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re: Calm down — A look at recent big downturns in the S&P 500 and the opportunities

Posted on 6/14/22 at 10:01 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 6/14/22 at 10:01 am to
quote:

You sold for a loss else how are you wrong? Was your specific bitcoin investment strategy to buy when you did and sell it now? What was your plan?


No. I am actually buying more. Bitcoin is for my children, not for me.

I don't plan on ever selling.
Posted by bod312
Member since Jul 2015
846 posts
Posted on 6/14/22 at 10:20 am to
quote:

No. I am actually buying more. Bitcoin is for my children, not for me.

I don't plan on ever selling.


So you haven't lost squat then and it sounds like your strategy/plan might not be "wrong".
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135305 posts
Posted on 6/14/22 at 10:28 am to
quote:

"fact"? please tell me what the federal reserve can do with interest rates at these levels? NOTHING or it is hyper inflation.

Plenty, just not in this case.
Unfortunately, this is a supply-chain driven episode. Fed intervention will be far less effective than would be the case if it was currency driven.
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 6/14/22 at 10:31 am to
quote:

Unfortunately, this is a supply-chain driven episode.


I really hope you are right.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135305 posts
Posted on 6/14/22 at 12:21 pm to
quote:

I really hope you are right.

Don't hope too hard.
Redressing supply chain efficiency does not seem to be this administration's forte (to be kind).
Posted by dewster
Chicago
Member since Aug 2006
26372 posts
Posted on 6/14/22 at 12:55 pm to
quote:

We don't have the option anymore.


We have the option. It just won’t be used for a while.
Posted by Teddy Ruxpin
Member since Oct 2006
40532 posts
Posted on 6/14/22 at 1:05 pm to
quote:

Redressing supply chain efficiency does not seem to be this administration's forte (to be kind).



To be fair, I hope they do nothing about supply chains. They were created largely without government pulling the levers, and their involvement will likely exacerbate the problem.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8865 posts
Posted on 6/14/22 at 8:34 pm to
quote:

The fact that you only think stocks can increase in value is due to dropping interest rates is telling.
you think companies would have gotten to the obscene values they did without almost no interest financing, equally obscene amounts of money being pumped into the economy and basically forced into the market to get any return at all, that is pretty telling. The market will bottom and come back up. That’s a given but just throwing money in it thinking every fleabitten neg earning company or ones earning barely enough to stay out of deep debt are gonna get that ride in this environment is foolish thinking
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6222 posts
Posted on 6/14/22 at 10:39 pm to
This retard just sold all of his rentals when rising rent is the only real way to profit and plans on buying equities in this "dip" but doesn't realize that there isn't QE to back up a quick recovery anymore. Lol.
Posted by saintforlife1
Member since Jul 2012
1365 posts
Posted on 6/14/22 at 10:54 pm to
quote:

Maybe Trump will get re-elected and wave his magic wand and work some magic again

The country most likely will be in some state of civil war if Trump gets back into office. Like Elon said, he is too divisive. I don't think the stock market or 401(k)s will be on top of many people's mind at that's the case.
This post was edited on 6/14/22 at 11:46 pm
Posted by lgh
In your head
Member since Jan 2019
239 posts
Posted on 6/15/22 at 5:43 am to
They were 100%created by government shutting down whole countries because of the rona
Posted by STLhog
Dallas, TX
Member since Jan 2015
18771 posts
Posted on 6/15/22 at 8:58 am to
quote:

80's rates were 12.9%.


probably for a 10,000 car.

you won't see 90,000 trucks at 10% interest.

Then again, no idea how a company makes money not selling at that price with labor and energy where its at.

Good times ahead!
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