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I'm sitting here watching my gains of the last year evaporate, and praying to God it levels off at 32 and stays there for a bit, which seems possible.
The market, while enjoyable to watch during this meteoric rise, was unsustainable for the last year+.
Hoping to level off at 32,000?
Are you kidding? We have only seen the beginning of the market fall. We have rising interest rates, record inflation, and have not officially entered the Biden recession.
The market, even at these levels, is grossly over-valued. A year from now you will be praying the market will get back up to 32,000 in a few years.
That is a 1,900 point loss from when Biden inherited multiple vaccines and a historic economic recovery from an artificial slowdown due to the Pandemic caused by Biden/Obama sending Coronavirus research to China and funding the very lab where the leak happened, causing the global Pandemic that destroyed economies and killed millions.
Bingo…folks will do anything to defend the demented old man that has no idea what he’s doing.
Are you kidding? We have only seen the beginning of the market fall. We have rising interest rates, record inflation, and have not officially entered the Biden recession.
The market, even at these levels, is grossly over-valued. A year from now you will be praying the market will get back up to 32,000 in a few years.
Honest question... if the market is grossly overvalued (even after a tremendous fall since the beginning of the year), how is that Biden's fault? How does the POTUS (no matter who it is) make the market grossly overvalued in such a short period of time?
Status:
"I don't understand. But I don't care, so it works out."
(set 4 days ago)
35,612 posts, read 17,940,183 times
Reputation: 50639
Quote:
Originally Posted by hawkeye2009
Hoping to level off at 32,000?
Are you kidding? We have only seen the beginning of the market fall. We have rising interest rates, record inflation, and have not officially entered the Biden recession.
The market, even at these levels, is grossly over-valued. A year from now you will be praying the market will get back up to 32,000 in a few years.
I don't know that it will be in freefall.
There are signs the market has a lot of hope - ended a tiny fraction down today, from being down 600 points at the bottom.
I agree that the market is grossly overvalued, but it's been grossly overvalued since about 2017, IMHO, trading on hope and optimism. Which is not nothing.
There are signs the market has a lot of hope - ended a tiny fraction down today, from being down 600 points at the bottom.
I agree that the market is grossly overvalued, but it's been grossly overvalued since about 2017, IMHO, trading on hope and optimism. Which is not nothing.
You see how your politics comes into play there?
Easy money started in the financial crisis of 2008. Easy money was there all the way through Obama's 8 years (through until he left at the start of 2017).
Then Trump takes over at the beginning of 2017 with the same easy money, so THAT is when you have an issue and not before. Interesting how that works for you.
Status:
"I don't understand. But I don't care, so it works out."
(set 4 days ago)
35,612 posts, read 17,940,183 times
Reputation: 50639
Quote:
Originally Posted by Stephan A Smith
You see how your politics comes into play there?
Easy money started in the financial crisis of 2008. Easy money was there all the way through Obama's 8 years (through until he left at the start of 2017).
Then Trump takes over at the beginning of 2017 with the same easy money, so THAT is when you have an issue and not before. Interesting how that works for you.
If you have money in the markets at this point, all you can do is hang on tight for the next 2.7 years till somebody with a brain is elected in 2024 to replace this head of cabbage.
I’m no expert, but moving money now would be a mistake, just try to ignore the markets.
The way I see it is that if the markets ever truly bottom out, money and gold will mean nothing AND that a can of Spam and a box of 9mm cartridges would mean more to one’s survival. That’s why I’m not too worried about Biden screwing up the market to the point, it explodes cuz even as dumb as he is, he knows that in the end, there would be no country to govern.
If you have money in the markets at this point, all you can do is hang on tight for the next 2.7 years till somebody with a brain is elected in 2024 to replace this head of cabbage.
I’m no expert, but moving money now would be a mistake, just try to ignore the markets.
The way I see it is that if the markets ever truly bottom out, money and gold will mean nothing AND that a can of Spam and a box of 9mm cartridges would mean more to one’s survival. That’s why I’m not too worried about Biden screwing up the market to the point, it explodes cuz even as dumb as he is, he knows that in the end, there would be no country to govern.
Dude, that's an insult to cabbage. Cabbage is a delicious and healthy vegetable (when cooked right).
Brandon is harmful to my every imaginable kind of health.
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