Wall St Continues to Bleed
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
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As do I
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No recession. Did you see the jobs report? You're using old thinking.thechatch said: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…. -
Sold off all of my stocks, save for my O'Reilly's stock which is up on the year, in late-December or early-January and have been sitting tight.
Have not bought the dip because it keeps dipping. -
Down another 100 points this morning.
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.
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Putin.thechatch said:Down another 100 points this morning.
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. -
We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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Aren’t we all just supposed to buy the dip?
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Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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Herr Dazzler bought the dip 2500 points ago.Bob_C said:Aren’t we all just supposed to buy the dip?
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Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
The market here is going down. When the time is right we will invest. -
I'm in Tulips now
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You’re probably old enough to remember the first time this was triedRaceBannon said:I'm in Tulips now
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Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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 -
It's gonna drop a lot more.
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Agreed, probably another 20-25%.Sledog said:It's gonna drop a lot more.
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I need stalk tips from genius Hhusky to buy the dip
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He bought more today tooMikeDamone said:
Herr Dazzler bought the dip 2500 points ago.Bob_C said:Aren’t we all just supposed to buy the dip?
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Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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.
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Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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. -
Dow taking a 750 point bath this morning.
Carnage. -
Inflation only 8.3 percent
So much winning -
-870 heading into midday trading.
I guess Wall St doesn’t care whether or not everything is Putin’s fault…. -
Rollercoaster, of love
(Say what)
Rollercoaster,
(ha ha)
Whoo, whoo, whoo
Rollercoaster...................... -
Yup, and premium is ONLY $4.62/gal. now!RaceBannon said:Inflation only 8.3 percent
So much winning
So GD much winning I can hardly stand it.
Trump was right.
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HH is buying the 50th dip of the year.
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Inflation really jumped in April 2021 to 4.2%. It was between 5-5.4% in May- Aug 2021. So the 8.3% is now stacked on top of those 5% numbers. If you make the 5% the standard 2% that we generally have had the last 5 years, you are effectively at a real +11% vs where we should be. The rate going down the last two months is effectively because the comparable periods are now higher.RaceBannon said:
And that’s before CPI calculation is totally bullshit as we know. -
Yeah, I have been long on the economy for 40 years and it has served me well. I too believe the economy will continue to grow. My issues are retirement. I am not there yet but I have watched as the government has taken more and more away from my SS benefits over the years and it is not to be trusted. I am not going to work until I am 70.creepycoug said:
Do mean that you are borrowing from 401-k?Bendintheriver said:
Can you be a bigger dick? I have no idea how old you are. I am guessing 16.MikeDamone said:
Not what I do, but sounds like your approach.Bendintheriver said:
Is that what you do? If so stop being stupid.MikeDamone said:
Sell low buy high. Good strategyBendintheriver said:We are going to take one of the 401K's and invest in real estate. Enough of this roller coaster ride when rats are in charge. Biden is not doing one thing to strengthen our country or economy and I don't want to be dependent upon a global economy run by despots who would like nothing more than to see us crash and burn.
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.
The portfolios for most after 2008 and 2000 took a decade to recover from and for many that meant just catching up to 1999 levels. I have friends and relatives who were forced to go back to work. I don't want that to be me. Where I live you can make $75K + a year on rental income. Another crash and I will lose 5X that amount in a week in my 401k and I could be looking at 70+ until I get it back. Hence the investment in rental homes. My neighbor owns 5 here on the island and lets just say he doesn't worry about much, including what happens to his 401K portfolio. His retirement is his property investment portfolio. Trips to Europe every Spring, a vacation home in San Diego, all paid for by property ownership which he started by just buying one and growing from there.
Speaking of SS, I have maxed out my ss taxes every year for 35 years. I used to be done paying in by the end of August. Currently the max benefit is like $3890. The average SS recipient takes home just over half of that amount. What a rip off for every single person who relies upon that Ponzi scheme. The middle class could have put that in a self guided 401K and would be receiving over $7500 a month.
Socialism is a bad egg that actually hurts the poor and middle class.
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That's what it was last month. So it's actually zero. Let me repeat that. ZERO. Not a joke. zero.RaceBannon said:Inflation only 8.3 percent
So much winning -
In other words:MikeDamone said:
That's what it was last month. So it's actually zero. Let me repeat that. ZERO. Not a joke. zero.RaceBannon said:Inflation only 8.3 percent
So much winning
Cuog is undefeated this month too. But they're still Cuog until they're not.
