Black Monday

[Tomtom]

Hard to argue with, but I did read that a labour shortage hastens the widespread adoption of the technological advances available (and there are currently plenty of robotic technologies in that category) and gives huge impetus to wealth creation.

I hope that happens but labour productivity has substantially plateaued in many in many OECD countries so there is little sign now that IT will have the same impact that the printing press, machine tools, electrification etc.

I'm a true believer in technology improving human wellbeing however. There will be future technological revolutions that do have a profound impact on improving material quality of life. Human intellect really is the well that never runs dry. It's just that we don't appear to be in such a revolution right now.

[Bjauck]

Cost of living crisis as reported in Stuff. I shed a tear over the Tauranga student studying Economics at Ivy League uni Harvard, who now has to pay $8 for his covid era Auckland Airport coffee instead $4. Will he be able tp afford his Harvard fees?
https://www.stuff.co.nz/bay-of-plent...-to-save-money

[bull....]

Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets


https://www.cnbc.com/2022/06/27/fund...r-markets.html

i was mentioning a while back on the thread about hedge funds and the borrowing they do against crypto



One of the most prominent crypto hedge funds just defaulted on a $670 million loan


But the Financial Times reported after the tweet that U.S.-based crypto lenders BlockFi and Genesis liquidated some of 3AC’s positions, citing people familiar with the matter. 3AC had borrowed from BlockFi but was unable to meet the margin call.

https://www.cnbc.com/2022/06/27/thre...ager-loan.html

So when they get margin called they have to sell other assets

[winner69]

Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets


https://www.cnbc.com/2022/06/27/fund...r-markets.html
was mentioning a while back on the thread about hedge funds and the borrowing they do against crypto

]

Markets can be very seductive eh bull ……tempting keen punters to make a foertune

Mr P said ‘the market giveth, but the market also taketh away’

[percy]

Markets can be very seductive eh bull ……tempting keen punters to make a foertune

Mr P said ‘the market giveth, but the market also taketh away’

True but always remember the great investors' quote;
“time in the market beats timing the market.”

[winner69]

Hey bull ….. if ^SPX doesn’t get back to 4200 (previous high in this downtrend) on this rebound it’ll head back below 3650 (previous low). …round numbers

Is that how you see it

[bull....]

Markets can be very seductive eh bull ……tempting keen punters to make a foertune

Mr P said ‘the market giveth, but the market also taketh away’

yep

here's a prime example of the buy the dip mentality is still alive and kicking. sort of reinforcing my view of the bear is still alive and kicking.

According to a report by Bloomberg on Monday, Cathie Wood's ARK flagship fund, which is down significantly in 2022 fueled by Fed rate hikes, has gained its longest streak of inflows in more than a year.

https://www.investing.com/news/stock...-432SI-2841388

At the bottom isnt there no interest ?

[winner69]

True but always remember the great investors' quote;
“time in the market beats timing the market.”

And that book JUST KEEP BUYING is still selling like hot cakes

[bull....]

Hey bull ….. if ^SPX doesn’t get back to 4200 (previous high in this downtrend) on this rebound it’ll head back below 3650 (previous low). …round numbers

Is that how you see it

im in the camp of 2900 - 3000 if you factor in earnings downgrades to come due to inflation and slowing growth. but anything could change in between

[alokdhir]

im in the camp of 2900 - 3000 if you factor in earnings downgrades to come due to inflation and slowing growth. but anything could change in between

My base case is 3100 ...If this bounce fails around 4250 ....Can have A-B-C kind of bounce around 4250 levels

Still smart money will keep churning into recession friendly stocks ....Healthcare , Staples and Utilities etc