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Now we are officially below the first trading day, 26 months back, after Trump signed "tax reform from debt" and "tariffs and trade wars".
AND the start of this braggart thread. Still we have new cheerleaders stepping in telling us how great it is that the market went up to WAY BELOW where it should be.
We lost money for two plus years now.....when inflation is considered.
Yet the MSM keep repeating the BS and PR coming from the top "the underlying economy is good".....
It seems like anything less than a full recession or depression is "good".
I expect to see 23K or lower. Sadly for me...and many others.
Now we are officially below the first trading day, 26 months back, after Trump signed "tax reform from debt" and "tariffs and trade wars".
AND the start of this braggart thread. Still we have new cheerleaders stepping in telling us how great it is that the market went up to WAY BELOW where it should be.
We lost money for two plus years now.....when inflation is considered.
Yet the MSM keep repeating the BS and PR coming from the top "the underlying economy is good".....
It seems like anything less than a full recession or depression is "good".
I expect to see 23K or lower. Sadly for me...and many others.
They said that in 2008 til a few weeks before the election and many started having the "oh *&^*" look in their eyes...
Hope it isn't this bad this time and I'm guessing its more based on a disruption and a bubble.. Still won't be pretty but I don't think it'll be as bad as 2008.. But I'm no expert..
You notice how the Trump supporters disappear or have excuses when the market is down one day, and then come out from their hiding places when the economy is back up the next day? Can't take credit for the good if you don't also own the bad.
The real answer here is that Trump has little influence over the stock market, and the instability and daily up & down caused by coronavirus is out of Trump's control. But Trump supporters disappeared when the market first crashed, but then they come back for the days when it bouncing back.
Most Trump supporters are dishonest people, which is unfortunate.
Did you notice how the Trump opponents disappear or have excuses when the market went up over 1,000 points earlier this week?
Remember what commentator Paul Harvey used to say during such times: the only people that get hurt on roller coasters are those that jump off.
Soon after I retired in August 2018, I transferred all of my Thrift Savings (the Federal equivalent to a 401k) to Federal bonds. I missed the upswing, but I slept well, since I did not want to chance my retirement nest egg.
A friend of mine had also worked for the Federal government for years. His TSP was worth some $800,000. Three weeks ago he told me that he had also just transferred all of his money into bonds. He has been sleeping well for the past weeks.
Yet, if you have money in a 401k, stay put. The market will eventually recover.
I do feel for those that are very near retirement, watching their plans lose money each week.
Did you notice how the Trump opponents disappear or have excuses when the market went up over 1,000 points earlier this week?
Uh no.... I totally expected a ‘dead cat bounce’.
I’m fiscally conservative and loathe Trump, and I could see the pinning of a sugar high market induced by the tax cuts. And our deficit makes it that much more difficult to deal with the possibility of a recession.
I didn’t vote for or support Captain Bankruptcy- apparently you did.
It took a Chinese created virus that spread around the world to ding the market temporarily. This can't be blamed on Trump.
And the trade and tariff wars and the resulting slowdown and chaos can't either?
The ballooning of the deficit for no reason whatsoever...so we have less of a rainy day fund?
The slow GDP before this and the need to lower interest rates because things were so bad???
They also are not the fault of the beloved and his followers?
Now we are officially below the first trading day, 26 months back, after Trump signed "tax reform from debt" and "tariffs and trade wars".
AND the start of this braggart thread. Still we have new cheerleaders stepping in telling us how great it is that the market went up to WAY BELOW where it should be.
We lost money for two plus years now.....when inflation is considered.
Yet the MSM keep repeating the BS and PR coming from the top "the underlying economy is good".....
It seems like anything less than a full recession or depression is "good".
I expect to see 23K or lower. Sadly for me...and many others.
Genuinely baffled by this "we lost money" nonsense. Its as if you insist everyone only has money locked up in some DJIA index fund, which is the most unlikely of scenarios.
Those of us who are diversified and not panic selling have literally lost nothing. My diversified portfolio of ETFs, mutual funds, and stocks have all done pretty well the last two years that you are complaining about, and have certainly not hit the negative overall for that period. I suspect there are MANY others out there like this, I'm nothing special. Just keep adding on dips incrementally and don't panic sell and there will be nothing lost, other than on paper. Most people should only own equities if they have a 3-5 year window before they need the money.
Most of this crying and panic here is just to try and score political points, its silly and ill informed.
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