Stock Market Blues

[Got Stripers]

Tariff talk tanks the market AGAIN, I'm grumpy and don't like loosing money, but too young (relatively speaking) to start to think about not having some money invested in stocks.

[Nebe]

Its almost like this market crash was pre meditated. Hmmmm.
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[Got Stripers]

Originally Posted by Nebe

Its almost like this market crash was pre meditated. Hmmmm.
Posted from my iPhone/Mobile device

Stock market manipulation, gee wiz who could engineer such a thing?

[Nebe]

I have no idea. Really… ita like there must be someone who can manipulate world events to create uncertainty. Wish I knew …
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[Hookedagain]

Regardless of why...this is painful

[Got Stripers]

Originally Posted by Hookedagain

Regardless of why...this is painful

I guess if you a millionaire or bazillionaire loosing 15-25K is like loosing a penny, not the same for the average American, especially us old retired farts on a limited income.

[PaulS]

Very painful week or so.

[spence]

I generally don’t pay much attention to market fluctuations, what’s more concerning is a period of stagflation combined with a global recession which is now a real likelihood. Tarrifs will increase inflation and decrease corporate spending leading to more unemployed who can’t afford to buy chickens let alone eggs.

[Nebe]

Its almost like this was all planned.

Kind of like Iraq had “weapons of mass destruction”. Yeah right
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[PaulS]

It wasn't planned.

[piemma]

Originally Posted by PaulS

It wasn't planned.

I agree. As an old veteran I still believe in the Constitution and in the "Republic" 2 people will not bring us down.

I think people need to thing more in the "gestalt" mode. We will get through this.

[Got Stripers]

Originally Posted by piemma

I agree. As an old veteran I still believe in the Constitution and in the "Republic" 2 people will not bring us down.

I think people need to thing more in the "gestalt" mode. We will get through this.

Can’t wait for my course to open the end of next week, rather bitch about a crappy round than watching this dumb arse trade war take the economy in a bad direction.

[Nebe]

Originally Posted by PaulS

It wasn't planned.

You dont think sewing chaos across the entire board wasnt planned? I do.
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[spence]

Originally Posted by Nebe

You dont think sewing chaos across the entire board wasnt planned? I do.
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Sewing chaos was absolutely the plan. I do think that POTUS though has such an infantile knowledge of economics he really thinks he can bully the global economy into submission. Pay careful attention to their attack on the fundamentals of the legal system, it’s the one bulwark to this mess before midterms and they’re trying to destroy it and invalidate all future elections…comrade.

[Got Stripers]

Originally Posted by spence

Sewing chaos was absolutely the plan. I do think that POTUS though has such an infantile knowledge of economics he really thinks he can bully the global economy into submission. Pay careful attention to their attack on the fundamentals of the legal system, it’s the one bulwark to this mess before midterms and they’re trying to destroy it and invalidate all future elections…comrade.

Does almost gutting the integrity and fraud departments and Patel requesting a direct line to potus suggest a theme and the DOJ and FBI, the stage is set.

[spence]

Originally Posted by Got Stripers

Does almost gutting the integrity and fraud departments and Patel requesting a direct line to potus suggest a theme and the DOJ and FBI, the stage is set.

It’s a lot, lot, worse than even that. They are not only going after government employees who were following legal instructions, now it’s open season on lawyers and law firms that represented democratic clients.

If an attorney is given a case it’s not a question of ethics to represent their client or not. They simply want the entire system paralyzed to function. For good or bad the US legal system sets us apart and is a critical institution. Without it we are no better then Russia, oh wait, that’s what they want.

[PaulS]

Originally Posted by Nebe

You dont think sewing chaos across the entire board wasnt planned? I do.
Posted from my iPhone/Mobile device

No, He's undisciplined and is too dumb to recognize the impact of the things he says. I'm not gonna say anything else to comply with John's no politics request.
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[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?? 😵#^&💫
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[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?

[Got Stripers]

March ended with the worst market in two years and the odds of a recession have jumped up to 40%, love to win with tariffs.

[spence]

I love how somebody special doesn’t care if the prices of cars go up because consumers will just choose American product. 1) 40% of a domestic car is made from foreign parts and 2) if people stop buying imports how are we going to “make” as much money from tariffs?

Can’t we just go back to bailing out American farmer who can’t sell their rotting grain, you know like the last term?

[nightfighter]

It is no longer IF we are going into recession. It is how deep and how long.... And in case you did not connect the dots, tariffs are another way to raise taxes, without raising taxes......

[spence]

Originally Posted by nightfighter

It is no longer IF we are going into recession. It is how deep and how long.... And in case you did not connect the dots, tariffs are another way to raise taxes, without raising taxes......

I’ve read a full blown recession is about 40% now. And tariffs as taxes, true, and hits the poor and middle class the hardest.

The shyte will really hit the fan when rural red states realize wealthy liberal cities have been subsidizing them all along once these federal cuts either just eliminate services they depend upon or state taxes go up to compensate.

Now the deficit increase, by making the wealthiest tax cuts permanent, is estimated at 9 Trillion over ten years. The only way to legally pass this is for the House to use an alternative model where the cost is estimated at zero because it’s off of the current baseline — where the taxes are in effect — rather than as a spending increase after they expire.

This is like me running a 10k a month visa bill when I earn 7k, yet claiming my new bill of 11k/mo is only 1000 dollars higher so everything’s great!

Anyone who is rightly concerned about our national debt should be wretching over what’s being proposed.

[Got Stripers]

What a scam he pulled on the people who voted him into office, lower prices day one (nope), reduce the deficit (nope), make America great again; if becoming hated by our allies and loved by the dictators of the world is the definition yup. The rich and insiders are poised to start buying the bargains. Buckle up this recession will be a tough one. Hey Marsh are we winning now?

I feel so bad for the veterans who served our country proudly and are getting a royal screwing by this administration. The veterans still serving are worried about our national security as those in charge are carelessly discussing sensitive national security intel over a commercial app, while all our adversaries are loving that fact and are likely reading the chats with smiles on their faces.

[piemma]

I thought the Boss said no more politics.

Stop this crap!!!

[wdmso]

Originally Posted by spence

Can’t we just go back to bailing out American farmer who can’t sell their rotting grain, you know like the last term?

Don’t worry the bail outs are coming for them. But who’s bailing out Americans 401k. And their big money losses .. my sister in law lost 20k. In 1 day .. let’s just say buyers remorse has set in.

https://oilprice.com/Latest-Energy-N...Producers.html