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Joined: Sep 2003
Posts: 23,525 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,525 Likes: 16 |
I wish I had money to spend on the down market right now
My attitude is you have to be in it, if the whole thing goes to schit your money is worthless anyways
the currency turns to ammo. Not at all.
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Joined: Dec 2008
Posts: 8,331 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,331 Likes: 2 |
But just think....99cent gas, Mary Jane Rottenkrotch prices from high school days I'll be able to fill my old vette for $15, and drive 150 miles, sweet.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Jun 2006
Posts: 10,520 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,520 Likes: 1 |
I predicted this............ Except my timing was off. My prediction had this happening closer to election day so the current president can get blamed. It IS an election year.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
I wish I had money to spend on the down market right now
My attitude is you have to be in it, if the whole thing goes to schit your money is worthless anyways
the currency turns to ammo. Not at all. Care to explain Joel ?
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Sep 2011
Posts: 61,240 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 61,240 Likes: 30 |
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Jan 2005
Posts: 57,494
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
Posts: 57,494 |
sky is falling sky is falling. This [bleep] gets old. In it for the long run or not at all IMHO.
But to run around panicking when it falls, after having made 30% plus is nuts. Its not going to constantly go up or everyone would be rich... Not sure if you have been paying attention but $28 oil, a price war, and a global recession isn’t exactly something to be ignored. The fact that so many just assume that things will return to normal in no time at at is actually more worrisome than what is going on. Just because things went back up after 2009 doesn’t mean it’s going to happen again. We are running out of options as far as rate cuts etc. I never said return to normal in a short time. I just said its not falling, its like global temps. Doing what it does. We will survive one way or another. Others I suppose ymmv could apply but this constant worry is nuts. We just take it day by day. Started with nothing, can go back and survive just fine and be happy as we are now. Its not complicated really.
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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Joined: Jan 2001
Posts: 14,343
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 14,343 |
Could be much worse that the last one on 2007... can't cut interest, can't hand out bailouts, can't lower taxes... That all has already been done just to prop up Trumps artificial economy.
This one is going to be painful.
Phil
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Could be much worse that the last one on 2007... can't cut interest, can't hand out bailouts, can't lower taxes... That all has already been done just to prop up Trumps artificial economy.
This one is going to be painful.
Phil You never learn. The FED has many options and this is no subprime meltdown.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Jan 2005
Posts: 57,494
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
Posts: 57,494 |
I'm gonna just guess, a TDS post....
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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Joined: Sep 2003
Posts: 23,525 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,525 Likes: 16 |
The whole thing can go to [bleep], and your money will not be worthless. If anything, having liquid cash will be more important than ever. Nobody knows how this will play out. Every sensible person will be preparing for a global recession, a tanked stock market, and a pandemic. That’s not “the sky is falling”, it’s being smart. If our healthcare system becomes overwhelmed and most folks stay home and work from home, which direction do you think the markets will keep heading once those quarterly earnings reports start coming out? I wish I had money to spend on the down market right now
My attitude is you have to be in it, if the whole thing goes to schit your money is worthless anyways
the currency turns to ammo. Not at all. Care to explain Joel ?
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Joined: Jun 2012
Posts: 4,614 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,614 Likes: 2 |
I’d bet big money that Warren Buffett is buying.
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
You are the carbon they want to eliminate !
I’m Uber Deplorable Ultra MAGA !
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Joined: Dec 2008
Posts: 8,331 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,331 Likes: 2 |
I predicted this............ Except my timing was off. My prediction had this happening closer to election day so the current president can get blamed. It IS an election year. The 10yr and 30yr inversion last year and over priced stock mark indicated a correction this year. No one could have predicted the corona virus. I cashed out of all my realestate investments last year, I have a small amount in bond in my 401k, no stock position. At some point I'll have to decide where to invest as this thing shakes out and presents opportunity's. Things that look cheap might not be at this point.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Jan 2006
Posts: 5,714 Likes: 7
Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
Posts: 5,714 Likes: 7 |
Am hoping we see a 50% correction from the all time highs as I been easing back into the market in 5% increments. Then when the coronavirus news wears itself out and Trump is reelected the climb back up will be awesome!!!
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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Joined: Jan 2012
Posts: 26,647 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,647 Likes: 7 |
Could be much worse that the last one on 2007... can't cut interest, can't hand out bailouts, can't lower taxes... That all has already been done just to prop up Trumps artificial economy.
This one is going to be painful.
Phil You never disappoint.....
FJB & FJT
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Joined: Jan 2005
Posts: 57,494
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
Posts: 57,494 |
Yep, as you said prepared. But a pandemic or this corona thing won't last forever. And a good thinning of numbers of humans would not hurt either.
OTOH short term cash is important. Long term cash isn't anything but paper. So it depends on what you think.
Bottom line to any of it really is, are you prepared to live for a year or more without anything else and survive? I would have thought any of us could.
Only way to know is to wake up in the morning and see what the next day brings.
Obviously since we have land in 2 different states and enough "stuff" to survive even if surviving isn't easy, I'm just not really worried. Plus if one dies, one doesn't have to worry anymore either. And there is good in death for us, its a beginning, not an end. In the meantime I tend to let God drive and we ride and we'll deal with it however we have to. Almost interesting this is happening in Lent on top of it but I digress
Regardless thinking we can control things on any level is just kind of nuts and it doesn't prepare folks well. expecting the unknown and being able to deal with it mentally and physically is where its at IMHO. We may loose every penny we had. We may not. In the meantime move forward and prepare for Tuesday.
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
I’d bet big money that Warren Buffett is buying. I’ll bet that your bet is correct.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Apr 2011
Posts: 152,296 Likes: 38
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 152,296 Likes: 38 |
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Joined: Jan 2001
Posts: 14,343
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 14,343 |
Hell, this was just a couple months ago. Linkand today: LinkPhil
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Hell, this was just a couple months ago. Linkand today: LinkPhil Well,,,,,,,apparently it’s time to go find a tall building to jump off of. Yep, it’s that bad. You go first.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Dec 2005
Posts: 10,321 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 10,321 Likes: 3 |
My prediction.....
By early to mid summer, the 'crises' will have settled down and the market will by climbing back, UN-employment will be improving.......
ALL going into the General Election.....
In SPITE of what the DEMs and MSM(I repeat myself) are trying to sell......
IMHO.....
Last edited by muffin; 03/09/20.
"...A man's rights rest in three boxes: the ballot box, the jury box and the cartridge box..." Frederick Douglass, 1867
( . Y . )
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