Is the stock market going to tank?

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Originally Posted by fastfred

don't worry folks it's coming and it's faster than ya'll think

three weeks from today the middle class the poor the high rollers on credit will all be shaking their piggy bank looking for some coin
oil at $115 a barrel
the false economy based on low interest rates and cheap money for 15 years too long
consumer debt helocs credit cards over priced used cars on loan
and best of all the clowns we elect to represent us will fail to pass a budget they will continue to fling poo at each side as if what they think does anything other than line their personal wealth balance sheet
the shut down will last well into late January they will keep the stalemate up for the election so they can leverage that into a campaign against one another
then you know christmas break and they will all fly home on private jets to celebrate with their families for three weeks
and finally they will come back from that much needed break and be forced to do something since 60% of the country will be suffering by then

our own elected politicians will be crashing the economy for us
what a great country we live in

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It's just a very few far right politician's that are trying to crash the economy

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Originally Posted by NakedShorts

This will need to bounce from here or else.....

Banks, Pensions, CB's, Funds sitting on 30 year paper from 2020 with a 1.25% yield now have lost 52% of the principal. Euro and Japanese versions are worse off.

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You do know that pension funds are better off, despite sitting on longer paper, over the last 2 years despite rates increasing right?

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Originally Posted by Brock Landers

You do know that pension funds are better off, despite sitting on longer paper, over the last 2 years despite rates increasing right?

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Sure and they are still way underfunded!

Better off than 2 years ago

https://www.youtube.com/watch?v=4hQ1HvwaeTk

"grinding reality"

819 days = 117 weeks = 27 months... UNCH

The S&P 500 is exactly where it was 2 years and 3 months ago on Friday, July 16, 2021.

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Originally Posted by 4matic

819 days = 117 weeks = 27 months... UNCH

The S&P 500 is exactly where it was 2 years and 3 months ago on Friday, July 16, 2021.

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Back when inflation was still transitory!

No new ath for 10 year s. 2 yrs in ..

Lots of similarities to October 87 crash. Relentless rate rise and weakness into a weekend. A big down day tomorrow and look out.

Bring on a rager of a forest fire.

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Originally Posted by byates1

Bring on a rager of a forest fire.

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:the_finge

Time is up for you Gramps. Lock in 5% risk free shit, downsize your life and max and relax

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Originally Posted by 4matic

Lots of similarities to October 87 crash. Relentless rate rise and weakness into a weekend. A big down day tomorrow and look out.

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so I should put all my money into bitcoin?

Wait till it pulls back first.

Buy high sell low.

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Originally Posted by Danno

so I should put all my money into bitcoin?

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No. Just 50%. Put the rest in T-bills and chill.

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Originally Posted by Danno

so I should put all my money into bitcoin?

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Looking for an update on this.

Don't be shy Danno, pull a home equity loan, sell your car and skis. Go All In.

$GOOG with the double earnings beat and then tanks. LOL. FML.

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Originally Posted by stalefish3169

$GOOG with the double earnings beat and then tanks. LOL. FML.

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Yeah it's tanked from $90 to ~$140 year to date. After hours dip BFD.

I was buying it for $84 a year ago next week. It went down because of slowed cloud growth. They did well on everything else, pretty sure ah was a knee jerk. I’ll bet those after hours numbers don’t hold tomorrow.

AMZN reports on Thursday, I’m sure their cloud numbers will be closely watched. I was buying AMZN for $82 that same time period last year as well. AAPL was selling for $125 the first of this year. Tech was a bargain in the last year. I wish I’d picked up META.

My dad passed away this summer and left me some Google. Can't decide what to do with it. A smart person would sell most of it and diversify. It's just hard to bet against Google though.

^truth

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Originally Posted by yeahman

A smart person would sell most of it and diversify.

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Diworseify

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Originally Posted by yeahman

My dad passed away this summer and left me some Google. Can't decide what to do with it. A smart person would sell most of it and diversify. It's just hard to bet against Google though.

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I met your Dad, he was cool. Who got that sweet cabin ?

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Originally Posted by Harry

I met your Dad, he was cool. Who got that sweet cabin ?

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My sister. It's a 1914 structure that is a money pit but includes great lakefront property. Some of the best sandy beach on the lake. So it appraised high, and we're still working out the details of how we can make it affordable for her and keep it in the family. What happened to your mom's lake house?