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Started By
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This is garage sale week…everything on discount
Posted on 8/4/24 at 10:21 pm
Posted on 8/4/24 at 10:21 pm
Load up the back of ur truck with some low prices stocks
8
Posted on 8/4/24 at 11:45 pm to SuckerPunch
Be sure to catch those falling knives...
Posted on 8/5/24 at 4:51 am to SuckerPunch
The knife has only started to fall
Posted on 8/5/24 at 5:01 am to SuckerPunch
Great timing. We need a good recession and glad it's happening before the election.
Posted on 8/5/24 at 5:42 am to SuckerPunch
I’m going to go out on a limb and say this isn’t just going to last a week. There’s a shite ton of things dragging the market down. It’s not exactly primed for a quick turn around.
Posted on 8/5/24 at 5:50 am to PotatoChip
quote:
The knife has only started to fall
The current generation has never experienced what is about to happen in the US economy … nor are they adequately prepared for it. A look at current credit card debt illustrates the danger.
https://www.usdebtclock.org/
This post was edited on 8/5/24 at 5:53 am
Posted on 8/5/24 at 5:57 am to cadillacattack
Sitting on some cash, trying to decide how much I buy on the way down.
Prob DCA and put in same amount every day the market is down 2%+
Prob DCA and put in same amount every day the market is down 2%+
Posted on 8/5/24 at 5:58 am to cadillacattack
quote:
The current generation has never experienced what is about to happen in the US economy … nor are they adequately prepared for it. A look at current credit card debt illustrates the danger.
I've been preaching that sermon for months now. If we get a high UE event, we're well and truly fricked as GDP growth has been almost completely dependent on consumer debt creation for the last year or so. With so many consumers at such high levels of CC debt (with such high servicing costs), a high UE event would cause lots of delinquencies as consumers began missing servicing payments.
If we get a rash of defaults, the economy comes to a screeching halt as suddenly many consumers lose access to the debt creation which has kept the economy going (as they have been trying to offset the extra costs from high inflation onto the backs of their credit cards).
Upside: deflation
Downside: being in an environment where deflation happens
Posted on 8/5/24 at 6:15 am to Bard
I welcome deflation if it means getting rid of POS machines that automatically bring up the tip option.
Posted on 8/5/24 at 6:17 am to SuckerPunch
Your 401k is getting unburdened from what has been. - Kamala
This post was edited on 8/5/24 at 6:35 am
Posted on 8/5/24 at 6:21 am to Bard
quote:If you lived through the Carter years I suspect you might recognize what’s coming.
Upside: deflation Downside: being in an environment where deflation happens
I expect stagflation….again.
Posted on 8/5/24 at 6:22 am to boomtown143
quote:
Your 401k is getting unburdened from what has been.
If you're more than 5yrs from retirement, this will just be a bleep on the radar.
Stay focused, contribute on the way down.
Posted on 8/5/24 at 6:24 am to SuckerPunch
If the fed makes emergency rate cuts, then you could see some short term gains.
If they do not, there will continue to be some sell off and you should wait.
Smart money, based on how the fed has acted over the last 18 months, says wait a while for the bottom.
If they do not, there will continue to be some sell off and you should wait.
Smart money, based on how the fed has acted over the last 18 months, says wait a while for the bottom.
Posted on 8/5/24 at 6:34 am to cadillacattack
quote:
The current generation has never experienced what is about to happen in the US economy … nor are they adequately prepared for it. A look at current credit card debt illustrates the danger.
True.
I've been saying that these youngsters will soon spend less time worrying about being misgendered because they will be too busy worrying about their next meal and finding a dry spot under a bridge.
This market was so perfectly primed for a meltdown that I'm shocked that so few saw it coming.
Record Highs, AI Hype/Hysteria, Election 3 months away and potential for 2020 type chaos, Wars, Middle East Chaos, Trump Assassination Attempt.
There were a million reasons to sell and not many reasons to buy.
But when you express that opinion all you get attacked.
Posted on 8/5/24 at 6:36 am to Curb Your TDS
quote:
There were a million reasons to sell and not many reasons to buy.
that is buying time...like now...I'm buying this crash...
Posted on 8/5/24 at 6:43 am to LSURulzSEC
quote:
that is buying time...like now...I'm buying this crash...
I would average your way in and not jump in with both feet.
in the .com crash the Nasdaq dropped 70 percent.
Things may not be cheap yet.
Good Luck.
Posted on 8/5/24 at 6:55 am to LSURulzSEC
quote:
..I'm buying this crash...
Exactly this. This opportunity is amplified even more in Bitcoin which has dropped an order of magnitude more than the Dow.
Posted on 8/5/24 at 6:56 am to SuckerPunch
I told y’all ai was fake
Posted on 8/5/24 at 6:58 am to el Gaucho
Where is AT when you need him
Posted on 8/5/24 at 7:01 am to sonoma8
Our picker
Who art in Mississippi
Ancient tiger be his name
One nation under zom
In tsnp hmbl
With pennies and gains for all
Who art in Mississippi
Ancient tiger be his name
One nation under zom
In tsnp hmbl
With pennies and gains for all
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