Stock Market Blues

[Nebe]

I know you guys know this but you only truly loose it if you sell. Its best to sit tight and add to it to average down as it goes down. It will come back. It always does. I think 9 out of the past 11 recessions happened under a republican leadership. How about that?? 😵#^&💫
Posted from my iPhone/Mobile device

[spence]

Originally Posted by Nebe

I know you guys know this but you only truly loose it if you sell. It’s best to sit tight and add to it to average down as it goes down. It will come back. It always does.
Posted from my iPhone/Mobile device

Sure it “always” does, but that doesn’t help someone already retired or within 15 years of retirement. Especially if you’re in your mid-fifties or older who hopefully has been shifting equities to bonds or cash.

But, and this is a huge but, I’m concerned the old system simply doesn’t work under what could be new rules. Where will bond rates go if the dollar tanks? Will US corporations flee if they don’t believe they can trust the US legal system to protect their intellectual property, or outspend their competitors with a corrupt pay for play Whitehouse?

The looming cuts to Medicaid are going to drive everybody's insurance rates up, and the tax cuts mostly targeting the top 1% will further suck wealth from middle and upper middle class taxpayers who fund a much larger % of SS per dollar they earn.

The stupidity and recklessness of all this is mind bending. Under no circumstances do you try and manipulate so many variables in a system at one time. It’s why your doctors rarely change multiple medications at once. It’s why manufacturers wait until greenfield product launches to significantly redesign go to market strategies.

That this is being rammed down our throats by a leader who didn’t even get 50% of the vote, who is circumventing the US Constitution at every turn and who is working undermine or outright destroy the institutions that make America exceptional, an unbiased legal system, a free press, separate but equal branches of government and on and on should scare the hell out of anyone who isn’t already a multi-millionaire.

[JohnR]

This is Political

[spence]

Originally Posted by JohnR

This is Political

Nah, it’s simply a constructive discussion around economics and prudent personal finance decisions.

Sadly everything looks like “politics” when you’re trying to eliminate it. No different that DEI, CRT etc…

[piemma]

i have been buying silver for 15 years, Happy, Happy. I have a few pounds I bought at $16/oz. $34.08 Friday. Also have been buying gold.

[JohnR]

Originally Posted by spence

Nah, it’s simply a constructive discussion around economics and prudent personal finance decisions.

Sadly everything looks like “politics” when you’re trying to eliminate it. No different that DEI, CRT etc…

DEI & CRT ARE Political. It is not some grassroots Good Idea Fairy - it is political



OK - put the impact of the last 4 years of Biden admin under the same lens, but include P/E Ratios, Inflation, Treasury Spending. Tell me WHEN we should have had a recession and what was done to prevent it?

[piemma]

Originally Posted by JohnR

DEI & CRT ARE Political. It is not some grassroots Good Idea Fairy - it is political



OK - put the impact of the last 4 years of Biden admin under the same lens, but include P/E Ratios, Inflation, Treasury Spending. Tell me WHEN we should have had a recession and what was done to prevent it?

Oh, who gives a #^&#^&#^&#^&. If you guys paid attention while you were working, you should have put a way a nuff to live comfortable. We are fine but I still work because I like toys. Laugh at me I don't care.

[spence]

Originally Posted by JohnR

DEI & CRT ARE Political. It is not some grassroots Good Idea Fairy - it is political

I’d think it’s more accurate to say they were politicized. Not sure how whitewashing critical achievements of the Code Talkers is a good idea, perhaps that fairy should be cancelled. “We have thousands of such cashes.”

OK - put the impact of the last 4 years of Biden admin under the same lens, but include P/E Ratios, Inflation, Treasury Spending. Tell me WHEN we should have had a recession and what was done to prevent it?

P/E is usually an individual company metric but whatever, I have people who make those decisions for me.

Seems like a recession was anticipated after Biden’s first year on. He largely avoided it because of investments in growth and Joe took the political heat for the Fed doing their job keeping rates high long enough to break the inflationary cycle. Post-Covid inflation was a global problem but the US fared better than every other large Western nation. Sure, the stimulus could have been tapered off a little faster, but the reality is he left the overall economy in remarkable shape. I’d say the only real weak spot — as voters pointed out — was that upper incomes were doing most of the spending, offsetting disproportionate inflationary pressure on commodities that outpaced wage gains on everyday workers.

We’ll see what the looming stagflation does to your P/E ratios as investors look for more stable markets. I see with the current trajectory a gigantic economic mess, a lot more debt and perhaps the worst own goal in the history of the United States. If the wealth gap is your measure of progress though we’ll be doing just fine.