Wall St Continues to Bleed

Kaepsknee

thechatch said:

Down 3000 in 3 weeks.

Down 5300 for the year.

Little chance of the DJI gaining a single point in 2022 and a bottom out of 2500 isn’t out of the question before years end.

Don’t expect a rosey picture from the Fed Reserve tomorrow.

India market inflows surging

US housing market slowing to a crawl. 20M households now cannot pay mortgage due to inflationary pressures in utilities and HH goods.

But we aren’t in a recession….

It’s a strange world we live in when Crypto is now More stable than the stock market.

Kaepsknee

Pro tip for those with folks in the household. Go for the IBonds. You can buy up to $10,000 per person in the household and up to $15,000 on one of them if you got $5,000 back on your Federal taxes. Or any amount up to that.

You’ll earn 9.5% for 6 months and then at least 6.5% the next 9 months. AND if you have any LLC, you can buy another $10,000 for each of those.

Also if you have trusted family and friends, you can gift each other as many, up to $10,000 bonds as you wish. All earning that same rate. Those are more restrictive in how you cash out. But you need to keep them for about 18 months to maximize the yield anyway. As when you cash out, you have to surrender 3 months of interest.

So basically you can earn just over 8% on a no risk bond. It’s free money.

thechatch

I bonds are a decent inflation hedge tbs