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S&P 500 (^GSPC)

SNP - SNP Real Time Price. Currency in USD
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3,319.47-37.54 (-1.12%)
At close: 5:15PM EDT
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  • J
    Joemama630
    Has anyone checked lumber prices recently...? Home prices? Inflation is here, alive and well.

    While overall inflation is low, we have inflation and significant inflation in several industries - e.g. lumber has nearly doubled just recently. Food is up over 4% over the last 12 months... overall inflation is low partly because energy and travel industry prices have decreased significantly over the last 12 months.

    Perhaps the Fed is missing something here. If energy and travel prices start to rise, we could go well over 2% inflation quite fast.

    For example, if the US, Saudi's and the Russians stop fighting for market share and stop glutting and selling oil at a loss, inflation will be way over 2% and quite fast. And the US oil industry might actually survive this market share fight. US oil (and other nations) companies are struggling at best at the moment... largely due to COVID as fewer people are taking vacations and more are working from home. Think about the travel and tourism industries... prices are way down due to over supply and super low demand.
  • M
    Mark
    never seen Fed declaring weak economy for the next 3 years, and stock market trading near all-time hi, unbelievable
  • C
    Colin
    Federal Reserve just admitted we are in a massive recession. And this one will last 2 to 3 years at minimum.
  • J
    Jon
    The last 4 years have been about throwing everything at the stock market to make the numbers look good.
    Bearish
  • U
    US Stocks will COLLAPSE
    Every single day the same NO VOLUME Artificial Stock Price PUMPING by the Government.
    The US Government is the ONLY BUYER for the US Stocks at these PEAKED prices right now!
    However, current MEGA BUBBLE in the US Stock Market is NOT SUSTAINABLE!!!
    Bearish
  • A
    Andy
    support line from Feb 21 (the last day before the market really began crashing) has been broken
    Bearish
  • s
    shuriken
    Actually how keeping rates low is a good news? It only proves that the economy is in deep trouble and no sign of growth even recovery until 2023. Obviously the bubble grows on.
  • A
    Alex
    2nd leg down... lost 3325 support, downtrend confirmed. Next stopping point $3230
  • C
    Colin
    And the daily melt up continues via Blackstone and Fed buying up futures. Sad that people can't see the manipulation going on
  • M
    Michael
    CDC: vaccines unlikely before Q3 2021

    Fox: stimulus deal unlikely before Election Day
    Bearish
  • J
    Joemama630
    I actually believe S&P will drop to the mid-teens-ish before this is all over.

    Note that the last recession (which officially got started in late 06/early 07), it wasn't until late 07 before the market peak was realized... and then it took markets 1.5 years to go from the high to the low (Oct 2007 to March 2009) with a 55%-ish drop.

    The previous dot-bomb recession started in March 2000 and there was a bit of a sell off then but the last peak didn't hit until August of 2000. Also, from Aug 2000 it took over 2 years from that last market peak to the low with 45%-ish drop.

    If we go 50% from the high, we looking at S&P at 1750-ish... and we're looking at early/mid 2022 before we hit market lows.

    With PE's approximately 100% over long term averages, a 50% drop would be re-inforced. That said, the full impact on corporate earning won't be realized for a while... the full force of the economic recession is not even close to being realized ... which we will likely see between Q221 - Q421, meaning we have a fairly long road ahead of us. That again suggests that the market lows might not be seen until early/mid 22 as the market lags the economy - which I know some will argue with... And we can't ignore the dot-bomb recession where the economy was well into recovery when the markets finally hit bottom. Different circumstances perhaps ... but we have a tech rally right now that is largely unsupported with PE's running high even for tech.

    So... where and when it stops nobody knows. While the similarities in market behavior are quite interesting... the past is not a predictor of the future... especially in the stock markets. Yet, I think it is wise to consider the similarities in previous recessions as, while computer trading plays a roll in day to day trading, human behavior is really what is happening here over the long run ... and with humans, the past tends to repeat.
  • B
    Bruce
    Portfolio re-balances will impact the market in a huge, negative way going to the end of 3QTR..... Funds will take and secure the increases from the large rebound from the Covid hit in the early part of 2020. This will be needed as growth worldwide is at a dismal or shrinking level... Buy SPXU, major short of the S&P.... These opportunities are rare... SHORT NOW. only $9..... Going to 30-50 bucks .......
  • J
    Jon
    So how long does everyone think this recession will last? Any ideas? 2008 was pretty long, historically.
  • B
    Bruce
    Buy short on the S&P, SPXU... I expect this $9 stock to be at $30-$50 before Thanksgiving. The big collapse in the markets are coming soon, in October probably..... There IS NO job growth and the jobs are NOT coming back as needed. S&P goes down, SPXU goes up, and it's going WAY up.
  • C
    Corona Hoax to PUMP Stock prices
    It is hard to believe that someone is chasing US Stocks in this MEGA BUBBLE!
    Enjoy ARTIFICIAL PARABOLIC Stock Price PUMPING by the US Government, enjoy Free Capital Gains without working, while the Economy is COLLAPSING!
    US Stock Market is a FRAUDULENT PONZI SCHEME!
    All US Stock buyers are "GET QUICK RICH" Dreamers, who has NO IDEA about fundamentals...
    Bearish
  • J
    Ji
    Sell now... before it’s too late. Nasdaq 1 month low... s&p broke sep 11 low
  • U
    US Stocks are TULIP MANIA BUBBLE
    "It is impossible to develop vaccine against Coronavirus."
    Coronavirus is just a regular flue, nothing more. The US Government is exaggerating Coronavirus via media to use this virus as excuse to PRINT more money and giveaway them in the form of Capital Gains by PUMPING the US Stock BUBBLE!
    All US sourced Vaccine news are fake and designed to PUMP the US Stock prices for quick Capital Gains...
    The US Government's plan is to inject long-term diseases via these harmful "vaccines".
    https://www.businessinsider.com/coronavirus-vaccine-may-be-impossible-to-produce-scientists-covid-2020-4?r=DE&IR=T
    No vaccine for any other form of coronavirus has ever been approved for use, leading some scientists to fear none will be found for COVID-19 either.
    No vaccine for any other form of coronavirus has ever been approved for use, leading some scientists to fear none will be found for COVID-19 either.
    www.businessinsider.com
    Bearish
  • e
    ellen
    Can you hear it? It’s the sound of whistling past the graveyard. We are all beaten by Covid precautions and trying to understand the macro effect on the economy, we have anxiety that Mother Nature is indifferent to us and it seems nobody is flying the plane in Washington. And, lord, how we try to rationalize the narrow leadership in the market. The average stock in the S & P is down 3% year to date. It is never different any time, the laws of greed and fear have not been revoked. If you are having fun, you are not a serious investor. Balance your portfolio now to accommodate how much money you are willing to lose. Of course, you can only lose money if you are forced to sell, make sure that doesn’t happen. And be prepared for election disharmony. This is your mother speaking.
  • A
    Andy
    there's a certain level of support that goes back to the level from February 21 (the last day before it really started rolling downhill)...once that level is broken, I suspect history repeats again....one way or another the market is due for a correction that resembles what the entire world is going through today..
    Bearish
  • A
    Andy
    The month of Septimberrr
    Bearish