Posted on 03/15/2020 2:12:17 PM PDT by billyboy15
Oh BS.
And... suggestion on what they should have done?
That’s for sure.
This won’t impact you or me. At all. (Unless you are a trader.). I stopped my “play money” trading last week. The system is nuts.
When you are drinking with a crazy woman, you have to know when to wish them a good evening and get out. Otherwise you wake up in a bathtub missing a kidney.
Meanwhile, Pence working hard to change his delivery. More upbeat and emphatic, less unctuous — but still sounds crafted.
Just a little test run but if you ain’t got any money Living pay check to paycheck what does it matter?
That’s true. Debt seems to be on the back burner these days. I don’t remember the last time I heard any politician, including the president, express concerns over debt. Maybe they have but I don’t remember it.
“...My 401 k has evaporated.....”
Yep. Yours and millions of others. Whoever is behind this mess, needs to be brought to justice. Oh, wait....there is no justice anymore in the USA.
And... suggestions on what they should have done?
So, for someone who is heavy into bonds and TIPS funds, with an almost equal amount of cash, how bad is it for us?
And... suggestions on what they should have done?
I’m waiting til it goes to -5%, THEN I’m stocking up to the tune of a million or so
Yabutt, I can make big money on a HELOC. Who needs to sell?
“My 401 k has evaporated. I’ll be picking up pop cans before long.”
No your 401k just went up. Before this I was sure the market was going to tank tomorrow. With this move it may actually go up.
What did potus say?
I want to refi and buy a Ferrari
With the restaurants closing where will I find dumpsters to food dive?
Hence my call to close the markets for at least the next 30 days.
Makes sense to me. If you can’t operate a restaurant you should not be able to operate a financial market.
Let the bankers stew for a month with the rest of us while the panic blows over.
I think Trump is out to get the Fed.
This is problem, because the last times rates were this low, banks were borrowing money in order to invest in the market...not loan out. With removing any ratios on the banks, the potential for an anything goes approach is very real.
I remember being in a conference in NYC and a banker predicting the markets would hit 18k. When queried based on what fundamentals was the prediction being made, he basically shrugged and said that’s the trajectory. There was no reason for the market to reach 18k, let alone 27k. But when the savings accounts pay next to nothing, it’s better to make something on it, so people went to stocks.
I just see bigger problems on the horizons with this move.
But, you can only go to the well so many times.
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