71
submitted 1 year ago by Evilphd666@hexbear.net to c/news@hexbear.net
  • The Dow Jones Industrial Average just saw a "death cross" that's regarded as a bearish signal.

  • The formation involves a short-term moving average falling below a longer-term one.

  • The last time a death cross struck was in March 2022. The Dow then fell 12% over a six-month period.

My health insurance just jumped 10% - THANKS GENOCIDE JOE! Bidenomics is really winning here! Real FDR biden-leftist Maost progressive Dem!

Then you have Turbo maybe-later-honey like biaoqing-copium David Copium-man desperately trying to gaslight everyone this-is-fine

you are viewing a single comment's thread
view the rest of the comments
[-] SacredExcrement@hexbear.net 8 points 1 year ago* (last edited 1 year ago)

Yes. One of those people. Michael Burry, has been consistently wrong since then despite having what was a sound model for predicting that particular recession.

To give a specific example of data analysis failing, back in late 2022, the 30 day moving average for the S&P 500 exceeded the 10 day moving average; the only other times in recent decades where that has happened, it was in 2001 prior to the dotcom bubble bursting and in 2008 prior to the mortgage bubble bursting

But nothing like that has happened (yet?)

this post was submitted on 15 Nov 2023
71 points (100.0% liked)

news

23532 readers
624 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS