OT: stock market
- Thread starter Lincoln100
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Was looking at the DJIA movements earlier today. It has taken 3 years to recover to the previous high the last two times the market took a big dip.
Unless you MUST HAVE the money right away my advice is just about always to accumulate and hold. People my age (mid 30s) are freaking out about their 401(k)s this week and it makes me want to slap them.
Don't touch it, keep contributing, switch to less volatile asset classes as you near retirement if you need to tap the money immediately and you're risk averse.
People act like they need to activate some armageddon strategy when the Dow sheds a few thousand points. Either it will do what it did every other time and recover all its losses and then some, or civilization will collapse and we'll all just be busy trying not to starve to death in the dark anyhow. Why worry?
Unless you MUST HAVE the money right away my advice is just about always to accumulate and hold. People my age (mid 30s) are freaking out about their 401(k)s this week and it makes me want to slap them.
Don't touch it, keep contributing, switch to less volatile asset classes as you near retirement if you need to tap the money immediately and you're risk averse.
People act like they need to activate some armageddon strategy when the Dow sheds a few thousand points. Either it will do what it did every other time and recover all its losses and then some, or civilization will collapse and we'll all just be busy trying not to starve to death in the dark anyhow. Why worry?
When you’re that young why panic in your 401K.. Don’t they know they get more shares when the market is down..That’s a good thing.. Stay the course don’t jump off the ship in stormy weather.
As long as the roots are not severed, all is well, and all will be well, in the garden. In a garden, growth has its season. First comes spring and summer, and then we have fall and winter. And then we get spring and summer again.
This is flat screaming to me to duck after new year. Relief rallies like this happen because things are short term overdone... but today was nuts. It flat screams that it isn't real (mostly short covering for tax purposes and because pushing bets into a santa claus rally is stupid when you can reset higher).
Enjoy santa claus... while it lasts. All the shorts are doing is taking their profits/losses before the new year so they can reset them the day after.
Also... the big boys aren't even there right now. Extremely light volume.
Enjoy it until jan 2. Then duck (or short if you are comfortable).
Enjoy santa claus... while it lasts. All the shorts are doing is taking their profits/losses before the new year so they can reset them the day after.
Also... the big boys aren't even there right now. Extremely light volume.
Enjoy it until jan 2. Then duck (or short if you are comfortable).
Completely agree. This isn't a park and forget it market
@PeliniTheCrutch said; "Good deal. Give me any time when Obama was president and he took credit for the Dow number. Once you do that, I will give you maybe 6000 tweets from your boy taking credit for the stock market."
Now you're moving the goal post. I clearly stated that both Obama & Trump try to take credit for when the economy does well. You said I was wrong, I said prove it and you narrow it down to only 1) when Obama was POTUS and 2) who claimed it more often.
Obama, "When you hear how great the economy's doing right now, let's just remember when this recovery started...." He wasn't POTUS when he said it, but he still said it which is what my claim was. Trump talks about it much more than Obama. I never claimed that he didn't.
I went to bat and it worked out just swell.
Now you're moving the goal post. I clearly stated that both Obama & Trump try to take credit for when the economy does well. You said I was wrong, I said prove it and you narrow it down to only 1) when Obama was POTUS and 2) who claimed it more often.
Obama, "When you hear how great the economy's doing right now, let's just remember when this recovery started...." He wasn't POTUS when he said it, but he still said it which is what my claim was. Trump talks about it much more than Obama. I never claimed that he didn't.
I went to bat and it worked out just swell.
Economy would have tanked under Hillary..
@Pelini is a homer, so I feel for him. Each side of the aisle has them. Every politician in the history of politics takes credit for the good, and minimizes their involvement/culpability in the bad; that's what makes them perfect politicians. But it sure is fun to see the Rachel Maddows and Sean Hannitys of each side blow a gasket.
Country would have tanked under that dumb beaver.
And ... ISIS and North Korea would still be terrorizing the world.
I love when people get mad about other people for taking credit about things...only to later try and call out people for what they said and taking credit for being correct about the opposite.
Not a chance. You aren't paying attention to this board! You're a fat old white man, like 98% of this board, including all of the mods, so we're (me fat old white too) are good.
I work (currently) in construction labor, and it is absolutely on fire in Florida.
These projects are 1-2 years out.
I would look for weakness into late 2020. I think we are good till then, ASSUMING Trump gets this trade gaffe cleaned-up and the government back online.
Who knows with that guy's ***.
Shot across the bow here. Get ready to re-allocate in a year. Passive investors beware.
These projects are 1-2 years out.
I would look for weakness into late 2020. I think we are good till then, ASSUMING Trump gets this trade gaffe cleaned-up and the government back online.
Who knows with that guy's ***.
Shot across the bow here. Get ready to re-allocate in a year. Passive investors beware.
Like previously said, if you’re not close to retirement, stop looking at your statements. I don’t. Once a year I look at the balance. Just keep feeding your 401k and IRAs and close your eyes.
Also, get ready, a recession is coming. It would have happened no matter who is in the White House. We’ve been in an artificial bull market for too long. The government has been proving up the economy since the last recession and it is going to correct sooner than later.
The current White House has helped in certain areas and hurt in others. The tariffs are a problem (and I say that as somebody that benefits with steel mills doing well). The tax cuts were great. The spending, as always, is a problem. Cutting ridiculous and overreaching regulations has been great. If the president would stop pulling out of nowhere left turns and saying asinine things on Twitter, the market would have more stability.
If you’re close to retirement, don’t listen to anybody on here, myself included. There ar too many variables that are specific to you. Get with a financial advisor and read a lot of books and websites. Ask questions. Don’t gamble late.
Also, get ready, a recession is coming. It would have happened no matter who is in the White House. We’ve been in an artificial bull market for too long. The government has been proving up the economy since the last recession and it is going to correct sooner than later.
The current White House has helped in certain areas and hurt in others. The tariffs are a problem (and I say that as somebody that benefits with steel mills doing well). The tax cuts were great. The spending, as always, is a problem. Cutting ridiculous and overreaching regulations has been great. If the president would stop pulling out of nowhere left turns and saying asinine things on Twitter, the market would have more stability.
If you’re close to retirement, don’t listen to anybody on here, myself included. There ar too many variables that are specific to you. Get with a financial advisor and read a lot of books and websites. Ask questions. Don’t gamble late.
Sorry, you are if you have certain political views, so deal with it!I may be old but I’m not FAT!
How dare you assume my gender. And I’m in my early 30’s, thank you very much. However, you have me pegged, I’m as pale as a ghost.
The stock market is the most consistent thing of all time, it goes up about 10percent a year over the long run. It may lose 25 percent one year and gain it back the next.
The bottom line is stay the course and watch your money double every 7.2 years. It's worked good for me.
The bottom line is stay the course and watch your money double every 7.2 years. It's worked good for me.
Roadhouse best "B" movie ever, hands down, no other movie comes close.
Classic.
“B” movie? Get the F outta here with that classification. Kelly Lynch doesn’t get naked in “B” movies.
You think Marshall Teague would have spent all that time as Logan on MacGyver if he didn’t know he could someday step up to the big leagues and play Jimmy in Road House?!!!!
So I that it you have a problem with old fat people?
what ever happened to Kelly lynch?
My boy? That's so Hannity of you. Or is it Maddowy? No need to apologize for being presumptive and uninformed, it's a big part of the I'm-so-much-smarter-and-they-couldn't-possibly-have-a-good-point-about-anything-ever group that you associate yourself with.
The stock market is reacting primarily to the rise in interest rates (which is indicative of a very good economy after a decade of near-0 interest rates). I believe the fed should be more measured in raising rates since we have been in a cooling period over the past 6 months, but they will do what they do. There are other factors at work including the China tariffs, the government shutdown and the potential for gridlock in Washington with the dems in control of the house, and the natural ebb and flow of the market. The stock market likes a stable and generally republican-led government.
Obama really did little to nothing to improve the economy. The stimulus packages were started by Bush Jr and were carried on with little benefit by Obama. The collapse of the subprime lenders, end of the tidal wave of foreclosures engendered by these lenders, and stabilization of the housing market in the ensuing years brought about the recovery. Obama's stimulus measures (Cash for Clunkers) were a joke, really.
Obama really did little to nothing to improve the economy. The stimulus packages were started by Bush Jr and were carried on with little benefit by Obama. The collapse of the subprime lenders, end of the tidal wave of foreclosures engendered by these lenders, and stabilization of the housing market in the ensuing years brought about the recovery. Obama's stimulus measures (Cash for Clunkers) were a joke, really.
If you all haven't read how Buffet's basket of passive S&P stocks absolutely destroyed all the active managers in his million dollar bet, look it up.
Gretna is correct, we are due for a recession. The tarriffs along with rate hikes are speeding it into existence. Credit card defaults are ticking up, more bells are ringing.
Gretna is correct, we are due for a recession. The tarriffs along with rate hikes are speeding it into existence. Credit card defaults are ticking up, more bells are ringing.
Lol your bias is flapping out there in the wind. Crediting Bush for the recovery and ignoring the near-depression itself is amazing.
Somebody lock this thing...
Rate hikes are going to happen, we all know that. Here is what I want to know...How the **** did people buy houses when the ******* rate was over 15%? Good lord.
The historical average is more like 8% I believe if you take out the ridiculous run up we've had most recently. We're WAY overcooked and it will come back to the long term trend line. The Fed will make sure of that with interest rate hikes.
We bought our first house with no money down at 18% interest. The builder was very happy to come down about 12K, finish the basement and put in a fireplace just to get it off the books. We should have held on to that house about 2 years longer than we did. Had to relocate for 2 years and didn't want to rent it out. By the time we moved back rates were down and the RE market was taking off.
IMO. One of the biggest risks is not taking enough risk. Jumping out of the market is not a high return option.
As John Bogle says. Don’t just do something, stand there. As long as your thesis on your position is valid.
As John Bogle says. Don’t just do something, stand there. As long as your thesis on your position is valid.
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