People who check their 401k quarterly or annually...sipping on a margarita about right now (it is Friday night).
And I’m the idiot for going full Michael Burry?
Almost completely out of stocks at the moment and am now sleeping at night. Sure, it will rebound slightly next week...followed by a lower low.
If only we could inject more money into the system via student loan debt forgiveness or something. Yeah, yeah, that’s the thing.
Closer to capitulation, it’s progress.
The markets mean nothing. It’s the inflation that is going to destroy almost everyone’s finances.
FJB...
On thursday the stocks went up quite a bit then on friday fell past wednesday close. The only plus was the FED made the speech after the stocks rose or it would have been much worse.
My AMD stock was up over 4% on thursday and now down 6.17% so 2%+ further down. Last week on thursday it was at $100 and today at $91.18
Yesterday was at $97.18 then BLAT!
Click on the 5 day to see the rise then the drop: https://finance.yahoo.com/quote/AMD?p=AMD
Any new spending proposals coming next week from congress or biden? !!
We need them and oh throw in some more billions to help Ukraine....
Thank goodness Biden passed the inflation reduction act.
We need more sanctions on Putin to cripple his economy!
Coming from the same WSJ who asserts that Europe won’t be rationing energy this coming Winter. LMAO.
Yeah, I know it hurts, but the demonrats won elections for 50 years on the back of 1929. I want the markets to tank. I want people to start sleeping under Biden-Blankets and urban camping in Harris Houses (cardboard boxes) on the sidewalks in big democratic-run cities.
I don’t regularly watch the news.
How did they spin this to go along with “surging rise in popularity of Biden portends big wins are coming for the Democrats in House and Senate midterms?”
I don’t know if I should bother putting my monthly $500 in to my kids 529 plan these days. I haven’t put any money into it in the past 3 months.
What do you folks think? Should I just bank it and make a big payment to the 529 later this year? Or just keep sending it in hopes that it doesn’t go down too much further?