How much longer will this bear market go on for?

coastline

adindas said:

Will we see green days ahead ?

https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html

Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit Published Wed, Aug 10 2022

See the FTSE isn't rallying with the US. Maybe they know it's overbought short term ? Tea leaves ? Let's see if that spike up today turns into a candle wick. Only guessing but we've had a big rally.

$SPX | SharpCharts | StockCharts.com

FZw3AjbX0AEz6XQ (900×548) (twimg.com)

Type_45

The pivot ain't happening with jobs full, assets rising and CPI not rising (even though in real terms inflation is the highest it's been in 40 years).

Prolonged pain and big crash to come. 

MK62

Type_45 said:

Prolonged pain and big crash to come. 

Sooner or later you'll be right......😉

I'm predicting a recovery afterwards though.....obviously no idea when though, as it depends when your big crash comes.....😁

adindas

coastline said:

adindas said:

Will we see green days ahead ?

https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html

Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit Published Wed, Aug 10 2022

See the FTSE isn't rallying with the US. Maybe they know it's overbought short term ? Tea leaves ? Let's see if that spike up today turns into a candle wick. Only guessing but we've had a big rally.

$SPX | SharpCharts | StockCharts.com

FZw3AjbX0AEz6XQ (900×548) (twimg.com)

Well, from your chart I have not seen S&P 500 is in overbought territory. RSI (on the top) is rising but it has not reached the overbought territory. MACD has not formed a death cross

Type_45

Whether this is another Orwellian lie, or simply a written by someone who doesn't understand economics is irrelevant.

What is relevant is that millions of people defer to the likes of these channels for their "news" and even for financial guidance.

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

adindas

Type_45 said:

Whether this is another Orwellian lie, or simply a written by someone who doesn't understand economics is irrelevant.

What is relevant is that millions of people defer to the likes of these channels for their "news" and even for financial guidance.

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

Well you do not need a degree in economics to understand that when the Oil price drop it will effect inflation, what not to understand.

https://www.cbc.ca/news/business/oil-price-90-1.6541287

Oil price dips below $90 for first time since Ukraine invasion Aug 04, 2022

Prism

Type_45 said:

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

No, it means what it says - the price of food and fuel has dropped. Not by much, but enough for it to be news worthy.

Type_45

Prism said:

Type_45 said:

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

No, it means what it says - the price of food and fuel has dropped. Not by much, but enough for it to be news worthy.

No.  That is not what it means.

Prices are soaring.  Not falling.

Nebulous2

Do you know what Americans mean by 'gas?' Do you have a car? What has happened to your fuel costs? 

I was paying mid to high 190 pence per litre for diesel a month ago at home. Before leaving on holiday I got it for 181. Currently near London I filled up two days ago for 178. 

In what world is that not falling prices? 

Alistair31

Type_45 said:

Prism said:

Type_45 said:

A marginal slowing down in CPI does not equate to "falling prices". It simply means that prices aren't accelerating quite as much as they were the month prior.

No, it means what it says - the price of food and fuel has dropped. Not by much, but enough for it to be news worthy.

No.  That is not what it means.

Prices are soaring.  Not falling.

Fuel certainly not soaring, quite the opposite. Food up again but ‘soaring’ might be pushing it now.

Source for those who value facts.

https://www.bls.gov/news.release/pdf/cpi.pdf