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Economy

Warpy

(113,131 posts)

3. The market has been hyperinflated for a long time

Reply to progree (Reply #2)

Thu Dec 15, 2022, 06:43 PM

Dec 2022

by QE, TFG's tax cut for the richest, and misused Covid relief funds that were supposed to go to wages and instead went to stocks.

Having it lose air slowly is a good thing unless you spent money you couldn't afford to spend at the top of the market because you thought it would go up forever.

Only half a point yesterday should have made investors giddy with joy but it panicked the panicky, as usual.

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STOCK MARKET WATCH -- Friday, 16 December 2022 [View all] Tansy_Gold Dec 2022 OP

Inflation (aka "The Grinch") stole the Santa Claus rally right out from under the tree! nt Shermann Dec 2022 #1

S&P 500, down 18.8% from all-time-high, and down 18.2% year-to-date progree Dec 2022 #2

The market has been hyperinflated for a long time Warpy Dec 2022 #3

I agree it's very much overvalued. progree Dec 2022 #4

Even with TFG;s massive cash infusions into it, it lasted longer than I thought it would Warpy Dec 2022 #5