#Bidensmarketcrash
Jao Bai-din can call former President Jimmy Carter for advice. /sarc
There is a long standing saying about the stock market.
Namely, what happens in January sets the stage for what the rest of the year will be like.
Wall Street has this week to make January end in the positive.
Somehow I do not believe that will happen.
The market needed a correction. Probably needs another 10 percent.
You only lose if you sell.
“in the first 16 trading days of 2022 in its worst-ever start to a year, according to Bloomberg data that goes back over nine decades. “
Apples and oranges. Each decade the moves in the markets occur in shorter and shorter timeframes. A 10% move that took a month to unfold decades ago now occur in hours or days. Technology keeps compressing the time.
“..A year of Biden and what we might get is war...”
Yep. They gotta “do something” to take the heat off their pedophile and merry band of communists.
But, hey, all the suburban soccer moms across the fruited plain that voted for the POS should now be happy; NO MORE MEAN TWEETS!!! Whadda sorry bunch of moronic dumbazzes.
New MAGA campaign theme?:
” it’s the economy, stupid!”
My portfolio is matched by Speaker Pelosi. Guaranteed money maker!
I cashed out 1/4th of my S&P holdings last month. I guess I made a good profit over the last few years.
Now I have to decide whether to ride it out or move them into something more stable. I will probably ride it out.
Falling knives, and all.
Hopefully, most folks, here, were prepared as could be, for this.
I strongly believe it’s better than a 50% chance.
And preparing accordingly.
Here’s the bright side, most people have a 401k. When they see that 401k shrinking fast, they will be angry at the party in power. This includes Democrats who see their 401k turned into a mini.
GETRIDDADABUM!
many of the other LW discussion boards fault Trump and his “insurrection” for the drop in the market, Russia invading Ukraine and China now threatening Taiwan. It’s like they want you to think Joe Biden is “The Victim President” who is powerless against any decision Don made years ago. Pathetic.
But many of the LW posters on those boards are excited about Ukraine and want to get in a shooting war with Russia, claiming “Joe can knock all their nukes out of the sky and turn Russia into a lake of fire”. Very disturbing, because these are folks like AOC saying this. Which means most progressives see a nuclear war with Russia as a serious alternative to be considered.
We have a nation of idiots who think nukes are once again the answer to all problems..
October 1987 the stock marked crashed 23%
They REALLY wanted their hands on those trillions in 6build 6ack 6etter.
I called today...opportunity.