The bottom

[lawgator1]

Dow closes at 30,630 today.

Are we at the bottom? I think we bounce tomorrow and maybe next week is slightly to the green overall.

But then I think it's downslope again for a bit. Bottom 28k? Predictions?

 

[McDad]

Dow closes at 30,630 today.

Are we at the bottom? I think we bounce tomorrow and maybe next week is slightly to the green overall.

But then I think it's downslope again for a bit. Bottom 28k? Predictions?

based off your historical accuracy, i'll take the opposite of your prediction.

 

[Majors]

Dow closes at 30,630 today.

Are we at the bottom? I think we bounce tomorrow and maybe next week is slightly to the green overall.

But then I think it's downslope again for a bit. Bottom 28k? Predictions?

Believe we will see 27-28K before we see 35K

 

[lawgator1]

Believe we will see 27-28K before we see 35K

Agreed.

 

[JOEY’S ALL VOL !!!]

With this administration ? There is no bottom and if there was they’d keep digging once they hit it. 24 is not out of the question at all.

 

[Majors]

Futures for tomorrow is at +81.00. Can go either way at that number.

 

[volfanhill]

Wherever the bottom is, expect a decade to crawl out of it. No matter whose running DC. I expect a decade of Japan style nothing

 

[Majors]

With this administration ? There is no bottom and if there was they’d keep digging once they hit it. 24 is not out of the question at all.

If we hit below 25.5 we might see Armageddon in the world.

 

[lawgator1]

Futures for tomorrow is at +81.00. Can go either way at that number.

81 is nothing. Could open ÷300 or - 300. And finish the opposite.

 

[Majors]

Wherever the bottom is, expect a decade to crawl out of it. No matter whose running DC. I expect a decade of Japan style nothing

Thinking the same thing if we hit 25.5 or lower. It’ll be a decade climb

 

[VOLS INC.]

Wherever the bottom is, expect a decade to crawl out of it. No matter whose running DC. I expect a decade of Japan style nothing

We agree here.
I wish we didn’t. But it is what it is.

 

[Majors]

81 is nothing. Could open ÷300 or - 300. And finish the opposite.

I just don’t anticipate a big day heading into the weekend. Hope I’m wrong

 

[Velo Vol]

Wherever the bottom is, expect a decade to crawl out of it.

Why?

 

[McDad]

Wherever the bottom is, expect a decade to crawl out of it. No matter whose running DC. I expect a decade of Japan style nothing

Oof.

 

[volfanhill]

Why?

Labor market is screwed. No short term fix. The truth is this country has usually had a labor shortage problem in its history. The exception in our history being the past 40 years. Primarily solved by woman entering the work force in mass. That's going to continually drive labor costs up. But that won't be a winner for the laborer bc inflation will be well north of 4% IMO for quite some time. The feds mandate is to keep it at 2%. They won't be able to. Super high interest rates, just to keep inflation from being out of control, will cause stagnant business growth and consumer borrowing.

 

[Velo Vol]

Labor market is screwed. No short term fix.

I don't buy that labor is a decade-long problem. But even if it is, there's an easy, quick fix--increase immigration.

 

[volfanhill]

I don't buy that labor is a decade-long problem. But even if it is, there's an easy, quick fix--increase immigration.

For low skilled jobs sure. You can not buy it all you want but that's the flip side of Covid. People died. People retired early. People decided working just to cover day care was dumb. It's been a huge shift. We haven't been making babies in a long time. Yes immigration can help. Political hot button issue. So it won't be part of the solution. We have a broken political discourse problem.

 

[lawgator1]

For low skilled jobs sure. You can not buy it all you want but that's the flip side of Covid. People died. People retired early. People decided working just to cover day care was dumb. It's been a huge shift. We haven't been making babies in a long time. Yes immigration can help. Political hot button issue. So it won't be part of the solution. We have a broken political discourse problem.

In my own experience a huge problem is the expectation amongst young professionals that the work from home model is just fine with employers.

Employers who are okay with that should be executed in painful ways because they are screwing over those of us who need people to f'Ing show up.

 

[volfanhill]

In my own experience a huge problem is the expectation amongst young professionals that the work from home model is just fine with employers.

Employers who are okay with that should be executed in painful ways because they are screwing over those of us who need people to f'Ing show up.

It's funny you say that. My wife has been working from home since Covid. She told me a few weeks ago her boss was insisting she come back to the office and was asking my advice. I advised she tell her boss she will come back to the office for a $20,000 raise. She really values being at home. She told her boss that. He said he would get back to her. He called a few days later and said you can work from home.

Always know your value and never back down from it

 

[Velo Vol]

For low skilled jobs sure. You can not buy it all you want but that's the flip side of Covid. People died. People retired early. People decided working just to cover day care was dumb. It's been a huge shift. We haven't been making babies in a long time. Yes immigration can help. Political hot button issue. So it won't be part of the solution. We have a broken political discourse problem.

Yes, and if your time frame was two or three years, you might be right. But a decade is a long time. On the flip side there will be more work from home, more automation, etc.

I'm old enough to remember (just a few years ago!) when there were all these articles about "What are we going to do with all the workers when automation takes their jobs?" What happened to that?

 

[KB5252]

In my own experience a huge problem is the expectation amongst young professionals that the work from home model is just fine with employers.

Employers who are okay with that should be executed in painful ways because they are screwing over those of us who need people to f'Ing show up.

There is some business where this makes very good sense. My wife's for instance. She has a very specific and in demand knowledge of a hot industry. She makes very good money for someone with no college degree.

About 1/3 of the people she works with/for work from home. Now we just hope she can work hard and get a promotion to make another 15 to 20 grand and I can stay home and run our rescue/farm full time.

 

[lawgator1]

It's funny you say that. My wife have been working from home since Covid. She told me a few weeks ago her boss was insisting she come back to the office and was asking my advice. I advised she tell her boss she will come back to the office for a $20,000 raise. She really values being at home. She told her boss that. He said he would get back to her. He called a few days later and said you can work from home.

Always know your value and never back down from it

I don't trust that they aren't watching Price is Right at 11.

 

[volfanhill]

Yes, and if your time frame was two or three years, you might be right. But a decade is a long time. On the flip side there will be more work from home, more automation, etc.

I'm old enough to remember (just a few years ago!) when there were all these articles about "What are we going to do with all the workers when automation takes their jobs?" What happened to that?

Automation never created a mass labor shortage. Covid did. One is speculation and the other reality. That's the difference

 

[volfanhill]

I don't trust that they aren't watching Price is Right at 11.

Me either. But the ball isn't in the employers court. All you can do is evaluate their results and value regardless of where/when they work.

 

[OrangeTsar]

Well, we have at least six more months of Democrat congressional spending and economic malfeasance and at least two and a half years of Presidential malpractice. We can still Fall quite a long way yet.