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Author Topic: DJIA - Down 5-Days In A Row - And So It Starts  (Read 715 times)

Offline JohnyMac

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DJIA - Down 5-Days In A Row - And So It Starts
« on: January 24, 2022, 11:13:28 AM »
Just a few economic thoughts from the redoubt this morning. NOT IN ANY WAY economic advise from old Johnymac.

1) Today at this writing, the market has had 5-days of negative numbers. Today, the market is already down over 700-
    points.
2) The market is going bearish and we are in a correction cycle of 20 to 30%. This will probably go on till the end of Q1
    beginning of Q2.
3) History shows that a recession will follow a correction.
4) Looking at past bursting bubbles, history shows, investors move from stocks to .gov bonds. I suspect, based on our
    President, world events, and the drum beats of war, the faint of heart will do as they have done in the past. I suggest
    that some folks will hang tough in the market, then buy corrected stocks at the bottom of the correction. The market will
    start its new climb by early spring.
5) Gold not silver, is starting to creep up. I suspect gold will break the $2,000- mark by the end of the correction period.
6) Due in part to fear of a collapsing US Dollar, more and more folks are moving to crypto investments.
7) Inflation will continue not at the 2021 pace but higher. The cause will be too much money chasing limited supplies. The
    most recent US/Canada/Mexico vaxx mandates is reason for this new supply chain drama. Case in point...MrsMac and
    I use 1-quart of milk a week. This time last year a quart of milk was $1.08. By mid summer it had risen to $1.18 where
    it hovered till last week. Our 1-quart of milk jumped from $1.18 to $1.75 a quart this week. That is a 48% increase in
    one week.

These are my thoughts for Q1. Thoughts? Rip it apart or add.
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Offline FeedingFreedom

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #1 on: January 24, 2022, 01:34:36 PM »
Markets are getting a solid crotch-kick today. Glad I don't own any stocks except AMC and Gamestop.  :dancingBanana:

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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #2 on: January 24, 2022, 02:06:52 PM »
Gold is up while silver is down today. 

For the last two years now, I can not figure out why silver isn't over $40- an ounce. Is .gov depressing it?
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Offline FeedingFreedom

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #3 on: January 24, 2022, 02:14:33 PM »
Quote from: JohnyMac on January 24, 2022, 02:06:52 PM
Gold is up while silver is down today. 

For the last two years now, I can not figure out why silver isn't over $40- an ounce. Is .gov depressing it?

Not .gov, JP Morgan. I made a couple thousand dollars some time back by buying silver then taking delivery. They can't deliver, so they had to pay the penalties, which were substantial. Of course they got their lackeys to pass regulations to prevent them from being put in that situation again. Silver should be $100/oz, maybe more. I don't look forward to gold taking off, that's the real sign of the end, when they can't hide it anymore. We'll see, I've heard lots of people over the years saying that "gold will be $10k", and it hasn't come to pass yet, luckily for us all. When/if it hits $10k, the dollar is done, and you shouldn't sell anything for dollars anymore.
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #4 on: January 24, 2022, 06:53:45 PM »
DJIA rallied from 1000 point loss today to finish up a bit.

BUT go read the link.  Note bullet points at beginning.

Nemo

https://www.msn.com/en-us/money/markets/stock-market-today-1-24-tech-extends-slump-amid-russia-tensions-fed-concerns-sandp-500-nears-correction/ar-AAT5cAL
« Last Edit: January 24, 2022, 09:37:10 PM by JohnyMac »
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #5 on: January 24, 2022, 09:37:53 PM »
Some institution came in and saved the market today. It will correct.
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Offline pkveazey

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #6 on: January 24, 2022, 10:45:50 PM »
PHYSICAL SILVER is like SEX. Get all you can and hang on to it as long as you can. Yea, I know. I have passed out some Ounces to a couple of friends and relatives. The smart ones have hung on to them and if they are smart that will add more Physical Silver. I have determined to use currency first, Trade second, and SILVER LAST. I have no idea what plan will work but at least I have one. Two Way Radios are a stockpile that will have great value. Just because you are not a HAM radio operator doesn't mean you can't talk to them. You can pass TRAFFIC USING FRS family radio service, MURS multiuse radio service. A last resort is to open the Menu and open the Scrambler function.
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #7 on: January 25, 2022, 08:39:56 AM »
3 Bs plus 2.

Beans, Bullets, Band Aids plus Barter and Bullion.

Nemo
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #8 on: January 25, 2022, 09:08:01 AM »
DJIA 'futures' down 367-points.

Should be an interesting day on 11 Wall Street, New York, New York.
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #9 on: January 25, 2022, 09:19:56 AM »
Hang on, we are going for a ride.  Click and read the rest. 

Nemo

https://www.bloombergquint.com/markets/-head-fake-and-fed-put-potential-what-strategists-are-saying

Quote
Strategists Predict Trouble for U.S. Stocks After Massive U-Turn
Joanna Ossinger & Ruth Carson 07:46 AM IST, 24 Jan 2022 06:45 PM IST, 25 Jan 2022

(Bloomberg) -- Monday?s U.S. market action was wilder than most in its history, with the S&P 500 falling about 4% before ending slightly higher. While positive turnarounds are often viewed as a good sign, that might not be the case here. According to calculations by Bespoke Investment Group, Monday was the sixth time since 1988 that the Nasdaq erased a 4%-plus intraday decline to close higher

As investors try to gauge the impact of everything from Fed tightening to the impact of the pandemic and geopolitics like Russia-Ukraine, markets are becoming more volatile. The Cboe Volatility Index, or VIX, closed just shy of 30, compared with its lifetime average around 19.5. Strategists tracked by Bloomberg are still bullish, with their average forecast for the S&P 500 at 4,982 by the end of the year compared with its Monday close of 4,410.13 -- but since the gauge narrowly escaped a correction on Monday, many market watchers are likely pondering their expectations.

Read more at: https://www.bloombergquint.com/markets/-head-fake-and-fed-put-potential-what-strategists-are-saying
Copyright ? BloombergQuint
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #10 on: January 25, 2022, 09:34:17 AM »
And about 3 minutes since opening DOW is down right at 340 points.

Nemo
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #11 on: January 25, 2022, 09:45:38 AM »
Observation from a old man sitting in his Lazy Boy watching the snow fall outside and sucking on a cup of joe.

2019 - The World Economic Forum, War-Games on what would happen if there was a global pandemic.
2021 - The World Economic Forum, War-Games on what would happen if there was a global economic breakdown. 

Interesting.
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #12 on: January 26, 2022, 11:30:56 AM »
Wednesday, January 26, 2022, at 1120 hrs. eastern; market is up ~200 points. Gold is also up a few bucks too.

Martin Armstrong predicted this morning, if the DJIA finishes the week south of 34,870 it will keep the market in a  "vulnerable position" which would probably trigger a large correction running its course February/March of this year.

As I have already reported, a hefty correction of lets say north of 20% generally brings on a recession.

Moving to trucking and the protest in Canada by truckers and spreading to the states. Here is an example of one Canadian trucker.

https://twitter.com/i/status/1482870012012597250

Who will blink first?  :popcorn:
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Offline DMCakhunter

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #13 on: January 26, 2022, 03:14:18 PM »
The Fed is keeping it's head in the sand and ignoring inflation.
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #14 on: January 27, 2022, 12:14:08 PM »
As of this writing the DJIA is up ~400 points today. Still below that 34,800 threshold though. Gold and silver are down with the most concerning is that Gold is down $25-.

It is really interesting what the American investing companies are doing to manipulate the markets as a whole. Probably no different than in past years or...Is it?

Just food for thought.
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #15 on: January 28, 2022, 02:14:05 PM »
Interesting, Gold has dropped $54- since Monday. With all of the crap going on, e.g. Russia, Inflation, Fed to raise rates, etc. Kind-a odd. DJIA up today around 240-points. Currently at 34,404. Still below Martin Armstrong's red line of 34,870. It will be interesting where we end up after 1600-hrs. eastern. Keep in mind that the futures market is a good tell-tale of Mondays opening.
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #16 on: January 29, 2022, 08:57:19 AM »
DJIA closed yesterday at 34,725. This came in under the 34, 870 threshold so according to Martin Armstrong, we can expect 10-weeks of "vulnerable positions". Stay tuned.... :popcorn:
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #17 on: February 22, 2022, 10:02:35 AM »
With the goings on over in Europe DJIA as of 1000 today.  Market opens at 0930 eastern time.

Nemo

https://www.marketwatch.com/investing/index/djia

Dow Jones Industrial Average
Last Updated: Feb 22, 2022 at 10:00 a.m. EST
33,947.60
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Offline JohnyMac

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #18 on: February 22, 2022, 12:37:07 PM »
The DJIA as I write is down today 275-points from Friday. Since when I started this post it is down ~3,000 pnts or 9%. 11 more points to go to classify this is a correction. A moderate 20% correction number is ~29,400.

Gold has broken the $1,900- ceiling and is currently bouncing between $1,905- and $1,915- an oz. Up ~$65- in a month or ~5%.

With O'Biden fumbling around in the White House and his handlers wanting a war to move our focus from the Fauci Virus drama death, Canada drama, US Peoples Convoy, and other global things to occupy your time, I can only suspect the market is right on track of my January 24th prediction (s).

Keep in mind the biggest buyers of the market are Europeans moving their EU stocks to US stocks. If this wasn't happening, which is boosting the US market to a degree, just think how much the market would be down.

Make sure that seat belt is tight as the turd rolling down the hill is getting bigger with every revolution. 

 
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #19 on: February 22, 2022, 05:16:01 PM »
DJIA close today.

Nemo


Quote
DOW JONES INDU AVERAGE NDX
(Dow Jones Global Indexes:INDU)
33,596.61
Delayed Data
As of 5:04pm ET
    -482.57 / -1.42%
Today?s Change
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Offline Nemo

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #20 on: April 22, 2022, 06:49:40 PM »
Down about 981 points today.  DJIA at 33811.  Worst day since 2020.  4th straight week with losses.  Per ABC News Tonight, broadcast about 5 minutes ago.

Reassess your portfoliios gents.  But if you have not done so already, you're likely a sore pup.

Nemo
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Offline pkveazey

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Re: DJIA - Down 5-Days In A Row - And So It Starts
« Reply #21 on: April 22, 2022, 08:33:12 PM »
I was checking the Spot Price of Silver today and they also show the stock market. US was negative, Europe market was negative, and the Asia market was negative. Hmmmmmm..... Silver was also down but that is understandable because the Spot price is based on the PAPER SILVER which is tied to the stock market. I'm not going to sell or trade even one piece of my PHYSICAL SILVER until things calm down.  :popcorn:
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