Goldman Sachs collapsed 8% today . . . banker easy lending days appear rattled. Goldman stating Wall Street wage inflation and legal costs for earnings miss . . . .
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Last edited by errolanderson; Jan 18, 2022, 12:39. -
A market tidbit this week worth some pondering . . .
JP Morgans stock price has collapsed 12 percent in the past three (3) trading sessions. That’s equivalent to $55 billion U.S. wipeout in market capitalization.
One year of stock gains apparently erased just this week alone. Fair to say, equities under heavy weakness right now . . . .Comment
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This will end badly with Russian invasion and a resulting world economic meltdown. If not then high interest rates with the only lever Biden has. Neither scenario looks good.Comment
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So sell now before the world ends ??Comment
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I'm OK, invested in energy (mostly oil), have grain in the bins, no debt and money in the bank. It was hard work getting there but it cuts down the stress, of course my business isn't growing much but I did buy a baler and auger and made some equipment repairs this past year so minor improvements. That's how I'll hedge my bets for now.Comment
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UGLY MARKET START THIS YEAR: THE WORST IN OVER 100 YEARS.
The 11% drop by the S&P 500 over the first 16 trading days is the weakest start by stock markets in well over a century. The old market axiom that as goes January, so goes the year, suggests 2022 may be challenging for stock market investors.
It appears clear that economic and geopolitical factors are converging producing continued market volatility.
Daily wild price may become more the norm this year . . . .Comment
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Yah its horrible only up 6 percent in Jan thus far. Tech stocks were over priced and due for a correction.Comment
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