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Old 01-24-2022, 08:29 PM
 
Location: alexandria, VA
16,352 posts, read 8,088,686 times
Reputation: 9726

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The markets are overdue for a correction. How bad is anybody's guess.
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Old 01-24-2022, 08:33 PM
 
24,392 posts, read 23,044,056 times
Reputation: 14982
I kept thinking they turned on the computers to buy today to stop a huge selloff.
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Old 01-24-2022, 08:37 PM
 
13,602 posts, read 4,926,293 times
Reputation: 9687
Quote:
Originally Posted by diddlydudette View Post
Dang. I hate hate hate Idiot Joe. I'm going to call my 401K company and maybe take my money out and put it somewhere else to protect it. Let's go Brandon. What an idiot.
Yes, do that. Sell all of your stocks and put the money in a jar and bury it in your backyard. You’re sure to come out ahead over the long term.
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Old 01-24-2022, 08:38 PM
 
13,602 posts, read 4,926,293 times
Reputation: 9687
Quote:
Originally Posted by meengla View Post
I just withdrew EVERY PENNY! I had started this account barely a year ago and it had earned over $9,000 but was just down to $224 TOTAL GAIN! An almost six figure investment!
Damn Biden: Free money to even those who didn't need it. Continued lockdowns and Covid fear mongering. Ruining even small landlords. Getting aggressive against Russia.
Yes! Buy high and sell low. Now that’s smart investing!
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Old 01-24-2022, 08:43 PM
 
Location: alexandria, VA
16,352 posts, read 8,088,686 times
Reputation: 9726
Quote:
Originally Posted by Leo58 View Post
Yes, do that. Sell all of your stocks and put the money in a jar and bury it in your backyard. You’re sure to come out ahead over the long term.
Weren't some of these same people going on about the "Biden Stock Market Crash" hyperventilating just days ago about all the money they're making in the cryptocurrency mania?
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Old 01-24-2022, 11:01 PM
 
34,002 posts, read 17,035,093 times
Reputation: 17186
My hunch is we will have several days worse than 1-24.
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Old 01-25-2022, 06:12 AM
 
Location: Unperson Everyman Land
38,647 posts, read 26,363,905 times
Reputation: 12648
Quote:
Originally Posted by Retroit View Post
Every generation has to learn the harsh lessons of the economic cycle. It took me a few lessons to get it through my thick head, but fortunately I pulled out of the stock market completely a few months ago.
Probably good timing on your part.

I'm out too.

I'll get back in after the inevitable Biden crash.
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Old 01-25-2022, 06:22 AM
 
30,058 posts, read 18,652,475 times
Reputation: 20861
Quote:
Originally Posted by andywire View Post
https://www.marketwatch.com/story/th...is-11642796418





I know a lot of millennials that have been making big money in the stock market and crypto currencies. Biden is a turd in the punch bowl for the stock market, and I would expect the government to declare war on cryptos any minute, especially if their precious stock market takes a tumble. Can't have random 1's and 0's on a computer screen take the wind out of the sails of the US economy... A lot of these millennials have never invested through a recession before. I expect the butt hurt to be intense and blistering, once they all figure out what's going on. And with that, Biden will officially become the most unpopular and worst president in US history... Basically he signed up to be the fall guy.
I'll bet the payments from China to the Biden family are still fine and in full force!
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Old 01-25-2022, 03:08 PM
Status: "I don't understand. But I don't care, so it works out." (set 2 days ago)
 
35,588 posts, read 17,927,273 times
Reputation: 50621
The Dow Jones is significantly higher right now than in any of the previous administration.
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Old 01-25-2022, 03:13 PM
 
Location: Metro Detroit, Michigan
29,796 posts, read 24,880,628 times
Reputation: 28472
Quote:
Originally Posted by ClaraC View Post
The Dow Jones is significantly higher right now than in any of the previous administration.

Pretty much every president saw the stock market rise during their tenure. That's what the stock market does long term. Hyperinflation will also send stocks to the moon, as it did in Venezuela when their stocks were rising +10,000% a year.
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