BEAR Market is official as of May 20, 2022

[Melensdad]

We are officially in a "bear" market as of today. Stocks are continuing their slide downward.

Bank of America's analysis Michael Hartnett has become the most accurate forecaster and he is saying that the market will remain in a "bear" market until October of this year. DOW 3000 seems like it will probably happen, much to the 'buy and hold' investors chagrin.

Of course people who have been paying attention shifted to commodities early this year, many jumping on board at the start of the Ukraine invasion. Commodities investors seem to be doing very well while stock market investors seem to be racking up losses. Real estate seems mixed. Farm land seems pretty strong, but the housing marking is posed to take a dump.

Will Gold and Silver actually take off? Wheat, corn and soybeans seem to have a trend going this year.

What are you betting on?

 

[FrancSevin]

I ain't betting on silver which has been forecast to go up for over a decade.
Gold is mixed but solid.
I am a buy and hold on stocks and don't mess with commodities. Prolly should have, especially this year.

 

[300 H and H]

Back when Volker raised interest rates to an all time high it hit the stock market as well.
It was off for one year only.

But then again our nation had not created half the M1 money supply in a year and a half.

And back then we were not being led by a Buffoon either.

I already own commodities and farm land. Not all markets are losers thankfully.

Yes the housing market is in real danger as to many have reached too far.....

 

[m1west]

Starting to see folks putting toys up for sale, Motorhomes, boats etc. are generally the first thing to go. I am not sure if its the economy or inflation. But whatever it is people are starting to sell things.

 

[300 H and H]

Starting to see folks putting toys up for sale, Motorhomes, boats etc. are generally the first thing to go. I am not sure if its the economy or inflation. But whatever it is people are starting to sell things.

Soon it will be a Sunami of unnecessary "stuff" on the market.

Then it will be homes a businesses...

Gas, food and energy have all be targeted by the left as the means to destroy us so they can insert Socialize into our culture.

They need to make our lives a living hell to the point we will welcome Socialization/communism.

Desperate people make easy prey.

 

[m1west]

I have heard estimates of $12.00 gas and diesel by the end of the summer, but just read the Saudis plan to ramp up some. So we will see. I agree with all of the above.

 

[Melensdad]

I have heard estimates of $12.00 gas and diesel by the end of the summer, but just read the Saudis plan to ramp up some. So we will see. I agree with all of the above.

OPEC+ is increasing quotas by 50%. Those quotas are set on a per nation basis.

BUT

Several OPEC+ nations can barely meet their current output.

Only 2 nations have actual capacity to ramp up quickly to the 50% increased output. Saudi and the UAE. But once they hit their new quota they will not go over that quota.

The ACTUAL increase we will likely see coming from OPEC+ nations is probably about a 20% increase over the next several months.

But remember that Russian oil production is also down about 20% right now, and Russia relies on Western technology, Western experts and spare parts from the west to produce oil so it is likely their production will slowly sink over the next few months.

 

[Melensdad]

ALSO, while the OPEC+ nations did increase their quota 50% as outlined above (and mentioned last week), just today they dropped a little bombshell and RAISED their OIL PRICES.

Not sure how Joe will blame Putin for this???