Unchained Preppers
General Category => General Discussion => Topic started by: JohnyMac on December 16, 2022, 01:13:20 PM
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The DJIA has been down big time over the last two days since Wednesday of this week. The CPI, retail sales, Fed rate hike, etc. have been released this week and folks are skittish. By month, wholesale inflation, housing sales new & old, unemployment, etc. will be released too.
Here is a graph that shows the S&P 500, 2008 vs. 2022, for you to look at. I truly believe the bubble will burst in Q1, 2023.
(http://navigatorbiz.com/wp/wp-content/uploads/2022/12/DOW-PICS.jpg)
Interesting huh?
I expected there to be a 20-25% correction in the market during Q1 of 2023 but this turn of events is a bit ahead of that timeframe. Let's hope it is just folks taking some profits before the year end. My sell order is in for January 2, 2023. :facepalm:
I suspect if this is not a hiccup, PM's will climb before year end. Gold moves in over $1800- and silver over $24-.
Worth keeping an eye on folks.
:popcorn:
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Morgan Stanley has some thoughts on this subject.
Side note-- DJIA down a little over 600 today.
Nemo
https://www.foxbusiness.com/markets/us-stocks-are-death-zone-could-sink-morgan-stanley-warns (https://www.foxbusiness.com/markets/us-stocks-are-death-zone-could-sink-morgan-stanley-warns)
Economy
Published February 21, 2023 2:50pm EST
US stocks are in 'death zone' and could sink 26%, Morgan Stanley warns
S&P 500 could sink further this year as Fed keeps rates high
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DJIA down ~1,200 points in the last ten days. Several predictors with good records predicting think a 25% correction by the beginning of Q2, 2023.
A correction of that size, would put the DJIA at around ~26,000.
:popcorn:
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While smart operators can make money in the Stock and Bond markets, I personally wouldn't buy either one. Wednesday, I went to town and bought some more Silver. Yesterday the price continued to fall. Today its even lower. Now, is that a good thing or a bad thing? I think its a good thing for two reasons. The first reason is that its getting cheaper and cheaper to buy. The second reason is that it demonstrates that the idiots who bought PAPER SILVER no longer have faith in it because they are afraid that they will not be able to trade their worthless paper for real PHYSICAL SILVER. They are correct. There are about 200 ounces of paper Silver for every ounce of Phyisical Silver. The price of Physical Silver is pegged to the price of Paper Silver and when it gets low enough, it will uncouple and the price of Physical Silver will rise to its true value. I'll just stand over here in the corner and pat my foot until Silver explodes. :chuky:
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Gold too has dropped since February 1. About $150- an ounce. A great buying opportunity. Soon as Ukraine war 2.0 begins in earnest, gold will skyrocket as will silver.