Stock crash or just a correction

[jalimon]

So it seems the stocks are going down heavily. Is is a complete crash or just a short lived correction?

Cheers,

p.s. asking for a friend

 

[danmand]

Crash

 

[luvdog]

I noticed that too today.
Had some of mine go down.
Mind you, didn't invest too heavily in this.

This is temporary I am sure.
LD

 

[jcpro]

There has to be a pull back because there is no growth, the supply and labor problems are not getting better and the inflation is running rampant. This is not an investment environment.

 

[luvdog]

I wonder how high the BOC will raise interest rates because of this?
LD

 

[BAMan 55]

More likely a correction, not a crash. Reasons, tech stocks have lost favour, interest rates scheduled to increase, supply chain issues and Ukraine situation (and likely others). .

 

[jcpro]

I wonder how high the BOC will raise interest rates because of this?
LD

The BOC will start slow, but it will panic, eventually, and by the end of the year we will see 10%-14% interest rates.

 

[jalimon]

The BOC will start slow, but it will panic, eventually, and by the end of the year we will see 10%-14% interest rates.

The problem with high interest rates is that it hurts the middle class so much. And they are already the one suffering right now. I hope we do not get there.

I had to cash out about a year ago on an holding account (fiscal reason... thanks to Trudeau)... So now the money is sitting in as I can resolve myself to buy back in now... I initially tough let's this covid thing settle first. But fuck covid will be with us for years. Are the damage done or no. When will be a good time to go back in??

 

[|2 /-\ | /|/]

Inflation is a great asset “you stupid son of a bitch”

and the stock market corrected just like that

https://twitter.com/i/web/status/1485749200973348873

 

[jcpro]

Inflation is a great asset “you stupid son of a bitch”

and the stock market corrected just like that
View attachment 117558

https://twitter.com/i/web/status/1485749200973348873

Class

The problem with high interest rates is that it hurts the middle class so much. And they are already the one suffering right now. I hope we do not get there.

I had to cash out about a year ago on an holding account (fiscal reason... thanks to Trudeau)... So now the money is sitting in as I can resolve myself to buy back in now... I initially tough let's this covid thing settle first. But fuck covid will be with us for years. Are the damage done or no. When will be a good time to go back in??

It's a trade off. Short(er) pain of the higher interest rates or years of inflation that will literally hurt everyone, destroy the dollar, kill the savings and, in the end, still crash the economy.

 

[jalimon]

It's a trade off. Short(er) pain of the higher interest rates or years of inflation that will literally hurt everyone, destroy the dollar, kill the savings and, in the end, still crash the economy.

On the other hand there is the top 3% that has billions and billions to spend. They don't care about inflation or interest rates as they pay cash. They will simply pursue buying everything they can. Mostly buildings, houses and land (you know bill gates is the biggest land owner in the US?).

The next generation will be generations of renters. The autocracy will come naturally as the top capitalist will have win it all.

 

[sprite09]

regardless, DCA

https://www.reddit.com/r/financialindependence/comments/c02ml4

 

[Fun For All]

The markets rallied a bit today...didn’t end that badly.

 

[glamphotographer]

Investors are worried about Russia-Ukraine. By the end of 2022, the TSX will hit all-time highs.

 

[sprite09]

The markets rallied a bit today...didn’t end that badly.

.could be a dead cat bounce

 

[BAMan 55]

The BOC will start slow, but it will panic, eventually, and by the end of the year we will see 10%-14% interest rates.

Think you do not have a lot of company with your projection. Most of the people who are supposed to know are expecting several .25% increases between now and year end to raise the Bank of Canada prime rate from .25% to 1.25/1.50%.
.

 

[jcpro]

Think you do not have a lot of company with your projection. Most of the people who are supposed to know are expecting several .25% increases between now and year end to raise the Bank of Canada prime rate from .25% to 1.25/1.50%.
.

I don't know anymore than anyone else, but America is experiencing the highest inflationary pressure in over 30 years. Last time we were here, well....

 

[sprite09]

I don't know anymore than anyone else, but America is experiencing the highest inflationary pressure in over 30 years. Last time we were here, well....

so are you talking about the fed increasing rates (america) or the bank of Canada?

 

[sprite09]

Think you do not have a lot of company with your projection. Most of the people who are supposed to know are expecting several .25% increases between now and year end to raise the Bank of Canada prime rate from .25% to 1.25/1.50%.
.

yep what former boc governor general David doge thinks

Kennisgeving voor omleiding

regarding inflation in Canada...

https://thehub.ca/2022-01-25/making-sense-of-high-inflation-in-canada/

breaks down the 4.8 percent number

 

[jcpro]

so are you talking about the fed increasing rates (america) or the bank of Canada?

We are going to follow America. We almost always do.