Thread: Valkyrie's Account Talk

will s/p bottom be 3000-3200?

I've got my eye on the 3400 area but you may be right.

With the S&P 500 down 21% year-to-date, the situation for stocks is pretty grim — but according to legendary investor Jim Rogers, it’s just the start.
“This has to be the worst bear market in my lifetime, which means it will go down a lot and it will last a long time,” the 79-year-old told ET Now earlier this month.
If you are looking for a safe haven, Rogers says “there is no such thing as safe” in the world of investments. Still, the multimillionaire points to two assets that could help you withstand the upcoming onslaught.

“I'm not buying them now, because in a big collapse, everything goes down. But I probably will buy more silver when it goes down some more.”
Silver is widely used in the production of solar panels and is a critical component in many vehicles’ electrical control units. Rising industrial demand, in addition to its usefulness as a hedge, makes silver in particular a compelling asset for investors.
https://finance.yahoo.com/news/jim-r...220000086.html

Originally Posted by Valkyrie

With the S&P 500 down 21% year-to-date, the situation for stocks is pretty grim — but according to legendary investor Jim Rogers, it’s just the start.

Unfortunately Jim Rogers has been one of those broken clock investors (eventually right) in that he has been bearish for 20+ years. Eventually these guys are right, but they get notoriety by viewing clips of the stating their bearishness before the drop, but he made similar calls in Sept 2017 and April 2020.

Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market in a ‘lifetime’
Published: Sept. 25, 2017 at 4:49 a.m. ET

https://www.marketwatch.com/story/ji...ver-2017-09-21


Jim Rogers expects ‘worst bear market in my lifetime’ in coming years
BloombergLast Updated: Apr 02, 2020, 12:08 AM IST

https://economictimes.indiatimes.com...w/74924243.cms

I know nothing about Jim Rogers or even who he is, but I was watching Kudlow yesterday with Charles Payne. Charles (to me) seems to be very knowledgeable and level headed, and has a good grasp on Market history and situations. I trust what he says.
He said at the 6:15 minute mark of the vid below: "I think stocks are somewhat vulnerable obviously to the downside, but I'm telling you, we're gonna get a CPI Report that's gonna be So Shocking to the Downside....... " He then continues with his thoughts.
He must feel that there's some serious Pain coming our way.
He's a great guest and this is a good segment. Just over 7 minutes long. Good stuff.

Originally Posted by Epic

Charles Payne. "I think stocks are somewhat vulnerable obviously to the downside, but I'm telling you, we're gonna get a CPI Report that's gonna be So Shocking to the Downside....... " He then continues with his thoughts.

Hmm, I can't tell what he meant by the CPI report being on the "downside." Higher than expected, or lower than expected, because then he talks about housing stalling which may mean prices falling.

It sounds like he may be more worried about the economy slowing than inflation, but I think he could have been more clear. keep'em guessing, I guess.

Originally Posted by tsptalk

Hmm, I can't tell what he meant by the CPI report being on the "downside." Higher than expected, or lower than expected, because then he talks about housing stalling which may mean prices falling.

It sounds like he may be more worried about the economy slowing than inflation, but I think he could have been more clear. keep'em guessing, I guess.

I don't know.... All I can say is that my simple-minded interpretation of that statement he made was that he was expecting a future CPI Report to shock the Market into falling like a ton of bricks to the downside. At least that's what I got out of it.
I could be totally wrong, but that's what it sounded like to me . . . . . .

lets see if the new OPM site is just as bad as the blackrock controlled TSP site.

On May 26, 2022, OPM went live with Login.gov as the official login and
authentication method for Services Online (https://www.servicesonline.opm.gov).
Benefits of this new service include:

* Improved security of your online account using multi-factor
authentication,

* No need to remember your old Services Online CSA/CSF claim number
or password once your account is registered and remains active,

* Reset your password online without having to call the Retirement
Information Office

If you haven't already registered your Services
Online account with Login.gov please take the opportunity to do so.
Detailed instructions may be found in the following document Linking
your Services Online Account with Login.gov (opm.gov) at
https://www.opm.gov/support/retireme...king-guide.pdf.
RS recommends that you print or have readily available these
step-by-step instructions to follow when first registering your account.

If you have additional questions regarding this change, please visit our
Services Online/Login.gov Frequently Asked Questions at
https://www.opm.gov/support/retireme...-and-logingov/.

Worked fairly easily. I all ready had a login.gov account for some other .gov account but IIRC creating that account was not easy.

PO

The Fed has never hiked rates during a recession, expect stock markets to fall another 50%

https://www.kitco.com/news/2022-08-2...a-Horwitz.html

Grantham, who has repeatedly warned investors of a bubble in markets, said in a paper Wednesday that “superbubbles are events unlike any others” and share some common features.
“One of those features is the bear-market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst,” said Grantham. “This, in all three previous cases, recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer’s rally has so far perfectly fit the pattern.”

Fed Chair Jerome Powell recently ended that rally with his Aug. 26 speech at the Jackson Hole, Wyo., economic symposium, wiping out this month’s gains

https://www.marketwatch.com/story/pr...?mod=home-page