re: Main Street starting to feel the pain in Retirement accounts

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after 8 years of Bush, we had the crash of 2008. whoses faut was that?

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I am not going to say Bush was a good president by any means but go look at the policies that contributed to the GFC and when those policies went into place. The changes were well before W was in office and date back to when his father was in office and when Clinton was in office.

It is important to understand causation not just correlation. The same people will point to the stock market under Obama but how much would it have increased had it not fallen as far as it did leading up to his inauguration. I tend to think of market success under an administration as how much the all time highs have increased. It is much easier to get 50% gains after losing 50% versus gaining 50% from all time highs.

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I’m not sure how it’s smart to keep your money in the market when you see inflation coming.

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Bingo. You should just hold cash when inflation is high.

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after 8 years of Bush, we had the crash of 2008. whoses faut was that?

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The a-hole Democrats like Barney Frank and Maxine Waters that fought government oversight of Fannie Mae and Freddie Mac insinuating that making it more difficult to qualify for a mortgage was "racist". Hell, if you want, you can trace the root of that crash back to the Community Reinvestment Act of 1977 under Jimmy Carter and Bill Clinton to loosening the rules of the CRA to force banks to make loans in low-income neighborhoods. Clinton also passed a law that exempted credit default swaps from goverment regulation.

Idk man I’m just gonna work til I die or they send me to the fema camp


Hopefully it won’t take too long!

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My wife stays at home and trades options with our funds and in a falling market....correction, in a plummeting market, making money is easy.

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I’m not sure that I’ve used the word “easy” while trading options in this insanely volatile market lately, but props to her. I don’t know if she’s going long or short options, but yes, high IV times do present opportunities.

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How could you not see this coming. I’m not sure how it’s smart to keep your money in the market when you see inflation coming. The Fed has no choice but to raise rates and we all know what the outcome of that will be. You can’t just print trillions and not expect consequences.

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Correct, you can’t just print trillions and not expect consequences.

What we are seeing at the moment has nothing to do with that. Consequences of overspending and flawed monetary policy will entail substantial USD devaluation.

But USD devaluation is not at play now. Devaluation is not driving current inflation. Hamstrung supply chain and 2° demand-supply mismatch is the driver.

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Same thing with current oil prices. Biden isn't helping the situation, but we're here because of the attack on the Energy Sector over the last 25 years.

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Strange since the energy sector was thriving until 1/6/2021.

What could’ve changed around 1/6/2021?

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Strange since the energy sector was thriving until 1/6/2020. What could’ve changed around 1/6/2020?

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What changed on 1/6/2020?

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Strange since the energy sector was thriving until 1/6/2021.

What could’ve changed around 1/6/2021?

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At least you fixed the dates to what you were trying to imply. My question is what measures are you using to say that the energy sector was thriving until 1/6/2021 and what measures are you using now to say it is no longer thriving?

You literally provided zero evidence to the energy sector thriving until 2021 and how it is no longer thriving. Energy is the best performing sector under the Biden administration as far as market performance.

Just for an example, XOM has had their revenue and profits steadily climb since the start of 2021 and are already above the highest achieved under Trump.

Typically thriving sectors see growth in revenue and earnings as well as absolute values of revenue and earnings. There has been large growths in these measures of the energy sector under Biden but these measures were lower under Trump than Obama or Biden (so far). There definitely are factors other than simply who is president though as well.

I think the current administration plans and vision are impacting the American people. I think it will likely be impacting longer term factors due to a lack of investment in traditional energy sources due to all the deterrents. The issue is saying the energy sector was thriving under trump and is not under Biden really isn't backed up by any current measures that I have seen. That is why I asked what measures are you using for your declaration about when the energy sector was thriving as most traditional measures don't support that claim. I am open to hearing what measures do support that claim.