Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
OK let's think about that one. Vacation destination = rich people who have money to spend = full restaurants. Now, let's look at middle class America where I am, and a lunch destination on a Friday, that for many years, has been full of people, is empty this past Friday and lunch, that used to cost me $10, is now $17, and I'm getting less food. Illegal aliens are creating a glut of workers, and driving down wages, and the poor and middle class are getting squeezed. Meanwhile, housing prices are up. Insurance costs are up. Health insurance costs are up. Grocery costs are up. Automobile costs are up. Day care costs are up. Let's not forget - higher education costs are up. This is unsustainable in long run. You're wealthy, mathjak, and living a different lifestyle than most people.
the mere fact there are hiring signs everywhere that can’t be filled from local deli and pizza places to sophisticated business like the company i do work for , business is doing fine in general .
we have 58 open jobs spanning long island , brooklyn , mansfield ohio , middletown ct , auburn ny , buffalo ny , syracuse ny and 2 towns in new jersey …
so things are no where near recessionary.
all our vendors are dying for people ..all our customers are starving for people
trying to get a contractor to do work can be an ordeal they are so busy and booked
so the people that support 70-80% of consumer spending in this country are still spending
the mere fact there are hiring signs everywhere that can’t be filled from local deli and pizza places to sophisticated business like the company i do work for , business is doing fine in general .
we have 58 open jobs spanning long island , brooklyn , mansfield ohio , middletown ct , auburn ny , buffalo ny , syracuse ny and 2 towns in new jersey …
so things are no where near recessionary.
all our vendors are dying for people ..all our customers are starving for people
trying to get a contractor to do work can be an ordeal they are so busy and booked
so the people that support 70-80% of consumer spending in this country are still spending
irrelevant for a long term investor with a strategy..that is the whole idea of having a portfolio able to span the different time frames as the money is needed without trying to be a soothsayer with a crystal ball
anyone using a portfolio that has different allocations to different asset classes only needs to look and or rebalance every year or so.
some who want a rising glide path to equities or whatever asset is running with the ball can do it every couple of years .no reason to even look at where things are inbetween
irrelevant for a long term investor with a strategy..that is the whole idea of having a portfolio able to span the different time frames as the money is needed without trying to be a soothsayer with a crystal ball
anyone using a portfolio that has different allocations to different asset classes only needs to look and or rebalance every year or so.
some who want a rising glide path to equities or whatever asset is running with the ball can do it every couple of years .no reason to even look at where things are inbetween
Again, we'll see in 6 months if my 'rebalancing' was a good move, or not.
I recommend NOT napping through what may be on the way. I recommend paying greater attention than ever - and trusting nobody except your own gut instincts.
We all know a stuck clock is right twice a day. I called a market top back in February and it didn't happen but I'm calling another one right here. Huge amounts of bad news: inflation, interest rates going higher, "possible" return of lockdowns next year, political instability, restart of student loan repayments, consumer credit card debt at very high levels, world political uncertainty / war, extremely high housing costs, illegal aliens by the hundreds of thousands who are going to put pressure on wages and/or have to be taken care of, strike against auto companies..... on and on
DJIA is at 34,440 as I type this and could easily be below 30,000 by 1/1/24. Let's see what happens.
The stock market is unpredictable. Personally, I put money in when the market goes down, sort of the opposite of what many other people do. I look at it as a sale and I can get more for my buck. But I also regard investments as long term.
I think there is a strong possibility of a recession or at least a slowdown. The return of student loan payments is going to be a factor. But hopefully any slowdown might be minor.
People on this thread are again blaming Joe Biden and Uncle Joe certainly deserves some blame. But the incredible overspending by Congress deserves even more, especially when Nancy Pelosi was speaker. Because that massive overspending is now causing the FED to raise interest rates.
But the FED itself must take a huge amount of blame as well. First, they missed the boat on rising inflation even when Nancy Pelosi & friends went on a spending spree. And now there is a danger of them overreacting to make up for their initial neglect.
The bulk of the “massive spending” was by the last administration. The republicans will vote for anything if the president is a Republican.
Again, we'll see in 6 months if my 'rebalancing' was a good move, or not.
no , we will see when you tell us you are fully invested and pulled everything out of stocks that you tried to do better with by being in fixed income.
only then can you say if you did better or worse with your timing
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
