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Message
For those who moved cash to the sidelines
Posted on 10/25/22 at 2:03 pm
Posted on 10/25/22 at 2:03 pm
when are planning on jumping back into the market?
12
Posted on 10/25/22 at 2:13 pm to Auburn80
Never
It’s never going to be good again and it’s never going to return to the levels it was at last year
The stock market is upper middle class welfare. The company takes money out of your check and gives you a pittance they call a match and they sink it into a fake money laundering organization for the democrats like vanguard. Then the government money prints to artificially raise the value of stocks. And you get to look at your number on the paper that you can’t touch without paying a bunch of tax and feel good about yourself and think that one day you might escape the wage cage
Not only is the government too broke to print money, they’ve decided they no longer want us to exist, so any sources of happiness for us have been eliminated
The stock market has been permanently rugged
It’s never going to be good again and it’s never going to return to the levels it was at last year
The stock market is upper middle class welfare. The company takes money out of your check and gives you a pittance they call a match and they sink it into a fake money laundering organization for the democrats like vanguard. Then the government money prints to artificially raise the value of stocks. And you get to look at your number on the paper that you can’t touch without paying a bunch of tax and feel good about yourself and think that one day you might escape the wage cage
Not only is the government too broke to print money, they’ve decided they no longer want us to exist, so any sources of happiness for us have been eliminated
The stock market has been permanently rugged
Posted on 10/25/22 at 2:26 pm to el Gaucho
Hello, Robert. When does Rich Dad Poor Dad 3.0 come out?
Posted on 10/25/22 at 2:28 pm to el Gaucho
Downvotes mean “he’s right but I wish he wasn’t”
Nobody can argue against the fact that we live in a banana republic with a dwindling economy where everybody except the 10 people that still work (I’m one of them) get food stamps
Nobody can argue against the fact that we live in a banana republic with a dwindling economy where everybody except the 10 people that still work (I’m one of them) get food stamps
Posted on 10/25/22 at 2:50 pm to el Gaucho
Based El Gaucho
Posted on 10/25/22 at 2:58 pm to el Gaucho
Gaucho, you're missed on the OT.
Posted on 10/25/22 at 3:01 pm to Auburn80
For most on this board probably after the apocalypse and the Dow is trading at about 100. Then they will know they finally got it right 
Posted on 10/25/22 at 3:01 pm to Auburn80
Wait for the Russkies to drop the first nuke. It will either be the best buying opportunity ever or the beginning of the end of the world.
Posted on 10/25/22 at 3:17 pm to FLObserver
quote:
For most on this board probably after the apocalypse and the Dow is trading at about 100
You joke, but there's still that gap at 666 from March 2009
Posted on 10/25/22 at 3:41 pm to UpstairsComputer
Buy and hold 4 lyfe. 40 years compound interest cant loooooooooooooossssssseeeeeeeeee
Posted on 10/25/22 at 3:45 pm to lsuoilengr
sitting on cash your effective wealth index is being eroded by our super high inflation thanks to JOEBIDEN (patron saint of the oilfield)
Posted on 10/25/22 at 3:47 pm to el Gaucho
quote:
Downvotes mean “he’s right but I wish he wasn’t”
Nobody can argue against the fact that we live in a banana republic with a dwindling economy where everybody except the 10 people that still work (I’m one of them) get food stamps
The FED has been basically giving money away for the last 12 years
Posted on 10/25/22 at 3:50 pm to lsuoilengr
quote:
sitting on cash your effective wealth index is being eroded by our super high inflation thanks to JOEBIDEN (patron saint of the oilfield)
I think under investment during the oil and gas price crash the last 7 years and the pandemic had much more to do with global oil prices than the sitting US president. Energy prices are high all over the world, not just the USA
Posted on 10/25/22 at 4:25 pm to hubertcumberdale
The fed should either money print or let us get nuked there’s no in between that isn’t a violation of the Geneva convention basically
Posted on 10/25/22 at 5:30 pm to Auburn80
Maybe a year. Too much volatility for an old guy right now
Posted on 10/25/22 at 6:21 pm to el Gaucho
you know you really sound like you know your shite man
Posted on 10/25/22 at 6:44 pm to Auburn80
I’ll take the ramp when the fed pivots but I sure as hell intend to start selling again when inflation starts picking back up.
Posted on 10/25/22 at 6:57 pm to UpstairsComputer
lets wait and see what happens in two weeks:
election results for House and Senate
CPI is probably going to go back up
Fuel is back up, therefore EVERYTHING is going back up
Winter heating bills with fossil fuels going back up
Somehow the inflation reduction act is going to get funded.
student loan payoff
Has anybody shaken an 8 ball and found POSITIVE stuff about to happen to see a pivot from fed or think we see capitulation anytime soon?
I DON'T, therefore, my cash will probably sit on the sidelines a little further unless I get an opportunity to buy at S&P levels under $2900, then I will probably go back in and simply WAIT.
election results for House and Senate
CPI is probably going to go back up
Fuel is back up, therefore EVERYTHING is going back up
Winter heating bills with fossil fuels going back up
Somehow the inflation reduction act is going to get funded.
student loan payoff
Has anybody shaken an 8 ball and found POSITIVE stuff about to happen to see a pivot from fed or think we see capitulation anytime soon?
I DON'T, therefore, my cash will probably sit on the sidelines a little further unless I get an opportunity to buy at S&P levels under $2900, then I will probably go back in and simply WAIT.
Posted on 10/25/22 at 7:16 pm to oneg8rh8r
Trying to time the market is exhausting.
Posted on 10/25/22 at 7:36 pm to oneg8rh8r
I’ve shaken the magic 8-ball and asked it if the fed keeps going are they going to break something. 
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