Results 7,201 to 7,225 of 18222
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12-24-2018, 04:24 PM #7201
Is the stock market going to tank?
From the sounds of things, reality is just beginning to set in for many. Capitulation may not be far, plus a good spike in Vol will seal the deal.
But god damn, even then, this mkt is still up so much. In 2008 capitulation took us back 10 yrs.
Sent from my iPhone using TGR ForumsLast edited by Cono Este; 12-24-2018 at 05:48 PM.
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12-24-2018, 04:33 PM #7202
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12-24-2018, 06:07 PM #7203
When the Trump movie(s) is/are made, a priceless scene will be Munchin phoning, first, the boss and taking his shit at high volume while he listens on speaker phone in Cabo in his speedo, and then, all coked up, thinks it's a good idea to do this call, this don't worry, liquidity is endless, to the bankers. The wife walks into the room after getting banged by two BBCs by the pool and starts whining that she needs another tit job. The old one is sagging.
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12-24-2018, 06:20 PM #7204Registered User
- Join Date
- Feb 2010
- Location
- Kellogg
- Posts
- 80
Possible but not likely bounce to 2500 after Christmas if we get lucky. Headed to 2189 in the very near term. Then lower once Q4 gdp data comes out, should have a 1 handle. Final lows for this correction should be around 2008 highs
All ways look out for Jerry
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12-24-2018, 07:18 PM #7205
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12-24-2018, 07:30 PM #7206
Is the stock market going to tank?
After every oil price bust it’s cheap truck/RV/sled/boat season in Alberta
Bertans are like one day millionaires after they get their welly cheque
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12-24-2018, 07:33 PM #7207Registered User
- Join Date
- Feb 2010
- Location
- Kellogg
- Posts
- 80
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12-24-2018, 07:52 PM #7208
Gas has been the biggest expense for my day trips and weekenders past 5 years. $1.50/gallon gas would be great next month when I have a couple penciled in on very tight cashflow myself. Just keeping my fingers crossed that the new job isn't in jeopardy in a full bottom drop. Honestly, I feel pretty good about things for both myself and mrs surviving in a bloodbath like this. It's the folks who can't do the heavy lifting but earn high pay on reputation instead of abilities that get thrown overboard when the boat is sinking..
Go that way really REALLY fast. If something gets in your way, TURN!
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12-24-2018, 08:07 PM #7209
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12-24-2018, 08:35 PM #7210
It’s an ill wind that doesn’t blow someone some good and should we experience another financial debacle, at least I will be able to take solace in the fact that Benny will be enjoying the hell out of it.
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12-24-2018, 08:54 PM #7211
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12-24-2018, 08:59 PM #7212
No shit. Its gonna suck for almost all of us.
Thats why your gleeful posts about it stand out in my mind.
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12-24-2018, 09:07 PM #7213
That piece of shit had plenty of support from all the big lobbies who wanted that tax bill slammed through and signed. Many of them are still protecting 45 and accessories to the treason happening right before our eyes for fear of losing everything they gained the past year including two US Supreme Court justices if it comes out that 45 and his shadow wasn't actually fairly elected. Now they're shitting bricks at the prospect of President Pelosi and the markets are reflecting that anxiety.
Go that way really REALLY fast. If something gets in your way, TURN!
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12-24-2018, 09:17 PM #7214
Free money was being printed since before Obama. We never fixed the problem the first time. Quantitative easing has come home to roost.
Sent from my iPhone using TGR Forums
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12-24-2018, 09:26 PM #7215Go that way really REALLY fast. If something gets in your way, TURN!
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12-24-2018, 09:48 PM #7216
Nikkei down 1000 pts. 5%. 19130. That’s a big move.
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12-24-2018, 11:24 PM #7217
Um, not really. Greenspan dropped rates down to nearly 1% after 9/11 from a normalish 6, but then they rose back up to 5 before the financial crisis, when, of course, they were dropped to essentially zero, which we are just now climbing out of to "normal" levels. We haven't seen such free money for decades, and theres a good argument that savers should be rewarded with decent returns instead of the Fed encouraging such speculation, which results in absurdities like billion dollar losing companies like Tesla and Uber worth more than blue chip profit making international corporations.
The markets would be fine with gradual rate rises. Its been going on for some time, and its priced in. Yeah, some people dont like it, but, what they really dont like is this craziness and unpredictability. The markets do not want a trade war, they dont want political turmoil, and they certainly dont want the Fed to be fucked with in such a blatant manner. Everybody thought we could wait this asshole out with minimal damage, but, that isnt happening, it seems. Like I said, fuck with the military and fuck with rich people, especially the latter, and he's going to get fucked back in a bad way, sooner or later. Hitler had his brown shirts, Mussolini had his boys, but he forgot to establish his own little malitia to protect him before he started this shit. He has no friends, none, and his core supporters are at most 15-20% of the public, so he's doomed because of that, but he's going to take us all down with him if he isn't stopped soon.
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12-24-2018, 11:28 PM #7218
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12-24-2018, 11:33 PM #7219Funky But Chic
- Join Date
- Sep 2001
- Location
- The Cone of Uncertainty
- Posts
- 49,306
Seen a lot of posts from Benny but I can't recall any gleeful ones.
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12-24-2018, 11:34 PM #7220
I like Ice Cream!
Edit: I just thought of something.
I was at Stowe last Tuesday. Rough day. Half the lifts we're closed due to wind. Not a ton of Glee in the air unless you found the tree stashes. Anyway, I'm taking my boots off in the Mansfield Lodge, drinking an Irish coffee, when I notice a little girl, maybe 8 or 9 walking over to the table next to me holding a hot chocolate with a big hit of whipped cream on the top. The look on her face, it was priceless. This is what she was looking forward to all day, you could tell. She held that hot chocolate like a little kitten as she settled in, smiling at her grandparents. They didn't seem too happy, but, she ignored their talk, and just smiled and drank her hot chocolate with the whipped cream, slowly and methodically. Pure joy. I know that whipped cream was excellent, because it was on top of my Irish coffee. When she got home and her Mom asked her how her day was, I'll bet that she said the skiing was ok, but, Mom! Grandma bought me the best hot chocolate! It was so good! She'll always remember that hot chocolate at Stowe. The skiing? Maybe.Last edited by Benny Profane; 12-25-2018 at 09:21 AM.
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12-25-2018, 12:53 AM #7221
It’s not too late to sell. 2400 is still pretty good if you’ve been long for more than a few years. No bellyaching if you’re just going to ride your allocation down and do nothing.
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12-25-2018, 01:01 AM #7222
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12-25-2018, 01:32 AM #7223Banned
- Join Date
- Mar 2014
- Posts
- 498
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12-25-2018, 04:42 AM #7224
Dude, we didn't vote for him. Yeah, everybody likes tax cuts, but, c'mon.
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12-25-2018, 07:05 AM #7225
You know, here we go again. A common refrain from dumbass retired folk is, boo hoo, I "lost" all my retirement savings in 08 when the market crashed. No you didn't . You followed this stupid advice. You sold when you were down, just like you probably bought when the market was high. It was your own damn fault. The market was/is up since then, what, double? Triple? The only people who "lose" money have margin calls and /or placed their futures bets wrong. Just chill. Shit happens.
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