"Buy low, sell high!"
Posted on 05/20/2022 9:05:02 AM PDT by Tell It Right
it looks like it will be a bad day. S&P 500 is now down 80 points.
Sell in May and go away.
S&P 500
52 Week Range
3,814.49 - 4,818.62
New 52 week low set today.
To be honest I sold the day Brandon entered the WH. All last year it looked dumb. Now I'm starting to look like I was on the right track, if a year early.
“If you invested in the S&P 500 the day Brandon entered the WH..”
That’s when I sold.
Me too. I hated myself for doing it all last year. Now it’s looking like the right decision if a year too early.
It’s a Russian Bear market
Black Friday
Steely Dan
When Black Friday comes
I’ll stand down by the door
And catch the gray men when they
Dive from the fourteenth floor
When Black Friday comes
I’ll collect everything I’m owed
And before my friends find out
I’ll be on the road
When Black Friday falls
You know it’s got to be
Don’t let it fall on me
When Black Friday comes
I’ll fly down to Muswellbrook
Gonna strike all the big red words
From my little black book
Gonna do just what I please
Gonna wear no socks and shoes
With nothing to do but feed
All the kangaroos
When Black Friday comes
I’ll be on that hill
You know I will
When Black Friday comes
I’m gonna dig myself a hole
Gonna lay down in it
‘Til I satisfy my soul
Gonna let the world pass by me
The Archbishop’s gonna sanctify me
And if he don’t come across
I’m gonna let it roll
When Black Friday comes
I’m gonna stake my claim
I’ll guess I’ll change my name
Earlier this week I was going to need two more years before I retire. Now it is up to five. Might just be cheaper to take the penalty, cash out and become a expat.
Nooooooo!!!!!!!!!
So far it's taken 4 months to go down 20%. If it reaches 30% by the end of June I'll buy back into stocks.
I was thinking S&P to 2400-2600. Then it will bounce around for the next 4-5 years if we’re lucky.
These clowns have done enough damage that we may get lucky and the market will go sideways for a shorter time but if you look at the chart of the S&P, there are charts showing that with inflation adjusted returns you could have bought in June of 2000 and waited till December 2014 to get back to your purchase point or June 1968 till November 1991
https://www.macrotrends.net/2324/sp-500-historical-chart-data
The time to buy stocks is when folks like you promise never to buy stocks again in their lifetime.
My guess is that a 50% drop from the high will get that done.
So are we in recession? Oil prices seem to be saying no.
NFLX finally selling at a reasonable PE these days. Bunch of suckers were hoodwinked.
It’s hard to imagine being in a recession with the gubment spending so much money. About 1/3rd of the GDP calculation is gubment spending. If a recession is defined as two quarters in a row of negative GDP (I hate that definition, but I’ll go with it since it’s the “standard”) then we won’t have a recession until we elect another Coolidge.
Yes they voted for it and while they were stupid enough at the time they know what they got for their votes. You feed the bear and everything is fine until you run out of food.
“””It’s hard to imagine being in a recession with the gubment spending so much money”””
I just got my six month car insurance renewal notice. Next 6 months is 30.7% higher than the current 6 months.
As inflation hits the consumers, they are forced to buy fewer discretionary items and that leads to less production in many areas of the economy.
Voila, we are then in an inflation caused recession.
When Reagan took office in 1981, the national debt was about $990 BILLION -— today the debt is more than $30 TRILLION.
Volker had flexibility when he raised interest rates to combat inflation in 1980. The current FED does not have such a luxury.
Given the corruption within the Biden Crime Regime, we could be facing some really bad times.
I hope you are correct. As of now, my retirement age went from 65 to 70 thanks to this dumpster fire of an administration.
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