Themaddness
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Any takers on guessing the bottom today?
Market bottom?
- Thread starter Themaddness
- Start date
Betterluckythangood
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The s and p will drop to -250 then miraculously end up only 28 points down
DeerMadness
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Right at retirement for me. I am clenching my cheeks hoping it won't be even worse .
Mallardsx2
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Figures.
I put $7,000 in my yearly IRA last week on what I though was the low. lol
I put $7,000 in my yearly IRA last week on what I though was the low. lol
RookieWYhntr
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Kamala's crash.
Gadjet
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And what will be...or something like that!
notdonhunting
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notdonhunting
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eelgrass
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"I cured the economy and the environment, and a few other small things."
But not dementia or lying.
elkassassin
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I'd Bet BuzzH Claims He QUADRUPLED The Size Of His Money Bag That He Drags Around Behind Him Today!
Flyjunky12
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elkassassin
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DeerMadness
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Flyjunky12
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Read a report today that the last 4 recessions were immediately proceeded by a fed rate cut.
Haven’t we been hearing the fed is going to cut rates in Sept?
Amazing the amount of stocks Buffet has been dumping, reportedly more than he’s ever dumped in this short of a timeframe.
“Interesting” times ahead
Haven’t we been hearing the fed is going to cut rates in Sept?
Amazing the amount of stocks Buffet has been dumping, reportedly more than he’s ever dumped in this short of a timeframe.
“Interesting” times ahead
Wiszard
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Follow what he is doing! He's def the smartest guy in the room.
1989Cohunter
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What’s funny is Jim Cramer from cnn was just saying. how August was going to be a great month for the Dow jones.
Flyjunky12
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Isn’t that the same outlet that said Biden was sharper than ever two weeks before he dropped out? Seems on par for them.
Lumpy
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I don't have a dog in the fight because I dislike politicians equally, they are all out for their own good but I can't help notice nobody was giving the current party credit for the stock market being higher than it ever has been but now that it is correcting itself everyone wants to blame someone. I guess if it goes back up many of you will be back on here thanking whoever is in office.
TKMulePacker
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Most impressive aspect of the selloff yesterday was the $VIX jumping to 65. During the covid crash it took several weeks for the VIX to jump that high. Did it all in 1 day yesterday. You have to go back to (wait for it..) August of 2015 to find a 1 day VIX move of yesterdays caliber. August historically is a terrible month. Within a year of the August-December 2015 correction the market was at new highs despite the drama of the Trump/Clinton election cycle. This is probably the beginning of a correction that goes into the election. BUT, Unless you think modern society is about to collapse, probably a decent time to start phasing money in.
I love all the whining and political nonsense. if the president controls the economy and stock market, how do you explain that even after bottoming it's still much higher than 4 years ago? fumble with that a while.
Looks like the markets have bottomed, all up 1-2% right now. the Nikkei is up over 10% so it's obvious the direction the markets are going. the FED will make a bigger cut than originally expected in September and everyone will be giddy.
Not saying any of it is justified or unjustified, just saying that's the way it is so take advantage. smart investors will gain and sniveling dip chits will lose like always.
Looks like the markets have bottomed, all up 1-2% right now. the Nikkei is up over 10% so it's obvious the direction the markets are going. the FED will make a bigger cut than originally expected in September and everyone will be giddy.
Not saying any of it is justified or unjustified, just saying that's the way it is so take advantage. smart investors will gain and sniveling dip chits will lose like always.
A few weeks ago I would have agreed, but it looks unlikely the president that raised the debt the most per year in history is going to get another chance.
Talk of action on the debt makes for good conversation but neither party has any plan or intent to deal with it. accept it , it's like a lot of problems we're going to leave it for the next generation to worry about.
Talk of action on the debt makes for good conversation but neither party has any plan or intent to deal with it. accept it , it's like a lot of problems we're going to leave it for the next generation to worry about.
Wiszard
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I hope we don't have more yellow busses for the next generation...
LIK2HNT
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Yea, we are only what, 35 TRILLION in debt now. What’s next? If guberment had to run like a private business they would have been out of business a LONG time ago.
eelgrass
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If we do, they better be electric.
DeerMadness
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I got lucky as my funds in 401K were in a moderate plan. I was able to move them to tve Vanguard Stable Market Fund yesterday. Since I'm retiring that will be good but my gains will be minimal.
DeerMadness
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It isn't over yet Tog. Hold on to what you have. It's been pretty good fir a long, long time. I've learned not to feel to confident about money, as it can disappear fast. The U.S. is in a deep deficit and you know that. The deep state is trying to take our money, our freedom and reduce the population. They are not our friends. It's no conspiracy theory.
larrbo
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The markets will be choppy until the presidential polls settle down and show a firm direction in the race. The market wants a firm direction for the future and doesn't like the fuzzyness since Biden dropped out. If Trump gains large leads in the polls expect a repeat of the late 2016-2017 stock market.
The markets are never predictable, if they were everyone would be richer than Buffett. what is predictable is the debt, it will continue to grow and it makes no difference whatsoever which party is in control. someday it may come home to roost, or maybe we'll just file BK or inflate it away. in any event it's baked in so don't give it much consideration.
The election won't make much difference either. they're both big spenders and they're both full of chit. and history has proven over and over the president has little impact on the economy and the world economy we live in today makes that even more true.
Predicting the markets is impossible but predicting trends isn't as tough. markets will continue to climb for two main reasons, inflation and the fact as screwed up as we are the US is still the most stable and reliable place to invest in the world. so nobody's going anywhere at least for a long time. and if they leave, they come crawling back every time.
If I had the gloom and doom attitude I'd have left a ton of money on the table. now I'm pretty much stuck because the capital gains would kill me if I got scared and jumped out. so over optimism yields about a 35% discount.
The election won't make much difference either. they're both big spenders and they're both full of chit. and history has proven over and over the president has little impact on the economy and the world economy we live in today makes that even more true.
Predicting the markets is impossible but predicting trends isn't as tough. markets will continue to climb for two main reasons, inflation and the fact as screwed up as we are the US is still the most stable and reliable place to invest in the world. so nobody's going anywhere at least for a long time. and if they leave, they come crawling back every time.
If I had the gloom and doom attitude I'd have left a ton of money on the table. now I'm pretty much stuck because the capital gains would kill me if I got scared and jumped out. so over optimism yields about a 35% discount.
DeerHunter53
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Ride the wave stay the course don't fall for all the Rhetoric it will pay in the long run.
