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Joined: Aug 2005
Posts: 4,682
Campfire Tracker
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Campfire Tracker
Joined: Aug 2005
Posts: 4,682 |
As a young man, with money saved up. Is there anything I should be doing right now? Regarding to stocks and investments. Wait-------It's going to get at worst before it gets better. It's world wide-----not just on Wall Street.
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Joined: Nov 2015
Posts: 19,242 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Nov 2015
Posts: 19,242 Likes: 2 |
Terrible again today. If the market keeps tanking, it does not bode well for Trump, even though it is not his fault. This is his economy, and just as he stands to gain when it's doing well, he will suffer when it goes bad.
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Joined: Jan 2002
Posts: 12,880 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,880 Likes: 5 |
As a young man, with money saved up. Is there anything I should be doing right now? Regarding to stocks and investments. buy low, sell high. Dollar cost average in and out. Bears make money, bulls make money, pigs get slaughtered.... The best way to get rich quick is to get rich slow.
Sic Semper Tyrannis
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
As a young man, with money saved up. Is there anything I should be doing right now? Regarding to stocks and investments. buy low, sell high. Dollar cost average in and out. Bears make money, bulls make money, pigs get slaughtered.... The best way to get rich quick is to get rich slow. “Get Rich Slowly” by Charlie Ellis is a worthwhile read.
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: Aug 2019
Posts: 1,701
Campfire Regular
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Campfire Regular
Joined: Aug 2019
Posts: 1,701 |
Terrible again today. If the market keeps tanking, it does not bode well for Trump, even though it is not his fault. This is his economy, and just as he stands to gain when it's doing well, he will suffer when it goes bad. If he gets to brag and take the claim to fame when its doing well, its his problem when its bad... plain and simple.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
Why did the FED just increase the REPO window from $150BIL to $175BIL….hmmm? https://www.newyorkfed.org/markets/...repurchase-agreement-operational-detailsOVERNIGHT OPERATIONS DATES AGGREGATE OPERATION LIMIT
Thursday, 3/12/2020 - Monday, 4/13/2020* At least $175 billionRemember what I told you guys 2 days ago about the REPO window? All of the bank’s collateral on their books is worthless junk, and no bank wants to hold that hot potato…even for 1 night, so the government has to step in. Now the government (Tax payer-YOU) is stepping in to hold the hot potato (Bad collateral). Isn’t that nice of the government to remove the risk of failure from private enterprises, and place that risk on the taxpayer’s back? If somebody walked up to you and placed a turd in your hand, would you loan them money against the value of the turd? This “depression” is just starting. Just wait until the healthcare system BK’s the states and pensions. You haven’t seen anything yet. 2019: Healthcare - $1.5T Defense - $.75T Debt service .325T approx Ttl – $2.5Ttl approx Healthcare cost rate of climb 8% / yr, but last report, it jumped to 12% Cost of Medicare: 2020 / $1.50T x .08 = $1.62T 2021 / $1.62T x .08 = $1.75T 2022 / $1.75T x .08 = $1.89T 2023 / $1.89T x .08 = $2.04T 2024 / $2.04T x .08 = $2.20T 2024: Medicare - $2.2T Defense - $.75T Debt service - $.325T Total – $3.275T approximate 2024 - healthcare, defense, debt service costs total tax receipts. BOOM – Welcome to Argentina, Venezuela, Zimbabwe, [U.S.A.] POOF – your money just went up in smoke, because there is no money left over to pay for even the light bill in government offices, not to mention wages, and ….wait for it…pensions. And we all know what happens when the printing presses get run wide open…to pay the bills. Who went and read the links I posted, to educate you guys, 2 days ago? The above numbers aren’t pulled out of the sky. They come straight from the government’s books. DOW 30: 2020-03-09 -7.79% 2020-??-?? -?.??% 2020-??-?? -?.??%
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Dec 2007
Posts: 11,215
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,215 |
Terrible again today. If the market keeps tanking, it does not bode well for Trump, even though it is not his fault. This is his economy, and just as he stands to gain when it's doing well, he will suffer when it goes bad. There is a lot more to this economy the the stock market and oil.
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Joined: Feb 2003
Posts: 10,401 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,401 Likes: 4 |
It is down, but would still be an all time high for me 3 months ago.
Where I live they are closing the schools.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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Joined: Sep 2013
Posts: 18,035 Likes: 29
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 18,035 Likes: 29 |
We could see 18k by the end of the month.... Or sooner. Futures currently off over 1000 points, setting up for an open in the mid 22s. Market is no longer “shrugging off the Coronavirus.”
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Joined: Jan 2015
Posts: 1,108
Campfire Regular
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Campfire Regular
Joined: Jan 2015
Posts: 1,108 |
It will be back up by summer.
Any politician who thinks they can fight the evil that has consumed the government is delusional or lying. There is no political solution.
"You have enemies? Good. That means you've stood up for something, sometime in your life."
Winston Church
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Joined: Sep 2013
Posts: 18,035 Likes: 29
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 18,035 Likes: 29 |
It will be back up by summer. Agreed ... just not sure which one.
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Joined: Feb 2006
Posts: 43,939 Likes: 16
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,939 Likes: 16 |
I think of it like this....
99% sure it won't be that bad....
You stick money in a couple 3 weeks from now when the market is really down.... make out like a bandit.
Or you stick money in and die from it so you ain't out chit anyway.
But I have no heirs and no fortune to lose either.
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
We could see 18k by the end of the month.... Or sooner. Futures currently off over 1000 points, setting up for an open in the mid 22s. Market is no longer “shrugging off the Coronavirus.” It was absolutely baffling seeing what guys were posting on here about the stock market. Still is. This thing is JUST getting started. Wait until earnings reports start coming out.
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Joined: Mar 2011
Posts: 1,238
Campfire Regular
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Campfire Regular
Joined: Mar 2011
Posts: 1,238 |
We could see 18k by the end of the month.... Or sooner. Futures currently off over 1000 points, setting up for an open in the mid 22s. Market is no longer “shrugging off the Coronavirus.” It was absolutely baffling seeing what guys were posting on here about the stock market. Still is. This thing is JUST getting started. Wait until earnings reports start coming out. Earnings reports will be one thing, the thing that will really tank the market is the forecasts by the companies. They will probably punt on their forward looking statements and the market HATES uncertainty. I guessing this thing is going to get a lot worse.
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Joined: Jan 2016
Posts: 95,818 Likes: 7
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,818 Likes: 7 |
No, foreign countries failing to meet their debt payments.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Jan 2002
Posts: 12,880 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,880 Likes: 5 |
We could see 18k by the end of the month.... Or sooner. Futures currently off over 1000 points, setting up for an open in the mid 22s. Market is no longer “shrugging off the Coronavirus.” The market always overshoots, both on the upside and the downside.
Sic Semper Tyrannis
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Joined: Jul 2006
Posts: 4,851 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,851 Likes: 3 |
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Jan 2001
Posts: 29,932 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 29,932 Likes: 10 |
Headed to the bank in a few minutes. There are several stocks I'm going to jump on.
1Minute
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
We could see 18k by the end of the month.... Or sooner. Futures currently off over 1000 points, setting up for an open in the mid 22s. Market is no longer “shrugging off the Coronavirus.” The market always overshoots, both on the upside and the downside. A few more days like this and 18k will be in the rear view window.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
The truths are below the quotes from the article. Oh how they can spin the lies. It’s worthy of an Oscar… “The repo market provides financing for banks and broker-dealers at the center of the economy, allowing the levered institutions to cover positions on their balance sheet by lending sums of cash to one another.” And…broker dealers needed massive amounts of liquidity to cover margins being called in that could not be covered, because it was money loaned to our connected friends. “The Federal Reserve has launched an over $1 trillion liquidity operation to support money markets amid the new coronavirus outbreak, and is now one step closer to resuming its crisis-era policy of purchasing assets in a process called quantitative easing.” The Federal Reserve has launched an over $1 trillion liquidity operation to save the investment banks. “These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,” the New York Fed said in a statement. The Federal Reserve has launched an over $1 trillion liquidity operation to save the investment banks. “Evercore ISI wrote Wednesday that the Fed needs to “aggressively” expand its asset purchases.” The fed needs to come save us. “Analysts are scratching their heads trying to figure out why counter-parties are sidelining themselves from the Treasury market. In any event, dealers appear to be shifting their focus away from the U.S. Treasury market in favor of deploying their balance sheets somewhere else.” Analysts are scratching their heads trying to figure out why banks won’t lend to each other. It’s because their portfolios hold collateral that is worthless, and no bank wants to hold it for even 1 night. “In any event, dealers appear to be shifting their focus away from the U.S. Treasury market in favor of deploying their balance sheets somewhere else”… yeah, onto the backs of the taxpayers through the REPO window, thus the reason for the $1 trillion+. “In the face of financial turmoil, banks and broker-dealers may be choosing to preserve their own funding as opposed to do market-making. Goldman Sachs CFO Stephen Scherr said Tuesday that his firm is comfortable providing liquidity but did not deny that firms are pulling back.” preserve own funding = collateral is junk firms are pulling back = all banks know who holds junk collateral, and won’t lend money on bad collateral….thus the REPO window has to step in….increases funds to cover needed cash. “It is far from broken, but we've seen liquidity dry up in a lot of markets.” If it was “far” from broken…the FED would not have been FORCED to add $1 Trillion+. “The actions could provide dealers with funding to confidently support trading in the U.S. Treasury market.” The actions…will allow them to kick the can down the road …again. By the way, that $500 BILLION they added today….was gone in ONE HOUR. And the $500 BILLION will be gone in…..ONE HOUR tomorrow too. You can only bale water for so long………………
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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