• Win an RIX Storm S3 Thermal Imaging Scope!

    To enter, all you need to do is add an image of yourself at the range below! Subscribers get more entries, check out the plans below for a better chance of winning!

    Join the contest Subscribe

Stock Market

Anyone remember the dates of two key events prior to the '08 crash?

- the 50 BPS rate cut
- the corresponding ATH for the S&P
I’m ready. Finally sold my Royal Caribbean position. Had 4,000 shares at $20 per share. Never planned to hold it this long, but damn did this one recover extremely well.

Sticking cash to the side for some opportunities I see coming up.
 
Gotta add the third key event
- the housing market collapse

Don’t know that will happen with the other two this time. So what will be the third? World war??
That WAS the event. Actually the collapse of the financial industry due to subprime home loans and the resulting domino effect of loan defaults. Anything else was incidental or coincidental. There is nothing happening now remotely similar to the events of 08.
 
With the way major Data Center operator / owners are building this could be more similar to the .com bust. Might even see both. Housing market and .com bubbles burst at the same time which could also cause a major financial crisis for the trifecta.
 
Which means even when they are not doing well.

My best returns have been the result of buying while the market is crashing and everybody is panicking. 2001, 2009, etc.

Yeah I missed out on 2001 and 2009 by being too young and 2020 by being in the process of buying a house.

I guess on the plus side for 2020 I may have missed out on the upswing but that’s offset by a 3.25% mortgage rather than a 7% mortgage on the same house that costs $200,000 more.
 
Yeah I missed out on 2001 and 2009 by being too young and 2020 by being in the process of buying a house.

I guess on the plus side for 2020 I may have missed out on the upswing but that’s offset by a 3.25% mortgage rather than a 7% mortgage on the same house that costs $200,000 more.
I refinanced my 4.1% ten year down to a 2.00% 15 year (ironically the ten year rate was higher, so 15 year was the best I could get)
 
Last edited:
It’s not a crash yet. I anticipate it going up. Need a heavier scare before it drops significantly. S&P hasn’t dropped down enough. This is just a blip. A crash is coming but we’re not there yet.
 
Many stocks have already taken a 10% correction
IMG_2103.gif
 
  • Haha
Reactions: Wizard1183
Some have dropped that much today alone. Look at the list over the last 2 days and it’s quadruples easily.
Yea. I’m noticing many earnings reports are no good or even if they’re great they’re still dropping? I don’t anticipating them to drop much further. I think it’s about to pop. Hopefully it does. I need rocket lab, Reddit and Nvidia to hit dorm ATHs might take awhile. No more dollar cost averaging. It’s simply hold. I want $1400 from Nvidia in 8yrs. That’ll give me 1.5 mil alone.
 
Yea. I’m noticing many earnings reports are no good or even if they’re great they’re still dropping? I don’t anticipating them to drop much further. I think it’s about to pop. Hopefully it does. I need rocket lab, Reddit and Nvidia to hit dorm ATHs might take awhile. No more dollar cost averaging. It’s simply hold. I want $1400 from Nvidia in 8yrs. That’ll give me 1.5 mil alone.
I always DCA S&P 500, and exercise calls on people too. I’m the dick bag that will take your shares, lol. I’ve bought so many market tops and bottoms over the years, lol.
 
Yea. I’m noticing many earnings reports are no good or even if they’re great they’re still dropping? I don’t anticipating them to drop much further. I think it’s about to pop. Hopefully it does. I need rocket lab, Reddit and Nvidia to hit dorm ATHs might take awhile. No more dollar cost averaging. It’s simply hold. I want $1400 from Nvidia in 8yrs. That’ll give me 1.5 mil alone.
Yeah.

Nvidia is a head scratcher.
 
It’s not. It’s Apple 2.0. It’s going to become the biggest company in the world. Hitting minimum 10trillion. AI and robotics is the future. And there is no competition or anything close to it.
I was meaning it dropping like it is after earnings.

Stellar quarter, raises guidance, leading chips, no competition and 93%+ YOY growth.

And it’s falling.

I’m guessing 10% or so from top to bottom in the last day.
 
  • Like
Reactions: Wizard1183
I was meaning it dropping like it is after earnings.

Stellar quarter, raises guidance, leading chips, no competition and 93%+ YOY growth.

And it’s falling.

I’m guessing 10% or so from top to bottom in the last day.
Yea there’s a lot of sticks that do well and drop. No surprise. But when it cracks it’s gonna go. I wish they’d raise the dividend. 754 shares and I get $7.54 a qrtr. Pathetic. But hey. I’ll take it if it yields me 1.5 mil in 8 yrs alone lol
 
Find Jim Bianco recent discussion of Mar a Laga accords. Monetary system reset. Debt crisis resolution: long duration zero-coupon bonds, in exchange for US security.

Super interesting. This is not an endorsement, just a possible outcome. I suspect this explains recent volatility.