STOCK MARKET WATCH -- Monday, 2 May 2022

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 2 May 2022

Previous SMW:
SMW for 29 April 2022




AT THE CLOSING BELL ON 29 April 2022


Dow Jones 32,977.21 -939.18 (2.77%)
S&P 500 4,131.93 -155.57 (3.63%)
Nasdaq 12,334.64 -536.89 (4.17%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Call me spooked and worried

Everyone is looking for a bounce to sell into or go short. How do you develop a bounce from that scenario?

Two of my gurus agree we're headed lower, sharply, but the third still thinks any down move will be temporary and new highs will be seen before the end of the year. Hmmm.

I'm hurtin', but not as badly as March '20 covid crash or the Sep '19 burnout. I sold a couple things last week, and hope to pickup a couple shorts Monday.

The safe bet is margin calls for the leveraged.

This is all brought on by the Fed which chose growth at any cost over Fed positioning for the next recession and allowed 'Taper Tantrums' to influence their interest rate policy. And the biggest criticism I have is the Fed is supposed to be transparent, but they never, never, never addressed the consequences of ZIRP and its effect upon business, markets, and the economy. They knew early on - they HAD to know early on because many prominent analysts on Wall Street were public about it - that low interest rates would lead to distortions: too many business startups based on cheap money. They know the effects of cheap money. But they just lied their way through it. All the Fed chiefs bear responsibility, most of all Bernanke and Powell. Powell is as competent as Roberts.