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Started By
Message
Dow is tumbling below 29K.
Posted on 9/29/22 at 9:23 am
Posted on 9/29/22 at 9:23 am
Are we going to see it get below 25K this year? I think it's coming.
12
Posted on 9/29/22 at 9:25 am to burger bearcat
Just stop looking.
Posted on 9/29/22 at 9:25 am to burger bearcat
Let me be clear:
frick JOE BIDEN
frick JOE BIDEN
Posted on 9/29/22 at 9:27 am to elposter
Cant have people retiring now can we
Posted on 9/29/22 at 9:28 am to elposter
For once in my life I do finally have a bunch of cash sitting and waiting to hopefully recover some of the wipeout of my stocks and funds.
Maybe a Republican win in house and senate will be perfect timing to put it in. Will hopefully keep Biden's arse on the sidelines for at least 2 years.
Maybe a Republican win in house and senate will be perfect timing to put it in. Will hopefully keep Biden's arse on the sidelines for at least 2 years.
Posted on 9/29/22 at 9:29 am to burger bearcat
if inflation rate gets below 4.5% by this time next year most people will be happy.
if inflation is still 8.x% gop takes both houses 24 and anyone not indicted can be gop potus.
we'll see.
if inflation is still 8.x% gop takes both houses 24 and anyone not indicted can be gop potus.
we'll see.
Posted on 9/29/22 at 9:29 am to burger bearcat
No one knows what the bottom is
But another 5% drop wouldn't shock me by the end of the year
But another 5% drop wouldn't shock me by the end of the year
Posted on 9/29/22 at 9:30 am to CelticDog
quote:
if inflation rate gets below 4.5% by this time next year most people will be happy.
That’s not happening without a cratering of the market at which point working people’s 401k’s will be in the trash
Posted on 9/29/22 at 9:30 am to elposter
quote:
For once in my life I do finally have a bunch of cash sitting and waiting to hopefully recover some of the wipeout of my stocks and funds.
Maybe a Republican win in house and senate will be perfect timing to put it in. Will hopefully keep Biden's arse on the sidelines for at least 2 years.
Why do you stupidly think that republicans in the house and senate have anything to do with anything?
Posted on 9/29/22 at 9:32 am to jevins_slickin
quote:
Cant have people retiring now can we
That is but a dream for me. And I'm 62.
Posted on 9/29/22 at 9:34 am to Powerman
quote:
Why do you stupidly think that republicans in the house and senate have anything to do with anything?
I happen to think gridlock in Washington with a Biden administration would be looked at more favorably by the markets than the current political situation and continued Dem control of all 3 lawmaking/executing portions of the fed gov.
Posted on 9/29/22 at 9:34 am to the_truman_shitshow
quote:
Just stop looking.
I have to log in to one acct to get the info to send my SEP contribution before Oct 15. Blows. Maybe I can have someone else do it and not tell me balance. I decided to just let it ride and start buying slowly at some random point. Wheeeee
Eta: subtle lazy investor brag: logged in. Saving accr number in employer contribution pdf form so don't have to in future. Balance is bad, and today certainly didn't help. But not as bad yet as I'd thought it would be. Yay merca
This post was edited on 9/29/22 at 12:37 pm
Posted on 9/29/22 at 9:35 am to elposter
quote:
frick JOE BIDEN
If there has EVER been a case to remove an administration from office during its term....
This one is the POSTER CHILD FOR IT!
Posted on 9/29/22 at 9:37 am to burger bearcat
10,000, Biden doing work!
Posted on 9/29/22 at 9:44 am to burger bearcat
I've had a C-note bet with my FIL since May that the Dow will hit 24k by the end of the year.
During July/August I was thinking I may have been way too bearish (I was expecting this sort of turn about a month earlier, I didn't take into account the full impact of the SPR drawdown), now I'm thinking I may well win the bet. There's a lot more economic shitstorm coming over at least the next two months.
During July/August I was thinking I may have been way too bearish (I was expecting this sort of turn about a month earlier, I didn't take into account the full impact of the SPR drawdown), now I'm thinking I may well win the bet. There's a lot more economic shitstorm coming over at least the next two months.
Posted on 9/29/22 at 9:46 am to Bard
Putin's Hurricane
Posted on 9/29/22 at 9:46 am to elposter
quote:
For once in my life I do finally have a bunch of cash sitting and waiting to hopefully recover some of the wipeout of my stocks and funds.
I put all my market investments on the sidelines a couple of months ago. Technically the chart shows a floor around 25K in December. If it breaks 25K who knows how low it will go. It's just me but what I'm looking for is the market to move sideways in December in the 25-27K range then I'll jump back in. I know timing the market is almost impossible but that is my plan and hope to get lucky. My strategy is a long term strategy but avoid these big dips on the way up. The risk is missing out on a big bull run. The protection is avoiding these bear dips and not losing money.
Posted on 9/29/22 at 9:47 am to jevins_slickin
I think you mean "can't have people retiring when the young ones won't work"
Posted on 9/29/22 at 9:48 am to Powerman
quote:
Why do you stupidly think that republicans in the house and senate have anything to do with anything?
Gridlock.
Historically markets love gridlock.
Posted on 9/29/22 at 10:04 am to FlyingTiger1955
I don’t think people are paying attention to what just happened in the UK.
They had to turn the money printers back on because their bond market was about to crash.
China is massively leveraged, EU can’t heat their homes and are guns blazing towards net zero 30.
Then you have the US with inflation to the moon, hopelessly divided politically and Biden floundering in the White House.
There isn’t much propping up current valuations across the board and not much reason to be optimistic in the short to mid term economically unfortunately.
They had to turn the money printers back on because their bond market was about to crash.
China is massively leveraged, EU can’t heat their homes and are guns blazing towards net zero 30.
Then you have the US with inflation to the moon, hopelessly divided politically and Biden floundering in the White House.
There isn’t much propping up current valuations across the board and not much reason to be optimistic in the short to mid term economically unfortunately.
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