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Economics Discuss The bull and the bear at the Political Forums; We did have the longest running bull market in history. And many people, therefore, were asking the question: "When will ...

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Old 03-12-2020, 02:15 PM
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Default The bull and the bear

We did have the longest running bull market in history. And many people, therefore, were asking the question: "When will the bull market cease?"

Well, we now have our answer.

As of yesterday (Wednesday, March 11), we officially entered "bear" territory...
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Old 03-12-2020, 02:41 PM
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Default Re: The bull and the bear

Quote:
Originally Posted by pjohns View Post
We did have the longest running bull market in history. And many people, therefore, were asking the question: "When will the bull market cease?"

Well, we now have our answer.

As of yesterday (Wednesday, March 11), we officially entered "bear" territory...
it'll get worse due to the service and travel sectors >>>domino all the things those employees usually buy>>>
a runaway pandemic is a bad fit for investment.
no matter how mortal it makes us.
now the fed is investing in losing shares; trillions of dollars. that was tried during the depression by a benevolent millionaire Mr Chase. He lost all he put in.
now I wonder can we risk fed money investing in it?
I don't know the answer but stocks are still dropping.
if we weren't in a precarious shape to begin with it might not be as much of a concern.
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Old 03-12-2020, 03:24 PM
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Default Re: The bull and the bear

Only chicken sh!ts buy in a bull market.

I say the DOW will hit 30K by November of this year.

Cathy and I are online tonight picking out opportunities and bargains.
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Old 03-12-2020, 03:31 PM
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Default Re: The bull and the bear

[quote=saltwn;985626]it'll get worse due to the service and travel sectors >>>domino all the things those employees usually buy>>>
a runaway pandemic is a bad fit for investment.
no matter how mortal it makes us.
now the fed is investing in losing shares; trillions of dollars. that was tried during the depression by a benevolent millionaire Mr Chase. He lost all he put in.
now I wonder can we risk fed money investing in it?
I don't know the answer but stocks are still dropping.
if we weren't in a precarious shape to begin with it might not be as much of a concern.
.


precarious.

[prəˈkerēəs]

ADJECTIVE
.
not securely held or in position; dangerously likely to fall or collapse.

"a precarious ladder"



synonyms:

dangerous · hazardous · perilous · unsafe · risky · deceptive · unreliable · undependable · unstable · icy · ice-covered · slippery · glassy · dicey · hairy · slippy · gnarly

•dependent on chance; uncertain.

synonyms:

uncertain · insecure · unreliable · unsure · unpredictable · undependable · risky · hazardous · dangerous · unsafe · hanging by a thread


When was the market last in a Precarious condition???
According to his supporters, it has been bullish since Obama was elected and still is because of Obama's magic wand.

No, of course, they claim him having nothing to do with it.

Obama kept the stock market up with QE1 and QE2 along with other manipulations. The rich got richer, the poor got screwed. For eight very long years the economy was stagnant.
Now the Stock market is tanking but no one has yet seen a massive layoff. The economy, now strong, will weather the storm. The rich fat cats will lose their asses as they did in the great depression of 1921 when the government did exactly what it should under these circumstances.

Absolutely Nothing.
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Old 03-12-2020, 03:34 PM
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Default Re: The bull and the bear

Quote:
Originally Posted by FrancSevin View Post
Only chicken sh!ts buy in a bull market.

I say the DOW will hit 30K by November of this year.

Cathy and I are online tonight picking out opportunities and bargains.
I'm sure there might be some winners. what about that guy who loses his house because he lost his job or got laid off?
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We’re seeing this on multiple fronts. The aforementioned failure to ramp up testing, and the ongoing failure to get needed testing equipment to desperate governors, is compounded by Trump’s insistence on claiming that no such testing failure exists — or ever has.
Jeremy Konyndyk, a senior fellow at the Center for Global Development
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Old 03-12-2020, 03:45 PM
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Default Re: The bull and the bear

Quote:
Originally Posted by saltwn View Post
I'm sure there might be some winners. what about that guy who loses his house because he lost his job or got laid off?
What about him???? There have been no reports of that yet. Nice try at the cry baby sh!t
It happened a lot under Bush 43 and later Obama. Lot's of big companies closed shop here and move overseas. Mining was restricted or prohibited. People lost everything. Perhaps you weren't listening to that.

Few have ever lost their house because the Markets tanked. Except perhaps the rich who were over extended. I know a couple of them. Jerks. Too bad.
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Old 03-12-2020, 04:01 PM
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Default Re: The bull and the bear

[quote=FrancSevin;985632]
Quote:
Originally Posted by saltwn View Post
it'll get worse due to the service and travel sectors >>>domino all the things those employees usually buy>>>
a runaway pandemic is a bad fit for investment.
no matter how mortal it makes us.
now the fed is investing in losing shares; trillions of dollars. that was tried during the depression by a benevolent millionaire Mr Chase. He lost all he put in.
now I wonder can we risk fed money investing in it?
I don't know the answer but stocks are still dropping.
if we weren't in a precarious shape to begin with it might not be as much of a concern.
.


precarious.

[prəˈkerēəs]

ADJECTIVE
.
not securely held or in position; dangerously likely to fall or collapse.

"a precarious ladder"



synonyms:

dangerous · hazardous · perilous · unsafe · risky · deceptive · unreliable · undependable · unstable · icy · ice-covered · slippery · glassy · dicey · hairy · slippy · gnarly

•dependent on chance; uncertain.

synonyms:

uncertain · insecure · unreliable · unsure · unpredictable · undependable · risky · hazardous · dangerous · unsafe · hanging by a thread


When was the market last in a Precarious condition???
According to his supporters, it has been bullish since Obama was elected and still is because of Obama's magic wand.

No, of course, they claim him having nothing to do with it.

Obama kept the stock market up with QE1 and QE2 along with other manipulations. The rich got richer, the poor got screwed. For eight very long years the economy was stagnant.
Now the Stock market is tanking but no one has yet seen a massive layoff. The economy, now strong, will weather the storm. The rich fat cats will lose their asses as they did in the great depression of 1921 when the government did exactly what it should under these circumstances.

Absolutely Nothing.
the structure of our economy has been more and more fvcked for 40 years.
just because you're makin it doesnt mean everyone or even most are. plus you built yourself up prolly credit wise and maybe own your home. you're old. you had benifit from decades of democrat leadership. young workers are not so fortunate.
Quote:
Originally Posted by FrancSevin View Post
What about him???? There have been no reports of that yet. Nice try at the cry baby sh!t
It happened a lot under Bush 43 and later Obama. Lot's of big companies closed shop here and move overseas. Mining was restricted or prohibited. People lost everything. Perhaps you weren't listening to that.

Few have ever lost their house because the Markets tanked. Except perhaps the rich who were over extended. I know a couple of them. Jerks. Too bad.
how long do you think it will be if layoffs exist for very long?
please think past your nose for a change.
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We’re seeing this on multiple fronts. The aforementioned failure to ramp up testing, and the ongoing failure to get needed testing equipment to desperate governors, is compounded by Trump’s insistence on claiming that no such testing failure exists — or ever has.
Jeremy Konyndyk, a senior fellow at the Center for Global Development
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Old 03-13-2020, 07:52 AM
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Default Re: The bull and the bear

[quote=saltwn;985636]
Quote:
Originally Posted by FrancSevin View Post
the structure of our economy has been more and more fvcked for 40 years.
just because you're makin it doesnt mean everyone or even most are. plus you built yourself up prolly credit wise and maybe own your home. you're old. you had benifit from decades of democrat leadership. young workers are not so fortunate.


how long do you think it will be if layoffs exist for very long?
please think past your nose for a change.
Still no stories from you or the news about actual mass bankruptcies. And again, last month we had over 270,000 new jobs created. So show me and the members here some proof of your claim that such demoralizing economic pain exists in today's economy.

Since 2008 my wife and I lived, not check to check but off our credit cards. Paying them off when we had an occasional profitable quarter. Now both we, and our employees, are living better.

Not because we are doing anything more than before. It's just that now there are more opportunities. And much more freedom. Which is all we should ever be asking from our government.

You, on the other hand, would ask the government to run it all. Provide it all. So no one goes without a job or a paycheck, housing or food. They cannot even run a railroad.
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I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

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Old 03-13-2020, 08:37 AM
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Default Re: The bull and the bear

Looking over our portfolio, which is relatively small, The wife and I noticed some huge drops in value on blue chip stocks like Unidynamics and Boeing. Bank America and PNC as well.

For the record, we bought quite a few "bargains" this morning.

I don't know how far down the market will go but once the trend upwards begins, the "bargains" will evaporate. Surely the Wall Street Markets will rebound beyond today's numbers. And these companies will return to higher levels. Even at the age of 73, one must think long term.
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I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
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Old 03-13-2020, 11:32 AM
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Default Re: The bull and the bear

Quote:
Originally Posted by saltwn View Post
[W]hat about that guy who loses his house because he lost his job or got laid off?
Why should he lose his house just because he "lost his job or got laid off"? That is, unless he has no Emergency Fund to back himself up.

And I simply cannot understand that.

Personally, I have over $137,000 in mine; and I am far--far!--from being wealthy.

I just believe in supplying it first--before paying the bills, or doing anything else.
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