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Wall St Continues to Bleed

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Comments

  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    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….

    It’s a strange world we live in when Crypto is now More stable than the stock market.

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  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    Pro tip for those with folks in the household. Go for the IBonds. You can buy up to $10,000 per person in the household and up to $15,000 on one of them if you got $5,000 back on your Federal taxes. Or any amount up to that.

    You’ll earn 9.5% for 6 months and then at least 6.5% the next 9 months. AND if you have any LLC, you can buy another $10,000 for each of those.

    Also if you have trusted family and friends, you can gift each other as many, up to $10,000 bonds as you wish. All earning that same rate. Those are more restrictive in how you cash out. But you need to keep them for about 18 months to maximize the yield anyway. As when you cash out, you have to surrender 3 months of interest.

    So basically you can earn just over 8% on a no risk bond. It’s free money.
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  • thechatch
    thechatch Member Posts: 7,492 Standard Supporter
    I bonds are a decent inflation hedge tbs
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  • thechatch
    thechatch Member Posts: 7,492 Standard Supporter

    Dow down 1,500 early am.

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  • EverettChris
    EverettChris Member Posts: 8,618 Standard Supporter
    https://hardcorehusky.com/discussion/comment/2064294#Comment_2064294

    Oil down ~ $5.50/barrel domestically on the two major indexes which isn’t a great thing because the drilling takes a year to produce large pumps/wells.

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  • thechatch
    thechatch Member Posts: 7,492 Standard Supporter

    Good thing I’m not retiring this year.

    I’ll be a big buyer when I see a 6wk growth trend in Q4

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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,605 Founders Club
    image.png

    That's the thing. If a boomer invested in prime earning years they can withstand a lot. If you aren't retiring today you ride it out same as always

    I remember in 05 I turned to my wife after our 3-2 stick frame house was appraised and saying - this shit can't last. Housing is going to crash

    Nothing just keeps going up forever. The elites have pulled every trick in the book to keep this scam going

    Short term pain long term gain. The adults in the room

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  • thechatch
    thechatch Member Posts: 7,492 Standard Supporter

    ^Yep.


    I’ve got about a 10-15 year runway left on my prime earning years before I’ll probably step down/sell my equity and slide into a consulting role. I have a significant amount of cash on hand to invest when I want.

    It just won’t be today.

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  • HHusky
    HHusky Member Posts: 24,360
    https://hardcorehusky.com/discussion/comment/2064310#Comment_2064310

    Very relieved! We were all worried sick about how this might affect you.

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  • HHusky
    HHusky Member Posts: 24,360

    ”I’m not triggered!” shrieked Race.

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