Posted on 05/25/2022 3:47:05 AM PDT by EBH
**Any relation to Rahm Emanuel?**
If not blood relation, likely politically the same family.
I personally know somebody who retired around that time and is kicking himself for moving all his retirement assets out of stocks. He locked in a six-figure loss and then lost out on all the gains afterwards. Now he may be forced to go back to work to make up the shortfall. Had he stayed put, he'd be in good shape, even in the current downturn.
well, if dollars are worthless, expect everything to be “worth more dollars.”
I hope they do the same with fuel prices. I need to fill my 250 gallon “site tank”. Last time I filled it I paid $2.05 per gallon. I’m almost out.
Agreed. The printing machines will go into overtime before November. That will find its way into the stock market one way or the other. Just a matter of when and how much.
If you look back at the last 2 DEM administrations and chart the market v. “fiat-money issues, you will see the market surging each time.
It’s how they kept the market in such a good ‘mood’ all these years.
Again, 2008 was a banner year for fiat-cash.
It can be “verified” by how it shrunk at the start of Trump’s admin but then surged due to the freeing of actual real money/cash by policy direction, not by cash-pumping.
Ask your self why the market stayed so buoyant when COVID limited the labor force and industry?
Unaccounted-for COVID Relief $$ printed by the Fed.
And, 10% for the big guy.
ClearCase_guy - We’ve seen this BS narrative before. Seems like you and I are the only ones who recognize it for what it is - I guy who is long the market and it’s eating him alive - not just his personal investment, but probably hundreds of clients who are threatening to sell out at whatever loss in order to salvage SOMETHING at the close of business today. My virtually non-existent 401K was totally f***ed following the great 9/11 sell-off in 2001. It lost 40% in the blink of an eye. I finally woke up to the stockbroker’s lies and converted to cash to save most of my original investment. It took 7 years to regain those lost profits and BANG the market tanks over the sub-prime lending crisis of 2008. Only slightly wiser, I took a 30% hit before I could convert to cash - all the while, big name brokers and economists telling people like me that we were stupid to sell - we were sure to re-coup our losses if we would only “Stay invested.” That wasn’t well-meaning advice for me or anyone else. It was a CYA bulls**t advice to save the Broker’s ass. Certainly not mine.
Not buying this theory
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.