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Wall St Continues to Bleed
thechatch
Member Posts: 6,298
in Tug Tavern
Down 3000 in 3 weeks.
Down 5300 for the year.
Little chance of the DJI gaining a single point in 2022 and a bottom out of 2500 isn’t out of the question before years end.
Don’t expect a rosey picture from the Fed Reserve tomorrow.
India market inflows surging
US housing market slowing to a crawl. 20M households now cannot pay mortgage due to inflationary pressures in utilities and HH goods.
But we aren’t in a recession….
Down 5300 for the year.
Little chance of the DJI gaining a single point in 2022 and a bottom out of 2500 isn’t out of the question before years end.
Don’t expect a rosey picture from the Fed Reserve tomorrow.
India market inflows surging
US housing market slowing to a crawl. 20M households now cannot pay mortgage due to inflationary pressures in utilities and HH goods.
But we aren’t in a recession….
Comments
Have not bought the dip because it keeps dipping.
Fed focused on tamping inflation means more rate hikes. But Joe, Nancy, and Chuck need the price of milk and eggs to come down ahead of the midterms.
Their voters aren’t investors anyway so fuck em.
The market here is going down. When the time is right we will invest.
If you would have sold your stock portfolio in 2009 and bought real estate you’d of had the benefit of a collapsed real estate market. But even still you would have missed 300% stock market growth in that time frame.(S&P) If you sell now maybe it’s near the bottom, maybe not, but one thing is certain, while real estate has softened some, there is no excitation of a 2008 type correction
Sounds like you’re trouble with the emotions of the ups and downs of the stock market
I am approaching a pre determined retirement you dumbass. We are taking 25% of our retirement income and we are going to invest in two rental homes. We will get $2500 to 4500 a month in rental income for each property. That is regardless of the stock market. We will pay down our 401K quickly and the rest is income to live on.
We will do it at the right time and make sure it is done with intelligence and foresight, something you clearly lack. For anyone reading this post, this asshole is a n immature idiot who likes to make himself feel good by accusing others of doing things they would never do.
Fucking idiot.
My view, and it’s just that, a view, is that the economy will be bigger in 10 year’s time. There will be a lot of up and down between now and then, but I’m long on the US economy.
Tech continues to print money. We have a correction happening and that may continue or get worse. Nobody knows. But long-term I like the US economy.
My uncle takes your approach and has done rentals for years.
Carnage.