The ECONOMY ,Stock Market, , & General Finance

Discussion in 'Economics & Trade' started by MiaBleu, Nov 24, 2020.

  1. Quadhole

    Quadhole Well-Known Member

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    I would guess there are millions out there now, working since 2006 - 2013 that now have 100k - 700k and the Market Makers cant wait to short them, strip away their wealth and just like in 2008 Cramer will be there to tell you to (stay the COurse)

    Cramers take
    down 10% - We all go thru these corrections
    Down 20% - well, it has been a ride down but I expect Bankers to pile back in, you wouldnt want to lose out on that 20% (would ya)
    Down 30% - Well, I didn't expect this, but it can only go up from here.
    Down 40% - I wish I had told people to get out when "I first knew" but didnt expect this.
    Down 50% - I am putting all my money back on the table, I will make a fortune and you will too, GET BACK IN...

    See how it works ?
     
  2. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    GDP was among the worst in 2020. but this year is a different story.

    DING-DING!

    Your numbers are way off, which happens when you pull them out of thin air. The market peaked in 2007 at 13K, and dropped to around 7K, and it regained it before 2012, and hit around 20K in 2016, not 2019.
     
    Last edited: Dec 30, 2021
  3. MiaBleu

    MiaBleu Well-Known Member

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  4. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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  5. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Actually it was down 1100 points and ended +100.

    That's a big swing, and demonstrates people are nervous about the Fed, Ukraine and the corporate earnings week.
     
    Last edited: Jan 24, 2022
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  6. Zorro

    Zorro Well-Known Member

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    The Stock Market is up 14.1% over the last year, that's lags Trump's first year of 23.7% by a lot. It makes a difference.
     
  7. Zorro

    Zorro Well-Known Member

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    Oh, I don't know. Trump's 3rd quarter in 2020 was a powerful 33.8% gain. Biden's 3rd quarter in 2021 was a rather tepid 2.3%.
     
  8. wgabrie

    wgabrie Well-Known Member Donor

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    See this near disaster of a stock market crash? It's times like these when I think about how bad investing in stocks actually is. Think of all those times that people claim to want more control of their money to invest. Yeah, no it won't actually work.
     
  9. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Then do something else with your money. Corrections happen all the time. They are opportunities to buy more. DOW was around 6 000 in 2009 and now it has been around 35 000. Bad investment......well, its your money, so you be the judge.
     
  10. cabse5

    cabse5 Banned

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    I need to give a negative shout out to the Federal Reserve, here. The Federal Reserve is one big reason why my investment returns aren't keeping up with the rate of inflation, er, non-profitable because the Federal Reserve has their boot on the throat of the prime interest rate to stem the tide of inflation...Inflation is happening anyway even though the Federal Reserve first denied it then downplayed it then acknowledged it. Folks, inflation is gonna be with us for a very long time because the primary goal of the Federal Reserve is to stem the tide of inflation and the Federal Reserve can't stem the tide of this inflation even though the Federal Reserve is making my investments unprofitable in the process.

    Stocks are obviously unprofitable. One day stocks are up and the next day they're down. Investments on CDs are unprofitable because the Federal Reserve has tamped down on the prime interest rate.
    Bonds are unprofitable 'cause the Federal Reserve has artificially tamped down the prime interest rate which has artificially tamped down the interest rate one can receive on a bond investment.
    Precious metals are unprofitable right now 'cause the Federal Reserve is always gonna threaten to raise prime interest rates but never actually raise the prime interest rate which will strengthen the stock market and lessen inflation (but doesn't eliminate high levels of inflation). Really, really high rates of inflation would occur right now in a free market, er, without the interference of The Federal Reserve.

    No one voted for the Federal Reserve but the Federal Reserve is destroying me.
     
    Last edited: Jan 25, 2022
  11. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    They went up about 20% last year, so they are obviously very profitable.

    If you had $1M in stocks a a year ago, then you would have made $200K last year.
     
  12. cabse5

    cabse5 Banned

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    The stock market is erratic. No one can predict stocks. I don't want to invest in a crap shoot.
     
    Last edited: Jan 25, 2022
  13. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Its your money, so you can invest it in anything you want, or nothing at all. Investment advisors can give you some ideas. I am getting to an age where I should probably be less aggressive too.

    Sure, at times the market has dips /corrections, but over time its a good investment.
     
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  14. cabse5

    cabse5 Banned

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    In a free market, today's high rates of inflation would cause one to normally bail out of the stock market. People are staying in stocks because of the high (I say inordinate) influence of the Federal Reserve.
     
  15. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    They stay because their returns are three fold compared to inflation.

    Where do you think you have better return for your money?
     
  16. cabse5

    cabse5 Banned

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    Tomorrow stocks may lose all those gains if the Federal Reserve allows free markets to determine interest rates.
     
  17. wgabrie

    wgabrie Well-Known Member Donor

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    Well, it could be that the fear from the sell-off was planned all along by big investors to be able to buy into the market at a lower price.

    Of course the long-term state of the market is always up. :)

    I also heard talk that bonds also would be frozen. In a sort of conspiratorial way. I also heard that bonds are going to see an increase in interest rates. Two stories from two different people.
     
  18. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    It doesn't need planning. Investors know corrections occur sooner or later, and are ready to take advantage of them. There was a massive correction in 2020 during Covid, and many were able to cash in on that one.
     
  19. MiaBleu

    MiaBleu Well-Known Member

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  20. Natty Bumpo

    Natty Bumpo Well-Known Member

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    Trump bum kissers may be more inclined to accept the reality you concisely stated if they were ever to stop spouting dogma and acknowledge empirical data.

    Some may whine that the pandemic caused the loss of jobs under Trump (as well as his failure to build a wall and make Mexico pay for it, his failure to repeal 'ObamaCare' and replace it with "something terrific!" - Instead, three million Americans lost health insurance - his failure to rebuild the nation's crumbling infrastructure, his failure to revive manufacturing, resurrect coal mining, etc., his increasing the international trade deficit, his bloating he federal debt from $14.4 trillion to $21.6 trillion, his increasing illegal immigration during his watch, etc.)

    Of course, Trump eliminated the pandemic as an excuse for all his failures by repeatedly braying that he had it "under control!" as "there are very few with it and everybody's getting better!"
     
    Last edited: Mar 4, 2022
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  21. MiaBleu

    MiaBleu Well-Known Member

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    U.S. stock markets fall sharply, with Nasdaq down more than 3.5 percent, as surging oil prices weigh on U.S. economic outlook

    Key lawmakers in the House and Senate said they reached a deal Monday to block the import of Russian oil, but any change would require a vote. The announcement came as gas prices have already breached $4 per gallon in many parts of the country.

    https://www.washingtonpost.com/us-p...9.egjvXGDVjvatVOKXSAnK3k6CNsamsF5oF4bkOvAOJkY
     
  22. Chrizton

    Chrizton Well-Known Member

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    My 401K is taking a pounding so far this year. On the bright side, I spent a lot of the last year buying oil and natural gas stocks so that takes some of the ouchy off of it.
     
  23. MiaBleu

    MiaBleu Well-Known Member

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    Rents are soaring across the U.S. In Tampa, they're rising at an 'abnormal' rate.

    Across metropolitan Tampa-St. Petersburg, the average rent for single-family homes, condo units and small multi-unit buildings increased by more than 28 percent over the past year, according to an analysis by Florida real estate academics. The pandemic beckoned thousands more people to beachside communities, creating a pronounced housing shortage that experts don’t expect to improve any time soon.

    https://www.nbcnews.com/news/record...7ER2fRmuYtU7ZEbTmsiUpI+eHnAZ08Acpdu5LGwEAAA==
     
  24. Chrizton

    Chrizton Well-Known Member

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    Well what did you think would happen when landlords were forced to go without getting rent for over a year---they jacked up prices to cover their losses and now want a better class of tenants than a 22 year old who may or may not be able to pay him next month or may or may not even have to pay him for the next six months depending on what the Panderer in Chief tries in an election year.
     
  25. Natty Bumpo

    Natty Bumpo Well-Known Member

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    Under Trump, the economy lost 2.9 million jobs. The unemployment rate increased by 1.6% points to 6.3%.

    The nation is now recovering with gusto:

    The U.S. added 431,000 new jobs in March and the unemployment rate fell to 3.6%, reflecting widespread hiring and an increasing number of people willing to rejoin the labor force.

    Businesses have a record number of open jobs and are eager to hire because demand for their goods and services are so high.

    The highlights of the March jobs report underscore just how strong the labor market is:

    The decline in the unemployment rate put it just a tick above the 3.5% level that prevailed before the pandemic.
    The last time the jobless rate was even lower was in 1969.

    Hourly wages for American workers rose sharply again, pushing the increase over the past year to a whopping 5.6%.
    That’s the biggest gain since the early 1980s, excluding a brief period early in the pandemic.

    Wages began to rise well before a surge in inflation because there’s so much competition for workers.

    The percentage of people working or looking for work rose a tick to a pandemic high of 62.3%.

    The number of unemployed workers slid under 6 million for the first time since the pandemic began and moved closer to a a 22-year low.

    The number of “job losers” dropped below 3 million for the first time since February 2020 — the last month before the onset of the pandemic.

    https://www.msn.com/en-us/money/mar...es-are-highest/ar-AAVKYNa?ocid=BingNewsSearch
     
    Last edited: Apr 3, 2022
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