Financial topics

[Tom Mazanec]

Market Summary
>
Dow Jones Industrial Average
28,725.51
−500.10 (1.71%)today
Sep 30, 4:07 PM EDT • Disclaimer
https://www.google.com/search?client=av ... 4&ie=UTF-8

However, the Nov 2017 DJIA was 29,151.09 when corrected for inflation:
https://www.macrotrends.net/1319/dow-jo ... ical-chart

Almost half a decade of Bull Market through last year gone.

[Higgenbotham]

Apple Fires Executive After He Makes Crude Remark on TikTok

The executive, who worked in procurement, was reportedly key in striking deals with parts suppliers.


A longtime Apple executive involved with the company's procurement efforts has been fired following a crude comment he made to a popular TikTok interviewer earlier this month, according to a report by Bloomberg.

The TikTok star, Daniel Mac, recorded himself approaching the Apple executive, Tony Blevins, who was driving an expensive Mercedes-Benz. When Blevins was asked what does for a living, he didn't mention his work at Apple but responded that he plays golf and fondles women. The 25-second video, posted to Mac's 13 million followers, has been viewed more than 1.3 million times.

Apple didn't immediately respond to a request for comment, but the company told Bloomberg that Blevins was leaving the company. Blevins also reportedly apologized for his vulgar remarks.

The move marks a high-profile example where Apple's leadership has stepped in to prove its commitment to stamping out bad behavior and supporting diversity.

https://www.cnet.com/tech/apple-fires-e ... on-tiktok/

Blevins was clearly parodying an already outrageous fictional character, but that doesn’t matter. A scold mentality has infested corporate America, turning us into tattletale, PC robots more interested in unearthing microaggressions than doing an effective job.

Perhaps one can argue that Blevins’ great blunder was simply participating and being playful. And maybe that’s true. But we are given mixed messages from our cultural overlords about what is and isn’t kosher. On Apple TV+’s “Gutsy,” Hillary Clinton interviews rapper Megan Thee Stallion about her orifice opus “WAP” and gives her the deference she would a head of state.

We praise the libertines one day and yell at others to be prudes the next. The pearl-clutching is schizophrenic at best.

Humor used to be a uniting and essential force in our society — a salve soothing over our rough differences. As the great Joan Rivers once said, “If we didn’t laugh, where the hell would we all be?”

Sadly, we have the answer in 2022: We are infantilized adults living in a romper room simulation.

And as we increasingly capitulate to this mentality, we are also voluntarily dragging ourselves into the loser bracket.

https://nypost.com/2022/09/30/the-pc-lu ... ping-down/

[richard5za]

CRASH TRACK: In theory now that the S&P 500 has broken below the June low, the possibility of a crash (along the lines of 1929) is still on track.

[jcsok]

https://www.zerohedge.com/markets/2023- ... down-tubes

interview with Martin Armstrong, worth listening to in entirety.

[Cool Breeze]

CRASH TRACK: In theory now that the S&P 500 has broken below the June low, the possibility of a crash (along the lines of 1929) is still on track.

Rebounding huge today, I can see a buying spree into December, then January it comes crashing down.

[Phong Tran]

Found this interesting video about Hurst Cycles.

Never heard of it before but the cycles for the next couple market troughs are similar to my own thinking, late October to early November for the end of Wave 1 of III and March 2023 for the possible III of 3. The theory seems to think that the next bear market rally would be sharper and may not last through all of November and December.

The Next 20 Weeks - S&P 500 - Hurst Cycles Market Update - 3 October 2022 - SentientTraderVideo
https://www.youtube.com/watch?v=l88ILMz1B_Q

[danielwest]

After several years of warnings on the Generational Dynamics web
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Discuss them here.

Sincerely,

John

John J. Xenakis
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.GenerationalDynamics.com/forum

After visited almost thousand of blogs related to generational queries I also found your article amaze and I am very thankful to you for sharing this post here...

[vincecate]

We had a couple months where gas prices at the pump went down and that helped keep inflation in check.
In Sept gas prices ended the month about where they started. So gas is not compensating for other rising
prices anymore. Could be bad for CPI.

https://ycharts.com/indicators/us_gas_price

[Higgenbotham]

Now I will be watching for a possible move higher for a few days before a bigger move down after the first week in October.

Right now I think about what would be a conservative amount to trade, then I cut that in half.

This morning I'm starting to short into the rally. Slowly.

[Tom Mazanec]

This stock market strategist says the coming recession could be the biggest ever. 'I recommend prayer.'
https://www.morningstar.com/news/market ... end-prayer