Airline Pilot Central Forums>
Airline Pilot Forums>
Major
>
Register
FAQ
Advertising
Calendar
Today's Posts
Search
- Airline Pilot Central Forums
Major Legacy, National, and LCC
Closed ThreadSubscribe
Page 4 of 8
<
1
2
3
4
5
6
7
8
>
Thread Tools
Search this Thread
Turbosina
Gets Weekends Off
Joined APC: Aug 2015
Position: Guppy Gear Slinger
Posts: 1,969
The S&P is still up 8 percent for the year.
It's truly amazing how people react to one bad day in the market. All prior performance is ignored, in favor of panic over one entirely normal correction. And yet to read the headlines you'd think the world is coming to an end.
Human psychology is a funny thing.
Archiee
Line Holder
Thread Starter
Joined APC: Jul 2024
Posts: 34
Originally Posted by Turbosina
The S&P is still up 8 percent for the year.
It's truly amazing how people react to one bad day in the market. All prior performance is ignored, in favor of panic over one entirely normal correction. And yet to read the headlines you'd think the world is coming to an end.
Human psychology is a funny thing.
It's not just a bad day in the market we're talking about.
We're talking about unemployment data, credit card debt, inflation ect.
JulesWinfield
Gets Weekends Off
Joined APC: Jan 2018
Posts: 2,313
Originally Posted by Archiee
It's not just a bad day in the market we're talking about.
We're talking about unemployment data, credit card debt, inflation ect.
The only lever to pull is printing money. Well print our way out, deal with inflation, rinse and repeat. Its the global playbook since the GFC. Its because every country is levered up so much, they have to refinance the debt roughly every four years.
SSlow
Gets Weekends Off
Joined APC: Feb 2019
Position: baller, shot caller
Posts: 998
Originally Posted by Archiee
It's not just a bad day in the market we're talking about.
We're talking about unemployment data, credit card debt, inflation ect.
I personally believe that it's worse than what we are seeing, but the media is hiding a lot of it to protect the current administration from any further harm. That side is already hanging on by a thread, and ton of negative coverage about the economy would almost certainly be the nail in the coffin for their run to keep the WH.
IF Trump is elected then I fully expect a lot of olympic level gas lighting to try and get people to think that he somehow caused all of it since "hey look it's happening during his term..."
DeltaboundRedux
Gets Weekends Off
Joined APC: Nov 2020
Position: Enoch Powell Enthusiast
Posts: 2,244
Originally Posted by WhyIFly
After the economic boon of the last few years, the biggest problem that I have is where to keep all of my money. FDIC ony insures up to $250k per account, so I have had to open accounts at banks all over town. It is annoying. The worse part is when they accrue interest every month, that puts me past the $250k mark and I have to move money out of them! It is so annoying. Hopefully the interest rate will be cut soon so I stop making so much money on these accounts.
I love this post.
Tranquility
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,542
Threads like this make me chuckle.... You can almost smell where people are getting their financial news. On the network I choose, a stalwart reporter layed out 4 scenarios with different multiples and earnings-growth projections for the S&P. The short of it is best case we're trading now (S&P lower 5,000's) at a higher multiple and higher earnings growth end of the realm. Worst case, with lower earnings growth and lower multiple, we could be in the 3,800 range (that's with historical recessionary earnings growth and multiple)....
Trade as you wish...
Edit: 4-ish% unemployment and 2-ish% GDP growth is NOT recession territory...
Last edited by Tranquility; 08-05-2024 at 09:34 PM.
Turbosina
Gets Weekends Off
Joined APC: Aug 2015
Position: Guppy Gear Slinger
Posts: 1,969
Originally Posted by Archiee
It's not just a bad day in the market we're talking about.
We're talking about unemployment data, credit card debt, inflation ect.
Unemployment is slightly below what we would consider to be a healthy, normal, and even desired level.
Inflation has moderated significantly from the post-covid bubble and is in line with historical averages.
Same thing with credit card debt.
But the mass media has to generate revenue, and to do that, they have to generate clicks.. The more panic they can sow, the better it is for their bottom lines. Anyone who panic-sold their equity positions today is clueless enough to deserve those losses. Rational investors understand that this was a minor adjustment, and that (for example) the S&P could endure another significant string of losses before it would even be in negative territory for the year.
Closed ThreadSubscribe
Page 4 of 8
<
1
2
3
4
5
6
7
8
>
Thread
Thread Starter
Forum
Replies
Last Post
Guard Dude
Delta
201720
04-06-2022 06:59 AM
SWA may reject bailout?
Liketoflyjets
Southwest
102
04-08-2020 07:39 AM
Emirates Interview
Woofer
Foreign
275
06-20-2012 03:12 AM
FAA Safety Order for Bombardier Jets
Lbell911
Regional
8
08-30-2007 01:06 PM
Get rich slowly ...
SWAjet
Money Talk
12
12-10-2006 02:24 PM
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Rules