General Discussion

oioioi

(1,130 posts)

22. Yes, sharp correction coming.

Fri Nov 26, 2021, 01:50 PM

Nov 2021

Thanks for pointing this out. Equity and real estate prices don't have room to go higher. Fiscal liquidity flood and unsustainable interest rates are now pressuring wages and consumer prices. Supply chain weakness and full employment are aberrant. Depressed sectors like travel, entertainment, tourism, etc. seem to be offset by present economic restructuring and fiscal stimulus - we can dream, but this transition won't last forever.

With another year of COVID curtailing economic activity, rising inflation, accelerating climate change indicators amid stirring geopolitical uneasiness, it's difficult to find a solid argument for an exuberant equities outlook. The scenario of rapid prices pushing up earnings in dollar terms won't fix bloated P/E ratios - equity prices can't outpace an extended period of inflation with consequent wage and social pressure. Hello UBI?

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DOW down over 1000 points! [View all] mnhtnbb Nov 2021 OP

Glad we have a bunch of leftovers Sherman A1 Nov 2021 #1

They are 391K plans now Shermann Nov 2021 #24

lol Demovictory9 Nov 2021 #28

This is what's known as a buying opportunity. Tomconroy Nov 2021 #2

.... A HERETIC I AM Nov 2021 #5

Indeed MissB Nov 2021 #15

Yep we can do it Nov 2021 #27

Or perhaps a falling knife catching opportunity Shermann Nov 2021 #36

Well, it is after all dweller Nov 2021 #3

Being attributed to Nu variant. That's scary. What do they know about it that we don't? Scrivener7 Nov 2021 #4

They *don't* know ... dawg Nov 2021 #6

We're long overdue for a correction, current P/E and P/B values are way above historical averages Amishman Nov 2021 #7

Sound analysis True Dough Nov 2021 #20

Yes, sharp correction coming. oioioi Nov 2021 #22

Completely Agree ProfessorGAC Nov 2021 #39

Shit, I just re-invested 80k from a sale of land CanonRay Nov 2021 #8

It always goes that way, doesn't it? But you'll recoup. I invested in Scrivener7 Nov 2021 #9

It'll recover once the news gets digested. jmbar2 Nov 2021 #10

Buying when prices are low is very good. beaglelover Nov 2021 #12

The market goes up and down. It's how it works. Not a huge deal unless you're withdrawing all of beaglelover Nov 2021 #11

Meh, that's what? 3%? Wounded Bear Nov 2021 #13

Serious correction in oil and gasoline as well durablend Nov 2021 #14

+1 uponit7771 Nov 2021 #23

I invested in TV dinners, and all my assets are frozen. Beakybird Nov 2021 #16

I see what you did there. NT mahatmakanejeeves Nov 2021 #19

I invested in beer and all my assets are liquid nt Shermann Nov 2021 #25

hahaha!! Beakybird Nov 2021 #26

Buying opportunity gulliver Nov 2021 #17

In my view, the next few days will have considerable turbulence bucolic_frolic Nov 2021 #18

Are we struggling mightily to "get back to normal" Ron Green Nov 2021 #21

Why create jobs onenote Nov 2021 #30

Indeed, why "create" jobs? Ron Green Nov 2021 #32

So you support folks being unemployed? onenote Nov 2021 #35

I support people living their best lives in a loving community on a Ron Green Nov 2021 #38

Good thing the Stock Market is not the economy. GoCubsGo Nov 2021 #29

great just when I'm near retirement I'm going to lose $$ in my 401k IcyPeas Nov 2021 #31

It could well bounce back iemanja Nov 2021 #34

Watch the S&P iemanja Nov 2021 #33

Good thing the wife and I put all of our money into mattress. Xavier Breath Nov 2021 #37

Despite This... ProfessorGAC Nov 2021 #40

yeah, 1000 points in Dow isn't what it used to be Johonny Nov 2021 #41