Agree. Long haul returns prove your point.
Stock Market
- Thread starter hexumhawk
- Start date
The stock experts are now stolen valor experts.
That was like two recessions ago according to Fox
And, that’s the point. Same to @Tenacious E
After the drop I emailed my guy, even though we are on vacation, to put some cash to work that we had on the sidelines. Beyond that we are highly diversified in ETFs and mutual funds. Very few people have the time or the smarts to effectively pick stocks and time the market. My timeline for partial retirement is 5 years, so one day or one week or even one year isn’t something I am going to fret over. We plan our vacations ahead of time and stash cash in CDs to pay for them. And, God bless Mrs. Lucas for having prosperous farmer kin who left her land that produces income from rent and a windmill.
No politician controls the markets day to day.
Exactly this. A big market down turn is a great opportunity. And you make out fine during longer market down turns, if still strongly funding 401Ks, IRAs, etc., due to dollar cost averaging.
Not way up, up recently from historically low levels, but nothing approaching the level of concern you want to attach to it.
Delinquency rates right now are significantly below the historical average over the last 30+ years, the data proves that. Funny how you omitted those facts.
The current credit card debt is at all time record highs.
Just sayin.
Thanks Biden.
- Sep 13, 2002
- 96,727
- 199,524
- 113
if I were a moronic hack like @NorthernHawkeye I’d be gloating that HARRIS AND WALZ JUST WON THE ELECTION!
But I’m not. So I’ll just say “nice, good to see a solid bounce back and it appears the economy remains on sound footing for now.” 🙂
So does this mean it’s back to being a “Trump” stock market, I get a little confused.
There’s going to be a mad rush on jean shorts and gold chains.
LOL - no you didn't. You're a liar.
Go back to reading my posts and compare what the price was when I said I bought in.
That's my fault. The wife booked two cruises/air fare this month. It'll be back down next month, I promise.
Not when adjusted for inflation. Just sayin.
Yep...I asked for receipts/proof, without any name, weeks ago and he didn't produce.
He paid $63, missed $79, and now is holding on for better days.
Gonna be a penny stock on the day after the election.
He won't be paying any taxes next year after he claims all those losses.
What a sucker.
Why would hexum.. and wingnuts admit they're incapable of making it in today's economy. Holy shit, I'm retired and doing well.
Fcvking whiny crybabies.
Fcvking whiny crybabies.
A lot of that is American's lack of discipline in buying choices, etc. Just sayin.
Most of it is the continued proliferation of credit cards and their use for convenience. Along with adjustments for inflation.
You have zero idea what DWAC was selling for on 3/19 and zero idea what DJT was selling for on the 3/26.
I do. And I know you didn't own either of them on those dates. You're a liar.
Credit card debt hits fresh high
Total credit card balances in the U.S.Q1 2018–Q2 2024
The line chart shows total quarterly credit card balances in the U.S. from Q1 2018 through Q2 2024.
2024 Q2 $1.14T
2024 Q2 $1.14T
Note: Shaded area indicates recession.Source: Federal Reserve Bank of New York
Quarterly Report on Household Debt and Credit
Data as of Aug. 6, 2024
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The first step to healing is admitting a problem.
Seek intervention.
TIA
And we completely understand why you won't supply proof.
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So all of Trump's were during the early days of COVID-19 global lockdowns once in a 100 years black swan event.
I'm guessing many on the left were calling for the markets to be closed due to the virus.
My how the left suddenly forgot how batshit crazy they went during covid.
Hmmmmm..... didn't know the early days of Covid started in 2018.
