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Joined: Dec 2013
Posts: 44,479 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,479 Likes: 10 |
The whole damn thing is a scam. In reality we are all broke. The US of A is $30 trillion in debt. And there's only so much you can steal from the taxpayers before a total collapse. This November will be the turning point for our country. You aren't passing gas, brother.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Jan 2016
Posts: 95,736 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,736 Likes: 2 |
Time in the market, not timing the market! I never got out, the rolling 5 year average for the stock market since 1920 has always been positive including the 1929 and 2008 crashes. Yep, and we weren't in debt 40 ish trillion while everybody sits at home drawing a check. You might oughta figure that in. Just sayin' So Mirage, do you think this correction is the same as 1929 or 2008? Did the market come back both times? Maybe you should pull all your money out now (if you have any in the market) at a big loss to stop the bleeding. Just saying. Are you factoring in Civil War? Yeah.. Guns and Bibles. And collapse of the dollar and economy?
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 2012
Posts: 26,538 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,538 Likes: 3 |
We havent hit bottom. Still a ways to go. There will be a small rally in the near term, it might just be a see-saw. Always happens right before official declaration of recession.
I targeted small caps last Friday. Like it or not, believe it or not. The idiots in DC have done NOTHING to prevent it. Knee jerk gas tax reduction ain't gonna cut it, dumbass. But, but, but a recession is NOT inevitable!! I heard Joseph say it himself!
FJB & FJT
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Joined: Dec 2013
Posts: 44,479 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,479 Likes: 10 |
We havent hit bottom. Still a ways to go. There will be a small rally in the near term, it might just be a see-saw. Always happens right before official declaration of recession.
I targeted small caps last Friday. Like it or not, believe it or not. The idiots in DC have done NOTHING to prevent it. Knee jerk gas tax reduction ain't gonna cut it, dumbass. But, but, but a recession is NOT inevitable!! I heard Joseph say it himself! Hey Joey Stool Sample, it is when you do EVERY damn thing possible in your power to invoke it!
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Feb 2013
Posts: 7,757
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2013
Posts: 7,757 |
She’s up 2 % pre market 2 day!
"Shoot low sheriff, I think he's riding a shetland!" B. Wills
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Joined: Jan 2006
Posts: 5,683 Likes: 4
Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
Posts: 5,683 Likes: 4 |
I promised myself to ease back in when the DOW dropped to 30,000. Last week moved 4% out of "safe" funds into the market. My plan is to do it every time the DOW drops another 1,000 points. Then I'll let it ride unless interest rates move up to 7% or more.
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: Feb 2008
Posts: 8,595
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,595 |
Inflation is the lesser of the 2 Evils ..
Depression or Inflation at this time ..
We are passed Ying and Yang ..
If Inflation isn’t controlled it will lead to Demand Destruction..
I don’t think the Psychopaths understand the Importance of Cheap Energy..
I don’t think the people of Dumbware, Massinsanity and Roach Island Understand their going Down the Rathole with their Blind Allegiance to the Psychopathic Cabal..
Roll Them or They Roll You
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Joined: Oct 2021
Posts: 10,822 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,822 Likes: 2 |
Asia markets were up yesterday and a nice start for today.
XOM up over 4$/sh.
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Joined: Jan 2012
Posts: 26,538 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,538 Likes: 3 |
Inflation is the lesser of the 2 Evils ..
Depression or Inflation at this time ..
We are passed Ying and Yang ..
If Inflation isn’t controlled it will lead to Demand Destruction..
I don’t think the Psychopaths understand the Importance of Cheap Energy..
I don’t think the people of Dumbware, Massinsanity and Roach Island Understand their going Down the Rathole with their Blind Allegiance to the Psychopathic Cabal..
Roll Them or They Roll You How many times did DJT answer the question: "how did you keep inflation in check while the economy was running wide-open"?
FJB & FJT
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Joined: Jan 2016
Posts: 95,736 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,736 Likes: 2 |
The whole damn thing is a scam. In reality we are all broke. The US of A is $30 trillion in debt. And there's only so much you can steal from the taxpayers before a total collapse. This November will be the turning point for our country. You aren't passing gas, brother. Add in $150 trillion of unfunded liabilities.
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 2016
Posts: 95,736 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,736 Likes: 2 |
Time to add to your short on the S&P
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: Feb 2008
Posts: 8,595
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,595 |
If Kornhole and Mr. Crispy Coon get their way on the Newly Ramp Up of Common Core / CRT Legislation the NGO Nazi’s stand to Reep Billions in Federal Funding..
More Mordor All Day ..
All the Time..
They ain’t on our Side
Roll Them or They Roll You
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
If I could predict the future, even just 30 seconds in advance, I would be infinitely wealthy.
That said, I don't think the market has hit bottom which I think it will be somewhere in the 2020 covid crash range.
Quando omni flunkus moritati
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Joined: Feb 2008
Posts: 8,595
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,595 |
Dead Kat Bounce or the Start of a Really Really Big Extravaganza..
Bare with Me ..
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Joined: Feb 2001
Posts: 4,043
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 4,043 |
Sure am happy to hear all the bearish thoughts.
Old trading saying: When everyone wants to give it, you take it. When everyone wants to take it, you give it.
This market has either bottomed or is very near to doing so. Next couple days will confirm.
Good luck all......
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Joined: Jan 2016
Posts: 95,736 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,736 Likes: 2 |
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: Nov 2004
Posts: 7,110
Campfire Tracker
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Campfire Tracker
Joined: Nov 2004
Posts: 7,110 |
no one truely builds real wealth by stock market investing. don't believe me, ask accountants, ask people who actually made real wealth. They say only .6% of people have a million or more in 401k. stock market investing is mainly about investing for appreciation, its a hope that whatever you buy will be worth more than you paid for it. Why not invest for cash flow instead in other types of investments? worse yet is its likely your 401k investments are taxed when you take them out.
instead of timing the markets, instead of worrying about this or that hot stock. why not seek a true financial education? financial education is NOT taught anywhere in school. indeed academic types normally have notions of financial education that are quite destructive.
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Joined: Oct 2021
Posts: 10,822 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,822 Likes: 2 |
no one truely builds real wealth by stock market investing. don't believe me, ask accountants, ask people who actually made real wealth. They say only .6% of people have a million or more in 401k. stock market investing is mainly about investing for appreciation, its a hope that whatever you buy will be worth more than you paid for it. Why not invest for cash flow instead in other types of investments? worse yet is its likely your 401k investments are taxed when you take them out.
instead of timing the markets, instead of worrying about this or that hot stock. why not seek a true financial education? financial education is NOT taught anywhere in school. indeed academic types normally have notions of financial education that are quite destructive. My CPA differs grandly from your CPA and mine is very complimentary concerning my IRA and Keogh accounts and what they’ve built themselves up to over time with stock market investing. I guess I’m the only person who’s ever amassed any wealth via the stock market. Being an outlier ain’t all bad.
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Joined: Oct 2021
Posts: 10,822 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,822 Likes: 2 |
Bitcoin punching through 21,000.
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Joined: Mar 2010
Posts: 24,273 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,273 Likes: 11 |
Sure am happy to hear all the bearish thoughts.
Old trading saying: When everyone wants to give it, you take it. When everyone wants to take it, you give it.
This market has either bottomed or is very near to doing so. Next couple days will confirm.
Good luck all...... not even close to the bottom. Im doing some swing trading buying and selling for short gains but mainly out strpf, DQ, cnta,TTE, hive pay attention to what is happening overseas? Japan? China?
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