I saw GOOGL was down, but I haven't seen anything as to the reason on what's driving it down.
2022 Stock Market
- Thread starter BCClone
- Start date
I saw GOOGL was down, but I haven't seen anything as to the reason on what's driving it down.
Dreaming of what things will look like for the next two days with good news on inflation data.
I think I might start dollar cost averaging into this thing tomorrow. Feel like interest rate hikes are another headwind and one should keep powder dry for that time as well.
Just sell more corn if you need it, holy crap it has a rocket up its butt tonight.
Have to think we just knocked out a few rate hikes for this year as well with this weeks move.
Was reading earlier the initial invasion has been the low on stock market of the last 6-7 global conflicts. Maybe dabble a bit tomorrow as well.
The only corn I have left will be walked off the farm. I do have some beans around still.
Russia/Ukraine together account for about 15% of the world export market for corn and beans. If they can’t or won’t ship due to the war our US commodities get a lot more valuable.
I think the war drives energy higher, which drives inflation higher, which keeps pressure on for rate hikes. We will see.
Last edited:
I bought some back a little bit ago. Been looking for a couple weeks to trade off my half ton which is a complete pile of crap and get something that is just poor condition, I may splurge and get something that is just below average now.
Dont disagree... just depends whether or not Fed is going to let rate hikes be a tool to combat inflation or to not let the market fall out of bed. They've dug their own grave with this one by not being proactive sooner.
Fed totally boxed in now. Can't talk this thing back up as they've done over the past 10 years or so. And their members can't own stocks so they don't care now. Credibility crumbling. Will be great bargains on stocks for months to come if you're sitting on cash. Also on pickup trucks and large SUVS getting in the teens fuel economy.
Agree here. European countries would probably prefer to get their energy somewhere else than Russia right now, which would mean a shift in supply chains from other countries, leading to an increase in those prices.
Regarding overall inflation, I don't think the US imports much goods from Russia, so that affect on supply chains will be negligible at best; only affect would be what I said above. Shortages in the supply chain are due to Asian countries and getting goods (raw and finished) through American production and supply chain.
I think if the Fed was thinking a 0.5% hike, they may only do 0.25% now.
Think I will have to start driving my parts hauler back and forth since that gets 23 and the pickups are 14ish. Although the energy guys I know think this is probably peaking right now as the invasion is the high point generally.
