Does anyone have any insights into this? Who is behind this?
I am just some guy posting on the internet so take this with a lot of salt...
I bought shares of a junior silver miner on the recommendation of someone involved in the industry. Oroco Resources ticker symbol ORRCF. I paid .19 per share. This is the first penny stock I have ever bought in my life. Due with this information as you wish.
The bottom is definitely not here until unemployment rates rise and housing prices drop to reasonable levels.The market is down again today in a bad way. DIJA down 3.5% right now, NASDAQ 4.7%???
The price declines continue. Some were predicting a bounce, even a bear rally, but after yesterday's day slightly up, we continue the drop.
Good point. Target dropped 25% and is now $160. However, in Dec. 2019 before the plandemic it was $125. There is still a lot more room to fall.The Fed has tightened its asset purchasing policies, but they haven't said that they will stop it. I still think we are in an asset inflation situation with a speed bump. If you compare most stock prices with February 2020 we're generally still dramatically higher.
We probably should start a new thread "2022-23 recession" or something like that.
From what I'm reading, the negative quarterly reports from Walmart yesterday and Target today is what caused the nosedive today. Both companies said that supply chain issues and the greatly increased price of transportation (fuel) were the main contributors to their unexpected declines. If inflation, especially on fuel and energy, continues at pace, then it seems to me that we're likely to see more market downturns over the next year or so, perhaps into recessionary territory.