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Picture of grumpy1
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Another .75 interest rate hike today. Money market funds will be yielding 3 percent very soon and possibly 4.5 percent by end of the year. Mortgage rates over 6 percent now. Market did not like Powells comments and down again. Going to be bumpy ride for who knows how long.

https://www.reuters.com/market...al-banks-2022-09-21/


“When the people find that they can vote themselves money that will herald the end of the republic.”
― Benjamin Franklin
"The problem with socialism is that eventually you run out of other people's money."
― Margaret Thatcher
 
Posts: 9469 | Location: Northern Illinois | Registered: March 20, 2009Reply With QuoteReport This Post
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Picture of downtownv
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quote:
Originally posted by RichardC:
quote:
Originally posted by ZSMICHAEL:
Nothing new here. We are in a recession and will get through it like all the others. Thank the Democrats for this one.


"Democrats"?

Look at The Fed, Uni-Party Congress, Uni-Party .Senate and the Executive branch over the last many decades.

And look at Venezuela as an indicator. We'll 'get through it'alright, but we won't like what is on the other end.


This ^^^^^


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Posts: 7912 | Location: 18 miles long, 6 Miles at Sea | Registered: January 22, 2012Reply With QuoteReport This Post
Shall Not Be Infringed
Picture of nhracecraft
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quote:
Originally posted by nhracecraft:
^^^The low in mid-June could be stratospheric compared to what's likely on the horizon... Wink

And here we are, back at the 'Ides of June'...


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Posts: 6206 | Location: New Hampshire | Registered: October 29, 2011Reply With QuoteReport This Post
Experienced Slacker
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You probably noticed everything dropped significantly yesterday. Biggest factor was the FED rate hike on Wednesday I guess.

We'll see what happens next, as always.
 
Posts: 7023 | Registered: May 12, 2004Reply With QuoteReport This Post
Fighting the good fight
Picture of RogueJSK
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I just checked, and my Roth IRA, which is invested in a 4 fund blend of Vanguard index funds, is down 23% since 1/1/2022.

Luckily, I'm still at least 22 years away from needing to draw on it.
 
Posts: 29432 | Location: Northwest Arkansas | Registered: January 06, 2008Reply With QuoteReport This Post
Green grass and
high tides
Picture of old rugged cross
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They cannot prop the house of cards up forever. When those in charge have bilked all they can from ordinary folks the house of cards will come down. Whether that is now or sometime in the not to distant future it is coming sooner than later.



"Practice like you want to play in the game"
 
Posts: 17592 | Registered: September 21, 2005Reply With QuoteReport This Post
Staring back
from the abyss
Picture of Gustofer
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quote:
Originally posted by old rugged cross:
Whether that is now or sometime in the not to distant future it is coming sooner than later.

I predict under 20,000 by the end of next year.


________________________________________________________"Great danger lies in the notion that we can reason with evil." Doug Patton.
 
Posts: 17986 | Location: Montana | Registered: November 01, 2010Reply With QuoteReport This Post
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Things will improve.

This message has been edited. Last edited by: Hay2bale,


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Dances with Crabgrass
 
Posts: 2102 | Location: East Virginia | Registered: October 12, 2009Reply With QuoteReport This Post
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