User Panel
Posted: 10/26/2023 7:20:58 PM EDT
[Last Edit: mochaTX]
https://finance.yahoo.com/news/p-500-teeters-brink-correction-165013822.html
Stock corrections inbound? |
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Buy and hold in your desired AA
Live happy |
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It’s no secret what he is going to do, he told us a few days ago.
Higher for longer. https://www.cnbc.com/2023/10/19/powell-says-inflation-is-still-too-high-and-lower-economic-growth-is-likely-needed-to-bring-it-down.html |
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If the truth makes you uncomfortable, don't blame the truth. Blame the lie that made you comfortable. -James Ng Uni
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Has anyone seen Spidey? We had a 4200 thread a few days ago and he didn’t pop in.
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
https://www.cnbc.com/pre-markets/
4137. I really want to put this bathroom remodel I'm doing on hold to shove more in the market. But happy wife, happy life and all that. |
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FOR THE GLORY OF THE EMPIRE
SO SAY WE ALL |
New record highs any day now. Run bull, run!
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What is written is my opinion, and my opinion only.
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Earnings have been pretty good.
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Live your life as you would wish to have lived, when you come to die. Confucius
When words lose their meaning, a people can move neither hand nor foot. Confucius |
1/2 percent increase coming. None of this quarter percent bullshit.
He should jump it one full percent to stop this inflation thing though. Take the gloves off and really go bill that frog. https://www.pbs.org/newshour/economy/u-s-economy-grows-4-9-percent-shrugging-off-interest-rates-and-defying-recession-forecasts |
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Originally Posted By durtychemist: 1/2 percent increase coming. None of this quarter percent bullshit. He should jump it one full percent to stop this inflation thing though. Take the gloves off and really go bill that frog. https://www.pbs.org/newshour/economy/u-s-economy-grows-4-9-percent-shrugging-off-interest-rates-and-defying-recession-forecasts View Quote I think you are missing a zero. |
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What is written is my opinion, and my opinion only.
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never underestimate the stupidity of other people
GA, USA
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I've got 20-30 years before I really need mine. I'll keep shoveling in every week.
also buying ammo and canned goods in case it really does collapse. Diversification is key! |
"every exercise is a low back exercise if you do it wrong enough"
@MacManus |
If the markets don’t pull back people will keep spending and inflation will stay and feds will have to keep raising.
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Interest rates are only part of the issue that has to be changed. Turning off the giant never ending printing press is the other half of the equation.
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What is written is my opinion, and my opinion only.
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Market already corrected.
Fed Funds Futures suggest no more hikes, 3 cuts next year |
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What is written is my opinion, and my opinion only.
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Originally Posted By boolzi: If the markets don’t pull back people will keep spending and inflation will stay and feds will have to keep raising. View Quote Pretty much. The Fed knows they have to break it before they can fix it. The notion of a soft landing is at least as far as we know historically, mostly a fantasy. I'm not saying I won't live to see it happen one day but it shouldn't be anyone's default assumption. |
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Originally Posted By sh768: Market already corrected. Fed Funds Futures suggest no more hikes, 3 cuts next year View Quote I'd argue that your two statements are at odds with each other unless you believe in a soft landing. I believe the Fed will likely cut rates next year but that's only because I believe we are headed into recession. If the market doesn't correct further and bring multiples back to earth and unemployment doesn't tick up to loosen the labor market, then we haven't yet seen the end of inflation nor have we seen the end of restrictive monetary policy. Stocks are still trading at well beyond historically average P/E ratios, housing is still about 7 times household incomes, and unemployment is still at 50 year low. The Fed's work isn't done even if that means just holding where we are at until things crack. |
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Originally Posted By exponentialpi: Cuts next year. People are drunk on hopium. View Quote View All Quotes View All Quotes Originally Posted By exponentialpi: Originally Posted By sh768: Market already corrected. Fed Funds Futures suggest no more hikes, 3 cuts next year Cuts next year. People are drunk on hopium. I think people are ignoring what would cause the Fed to make 3 cuts next year in the first place. |
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Well, the stock market reflects the economy, but the two aren't perfectly correlated. At the moment, we are seeing good economic reports, but the market reacting negatively because it anticipates Fed action. The market looks out 6-9 months, they say.
Which is to say, we may have a recession that results in bad economic data, requiring the Fed to cut rates. But those cuts could very well cause the market to soar. The difference between Wall St and Main St, I guess. |
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Originally Posted By woodsie: I'd argue that your two statements are at odds with each other unless you believe in a soft landing. I believe the Fed will likely cut rates next year but that's only because I believe we are headed into recession. If the market doesn't correct further and bring multiples back to earth and unemployment doesn't tick up to loosen the labor market, then we haven't yet seen the end of inflation nor have we seen the end of restrictive monetary policy. Stocks are still trading at well beyond historically average P/E ratios, housing is still about 7 times household incomes, and unemployment is still at 50 year low. The Fed's work isn't done even if that means just holding where we are at until things crack. View Quote View All Quotes View All Quotes Originally Posted By woodsie: Originally Posted By sh768: Market already corrected. Fed Funds Futures suggest no more hikes, 3 cuts next year I'd argue that your two statements are at odds with each other unless you believe in a soft landing. I believe the Fed will likely cut rates next year but that's only because I believe we are headed into recession. If the market doesn't correct further and bring multiples back to earth and unemployment doesn't tick up to loosen the labor market, then we haven't yet seen the end of inflation nor have we seen the end of restrictive monetary policy. Stocks are still trading at well beyond historically average P/E ratios, housing is still about 7 times household incomes, and unemployment is still at 50 year low. The Fed's work isn't done even if that means just holding where we are at until things crack. This. |
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
FOMC day. Which way will the markets go.
And
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What is written is my opinion, and my opinion only.
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no one?
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Well, no. Not now.
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Originally Posted By BillofRights: Has anyone seen Spidey? We had a 4200 thread a few days ago and he didn’t pop in. View Quote This is the problem with opening tabs and not responding to them until hours have passed. Hi, Spidey |
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Originally Posted By Bourbonator: This is the problem with opening tabs and not responding to them until hours have passed. Hi, Spidey View Quote View All Quotes View All Quotes Originally Posted By Bourbonator: Originally Posted By BillofRights: Has anyone seen Spidey? We had a 4200 thread a few days ago and he didn’t pop in. This is the problem with opening tabs and not responding to them until hours have passed. Hi, Spidey Lulz. I can’t predict shit. Only that we’re in bull. Long term bull wins. I apparently bought a Ferrari last Friday. As in money firm used my every Friday buy to purchase RACE. I had no idea they were publically traded. Oh well. I own shares of Ferrari. Which means I get to vote. Popped 7% today. RACE. Nice. My wife was checking our account activity and said “we bought a Ferrari!” No fucking race car in my driveway. I am disappoint. |
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Originally Posted By Scare_Crow: It's when you make your most money...... Just keep buying..... It's on sale....... I wish it drop, I'll buy more.... Heloc my house.... View Quote View All Quotes View All Quotes Originally Posted By Scare_Crow: Originally Posted By BillofRights: Has anyone seen Spidey? We had a 4200 thread a few days ago and he didn’t pop in. It's when you make your most money...... Just keep buying..... It's on sale....... I wish it drop, I'll buy more.... Heloc my house.... Yeah. Flirting with correction. It is when you make your most money. Guess buy low is the wrong thing to do? Should I hold onto cash and wait for the crash? (That already happened BTW) Or put everything into assets that still offer less than inflation? |
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Originally Posted By spidey07: Yeah. Flirting with correction. It is when you make your most money. Guess buy low is the wrong thing to do? Should I hold onto cash and wait for the crash? (That already happened BTW) Or put everything into assets that still offer less than inflation? View Quote yep. some guys just don't get it -- trust me i made the same mistake but learned. i've said before -- when Obama was elected and after the GFC -- i thought it was TEOTW as far as capitalism was concerned. switched way too much out of equities. missed several nice UP years waiting for the socialists to destroy everything. turns out -- the socialists (Dems) love $$$ just as much as we do. time in the market... keep shoveling it in boys |
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Originally Posted By MFP_4073: yep. some guys just don't get it -- trust me i made the same mistake but learned. i've said before -- when Obama was elected and after the GFC -- i thought it was TEOTW as far as capitalism was concerned. switched way too much out of equities. missed several nice UP years waiting for the socialists to destroy everything. turns out -- the socialists (Dems) love $$$ just as much as we do. time in the market... keep shoveling it in boys View Quote View All Quotes View All Quotes Originally Posted By MFP_4073: Originally Posted By spidey07: Yeah. Flirting with correction. It is when you make your most money. Guess buy low is the wrong thing to do? Should I hold onto cash and wait for the crash? (That already happened BTW) Or put everything into assets that still offer less than inflation? yep. some guys just don't get it -- trust me i made the same mistake but learned. i've said before -- when Obama was elected and after the GFC -- i thought it was TEOTW as far as capitalism was concerned. switched way too much out of equities. missed several nice UP years waiting for the socialists to destroy everything. turns out -- the socialists (Dems) love $$$ just as much as we do. time in the market... keep shoveling it in boys I’ve learned my lessons. I’ve made my mistakes. Seen/lived the cycles. And that’s why I plow 50%+ of our income into market the last 15 years. It’s real fucking easy to build life changing wealth. So fucking easy. Compounding is a thing. So easy. |
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Bull's back bros!
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Im up 73% for the year.....ZFG
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Originally Posted By Scare_Crow: It's when you make your most money...... Just keep buying..... It's on sale....... I wish it drop, I'll buy more.... Heloc my house.... View Quote It's funny how people make fun of him...but if everyone did the same as him....as opposed to buying 100's of lbs of rice and beans and a few silver coins...they'd have a lot more money. |
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[Insert creative words here]
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Become prompt critical.
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Originally Posted By Techsan02: It's funny how people make fun of him...but if everyone did the same as him....as opposed to buying 100's of lbs of rice and beans and a few silver coins...they'd have a lot more money. View Quote View All Quotes View All Quotes Originally Posted By Techsan02: Originally Posted By Scare_Crow: It's when you make your most money...... Just keep buying..... It's on sale....... I wish it drop, I'll buy more.... Heloc my house.... It's funny how people make fun of him...but if everyone did the same as him....as opposed to buying 100's of lbs of rice and beans and a few silver coins...they'd have a lot more money. Silver sucks, but I don't think anyone's retirement has been delayed by more than a day over buying some rice. |
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Originally Posted By spidey07: We entered bull early this year after the typical 11 month bear. You see you make your most money in bear. Buy low is a thing. View Quote Saving for posterity. Also JPow was scared about 10 year yields. Should have hiked this month and next. Now inflation will simmer for longer. |
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Originally Posted By mochaTX: Saving for posterity. Also JPow was scared about 10 year yields. Should have hiked this month and next. Now inflation will simmer for longer. View Quote View All Quotes View All Quotes Originally Posted By mochaTX: Originally Posted By spidey07: We entered bull early this year after the typical 11 month bear. You see you make your most money in bear. Buy low is a thing. Saving for posterity. Also JPow was scared about 10 year yields. Should have hiked this month and next. Now inflation will simmer for longer. IMHO you’re letting short term (5 years) fed action dictate what should be long term goals. (Build wealth) I “lost” hundreds of upon hundreds of thousands in value. But I stuck with my financial plan, understanding risk, understanding my goals. Most of all learning from my mistakes. But I didn’t lose anything. I only gained more wealth through compounding gains. It’s like a damn money printing machine. It prints money. That printed money makes more money. It’s like a damn money tree. Money does indeed grow on trees. But you have to plant it and feed it. |
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never underestimate the stupidity of other people
GA, USA
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Originally Posted By spidey07: Lulz. I can’t predict shit. Only that we’re in bull. Long term bull wins. I apparently bought a Ferrari last Friday. As in money firm used my every Friday buy to purchase RACE. I had no idea they were publically traded. Oh well. I own shares of Ferrari. Which means I get to vote. Popped 7% today. RACE. Nice. My wife was checking our account activity and said “we bought a Ferrari!” No fucking race car in my driveway. I am disappoint. View Quote This is part of the reason I bought Rolls Royce. Why own the car when I can own the company? Then I did more DD and found out RYCY doesn't even own the car division and learned I should do more DD instead of buying individual stocks on a whim. Oh well, I spent $11 on stupider things. Like becoming part owner of the Atlanta Braves |
"every exercise is a low back exercise if you do it wrong enough"
@MacManus |
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Originally Posted By anothermisanthrope: Job #s are in: https://finance.yahoo.com/news/stock-market-news-today-stocks-jump-as-jobs-growth-cools-more-than-expected-120902574.html View Quote TO DA MOOOOOOOON! |
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The more they hike the more they create inflation.
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Reality Is Never Optional
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Originally Posted By IwasBrian: The more they hike the more they create inflation. _ View Quote Attached File |
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just put in some limit orders yesterday so it should go up for a bit till they expire, then it will drop like a rock but rebound before I notice
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Originally Posted By FALARAK: From 10/26 to today: I hope it keeps correcting! https://i.postimg.cc/MH04vFkM/screenshot-523.jpg View Quote |
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