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Stock Market under 29,000, down nearly 500 in 30 minutes
09-23-2022, 10:24 AM
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#31
- MajorTendonitis
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Originally Posted By jackamo2887⏩
This is true. The ones getting screwed over the worse are guys like me. Almost down 1/5th of my portfolio since Jan, and obviously this is just the beginning.If you're under 40, this is like buying everything for a massive discount.
You don’t have to be a rocket scientist to see this coming though , as you can’t just keep on printing and handing out money without it ending in an economic collapse at some point
Back with my Fam
09-23-2022, 10:26 AM
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#32
- frankdtank20
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- frankdtank20
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Originally Posted By Unstumpable⏩
Down just a bit more than 20% in 2022. I suspect we will see an over 25% drop but not 30% before the end of the year.Still a long ways to go down boyos!
Yeah Buddyyy! Light weight! Light weight baby!!!!
09-23-2022, 10:28 AM
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#33
It's almost as if changing the definition of a recession doesn't change the fact that we're in a recession.
Next up is Stagflation.
Welcome to Biden's America.
Next up is Stagflation.
Welcome to Biden's America.
Originally Posted By MuscleXtreme⏩
I don't give a fuk about $1k in interest tho.Might be the smart move going forward. I’m not sure what the interest penalty is for early withdrawal (3 months interest, I think, but correct me).
Real estate cap rate is I think around 4.5-5%, so it would make sense to take a risk free investment at 9.62% and do nothing rather than actively manage a portfolio.
Real estate cap rate is I think around 4.5-5%, so it would make sense to take a risk free investment at 9.62% and do nothing rather than actively manage a portfolio.
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09-23-2022, 10:29 AM
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#34
09-23-2022, 10:29 AM
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#35
- MuscleXtreme
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- MuscleXtreme
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Originally Posted By MajorTendonitis⏩
Yeah it would suck if you’re retiring soon, but if you have enough in your portfolio you should be able to ride it out. Have you diversified outside or just stocks/bonds for retirement income?This is true. The ones getting screwed over the worse are guys like me. Almost down 1/5th of my portfolio since Jan, and obviously this is just the beginning.
You don’t have to be a rocket scientist to see this coming though , as you can’t just keep on printing and handing out money without it ending in an economic collapse at some point
You don’t have to be a rocket scientist to see this coming though , as you can’t just keep on printing and handing out money without it ending in an economic collapse at some point
I’ve been spending a lot of time working on a retirement strategy, so definitely want to learn from those who are there or will be there soon.
09-23-2022, 10:29 AM
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#36
- OptimusTrajan
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It's going back to normal.
Capitalism's continual growth is a fallacy.
Capitalism's continual growth is a fallacy.
09-23-2022, 10:30 AM
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#37
09-23-2022, 10:33 AM
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#38
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
- Buy high, sell higher.
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Havent even logged into my portfolio this year CREW.
Vanguard must think i have died CREW.
Vanguard must think i have died CREW.
09-23-2022, 10:35 AM
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#39
09-23-2022, 10:38 AM
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#40
- Duckliver
- Offal
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- Duckliver
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Originally Posted By HMFIC_BROWSIN⏩
Statistically the demographic of people who perform best in the market are those who died and never had their accounts closed.Havent even logged into my portfolio this year CREW.
Vanguard must think i have died CREW.
Vanguard must think i have died CREW.
https://theconservativeincomeinvesto...tors-are-dead/
09-23-2022, 10:40 AM
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#41
09-23-2022, 10:42 AM
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#42
- Babayagawick85
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Lets go Brandon!!!!!
09-23-2022, 10:46 AM
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#43
- ghostfacedup
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- ghostfacedup
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At least no more MEAN TWEETS THOOOOOOOOO!!!!
09-23-2022, 10:51 AM
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#44
- turdburglar9021
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- turdburglar9021
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This is a gift if you're young and not stupid.
09-23-2022, 10:54 AM
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#45
09-23-2022, 11:19 AM
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#46
Originally Posted By saltypits⏩
Isnt that the craziest part. If we see a massive drop of another 500 points in the SandP 500 we would still be even with 2019 numbers, which was a pump year with interest rates being so low that year. Imagine if we actually flat line to sub 3000 and hold it for a year, deer god the blood bath that would create.It's still higher than pre March-2020 levels.
There are consequences when the SandP graph looks like a bitcoin graph....
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09-23-2022, 11:23 AM
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#47
- sword_
- uberschwert
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- sword_
- uberschwert
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Gonna buy another gun today lmao.
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
Dominant Islamic, Asiatic Black Hebrew
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09-23-2022, 11:44 AM
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#48
Originally Posted By naich⏩
That was my prediction 2 years ago. But ya never know how much money they're gonna print. I think we'll see chop till republicans take the house and senate, possibly chop till 2024.Isnt that the craziest part. If we see a massive drop of another 500 points in the SandP 500 we would still be even with 2019 numbers, which was a pump year with interest rates being so low that year. Imagine if we actually flat line to sub 3000 and hold it for a year, deer god the blood bath that would create.
There are consequences when the SandP graph looks like a bitcoin graph....
There are consequences when the SandP graph looks like a bitcoin graph....
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09-23-2022, 11:47 AM
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#49
- Destor
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- Destor
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Maybe we should drop below 2019 levels, maybe financial rules developed over the last 20-30 years do not apply anymore and the book needs to be rewritten.
Past performance is not indicative of future results, there's a lot happening in the world right now and society headed towards deglobalization could mean that the entire growth equation needs to be rethought. Or maybe it'll all be fine.
Past performance is not indicative of future results, there's a lot happening in the world right now and society headed towards deglobalization could mean that the entire growth equation needs to be rethought. Or maybe it'll all be fine.
09-23-2022, 11:48 AM
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#50
09-23-2022, 11:56 AM
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#51
09-23-2022, 11:59 AM
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#52
- Kev1972
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- Kev1972
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[QUOTE=katya422 post_id=1668346793]Most interesting chatter, most within the last hour or so.
[img]https://i.imgur.com/14pkJiF.png[/img]
[img]https://i.imgur.com/V8C4Kpq.png[mg]
[img]https://i.imgur.com/a6PRNws.png[mg]
[img]https://i.imgur.com/SA1VztL.png[mg]
[img]https://i.imgur.com/MjfvZt1.png[g]
[img]https://i.imgur.com/TAXg6o3.png[mg]
Also my dumb butt didn't get the trash put out and the garbagemen already came by.[img]//assets.bodybuilding.com/forum/images/smilies/tongue.gif[/img][/QUOTE]Calling bullchit. Unless they switched tracks or something, any east coast military base doing a month deployment to Ft. Irwin is going to travel through Iowa. That's happening 8-10 times a year. How else are you moving a brigade from North Carolina to central California for a training deployment?
[img]https://i.imgur.com/14pkJiF.png[/img]
[img]https://i.imgur.com/V8C4Kpq.png[mg]
[img]https://i.imgur.com/a6PRNws.png[mg]
[img]https://i.imgur.com/SA1VztL.png[mg]
[img]https://i.imgur.com/MjfvZt1.png[g]
[img]https://i.imgur.com/TAXg6o3.png[mg]
Also my dumb butt didn't get the trash put out and the garbagemen already came by.[img]//assets.bodybuilding.com/forum/images/smilies/tongue.gif[/img][/QUOTE]Calling bullchit. Unless they switched tracks or something, any east coast military base doing a month deployment to Ft. Irwin is going to travel through Iowa. That's happening 8-10 times a year. How else are you moving a brigade from North Carolina to central California for a training deployment?
Motorcycle crew
Army veteran crew
One Meal a day crew
09-23-2022, 12:01 PM
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#53
- FAPhaggot
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- FAPhaggot
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So I'm just going to say this, as a hardcore right winger who voted for Trump twice and thinks Biden is a dementia-stricken ped0phile.
1.This is not Biden's economy. This is the "2 years of lockdowns and $5T of Rona money printing" economy exploding in our face, which was approved in spring 2020 with bipartisan support. It would have been EXACTLY the same situation with Trump. Both parties chose to inject epic amounts of money into the economy. The natural results were going to follow no matter who was in office.
2. The stock market falling off a cliff is intentional and it is very healthy. By 2021, stocks were the second most overvalued they had been in American history. #1 was 1999, #2 was 2021, #3 was 1929, and no other time is even close. The American economy has been chitty for 20 years, and stocks had been taken to la la land through no kind of healthy growth but through rampant money printing. Aka stealing money from your children to put in your portfolio. And we had done so much of that we had built the second biggest stock bubble ever.
Do you really WANT a market that unhealthy to keep going up? "Oh yeah baby, build that bubble higher. Let's inject more public debt into the market. Push inflation higher, oh yeah." Inflation NEEDED to stop, the deficit spending NEEDED to stop, and as a result, the market NEEDED to come down. I am far more scared of a stock market that keeps going up past Black Tuesday 1929 valuations than one that declines from them.
1.This is not Biden's economy. This is the "2 years of lockdowns and $5T of Rona money printing" economy exploding in our face, which was approved in spring 2020 with bipartisan support. It would have been EXACTLY the same situation with Trump. Both parties chose to inject epic amounts of money into the economy. The natural results were going to follow no matter who was in office.
2. The stock market falling off a cliff is intentional and it is very healthy. By 2021, stocks were the second most overvalued they had been in American history. #1 was 1999, #2 was 2021, #3 was 1929, and no other time is even close. The American economy has been chitty for 20 years, and stocks had been taken to la la land through no kind of healthy growth but through rampant money printing. Aka stealing money from your children to put in your portfolio. And we had done so much of that we had built the second biggest stock bubble ever.
Do you really WANT a market that unhealthy to keep going up? "Oh yeah baby, build that bubble higher. Let's inject more public debt into the market. Push inflation higher, oh yeah." Inflation NEEDED to stop, the deficit spending NEEDED to stop, and as a result, the market NEEDED to come down. I am far more scared of a stock market that keeps going up past Black Tuesday 1929 valuations than one that declines from them.
FA Crew
Always Pick 1 Crew
"Experience is something you get right after you need it."
09-23-2022, 12:04 PM
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#54
- Briisk
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- Briisk
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So this is the nail in the coffin where the stonks just keep going down and down huh
14-9 total correct guesses (1st place), 61% accurate - Lyon Gaultier Presents Euro 2012 Contest ||| 45-33 total correct guesses (4th place), 58% accurate - 2014 World Cup Pick Em' Giveaway by Lyon Gaultier
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09-23-2022, 12:07 PM
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#55
- FAPhaggot
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- FAPhaggot
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Originally Posted By Briisk⏩
We rallied from SPY $360 to SPY $410 on nothing but hopium that inflation would cool down and the Fed could pivot back to cheap money. Inflation didn't cool down and the Fed basically told bulls to get stuffed. We're heading at least to $360 and likely to retest lower. My guess is we bounce at SPY $340 for the next hopium rally.So this is the nail in the coffin where the stonks just keep going down and down huh
FA Crew
Always Pick 1 Crew
"Experience is something you get right after you need it."
09-23-2022, 12:08 PM
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#56
- N0stradamus
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- N0stradamus
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Originally Posted By Briisk⏩
Japan's Nikkei stock market never recovered from it's all time high in 1989.... No reason why the our stock market can't permanently stay down....So this is the nail in the coffin where the stonks just keep going down and down huh
Everything I post is satire.
Tricknology Grand Master.
09-23-2022, 12:08 PM
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#57
- backinbusiness
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- backinbusiness
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Its alright folks.
Everybody just keeps ignoring the housing crisis. Housing = your LARGEST living expense, bar NONE. And for rentcels in the last year its gone up 20%.
Houses too expensive to buy.
Apartments sky high occupancy levels.
...but we Keep adding regulations stopping homebuilders from building cheap homes.
Of course everything will be fine.
Where you gonna live if you can't afford your apartment? There isnt anywhere else to go but your car.
Fk all the other intervention, we need to incentive homebuilding at a pace nobody has seen before. Build more houses and apartments ASAP. Your representatives are absolutely ****in useless goons. Housing has been in a crisis level for a decade, but now rates are high its IMPOSSIBLE to buy and commercial interest rates make homebuilders EVEN LESS likely to expand developments.
Congress needs to get a homebuilding act going, like now. Incentivize building apartments and smaller homes, tax credit by the unit. We dont need bigger houses, we need more quantity.
Everybody just keeps ignoring the housing crisis. Housing = your LARGEST living expense, bar NONE. And for rentcels in the last year its gone up 20%.
Houses too expensive to buy.
Apartments sky high occupancy levels.
...but we Keep adding regulations stopping homebuilders from building cheap homes.
Of course everything will be fine.
Where you gonna live if you can't afford your apartment? There isnt anywhere else to go but your car.
Fk all the other intervention, we need to incentive homebuilding at a pace nobody has seen before. Build more houses and apartments ASAP. Your representatives are absolutely ****in useless goons. Housing has been in a crisis level for a decade, but now rates are high its IMPOSSIBLE to buy and commercial interest rates make homebuilders EVEN LESS likely to expand developments.
Congress needs to get a homebuilding act going, like now. Incentivize building apartments and smaller homes, tax credit by the unit. We dont need bigger houses, we need more quantity.
Misc Firearm Crew. 2nd Amendment cannot be Interpreted.
The right of the people to keep and bear arms, shall not be infringed.
2023 Goal: Continue triggering leftist R&P deranged posters and incels.
Never relax around joggers
09-23-2022, 12:10 PM
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#58
- FAPhaggot
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- FAPhaggot
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Originally Posted By backinbusiness⏩
There are more housing units per capita today than there were in 2000. The housing supply is fine. Housing demand got retarded due to Fed stimmy, but they are currently correcting their mistake.Its alright folks.
Everybody just keeps ignoring the housing crisis. Housing = your LARGEST living expense, bar NONE. And for rentcels in the last year its gone up 20%.
Houses too expensive to buy.
Apartments sky high occupancy levels.
...but we Keep adding regulations stopping homebuilders from building cheap homes.
Of course everything will be fine.
Where you gonna live if you can't afford your apartment? There isnt anywhere else to go but your car.
Fk all the other intervention, we need to incentive homebuilding at a pace nobody has seen before. Build more houses and apartments ASAP.
Everybody just keeps ignoring the housing crisis. Housing = your LARGEST living expense, bar NONE. And for rentcels in the last year its gone up 20%.
Houses too expensive to buy.
Apartments sky high occupancy levels.
...but we Keep adding regulations stopping homebuilders from building cheap homes.
Of course everything will be fine.
Where you gonna live if you can't afford your apartment? There isnt anywhere else to go but your car.
Fk all the other intervention, we need to incentive homebuilding at a pace nobody has seen before. Build more houses and apartments ASAP.
FA Crew
Always Pick 1 Crew
"Experience is something you get right after you need it."
09-23-2022, 12:12 PM
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#59
- blissful88
- Somebody's Fox
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- blissful88
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Keystone shut down the first 12 hours P3d0-in-chief took the stolen office & y'all didn't see this economy coming
Thousands of jobs deleted on day 1
The Left has turned into a Totalitarian force, wake up
Thousands of jobs deleted on day 1
The Left has turned into a Totalitarian force, wake up
*Tolerance is the lube that slides the dildo of dysfunction into the ass of civilized society*
*We didn't deserve snailsrus*
As always: not medical advice but medical opinion crew
09-23-2022, 12:12 PM
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#60
- backinbusiness
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- backinbusiness
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Originally Posted By FA*******⏩
No its not. If the housing supply was fine, multi-family units wouldnt all have occupancy rates of 90-95%. Thats why rent is going up because you dont have anywhere else to go. There's zero competition and its too expensive to buy a house.There are more housing units per capita today than there were in 2000. The housing supply is fine. Housing demand got retarded due to Fed stimmy, but they are currently correcting their mistake.
Misc Firearm Crew. 2nd Amendment cannot be Interpreted.
The right of the people to keep and bear arms, shall not be infringed.
2023 Goal: Continue triggering leftist R&P deranged posters and incels.
Never relax around joggers
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