Mikey wrote: ↑Thu Aug 08, 2024 1:53 pm
It’s amazing how many people would actually wish for and celebrate economic hardship and pain on the country just to give their guy some perceived political advantage. It says a whole fucking lot about the MAGAt cult.
That is truly insane, yet…
You’ll vote for Harris, right? To ensure the continuation of the economic decline.
Mikey wrote: ↑Mon Aug 05, 2024 3:22 pm
Looks like a buying opportunity.
That gives the RICH people more opportunity to make some money.
Fixed for ya.
I should have known you were a soulless "Rich get richer" capitalist.
So the DOW was up 683 points today, NASDAQ 464 and the S&P 120.
Like I said, it was a buying opportunity. Contrary to your assumption, I wasn't doing any buying, but some people were making a lot of money on this. That's how it works, and as much as you may not like it, it's how it has worked for decades, not an innovation of the Biden Administration. Elon Musk, Peter Thiel, JD Vance, and a lot of your "conservative" heroes are all in this game. Personally, I prefer to hold high quality investments in my retirement accounts and not play the market like a casino.
Your naivete is endearing, though.
And it looks like Dr. Golly's "recession" may have been put on hold for now.
Nothing remotely endearing about that fool, though.
Re: Doom
Posted: Thu Aug 08, 2024 11:14 pm
by Softball Bat
I expect another sharp DOWN day in the markets either on Friday or Monday.
I don't believe we are at the bottom of this down trend, and in fact, I expect the markets to be "choppy," and ultimately trend downward all the way through the election, at least. Maybe longer.
Jmo.
Re: Doom
Posted: Thu Aug 08, 2024 11:25 pm
by Mikey
Softball Bat wrote: ↑Thu Aug 08, 2024 11:14 pm
I expect another sharp DOWN day in the markets either on Friday or Monday.
I don't believe we are at the bottom of this down trend, and in fact, I expect the markets to be "choppy," and ultimately trend downward all the way through the election, at least. Maybe longer.
Jmo.
"Choppy" for the next four months? That would be very unusual. Depends of course on your definition of "choppy." It's pretty rare to have a long run of only up days or only down days. That's how it works.
This is the Dow Jones average for the past four years. The whole thing looks pretty choppy to me. Notice that the past few days are barely a blip on the big picture.
Re: Doom
Posted: Thu Aug 08, 2024 11:45 pm
by Sudden Sam
Consumers are paying more for basically EVERYTHING under Biden/Harris. Seems Dems are good with that.
Good to know that all my Dem friends are doing so well that they don’t mind paying extra to live.
Re: Doom
Posted: Fri Aug 09, 2024 12:02 am
by Mikey
Sudden Sam wrote: ↑Thu Aug 08, 2024 11:45 pm
Consumers are paying more for basically EVERYTHING under Biden/Harris. Seems Dems are good with that.
Good to know that all my Dem friends are doing so well that they don’t mind paying extra to live.
Nobody likes high inflation. Just wondering, though. Can you tell me the last time prices went down? Do you think deflation is a good thing?
Sudden Sam wrote: ↑Thu Aug 08, 2024 11:45 pm
Consumers are paying more for basically EVERYTHING under Biden/Harris. Seems Dems are good with that.
Good to know that all my Dem friends are doing so well that they don’t mind paying extra to live.
Nobody likes high inflation. Just wondering, though. Can you tell me the last time prices went down? Do you think deflation is a good thing?
Your naïveté is about as endearing as HPG’s.
I’m certainly not an economist. I don’t know, nor am I particularly interested in, how all that shit works. What I do know is that Biden/Harris managed to boost the price of everything in no time after taking over in DC. Housing, gas, groceries all up. The things that we all require (except for Screwy) cost much more.
Re: Doom
Posted: Fri Aug 09, 2024 12:15 am
by FiatLux
Sudden Sam wrote: ↑Thu Aug 08, 2024 11:45 pm
Consumers are paying more for basically EVERYTHING under Biden/Harris. Seems Dems are good with that.
Good to know that all my Dem friends are doing so well that they don’t mind paying extra to live.
A little extra isn't going to hurt you if you're doing well.
Maybe the Red/Trump States need to vote liberal. Seems like the Blue/liberal states are doing much better economically. Give it a shot if you want some extra money in your pocket.
Over the last year one out of four cars sold in California where electric. The others are probably Priuses or some type of hybrid. So gas isn't much of a problem here. Even though we pay the highest gas prices in the country.
Re: Doom
Posted: Fri Aug 09, 2024 12:26 am
by Sudden Sam
We’re doing fine. But I am spending way more on gas because we each drive 20 miles to jobs in the capital.
I have no interest at all in buying electric vehicles. My buddy loves his F150 Lightning, but he’s going back to a gas truck within a year. He was more curious about the technology than anything else. Loves the power. It’s cool, but I want no part of contributing to poor kids working in mining jobs. Fuck EVs.
Re: Doom
Posted: Fri Aug 09, 2024 12:32 am
by FiatLux
Sudden Sam wrote: ↑Fri Aug 09, 2024 12:26 am
It’s cool, but I want no part of contributing to poor kids working in mining jobs. Fuck EVs.
What???
Laughing out loud.
You don't even want to spend tax money to give poor kids just a lunch at school.
Sudden Sam wrote: ↑Fri Aug 09, 2024 12:26 am
It’s cool, but I want no part of contributing to poor kids working in mining jobs. Fuck EVs.
What???
Laughing out loud.
You don't even want to spend tax money to give poor kids just a lunch at school.
Too funny.
As long as they’re not working in a mine, Sam’s cool with malnutrition.
Re: Doom
Posted: Fri Aug 09, 2024 12:45 am
by Screw_Michigan
Mikey wrote: ↑Thu Aug 08, 2024 11:01 pm
And it looks like Dr. Golly's "recession" may have been put on hold for now.
Nothing remotely endearing about that fool, though.
An African "continental emergency" can very quickly become a world emergency.
#doom
Re: Doom
Posted: Sat Aug 10, 2024 1:33 am
by L45B
Sudden Sam wrote: ↑Fri Aug 09, 2024 1:24 am
Never said I minded paying for kids’ lunches. I’m all for that.
I said they’re not free. Someone has to pay for it.
You obviously have no idea how economics work. The government pays for it just like it pays for Ukraine’s tanks and just like it forgives student loan debt.
Despite what you think, this money doesn’t come from your pocket, the government prints more dollars as it needs. It’s free. Doesn’t affect you at all, stop crying. It’s a damn school lunch, not a brand new electric car. Give it a break. Jeesh.
Sudden Sam wrote: ↑Fri Aug 09, 2024 1:24 am
Never said I minded paying for kids’ lunches. I’m all for that.
I said they’re not free. Someone has to pay for it.
You obviously have no idea how economics work. The government pays for it just like it pays for Ukraine’s tanks and just like it forgives student loan debt.
Despite what you think, this money doesn’t come from your pocket, the government prints more dollars as it needs. It’s free. Doesn’t affect you at all, stop crying. It’s a damn school lunch, not a brand new electric car. Give it a break. Jeesh.
I stand corrected. Thanks, L.
Re: Doom
Posted: Sun Aug 11, 2024 8:45 pm
by Softball Bat
Fire At Cooling Tower Of Zaporizhzhia Nuclear Plant
Click the links for ---> more <--- on this *developing* story.
#doom
Re: Doom
Posted: Sun Aug 11, 2024 10:47 pm
by Diego in Seattle
I don't think that any place that has a name full of consonants & few vowels is a sordid clambake that anyone in here is going to care about.
Re: Doom
Posted: Mon Aug 12, 2024 12:38 am
by HighPlainsGrifter
Sounds like the fire started after Ukraine attacked the area.
Re: Doom
Posted: Tue Aug 13, 2024 8:16 pm
by Mikey
DOW +408.63
NASDAQ +407.00
S&P 500 +90.04
We’re doomed.
Re: Doom
Posted: Tue Aug 13, 2024 8:43 pm
by Softball Bat
The NAZ is still 7.5% off where it was before the drop.
The Dow is 3.5% off where it was.
CPI numbers will come in tomorrow morning.
Jobless claims, retail sales, and manufacturing numbers come in on Thursday.
Will be interesting, especially Thursday, imo.
The Middle East is a tinder box.
Russia/Ukraine is ongoing.
Election cycle goofiness is ongoing.
I would not be long the market now, but that is jmo.
Re: Doom
Posted: Tue Aug 13, 2024 11:36 pm
by Mikey
There’s always potential bad news, of one kind or another, on the horizon. If you let that stop you, you’ll never accomplish anything. “Long the market” is a pretty simplistic description. The only way to not be “long the market” would be to convert all of your net worth to cash and stuff in a mattress. That would be monumentally stupid. HPG will accuse me of being elitist or something but that’s just naive. I’ve been saving for retirement for years, constantly living below my potential means, so that I won’t have to live solely on SS, and sell my house and move to bumfuck, MO, and also to have something to leave my kids. The answer is to maintain a balanced portfolio and, if investing in individual companies, choose only high quality. I’m not a gambler looking to make a killing but I do know that the market always goes up, in the long run. Selling and running away during a downturn is tempting, but just about the dumbest thing you can do.
Re: Doom
Posted: Wed Aug 14, 2024 6:23 pm
by Softball Bat
poptart wrote: ↑Fri Aug 09, 2024 10:21 pm
I was posting about Mpox in this thread two years ago.
The pox will become bigger news -----> next week.
Alarmed by mpox surge, Africa CDC is poised to declare a 'continental emergency'
An African "continental emergency" can very quickly become a world emergency.
#doom
The WHO Declares a Global Emergency!
LONDON (AP) — The World Health Organization has declared the mpox outbreaks in Congo and elsewhere in
Africa a global emergency, with cases confirmed among children and adults in more than a dozen countries and
a new form of the virus spreading. Few vaccine doses are available on the continent...
In 2011 20 of these fish washed up dead months before Japan's 9.1 quake.
Re: Doom
Posted: Thu Aug 15, 2024 2:12 pm
by Mikey
Softball Bat wrote: ↑Tue Aug 13, 2024 8:43 pm
The NAZ is still 7.5% off where it was before the drop.
The Dow is 3.5% off where it was.
CPI numbers will come in tomorrow morning.
Jobless claims, retail sales, and manufacturing numbers come in on Thursday.
Will be interesting, especially Thursday, imo.
The Middle East is a tinder box.
Russia/Ukraine is ongoing.
Election cycle goofiness is ongoing.
I would not be long the market now, but that is jmo.
The NASDAQ is still up 30% over the past 12 months. 3.5% is a blip.
Today is Thursday. CPI showed inflation continuing to drop, NASDAQ is up over 1.5% and DOW about 0.8% right now.
Time to panic?
Re: Doom
Posted: Thu Aug 15, 2024 3:16 pm
by Softball Bat
There are a lot of deflationary pressures in the economy now.
If you are UP a lot from the markets rising all this year, good.
I would cash out now and take your profits.
Don't get greedy, because upside is limited, compared to downside risk.
Not financial advice.
it is just my opinion.
Re: Doom
Posted: Thu Aug 15, 2024 3:45 pm
by bungle clone
Softball Bat wrote: ↑Thu Aug 15, 2024 3:16 pm
There are a lot of deflationary pressures in the economy now.
If you are UP a lot from the markets rising all this year, good.
I would cash out now and take your profits.
Don't get greedy, because upside is limited, compared to downside risk.
Not financial advice.
it is just my opinion.
Brah, I have some reasons to concur with your feeling that there is an impending DOOM; tho' the financial angle is a moot one since the survival rate vis-a-vis the proceedings approaches nil, statistically.
Re: Doom
Posted: Thu Aug 15, 2024 4:28 pm
by Mikey
Like I implied before, a balanced portfolio made up of a combination of equities (small cap, large cap, tech, dividend producing...), bonds, cash, etc., appropriate to your age, income, and aversion to risk will pretty much protect you from even large market swings over the long term. This is what "target date" funds that most 401K plans attempt to do. Trying to time the market in any way is a fool's errand. There are few, if any, market "experts" who outperform the S&P 500 or other broad based indexes over the long term. Your returns during an up market won't match the market, but neither will your losses during a down market.
Dollar cost averaging (i.e. putting the same amount away with each paycheck, no matter if the markets are up or down) is part of this strategy. The biggest risk that a lot of us "older" people have comes from what they call "sequence of returns." If you retire during a down market and have to start drawing on your savings, you end up selling equities when their value is low and end up missing out on the rebound, which inevitably happens. That's why you need to set aside some cash early on so you can avoid that pitfall.
The S&P lost about 30% in early 2020 and a lot of people panicked. But it's up about 150% since then.
Just felt a 4.0 earthquake that was centered near Lake Elsinore, about 25 miles north of here. We had another one, at 5.2, a few days ago near Highland Park (north LA about 75 miles from here). I was on the road but my wife says that one felt a lot stronger.
California, tumbles into the sea...
Re: Doom
Posted: Thu Aug 15, 2024 5:13 pm
by FiatLux
Mikey wrote: ↑Thu Aug 15, 2024 4:50 pm
We had another one, at 5.2,
We had a 5.0 or something in The City around 30 years ago at 4am. Knocked me out of bed and woke up on the floor and wondered how the fuck did I ended up there. 30 minutes later had an aftershock and said, oh, ok now I know.
Too funny.
Re: Doom
Posted: Thu Aug 15, 2024 5:19 pm
by Rootbeer
3 Dog Lux wrote:
We had a 5.0 or something in The City around 30 years ago
Knocked me out of bed and woke up on the floor
30 minutes later had an aftershock I'd never seen before
Didn't know what it was, oh, ok now I know.
Mama told me not to come...
Better?
Better.
Re: Doom
Posted: Thu Aug 15, 2024 9:44 pm
by The Seer
Softball Bat wrote: ↑Wed Aug 14, 2024 6:23 pm The WHO Declares a Global Emergency!
LONDON (AP) — The World Health Organization has declared the mpox outbreaks in Congo and elsewhere in
Africa a global emergency, with cases confirmed among children and adults in more than a dozen countries and
a new form of the virus spreading. Few vaccine doses are available on the continent...
