Is the stock market going to tank?

[mcsquared]

As an idiot who has been averaging into SDS, TLT, and UVXY since late September I could use a few more days like today.

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[Benny Profane]

can any of you higher ups comment on how a run on banks by depositors would play out? like a wells or boa and smaller

2008.

People don't have their money in banks anymore.

[Timberridge]

can any of you higher ups comment on how a run on banks by depositors would play out? like a wells or boa and smaller

Just watch "Its a Wonderful Life." Fast forward to the part where Uncle Billy looses the envelope.

[4matic]

We’re going back to pre election break out levels Benny.

3000 was a well tested breakout. 11% down.

[4matic]

Hell yeah housing/building prices are going to return to some semblance of sane and just in time to do a major remodel.

Housing could hold up well. The people who don’t own much stock want homes and rates are low.

[Cono Este]

Housing could hold up well. The people who don’t own much stock want homes and rates are low.

It amazes me we’ve held up so well this month. I remember following the long shore mans strike and selling lots of puts to people. We both won.


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[up an down]

3000 was a well tested breakout. 11% down.

So far the sell off is just a flesh wound

[GeezerSteve]

Just watch "Its a Wonderful Life." Fast forward to the part where Uncle Billy looses the envelope.

Winner: Best Answer of the Month

I'm glad I sold a chunk of securities in January, although now I wish I would have sold more.

[fastfred]

Hell yeah housing/building prices are going to return to some semblance of sane and just in time to do a major remodel.

good luck so many people are on the sidelines waiting for the shit to hit the fan to remodel build and buy
with all those people waiting for the timing, how is it really going to go to shit when they are ready to go, I mean places like utica will take it in the ass but other places won't blink

the number of people who bailed on the trades in 08 and never came back is massive
shit hits the fan again and your going to wipe out another huge amount of trades people
goto any job site and ask how many people are under 40, maybe 1 out of 10 workers
there is zero hispanics becoming part of the work work force right now
it's grim
I'm not trying to get rich just keeping up with the cost of doing business insurance is stupid, trade wars, paying beginers 18 an hr, a cedar 2x12x16 is well over $100.00 WTF??????

[Benny Profane]

Breck won't even blink, and Utica can't get worse.

[4matic]

Stock prices will affect 2nd home market.

[Benny Profane]

The second home market will affect the second home market.

[Micol]

good luck so many people are on the sidelines waiting for the shit to hit the fan to remodel build and buy
with all those people waiting for the timing, how is it really going to go to shit when they are ready to go, I mean places like utica will take it in the ass but other places won't blink

the number of people who bailed on the trades in 08 and never came back is massive
shit hits the fan again and your going to wipe out another huge amount of trades people
goto any job site and ask how many people are under 40, maybe 1 out of 10 workers
there is zero hispanics becoming part of the work work force right now
it's grim
I'm not trying to get rich just keeping up with the cost of doing business insurance is stupid, trade wars, paying beginers 18 an hr, a cedar 2x12x16 is well over $100.00 WTF??????

can you comment on trades like plumbing? reason, i was going to do a spec project in breck in 2016 and i was quoted $750 a hole. i got into a battle with engineering and had to take it to county commission...by the time i prevailed it was like a year later, and i had one quote for plumbing as high as $2,250 a hole...where is this number currently?...just curious... i ended up scrapping the project and selling the lot...peak 7

[Pow4Brains]

The second home market will affect the second home market.

Yup

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[Name Redacted]

The second home market will affect the third home market.

FIFY

[Benny Profane]

Ha.

[glademaster]

reason, i was going to do a spec project in breck in 2016 and i was quoted $750 a hole. i got into a battle with engineering and had to take it to county commission... i ended up scrapping the project and selling the lot...peak 7

Reading this genuinely brought a smile to my face. We're not happy, unless you're not happy.

goto any job site and ask how many people are under 40, maybe 1 out of 10 workers
there is zero hispanics becoming part of the work work force right now
it's grim
I'm not trying to get rich just keeping up with the cost of doing business insurance is stupid, trade wars, paying beginers 18 an hr, a cedar 2x12x16 is well over $100.00 WTF??????

I think these observations are local/regional. Trades out here are full of young guys, the vast majority of them are Latino, and they have more work than they know what to do with. HVAC guys, plumbers and sparkies tend to be the youngest, most of the crews I see in those trades are in their twenties. Hardly any white boys swinging hammers out here any more.

There's more work than there are tradesmen out here at this point, even gophers are making $35-40/hour.

Tile guys around here are all seem to be Russian/eastern European. They're the real insolent scumbags, and they have the shittiest taste in music.

Can you really find anyone who will even sweep up for $18/hour? Nobody is going to lift a finger on a job site for under about $30/hour out here.

[Cono Este]

I don’t care where I buy, I care that I am always in the black. Now, if you’ve been investing a little bit every month, all your career (dentists) the sequence of returns does not apply to you until your close to retirement age. But if you are investing lump sums, it does.

There is no fucking way, I’d put new money in this mkt for at least another 20%.




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[Cono Este]

Old, rich, white guys were melting down in the locker room this morning.

The tip of the iceberg, still up big in 12 months, and they were crying.

I told them “much more to come”.

Oh, the look, was priceless.


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[4matic]

Old, rich, white guys were melting down in the locker room this morning.

The tip of the iceberg, still up big in 12 months, and they were crying.

I told them “much more to come”.

Oh, the look, was priceless.

Fuck them. Really. 20% down does nothing to the long term trend. Heck, 50% down wouldn’t even be that bad technically. 1650 was Brexit news four years ago.

[4matic]

Testing low end of the support range now at 3200. 10Y note right on all time low of 1.32%.

[Harvey44]

I've had a lot of cash sitting on the sidelines. Still not sure when to jump in, or maybe I'll just dollar cost average.

My dad (<1 year from retirement) was 100% equities as of early January. I convinced him to move to VTWNX, which he did mid January. Took about 3 hours of talking to convince him it wasn't a wise idea to be all in VTSAX when he's that close to drawing on his nest egg.

He moved it all at once?

Brilliant IMHO.

[ncskier]

Old, rich, white guys were melting down in the locker room this morning.

The tip of the iceberg, still up big in 12 months, and they were crying.

I told them “much more to come”.

Oh, the look, was priceless.


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Why so angry? Markets go up, markets go down. If those old rich white dudes as you described where my dad, I wouldn’t be happy seeing them upset. How do you know they aren’t donating tons of appreciated shares to charities or using the cash flow to care for an aging spouse with Alzheimer’s. Being happy because you like to be a contrarian doesn’t make you smart it makes you an asshole.


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[4matic]

Why so angry? Markets go up, markets go down. If those old rich white dudes as you described where my dad, I wouldn’t be happy seeing them upset. How do you know they aren’t donating tons of appreciated shares to charities or using the cash flow to care for an aging spouse with Alzheimer’s. Being happy because you like to be a contrarian doesn’t make you smart it makes you an asshole.

“First lesson in business is: Don’t get emotional about stock, clouds your judgement.”

[shroom]

still trying to understand what the point of this stock market thing is besides aggregation iof wealth. i won’t be sad when unearned money is lost, it’s a leech game we make up. bring the FUD