Themaddness
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Any takers on guessing the bottom today?
Market bottom?
- Thread starter Themaddness
- Start date
Betterluckythangood
Active Member
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The s and p will drop to -250 then miraculously end up only 28 points down
DeerMadness
Long Time Member
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Right at retirement for me. I am clenching my cheeks hoping it won't be even worse .
Mallardsx2
Active Member
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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
Long Time Member
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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
Long Time Member
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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
Member
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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
Active Member
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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
Long Time Member
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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
Long Time Member
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If we do, they better be electric.
DeerMadness
Long Time Member
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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.
