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How much longer will this bear market go on for?
Comments
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Couple of articles on Trustnet today
"Gerrit Smit: Inflation is a huge problem that will lead to a lot of market casualties"
and"Three reasons why investors need to stop worrying about inflation"
so pick your article and ideology and argue your case
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"Don't do something, just stand there" John C Bogle4
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Type_45 said:Nebulous2 said:We've gone through the interest rate issues, with the pivot from growth to value, and now we are entering the next phase with the reaction to lowered profit expectations.
Fairly standard stuff - nothing to get excited about.......
It's the biggest single after-hours market cap drop in history.So it dropped from $111 to $89 after hours.......it's now at $99, so does that mean it's up 12% against it's after market price overnight?You really need to stop reading so much into single market events, esp after hours ones........Yes, Amazon is down about 10% today, vs yesterday's close, but the Nasdaq hasn't really noticed, and is up today by about 1.5% at the time of writing this, as is the broader S&P500, albeit a slightly more modest 1.3%......
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Meantime - the VWRP I bought in mid - June is still showing a profit.....Type_45 said:Nebulous2 said:We've gone through the interest rate issues, with the pivot from growth to value, and now we are entering the next phase with the reaction to lowered profit expectations.
Fairly standard stuff - nothing to get excited about.......
It's the biggest single after-hours market cap drop in history.0 -
sevenhills said:
https://commonslibrary.parliament.uk/research-briefings/sn02784/Millyonare said:
Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.
Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.
Nice try 😉
https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg0 -
Terry Smith:
Except, as we have been told manifold times, we are about heading to the bottom of that graph.Millyonare said:sevenhills said:
https://commonslibrary.parliament.uk/research-briefings/sn02784/Millyonare said:
Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.
Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.
Nice try 😉
https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg
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Thanks to Truss 🤣😭Millyonare said:sevenhills said:
https://commonslibrary.parliament.uk/research-briefings/sn02784/Millyonare said:
Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.
Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.
Nice try 😉
https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg0 -
All bought back I'm afraid.Type_45 said:Nebulous2 said:We've gone through the interest rate issues, with the pivot from growth to value, and now we are entering the next phase with the reaction to lowered profit expectations.
Fairly standard stuff - nothing to get excited about.......
It's the biggest single after-hours market cap drop in history.0 -
Technical recession in the US is officially over.U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positiveSo the earliest technical recession (if ever happen again) is Q1 2023.0
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aroominyork said:Terry Smith:
Except, as we have been told manifold times, we are about heading to the bottom of that graph.Millyonare said:sevenhills said:
https://commonslibrary.parliament.uk/research-briefings/sn02784/Millyonare said:
Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.
Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.
Nice try 😉
https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg
Except, as posted manifold times, the UK is prone to forward-looking misery, doom and hysteria. We as a nation are always desperate to talk down the future economy. We love nothing more than to forecast recessions, housing falls, unemployment, and they often don't happen. We revel in misery and self-loathing. Look at the hysteria before Brexit, when the economy was going to crash. It didn't. Look at the hysteria before Covid, when the housing market was going to crash. It didn't. And on and on. Rinse and repeat.
The IMF says the UK is the fastest-growing economy in the entire global G7. The 2nd lowest debt in the G7. Unemployment is as close to full as it will ever get. Everyone who wants one has a job. Wages are rising. House prices are rising.
The UK is in much better shape than the hysterical headlines that few read beyond.
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