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Forum » Stock Market under 29,000, down nearly 500 in 30 minutes
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Thread: Stock Market under 29,000, down nearly 500 in 30 minutes

post 1668341843 09-23-2022, 10:24 AM
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#31
  1. MajorTendonitis
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Originally Posted By jackamo2887⏩
If you're under 40, this is like buying everything for a massive discount.
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
Back with my Fam
post 1668341993 09-23-2022, 10:26 AM
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#32
  1. frankdtank20
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Originally Posted By Unstumpable⏩
Still a long ways to go down boyos!
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.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1668342093 09-23-2022, 10:28 AM
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#33
  1. _zman
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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.
Originally Posted By MuscleXtreme⏩
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.
I don't give a fuk about $1k in interest tho.
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post 1668342133 09-23-2022, 10:29 AM
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#34
  1. Destor
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We haven’t seen rock bottom until people sell their Apple and walk away in disdain

Apple and Microsoft together are such a massive piece of the indices
post 1668342153 09-23-2022, 10:29 AM
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#35
  1. MuscleXtreme
  2. INTJ - Christian
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Originally Posted By MajorTendonitis⏩
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
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?

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.
post 1668342233 09-23-2022, 10:29 AM
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#36
  1. OptimusTrajan
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It's going back to normal.

Capitalism's continual growth is a fallacy.
post 1668342263 09-23-2022, 10:30 AM
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#37
  1. Duckliver
  2. Offal
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Originally Posted By jackamo2887⏩
If you're under 40, this is like buying everything for a massive discount.
If you waited 15 minutes the discount just got bigger!
post 1668342493 09-23-2022, 10:33 AM
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#38
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Havent even logged into my portfolio this year CREW.
Vanguard must think i have died CREW.
post 1668342573 09-23-2022, 10:35 AM
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#39
  1. redmelly
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Originally Posted By OffwhiteBrah⏩
I am. Every month with my blindfold on I put $500 in my ETF or Index fund.
post 1668342753 09-23-2022, 10:38 AM
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#40
  1. Duckliver
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Originally Posted By HMFIC_BROWSIN⏩
Havent even logged into my portfolio this year CREW.
Vanguard must think i have died CREW.
Statistically the demographic of people who perform best in the market are those who died and never had their accounts closed.

https://theconservativeincomeinvesto...tors-are-dead/
post 1668342823 09-23-2022, 10:40 AM
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#41
  1. leoaa777
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Just delete the app bro
☆ Member of the Brave 767 crew ☆ Never forget.
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post 1668342953 09-23-2022, 10:42 AM
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#42
  1. Babayagawick85
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Lets go Brandon!!!!!
post 1668343143 09-23-2022, 10:46 AM
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#43
  1. ghostfacedup
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At least no more MEAN TWEETS THOOOOOOOOO!!!!
post 1668343473 09-23-2022, 10:51 AM
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#44
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This is a gift if you're young and not stupid.
post 1668343623 09-23-2022, 10:54 AM
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#45
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I turned my 401k into cash a few months back after it dipped. Will wait for it to bottom and load up.
post 1668345053 09-23-2022, 11:19 AM
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#46
  1. naich
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Originally Posted By saltypits⏩
It's still higher than pre March-2020 levels.
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....
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post 1668345303 09-23-2022, 11:23 AM
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#47
  1. sword_
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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 /
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post 1668346493 09-23-2022, 11:44 AM
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#48
  1. _zman
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Originally Posted By naich⏩
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....
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.
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post 1668346653 09-23-2022, 11:47 AM
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#49
  1. 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.
post 1668346793 09-23-2022, 11:48 AM
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#50
  1. katya422
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Most interesting chatter, most within the last hour or so.














Also my dumb butt didn't get the trash put out and the garbagemen already came by.
INTP Crew
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post 1668347293 09-23-2022, 11:56 AM
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#51
  1. Supaduck0
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Rajc predicted this a month ago srs
Person
post 1668347483 09-23-2022, 11:59 AM
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#52
  1. 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?
Motorcycle crew
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post 1668347553 09-23-2022, 12:01 PM
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#53
  1. 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.
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post 1668347723 09-23-2022, 12:04 PM
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#54
  1. Briisk
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So this is the nail in the coffin where the stonks just keep going down and down huh
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post 1668347853 09-23-2022, 12:07 PM
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#55
  1. FAPhaggot
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Originally Posted By Briisk⏩
So this is the nail in the coffin where the stonks just keep going down and down huh
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.
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post 1668347923 09-23-2022, 12:08 PM
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#56
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Originally Posted By Briisk⏩
So this is the nail in the coffin where the stonks just keep going down and down huh
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....
Everything I post is satire.
Tricknology Grand Master.
post 1668347943 09-23-2022, 12:08 PM
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#57
  1. 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.
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post 1668348083 09-23-2022, 12:10 PM
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#58
  1. FAPhaggot
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Originally Posted By backinbusiness⏩
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.
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.
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post 1668348123 09-23-2022, 12:12 PM
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#59
  1. 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
*Tolerance is the lube that slides the dildo of dysfunction into the ass of civilized society*

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As always: not medical advice but medical opinion crew
post 1668348133 09-23-2022, 12:12 PM
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#60
  1. backinbusiness
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Originally Posted By FA*******⏩
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.
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.
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.
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