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BumRushDaShow

(165,109 posts)

2. The markets were WELL overdue for a correction

Reply to Bernardo de La Paz (Reply #1)

Fri Mar 14, 2025, 10:42 AM

Mar 2025

But the next time some tariff threat happens, the markets will erase their gains being made today (that is what happened yesterday when they were coming back and then the "200% tariff" nonsense got mentioned, and LOOK OUT BELOW)!

The Dow hit it's all time high on 12/4/24 - 45,014.04

That would mean needing a 4,500 drop for a 10% correction, which would take it to ~40,514, and it closed yesterday at 40,813.57, so it was about there.

There has been (understandably) more fuss made about corrections on the other exchanges that have way more stocks.

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Bernardo de La Paz

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Highlight:

Consumer sentiment sours amid trade war, recession fears: Survey [View all] BumRushDaShow Mar 2025 OP

Fell off a cliff. 64.7 in Feb, econs expected 64 in March, they got 57.6. That's a cliff Bernardo de La Paz Mar 2025 #1

The markets were WELL overdue for a correction BumRushDaShow Mar 2025 #2

12 month inflation expectation: from 4.3% to 4.9%, 5 year inflation expectation: from 3.5% to 3.9% (34 year high) progree Mar 2025 #3