Ask for a raise or stay poor, I don't know or care.according to mist there isnt inflation, only corporate greed
Ask for a raise or stay poor, I don't know or care.according to mist there isnt inflation, only corporate greed
Love me some perma bear Zog posts![]()
Monday will be a tell. A ton of options call gamma dropped today.Hmm, I wonder how much further this rally goes for the indexes? SPY looks like we're close to the 200DMA right now. Resistance is up just below the 100DMA which is 451 and 454 respectively. QQQ meanwhile ran into the 50DMA today, and the 200D is at 367 with the resistance line being basically right there with it.
I'd be extremely happy to get back to 367 QQQ, but I highly doubt there is enough momentum to keep us at that level (or climb past it again) for the next few months. In other words, I'm guessing this is a temporary relief rally and not a sign that negative sentiment in the market is over for the next few months. This would continue the theory that we're 'mirroring 2018'.
Then again, this time last year is when everything pretty much went off to the races for 7 months straight. Who knows?
QueueBlazin to come and correct me here
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When EF Blazin talks... People listen.
Only boomers will get this.
I think normal people are just starting to notice inflation. I’ve heard a ton of people talking about it the past month or so, and not just “I heard inflations bad” like the past six months but how much their gas cost that week, how much their groceries went up, how it cost them $30 for lunch at five guys for two people. When people start noticing shitty fast food seems expensive they start to cut it. I’m guessing RV sales have taken a shit recently? Or will soon if not.March and April are notoriously shit months for restaraunts. You get that mid February bump from v-day and then it's shit until May.
You can't just look at one year's worth of data, and you can't compare to the past 2 years either, so you need to look at average monthly restaurant spending from say 2013-2019 for comparison.
7.9% average according to these numbers, for whatever they're worth. 13% on meat and eggs. Feels like more than that at the register and in LA restaurant prices are up at least 10-15%.It's crazy to me people haven't noticed inflation in food. Didn't they just say year over year it's up 24%? That's not a small amount. And it hits groceries and eating out, so it's not like you're avoiding it somehow.
Now think how much wealth has been missed by all those people in those time/age funds telling them to put x into bonds because of their age.The aforementioned bond fund that my dad switched to in 2008 has returned 1.68% a year since then.![]()
Its only a month or two ago I was getting kicked off other forums for mentioning inflation. They said it was "too political" and asked me for sources. lol. "Its not really inflation, its just supply chain issues!" they said.I think normal people are just starting to notice inflation. I’ve heard a ton of people talking about it the past month or so, and not just “I heard inflations bad” like the past six months but how much their gas cost that week, how much their groceries went up, how it cost them $30 for lunch at five guys for two people. When people start noticing shitty fast food seems expensive they start to cut it. I’m guessing RV sales have taken a shit recently? Or will soon if not.
Yeah the steak price increases have made my Atkins diet a bit painful.At least ribeye/New York strip is finally coming down in my neck of the woods, it's mostly back to pre-pandemic prices, until summer cookouts at least.
Don't forget to check bulk meat prices. Ribeye went to like 15$ a pound here, while Prime rib (essentially the same cut) was rocking 6.99$ at the same time. I just said fuck it and bought a whole prime rib... they didn't have anyone authorized to cut the thing working at the store because of staffing shortages, lol. 100$ for 18 lbs of ribeye. Not bad.At least ribeye/New York strip is finally coming down in my neck of the woods, it's mostly back to pre-pandemic prices, until summer cookouts at least.