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The only problem is that the worst is yet to come.
We still have a grossly over valued stock and real estate market facing inflation, rising interest rates, cessation of QE and an idiot at the helm of the government.
This is just the beginning of another 2008 economic meltdown. At least the balance sheets of the banks are better so it will just be the general public who will get slaughtered.
You may want to create your retirement plans in pencil going forward.
I hate to say it, but I think you're wrong. This could be as bad as the Carter era crash, far worse than '08. Hope I'm wrong.
All Rainbows and Unicorns …. Everyone should just Click the heels of their Ruby Slippers …..
And whisper Transitory ~ Transitory ~ Transitory
The Federal Reserve did too little - too late.
We are in Bear Territory (I went there 3rd quarter last year)
A Recession is coming, Inflation will go higher, the Market is unstable and TeamBiden is clueless.
For you kiddos that are at least 10-15 years Out from thinking about Retirement - keep in mind that your managed 401K will be buying low. No worries.
For those close to Retirement or retired on a Fixed Income (Fixed Income is my position) - Buckle Up
It’s going to be a bumpy ride. The Reality is that we had plenty of notice of what is headed our way.
Democrats are concerned with the “important” stuff - White Supremacists, Critical Race Theory, Gender Identity, the Weather Seasons, teaching small children about Sex, Abortion sent back to States to debate & convincing Parents they have no say in the Education of their Children, while they establish a Ministry of Truth.
Normal people are concerned with putting food on their Table, Gas in their vehicles and keeping their jobs.
We might already be in a recession. We won't definitively know until Q2 data has been tabulated and released. The definition of a recession is two successive quarters of decline in GDP and Q1 was a huge miss from expectations, a lot lower than what was forecast.
We might already be in a recession. We won't definitively know until Q2 data has been tabulated and released. The definition of a recession is two successive quarters of decline in GDP and Q1 was a huge miss from expectations, a lot lower than what was forecast.
Yeah, people forget that "recession" actually has a definition. But who can blame them, with all the talking heads breathlessly asking other talking heads if "we are in a recession yet?"
I am short the market through PSQ while long a selected stock. I think we may have a ways to fall - maybe all summer. But I don't know where we will fall to.
Friday, 5/6/22
The downward trajectory continues, or even worsens. If this turns into a rout, it will be like in 2008 when they shot the survivors.
All we can do it try to make money on the way down and use it when things stabilize. Even so, I remind myself that in Japan they never did recover - not in 30 years, since their bubble popped.
Status:
"I don't understand. But I don't care, so it works out."
(set 8 days ago)
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Quote:
Originally Posted by Listener2307
Friday, 5/6/22
The downward trajectory continues, or even worsens. If this turns into a rout, it will be like in 2008 when they shot the survivors.
All we can do it try to make money on the way down and use it when things stabilize. Even so, I remind myself that in Japan they never did recover - not in 30 years, since their bubble popped.
After a very sharp pre-opening plunge, the Dow is struggling to swim back upstream a little. That's a small spark of hope.
Friday, 5/6/22
The downward trajectory continues, or even worsens. If this turns into a rout, it will be like in 2008 when they shot the survivors.
All we can do it try to make money on the way down and use it when things stabilize. Even so, I remind myself that in Japan they never did recover - not in 30 years, since their bubble popped.
That's the scary thing... The fed has been using QE to pump the stock market up since the last recession. We may have gotten 3 decades of stock market growth in one decade. The underline economy wasn't that great, but that never even mattered. Had I known how this stuff works then, I would have been more greedy over the past decade... I fear the easy money has all been made.
Are dims gonna start demanding more QE and more hyperinflation vs this falling knife of a market on Biden's watch??? We'll have to see if they can figure out 2+2 and what QE is all about first... Stay tuned... The wheels of logic move very slowly in those Bidenvilles, but they move none the less.
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