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You think GAS is HIGH
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<blockquote data-quote="Veteran" data-source="post: 2562009" data-attributes="member: 118038"><p>The markets had a Bear market rally this last week off the 28000 and change lows from last week on the Dow. Back to 31,500 ish</p><p>now we will retest the 28,000 lows from last week and in my opinion bust them through to the downside again.</p><p>The indexes are only off about 20% so far. We are going to have at least a 30-40% drop from the 36,000 high on the Dow before this one is over. Fed has just gotten started. It got way behind inflation and left rates way too low, way too long. Now its gonna have to go to the moon like a rocket to get in front of inflation to crush it back. 3/4 point boost this month and likely next month too. We probably have to get to like 12% interest to cool 8-9% inflation. If you think its 11% inflation then 14%. </p><p>Eventually, this is 1982 all over again. Except hopefully we dont get to 21% interest like we did then.</p><p></p><p>Tighten seatbelts, get ready for airbag deployment. Biden and company driving us off the cliff.</p></blockquote><p></p>
[QUOTE="Veteran, post: 2562009, member: 118038"] The markets had a Bear market rally this last week off the 28000 and change lows from last week on the Dow. Back to 31,500 ish now we will retest the 28,000 lows from last week and in my opinion bust them through to the downside again. The indexes are only off about 20% so far. We are going to have at least a 30-40% drop from the 36,000 high on the Dow before this one is over. Fed has just gotten started. It got way behind inflation and left rates way too low, way too long. Now its gonna have to go to the moon like a rocket to get in front of inflation to crush it back. 3/4 point boost this month and likely next month too. We probably have to get to like 12% interest to cool 8-9% inflation. If you think its 11% inflation then 14%. Eventually, this is 1982 all over again. Except hopefully we dont get to 21% interest like we did then. Tighten seatbelts, get ready for airbag deployment. Biden and company driving us off the cliff. [/QUOTE]
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