong Kong-listed Chinese developers including Evergrande, Country Garden Holdings, or Guangzhou R&F Properties, which don't need to disclose third-quarter results under local rules.
A separate list of 20 major China-listed developers tracked by Citic Securities, which includes firms such as Gemdale Corp and Yango Group paints a picture of lower margins, shrinking cash piles, and rising balance sheet risks.
Weakening finances at Chinese developers put pressure on Beijing to act (msn.com)
SHANGHAI/SINGAPORE (Reuters) - Third-quarter earnings from China's property sector and ancillary industries show that Beijing's crackdown on rampant borrowing is inflicting pain far beyond just the embattled China Evergrande Group and could force the authorities to ease policy.
Evergrande's long-drawn debt crisis has not spilled into China's broader financial markets as feared, but the worsening health of China's $5 trillion property sector is testing Beijing's resolve to press on with painful structural reforms.
"Evergrande is not too big to fail, but the sector is," said Ronald Chan, Hong Kong-based Asia head of equities at Manulife Investment Management.
"Any consequent, potential impact on property prices in China will be detrimental."
Seven of the top 10 China-listed developers by revenue, including China Vanke Co and Greenland Holdings Corp, posted sharp falls in net profit during the July-September period, according to their quarterly reports.
Greenland's earnings dropped 27% while Vanke's profit fell 23% compared with a year earlier. Risesun Real Estate Development's profit tumbled 61%.
The list doesn't include Hong Kong-listed Chinese developers including Evergrande, Country Garden Holdings, or Guangzhou R&F Properties, which don't need to disclose third-quarter results under local rules.
A separate list of 20 major China-listed developers tracked by Citic Securities, which includes firms such as Gemdale Corp and Yango Group paints a picture of lower margins, shrinking cash piles, and rising balance sheet risks.
Cut the head off the snake, heck joes done everything he can to help them while hurting all of working men+women. If we are going down they should too.
Arcticdude
Top Poster
I've always thought that real estate was one of the best investments there is. Right now is a good time to own, but maybe not a good time to buy. Recently I heard about a place that was for sale just a few miles down the road from me. So I stopped and talked to the owner about it. The property was only 60 acres and he had just sold it for $650,000. Way too much for me.
Wait for any land or house purchases until the housing bubble bursts. There are indicators that it is going to happen. Zillow stopping their purchases came as a shock to many. I thought they were overpaying for properties, so wasn’t surprised at all. Having bought and flipped more than a few properties over the years, one kind of gets a “feel” for the markets. So Arctic, if you want that piece of land, just wait. You should be able to snatch it up for a steal (if the folks need or badly want to sell it).
From Zillow: “Zillow to stop home-flipping amid pricing 'unpredictability' Zillow Group says it will stop buying and selling homes, citing the unpredictability of forecasting housing prices”
From Zillow: “Zillow to stop home-flipping amid pricing 'unpredictability' Zillow Group says it will stop buying and selling homes, citing the unpredictability of forecasting housing prices”
Remember '08 when there were companies deemed "Too big to fail"?
Evergrande is too big to fail. That's why we have all the drama every month when their interest payments come due, but then somehow they manage to avert crisis again and again.
But also remember that having companies "Too big to fail" didn't stop the broader market from disaster.
Evergrande is too big to fail. That's why we have all the drama every month when their interest payments come due, but then somehow they manage to avert crisis again and again.
But also remember that having companies "Too big to fail" didn't stop the broader market from disaster.
To add to that, since Evergrande there has just recently been 4 other Chinese real estate companies default. To think it won’t affect the entire world is naive in my humble opinion.
Arcticdude
Top Poster
He already sold that piece. The owner has several thousand acres of land in the area. Even though it was only 60 acres, it was close to our property, plus it had a creek, timber and good grass.
Big defaults should effect the entire worlds economy... But the fed keeps pumping new/fake money into the economy, so even bad news makes the stock market climb.. The market will continue to climb until next year IMO..
How bad a crash we will have and when is anyone's guess.. My guess is it will be a 10% correction because people are waking up..
