Down goes the Dow

Ghost of Igloi wrote:

“In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

Starting in 2022, household savings have declined by $100 billion per MONTH on average.

Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

It is forecasted that the remaining excess savings will be depleted this quarter.
Americans are living off savings that will soon no longer exist.
This is why debt levels are skyrocketing.”

—The Kobeissi Letter

Sally Vix wrote:

Ghost of Igloi wrote:

“In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

Starting in 2022, household savings have declined by $100 billion per MONTH on average.

Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

It is forecasted that the remaining excess savings will be depleted this quarter.
Americans are living off savings that will soon no longer exist.
This is why debt levels are skyrocketing.”

—The Kobeissi Letter

Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

Sally Vix wrote:

Ghost of Igloi wrote:

“In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

Starting in 2022, household savings have declined by $100 billion per MONTH on average.

Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

It is forecasted that the remaining excess savings will be depleted this quarter.
Americans are living off savings that will soon no longer exist.
This is why debt levels are skyrocketing.”

—The Kobeissi Letter

Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

Ghost of Igloi wrote:

Sally Vix wrote:

Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

I suppose, that is why it continues. Papa Government keeping the lemonade stand open for business. No worries, the product is almost free.

Sally Vix wrote:

Ghost of Igloi wrote:

I suppose, that is why it continues. Papa Government keeping the lemonade stand open for business. No worries, the product is almost free.

The lemonade stand has been flowing forever pretty much. Are you going to criticize the lemonade stand or are you going to get on board? The lemonade stand has made many Americans very wealthy while those who chose not to go the lemonade stand are hurting big time.

Ghost of Igloi wrote:

“In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

Starting in 2022, household savings have declined by $100 billion per MONTH on average.

Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

It is forecasted that the remaining excess savings will be depleted this quarter.
Americans are living off savings that will soon no longer exist.
This is why debt levels are skyrocketing.”

—The Kobeissi Letter

Hello inflation wrote:

Ghost of Igloi wrote:

“In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

Starting in 2022, household savings have declined by $100 billion per MONTH on average.

Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

It is forecasted that the remaining excess savings will be depleted this quarter.
Americans are living off savings that will soon no longer exist.
This is why debt levels are skyrocketing.”

—The Kobeissi Letter

The point of the Trump/Biden stimulus payments was to increase consumer spending. It worked, as you pointed out.

CG3 wrote:

How long before we see new all time highs? We were at 4800 nearly two years ago... When will interest rates start going down again?

Ghost of Igloi wrote:

Hello inflation wrote:

The point of the Trump/Biden stimulus payments was to increase consumer spending. It worked, as you pointed out.

It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.

Hello inflation wrote:

Ghost of Igloi wrote:

It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.

Of course. The effects of increased demand. What are you so surprised?

Ghost of Igloi wrote:

In regards to new S&P 500 highs it could be a decade.

Contrarian Indicator alert wrote:

Ghost of Igloi wrote:

In regards to new S&P 500 highs it could be a decade.

There’s your BUY signal, folks!

Ghost of Igloi wrote:

Contrarian Indicator alert wrote:

There’s your BUY signal, folks!

Last time you posted that Apple promptly lost 10%.