Originally Posted by dawg80
Is that what it is? I suppose I can ask you if your wannabe fake news schtick ever work. Does it?
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Is that what it is? I suppose I can ask you if your wannabe fake news schtick ever work. Does it?
Ya know...your comments on the market, and sometimes on the economy, are SOMETIMES the exceptions that prove the rule: you are full of shit!
I have been an investor in the stock market since the late 1970's. I have had my ups and downs, bumps and bruises, and successes too. I have mostly liquidated holdings, and have not added too much, since the market rebounded, really dating back to obummer's tenure. Since Trump's market explosion (over a hundred record highs set) I have further shied away from adding to my portfolio. I had several instruments that matured in the past 5 years and have retired all my debt and for the most part, I am still sitting on a wad of cash. I have been very selective in picking up shares, watching and catching a few on dips. I have NEVER bought stocks based on what the DOW is doing. I look at the companies themselves and see how they are doing individually. That takes time and effort and frankly, I am beyond having to worry about that stuff now. My grandkids and their kids will all be millionaires.
I also think the market will continue pretty much along the same lines, sans a few minor adjustments, as long as Trump is POTUS. If Biden or Sanders wins in November, look for a huge "correction" i.e. crash! I plan to further liquidate between now and November anyway.
10 year treasury below 0.5% now. 30 year treasury below 1%. Wow. I am not sure anyone ever foresaw it getting this bad.
The socialist/Marxist politicos and fake news networks are trying to create panic until November elections as it’s their only chance. They will use the virus, oil market war of Russia and Saudi as well as anything they think will stick.
Such a sad, demented and sick lot.
Not everyone agrees it's a "bad" sign. Certainly not the fellow I saw on Bloomberg this morning. And Warren Buffet says long-term bonds have always been a "terrible investment."
And, this tidbit, the worldwide economy is doing so well, and most companies (over 80%) have better cashflows and cash positions to project better returns than ANY government-based instruments. Savvy investors are not chasing the likes of treasuries.
And this, just saw another pundit, on Bloomberg, say since 2007 economists have had most everything they were taught, and thought was so, proven not to be. Bottom line, no one knows what the yield on US treasuries means, but most likely don't mean a damn thing.
I don't know...I have never studied such things, and apparently it's good I never wasted my time. My only foray into government-based investments were (are) US Savings Bonds. I started purchasing them in the early 1980's because the company I worked for matched us dollar for dollar. I was able to purchase $100 face value bonds for $25. Seemed like a no-brainer to me! My last such purchase in my name was 1999, since they mature in 30 years.
Finally this, just read a report sent to me by Motley Fool...it says investors are using US treasuries as a hedge against DEFLATION. Deflation? With the economy on steroids I'd say inflation is a much more likely scenario.
Fake news. Trumpist Dan Scavino cut the video off mid-sentence. Here's the whole quote:“We can only re-elect Donald Trump if, in fact, we get engaged in this circular firing squad.”
You guys would be whining about the mainstream media had they done the same thing to Trump.
S&P set to open down 6.5%. Futures market froze after dropping 5%. Buckle-up.
Time is your friend. Impulse is your enemy. -John Bogle
There are literally 100’s of Biden gaffes out there.
Tell the truth, you’re giddy about this market news aren’t you?
I'm not giddy at all. You're truly ignorant if you think I am. There are a few others on this board for whom major market swings are as impactful on their day to day lives as they are for mine. I post about it because it is continued evidence that the narrative that the coronavirus is "no big deal...no worse than the flu" is utter BS.
Time is your friend. Impulse is your enemy. -John Bogle
Panic in the markets is not evidence that Covid-19 is a legit health concern. It may be, but if you're depending on typical market skittishness as your measure on a scientific health-related question, you are goofier than I thought. You are supposedly in investments/market as a living...you mean to tell me you don't KNOW how stupidly skittish the market can be, even on mundane news? Really?
It is "continued evidence" of a hyped health crisis and the VERY predictable market reaction to it. Nothing more.
And you have the gall to refer to someone as "truly ignorant"!?
Perception is not reality when it comes to the virus.
Yes, anyone who says I'm giddy about the market downturn is truly ignorant. Almost as ignorant as someone who would insinuate that I'm hoping a virus would kill millions. The one who insinuated the latter is such a peddler of ignorance that he's rarely worthy of a reply. He's the embodiment of one of my favorite quotes: Don't wrestle with a pig. You'll get dirty and the pig will enjoy it.And you have the gall to refer to someone as "truly ignorant"!?
Time is your friend. Impulse is your enemy. -John Bogle
Your reading comprehension skills suck. I never said that you were hoping for a virus.
Your reading comprehension skills suck. I never said that you were hoping for a virus to kill millions. My reference was to the market. Read the damn post.
I wasn't talking about you. Keep your powder dry.
Time is your friend. Impulse is your enemy. -John Bogle
You can’t pick one thing and say that it is evidence that everything is good or bad. A good stock market index doesn’t mean everything is great. Low bond yields doesn’t mean it’s bad. You have to look on the whole. More people are doing better now than before Trump. Are there still poor, yes, but even those people have on average are better off. Now it’s time to cut the fat on the state and federal level.
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