Warren Butter : Me  

Ultratechman : stop. please let's not do this.. just the day beforehand they were saying the us economy skipped any sort of recession.

Alex Wong Cian Yih OP Ultratechman : Hey Ultratechman,
Thanks for your comment. Here’s my perspective:
Despite the skepticism from Claudia Sahm and Jerome Powell, the Sahm Rule has a nearly perfect track record in predicting recessions. Historically, when the Sahm Rule exceeds 0.5%, the economy is either already in a recession or enters one very soon. This consistency makes it a reliable indicator, and I choose to trust it based on its past performance.
During the COVID-19 recession, officials were reluctant to acknowledge the downturn, labeling it as a "technical recession." Later, data and charts categorized it as a genuine recession. This shows that politicians often play with terminology to avoid admitting to a recession, especially around critical times like elections.
Given the upcoming U.S. elections in November 2024, it’s plausible that officials might delay acknowledging a recession to avoid political fallout. Current economic data suggests we might already be in a recession, despite official statements to the contrary.
I believe in the Sahm Rule's data over public statements due to its historical reliability. Time will tell if this analysis is correct, but for now, I trust the indicator.
Thanks for the discussion!
Best,
Alex

Ultratechman : I already figured they wouldn't cut them before election cuz things could get out of control but September is close enough. People are going to want to sell then switch positions and next day market goes the other direction forcing them to cut and follow new trend. this is how people lose money dumping their shares.  up and down but then after it's all over the general direction will always be up.  it could be a simple thing such as apple is too high bringing spy down everyone starts crying blood. plus I believe while market is in a correction fear driven bs gets pumped down our throats then next thing you know everything rallies again anyway where you were better off just holding original positions.

Alex Wong Cian Yih OP Ultratechman : Hi Ultratechman,
Thanks for sharing your thoughts. I just wanted to give a friendly reminder to be cautious about being overly optimistic right now.
Recently, we've seen significant market volatility. On August 2, 2024, the Dow Jones dropped by 1,000 points, and Japan's Nikkei Index plummeted by 2,000 points, signaling a collective global market downturn. The triggers included disappointing ISM manufacturing PMI, poor U.S. job data, and an unexpected rise in the unemployment rate to 4.3%.
Although the Federal Reserve hinted at a possible rate cut in September, this was initially seen as a positive signal by Wall Street. However, the sudden market crash shortly after suggests underlying issues. Historically, when the Sahm Rule exceeds 0.5%, as it did recently (now at 0.53%), it has consistently indicated a recession, regardless of official statements.
Moreover, notable investors like Warren Buffett have significantly reduced their positions in major stocks like Apple and Bank of America, signaling potential concerns about the market's direction. This aligns with historical patterns where market crashes often follow periods of excessive optimism and denial of underlying economic issues.
Given these indicators and the upcoming U.S. elections, it’s plausible that official narratives might downplay the severity of the situation. Therefore, I believe it’s prudent to stay cautious and prepared for potential downturns.
Best,
Alex

Ultratechman : he sold apple cuz he wanted to. it was high. Apple sucks anyway

Gan John : Is it going to crash?

OceansWave OP Gan John : I have no crystal ball.. but typically when interest rates are implemented, stock market will be weaker…

Gan John : Thankyou

73055714 : oh nice. can't wait to get to the point of getting deep in the money options not 0dte