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#1 Hardcore troubadour

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Posted 10 October 2018 - 02:11 PM

Down 831 today. This is Trumps biggest obstacle to getting re-elected. If the market hadn't rebounded I don't think Obama would have been re-elected.

#2 Ray Lewis's Limo Driver

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Posted 10 October 2018 - 02:20 PM

I am actually looking forward to hear what he has to say about this....lol


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#3 bandrus1

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Posted 10 October 2018 - 02:28 PM

Isnt it due to rising interest rates? I dont think that is an awful thing. It is about time we get back to a bit of balance 



#4 Hardcore troubadour

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Posted 10 October 2018 - 02:31 PM

I am actually looking forward to hear what he has to say about this....lol


He's going to say the fed raising interest rates after never raising them on Obama is why.

#5 kutulu

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Posted 10 October 2018 - 02:34 PM

I am actually looking forward to hear what he has to say about this....lol

fake stock market news
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#6 Filthy Fernadez

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Posted 10 October 2018 - 02:34 PM

He's going to say the fed raising interest rates after never raising them on Obama is why.

 

More ammo for him to do away with them.


BBC for the most part is pretty damn good.


#7 Strike

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Posted 10 October 2018 - 02:36 PM

You guys are worried about reelection based upon one day's market price years before the next election?  Get a focking life.  Seriously.


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#8 Hardcore troubadour

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Posted 10 October 2018 - 02:38 PM

You guys are worried about reelection based upon one day's market price years before the next election?  Get a focking life.  Seriously.


Yes, very worried. Eye roll

#9 Filthy Fernadez

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Posted 10 October 2018 - 02:42 PM

You guys are worried about reelection based upon one day's market price years before the next election?  Get a focking life.  Seriously.

 

I'm not worried one bit. That being said, the Fed needs to quit hampering the economy with some bullsh!t interest rate hikes.


BBC for the most part is pretty damn good.


#10 Hardcore troubadour

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Posted 10 October 2018 - 02:42 PM

Biggest loser in the Dow today was Nike.

#11 bandrus1

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Posted 10 October 2018 - 02:45 PM

 

I'm not worried one bit. That being said, the Fed needs to quit hampering the economy with some bullsh!t interest rate hikes.

 

 

wasnt the line under Obama that the Fed needs to hike rates and stop pumping money into the economy



#12 Hardcore troubadour

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Posted 10 October 2018 - 02:47 PM

 
 
wasnt the line under Obama that the Fed needs to hike rates and stop pumping money into the economy


It was true. Savers got killed under Obama.

#13 Ray Lewis's Limo Driver

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Posted 10 October 2018 - 02:47 PM

Biggest loser in the Dow today was Nike.

 

That is a feel good moment right there.....

 

For months now whenever I see the economy debated on places like CNN someone will invariably say how great the economy is under trump, and the comeback from the leftists is "thats because of Obama".....I wonder, after this will they still point to Obama or will they point to Trump???  hmmmmm?


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#14 bandrus1

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Posted 10 October 2018 - 02:49 PM

It was true. Savers got killed under Obama.

 

 

I agree... so why are people like our man Filthy now mad when it is rightfully balancing out? I for one am sure glad I was in the right time and right place to purchase my house when I did



#15 Hardcore troubadour

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Posted 10 October 2018 - 02:55 PM

 
 
I agree... so why are people like our man Filthy now mad when it is rightfully balancing out? I for one am sure glad I was in the right time and right place to purchase my house when I did


Speaking for myself, I think it's too late for balancing, and I think the Fed is a racket and I don't trust them. I absolutely believe they hooked Obama up. Along with themselves, of course.

#16 bandrus1

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Posted 10 October 2018 - 03:12 PM

Well I definitely think digging out of 2008 took some extreme measures which the low interest rates were.

And a lot of money made money since 2008

#17 Filthy Fernadez

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Posted 10 October 2018 - 03:27 PM

 

 

wasnt the line under Obama that the Fed needs to hike rates and stop pumping money into the economy

 

Not from me.


BBC for the most part is pretty damn good.


#18 kutulu

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Posted 10 October 2018 - 03:47 PM

I've been thinking we are due for a correction for awhile now. Went all cash earlier in the year and missed out on some gains no doubt. I still think we are gonna have some declines the next few years now through at least 2019. Will start dollar cost averaging back in probably after the new year.
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#19 tubby_mcgee

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Posted 10 October 2018 - 04:22 PM

You guys are worried about reelection based upon one day's market price years before the next election?  Get a focking life.  Seriously.

 

 

Hey...its ammo.  Its ammo to use TODAY.  And you can't win today's fight without ammo available for today.

Geez.   Don't you know how this board works?



#20 LOD01

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Posted 10 October 2018 - 04:51 PM

Absolutely a beautiful meltdown (sold it all yesterday). Hoping for more tomorrow. If you have a 401k or 457b or whatever, you have to manage it yourself daily. That's how you outperform the markets. Now the trick is when to get back in and resist a dead cat bounce. Hoping for a few weeks of selling. It's all about Elliott waves.


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#21 Voltaire

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Posted 10 October 2018 - 05:20 PM

Biggest loser in the Dow today was Nike.

So at least there was a silver lining.


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#22 bandrus1

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Posted 10 October 2018 - 07:43 PM

"Before winning the White House, Trump had publicly complained for years that the Fed was too loose with the U.S. money supply. Trump was a critic of Fed policy under Yellens predecessor at the Fed, Ben Bernanke, protesting his moves to keep interest rates low and prop up the economy after the financial crisis just before Obama took office."

But now that he is in office..........

#23 trumpurethra

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Posted 10 October 2018 - 07:56 PM

How is this a good thing? Are you guys focking nuts? Is it really more important to make a point than preserve your wealth?

 

I don't get it. Unless you got none, unless you got no skin in the game I don't get how you can sit here and think this is all ok? Also, eliminating the mortgage deduction on taxes is hurting home values. Prices are coming down.

 

Look, I am all for protectionism. I agree with the tariffs. I think the working man needs some help. Hell, I think we need to bring unions back. But only up to a point. And what was the purpose of eliminating the mortgagee tax credit anyway?

 

If dumazz focking with sh1t starts to bring the whole house of cards down, enough is enough. Today made me very nervous. The market getting hammered like this along with the softening housing market is not good. At least not to me.

 

If the market goes down and house values decrease, who wins exactly? I don't see it.



#24 bandrus1

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Posted 10 October 2018 - 08:02 PM

Because the stock market is very high because it has become the only place you can put money to make money... Remember when you could get a nice percent return GUARANTEED ?

There needs to be some balance. Stocks can't continue to be the only place you can invest with any chance of getting any return

#25 riversco

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Posted 11 October 2018 - 06:23 AM

One of two things will occur:

 

1.  We are heading for an imminent recession

2. This is just a correction and the market will rebound to new highs.

 

The FIRST sign of a recession is a hiring freeze.  Jobs just dry up.  Corporations are smart and they know when the recession is actually coming.  You don't need all the information corporations have, you just need to see how they act.  Corporate America is still on a hiring binge.  That means we will get option 2.  The correct strategy is to buy into panic selling and just sit on it.  I saw this coming ahead of time and sold a lot of stock beforehand.  I'm looking to rebuy lower.  We probably drop more but I have signals in place if not.  Its easy money really.  I can't guarantee we just saw the low or not.  We could easily drop more.  But the point is not picking bottoms, its just buying a deep discount while knowing we'll head back to new highs.  If I bought this morning, and we dropped another 10% before bottoming, I'd be fine with that.  I think it goes lower so I'm going to wait on rebuying in my case.



#26 Bert

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Posted 11 October 2018 - 07:22 AM

I hope there isn't a correction until after January 1st.  :ninja:


You know we're sitting on four million pounds of fuel, one nuclear weapon and a thing that has 270,000 moving parts built by the lowest bidder. Makes you feel good, doesn't it?

#27 Patriotsfatboy1

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Posted 11 October 2018 - 07:32 AM

Absolutely a beautiful meltdown (sold it all yesterday). Hoping for more tomorrow. If you have a 401k or 457b or whatever, you have to manage it yourself daily. That's how you outperform the markets. Now the trick is when to get back in and resist a dead cat bounce. Hoping for a few weeks of selling. It's all about Elliott waves.

 

Timing the market with your 401k is not good advice.  Lots of people lose their shirt trying to time the market.  The reality is that, for retirement accounts, you shouldn't try to outperform the markets because you have a ton of risk in doing so.  You can rebalance periodically to ensure that you have proper diversity in the portfolio, but you are looking to get solid returns over long periods of time so that your nest egg is big.  

 

Now, investment accounts are a different story.  

 

I also thought it was interesting that bonds dropped.  If both stocks and bonds drop at the same time consistently, then that is a very bad thing.  Very bad.  (my Trump tone).


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#28 Bert

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Posted 11 October 2018 - 07:37 AM

 

Timing the market with your 401k is not good advice.  Lots of people lose their shirt trying to time the market.  The reality is that, for retirement accounts, you shouldn't try to outperform the markets because you have a ton of risk in doing so.  You can rebalance periodically to ensure that you have proper diversity in the portfolio, but you are looking to get solid returns over long periods of time so that your nest egg is big.  

 

Now, investment accounts are a different story.  

 

I also thought it was interesting that bonds dropped.  If both stocks and bonds drop at the same time consistently, then that is a very bad thing.  Very bad.  (my Trump tone).

You are exactly right but people like that won't listen.  Over a 30 year career he will end up with about a 2 or 3% annual return and swear he beat the sh!t out of the market. 


You know we're sitting on four million pounds of fuel, one nuclear weapon and a thing that has 270,000 moving parts built by the lowest bidder. Makes you feel good, doesn't it?

#29 Patriotsfatboy1

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Posted 11 October 2018 - 07:40 AM

You are exactly right but people like that won't listen.  Over a 30 year career he will end up with about a 2 or 3% annual return and swear he beat the sh!t out of the market.

 
We need people like that to help us look better. Comparing investing by the Bell curve. :lol:
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#30 cmh6476

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Posted 11 October 2018 - 07:41 AM

and gas prices :mad:


#Royals


#31 bandrus1

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Posted 11 October 2018 - 07:50 AM

 
Timing the market with your 401k is not good advice.  Lots of people lose their shirt trying to time the market.  The reality is that, for retirement accounts, you shouldn't try to outperform the markets because you have a ton of risk in doing so.  You can rebalance periodically to ensure that you have proper diversity in the portfolio, but you are looking to get solid returns over long periods of time so that your nest egg is big.  
 
Now, investment accounts are a different story.  
 
I also thought it was interesting that bonds dropped.  If both stocks and bonds drop at the same time consistently, then that is a very bad thing.  Very bad.  (my Trump tone).


Yup

#32 Voltaire

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Posted 11 October 2018 - 08:07 AM

It's surely a sign our wonderful Obama recovery is finally feeling the Trump effect. 

 

Or maybe the big tech companies' decision to start censoring everything is biting them in the ass.


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#33 trumpurethra

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Posted 11 October 2018 - 10:07 AM

 

Timing the market with your 401k is not good advice.  Lots of people lose their shirt trying to time the market.  The reality is that, for retirement accounts, you shouldn't try to outperform the markets because you have a ton of risk in doing so.  You can rebalance periodically to ensure that you have proper diversity in the portfolio, but you are looking to get solid returns over long periods of time so that your nest egg is big.  

 

Now, investment accounts are a different story.  

 

I also thought it was interesting that bonds dropped.  If both stocks and bonds drop at the same time consistently, then that is a very bad thing.  Very bad.  (my Trump tone).

 

Exactly. Same with your house. Unless you're a contractor and do the rehab yourself and can team up with a good realtor to find and sell the properties, you ain't making money flipping houses. You buy and hold.

 

I don't watch CNBC outside of when I'm at the gym. I don't check my 401k more than a couple times a year and I don't obsess over my house on Zillow. But when the market drops 1000 points, I see homes in my neighborhood sitting on the market and I hear friends start talking like they're worried I take notice. And those things are happening right now.

 

So again I ask, who exactly is winning right now?



#34 NorthernVike

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Posted 11 October 2018 - 10:31 AM

And now the DOW is up on the day. 


Being an ass hole is all part of my manly essence

 

 



You guys have no focking clue what happened so you really should just shut it..

 


#35 Voltaire

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Posted 11 October 2018 - 10:43 AM

And now the DOW is up on the day. 

Just so we get our talking points straight.... if it's a blip, we're still in the Obama recovery, thank you Obama, and if it's the beginning of a slide, it's because small-handed Orange Hitler's ruinous policies have started to kick in.


There's nothing more exhilarating than to be fired upon without effect. - Winston Churchill 

 


#36 Ray Lewis's Limo Driver

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Posted 11 October 2018 - 10:44 AM

Just so we get our talking points straight.... if it's a blip, we're still in the Obama recovery, thank you Obama, and if it's the beginning of a slide, it's because small-handed Orange Hitler's ruinous policies have started to kick in.

 

I believe that is the CNN propaganda we should expect.....absolutely


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#37 bandrus1

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Posted 11 October 2018 - 10:57 AM

Just so we get our talking points straight.... if it's a blip, we're still in the Obama recovery, thank you Obama, and if it's the beginning of a slide, it's because small-handed Orange Hitler's ruinous policies have started to kick in.


No no the correct talking point is

The fed kept interest rates low under Obama to prop him up and the rates should be raised. But if you raise them on me you are willing America

-small handed orange Hitler

#38 Hardcore troubadour

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Posted 11 October 2018 - 11:05 AM

No no the correct talking point is

The fed kept interest rates low under Obama to prop him up and the rates should be raised. But if you raise them on me you are willing America

-small handed orange Hitler


Well, they definetly kept them low during Obama. Why is the question. And as corrupt as the fed has always been, its valid to speculate why.

#39 bandrus1

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Posted 11 October 2018 - 11:07 AM

Well, they definetly kept them low during Obama. Why is the question. And as corrupt as the fed has always been, its valid to speculate why.


Fine

But what about him saying they need to be raised during Obama's presidency but now says that same policy is harmful

#40 mobb_deep

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Posted 11 October 2018 - 11:09 AM

Fine

But what about him saying they need to be raised during Obama's presidency but now says that same policy is harmful

 

He's a politician now.

 

Interest rates need to be raised to counter inflation. It's pretty simple.


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