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Get Out of Stocks ...
- Thread starter Veer_G
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I said this a week ago on the buy, buy, buy thread. I took my profits and am waiting for the floor to start it up again
ive got a lot in the game, i dont really think there is a problem that wont right itself, invest now, i was trying to be funny with the burn baby burn
This is a good time for the correction. Things will come back.
I figured that the lefties in the financial industry would do this in Sept to influence the mid-terms. Now is a good time.
Why is it happening now? Well... noone's talking about Deep State FBI malfeasance... are they?
Cheers,
Sirhr
I figured that the lefties in the financial industry would do this in Sept to influence the mid-terms. Now is a good time.
Why is it happening now? Well... noone's talking about Deep State FBI malfeasance... are they?
Cheers,
Sirhr
My opinion, not that it's worth anything, it's nothing more than a market correction. I don't think we've seen the bottom yet but I don't think this is a bad thing that is long lasting. The markets have been driven at an unsustainable rate since the election and there isn't yet anything tangible in the economy to support the speculatory growth. Sure we have had good news with regulations and taxes but it hasn't yet translated into a change that is a long term driving force. Similar to a HP Vs torque comparison. Long term, I don't think these losses are hurtful.
Deregulation, tax bill passage, repatriation of large amounts of cash that has been stranded overseas, lowest unemployment ever, workforce participation skyrocketing (more important than the unemployment number), Interest rates jumping a bit, inflationary pressures building for the fist time in decades (not always a bad thing), look at gold, is it screaming up? Other commodities? Lots going on in our great economy, most of it is foreign to many young people and not seen in a generation of investors, not by those that only know government bail outs, this is what capitalism looks like. Keep betting on America, you will win.
+1 ArmyJerry
He has it right. Its a correction but not the normally explained one from a good econ ornmanagerial finance course (rule of 20). This is occurring because of what ArmyJerry is saying....i. Other words the market is doing pretty good in the sense of employment, investment etc.... rates are changing due to it.
It will all bounce and we may see 30K in the DOW before we know it.
He has it right. Its a correction but not the normally explained one from a good econ ornmanagerial finance course (rule of 20). This is occurring because of what ArmyJerry is saying....i. Other words the market is doing pretty good in the sense of employment, investment etc.... rates are changing due to it.
It will all bounce and we may see 30K in the DOW before we know it.
Buy low sell high. My 401k manager better have been buying like a mother fucker.
Back in 2007 when the DOW hit 14,000 I had XXXXXX in my account. Later when it dropped to about 7,000 sure i had lost a bunch but it was all of it was on "paper".
Some one asked me if I pissed and/or worried. I said "only if my manager is not buying buying buying"
When it got back to 14,000 I had more than 1.5x's what i had when it was at 14,000 previous.
Back in 2007 when the DOW hit 14,000 I had XXXXXX in my account. Later when it dropped to about 7,000 sure i had lost a bunch but it was all of it was on "paper".
Some one asked me if I pissed and/or worried. I said "only if my manager is not buying buying buying"
When it got back to 14,000 I had more than 1.5x's what i had when it was at 14,000 previous.
Hey, buy ammo. Commodities are always a haven when currency and stocks turn shitty.
I don’t profess to know much by any stretch of the imagination. What I do know has served me well though. I don’t like losses including “paper” ones. It is true that you don’t really lose unless you sell and are likely to recover the paper loss but you do miss out. If you time things properly, you get back the price you had but with a greater number of shares. It is free money.
I really find that most people suffer from a couple of issues when it comes to investing
I really find that most people suffer from a couple of issues when it comes to investing
- They don’t trust themselves. It is “too complex”.
- They let others do their thinking for them. Unless your net investable portfolio is several million, that is a bad idea.
- They refrain from selling even when the market is showing you the signs to sell. It’s called greed. They just watch it happen and convince themselves that it is happening to everyone. We’re all in it together. Misery loves company.
- They are lazy. It takes work no doubt about it. However, it is YOUR money.
A lot of good points. I am going to focus on that one as it pertains to my previous post.
I had the hardest time explaining to people that. Lets say I had. 20 shares and the value dropped in half. I could sale and loose half my money or I could buy more at 1/2 price. (Someone else takes the loss). If it comes to just "even" on my original stocks. Now that i own more I have made money even though i am at the "break even" point on my originals.
Buy low sale high. Trust me i am small potatoes. As Nik says it takes work and normally i have my head under a car.
Warren Buffet says buy when everyone is selling and sell when everyone is buying.
The Futures markets were in a bit of turmoil last night. It seems set for a modest down open but it was a real roller coaster for a while
The Futures markets were in a bit of turmoil last night. It seems set for a modest down open but it was a real roller coaster for a while
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Buffett's quote was
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
My favorite Buffett quotes
"The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
Ah that's it.
He is a smart mofo when your stock is worth 295,000.00 after an almost 19000 dollar drop yesterday, you are doing well. I remember when it was worth 5-6 grand. Not a whole lot of folks can buy a 295,000.00 stock though.
Buffett is a inside trader, he is no different than those that receive benefits from DC. Look deep into his investments you will see a lot of eyes being closed to his violations of FTC and other securities act laws. He dam near makes old John D look like a piker except John D did it without help from the two DC mafias.
But John D was a larger piece of shit for dealing oil to the Nazis in WWII. Fuck him and the toilet he flushed in on.
The secret pact of Standard Oil with the Nazis - Gaby Weber
https://www.gabyweber.com/dwnld/artikel/eichmann/.../secret_pact_standard_oil.pdf
above all, John D. Rockefeller who founded Standard Oil in 1870. .... easy, after the decision of US Congress to enter in the War and to frustrate the pact of. Big Oil with the Nazis. For Standard Oil it was a profound defeat. How did they ... But the CIA offered to sell me the information, paying 2880 dollars for
John D pales in comparison to the know how of Buffett. John D and the family as a whole was also an overt crook that made his money without conscience.
In my experience, Buffett is one of the brightest guys out there and routinely offers insight for free that you can't get anywhere else. His opinions are easily understood versus being Wall St double-talk. Insight that has time and time again prognosticated the events that occurred. Being a businessman AND an incredibly active technical investor, puts him in a unique position.
I don't know about the FTC and other security act violations that you speak of Jerry. However, no one amasses that kind of personal fortune without bending a few branches.
In my experience, Buffett is one of the brightest guys out there and routinely offers insight for free that you can't get anywhere else. His opinions are easily understood versus being Wall St double-talk. Insight that has time and time again prognosticated the events that occurred. Being a businessman AND an incredibly active technical investor, puts him in a unique position.
I don't know about the FTC and other security act violations that you speak of Jerry. However, no one amasses that kind of personal fortune without bending a few branches.
Blaming "Bush" already ...
https://finance.yahoo.com/news/trumps-stock-market-mistake-003807573.html
https://finance.yahoo.com/news/trumps-stock-market-mistake-003807573.html
Fuck Buffet and his willingness to be a tool and his thinking we are dumb by putting out that false "My secretary pays less taxes than I do" argument.
Apparently he does care about "the crowd".
Buffet got paid pretty well for his position by moving oil in trains. He only took out one town while operating that scam. Now the oil is flowing through pipelines and he probably misses that revenue.
Trump is 100% responsible for rising stocks. My reasons...
1. Business said "Thank Christ we are not going to be nationalized or at minimum taxed/regulated to death" and the market responded.
2. Due to the expectations of more favorable tax structures and the repatriation of cash, business further heated up the stock market.
Obamas contribution to the rise of stocks
1. Ridiculously low, unhealthy, interest rates that I think were held that way so Obozo could spend to his hearts desire without everyone seeing the debt clock start spinning higher than Mach 2.
2. Creating a business environment where there was nothing else to invest in but stocks. Businesses were not going to expand because more employees meant more Obamacare or fighting regulation and the possibility the O regime determines you to be an enemy of the state, so money was dumped into the only game available - Wall Street. The fake interest rates under O meant no where other than Wall Street to invest. Obama gave the one percent a herd of seniors and savers that used to live off of safe 5-7% CDs.
Trumps blame for the current down ward correction
1. Business is now understanding he means it about the wall. They are losing their slave labor and may have to pay Americans to work.
2. Trump is also going to let market forces work as Adam Smith intended to a degree - money is no longer free.
3. There is an impact from the current "soft coup" being perpetrated. Business knows what is going on and it creates uncertainty. Drain the swamp and the are going to hit the accelerator on the economy.
Obamas blame for this....
1. Exactly what we accuse China of - currency manipulation. He spent 8 years building a shit sandwich now we are all going to have to take a bite. The optimistic hope is that it has no after taste and once the plate is clear a sound economy will be like a nice steak, pink in the middle, with salty charred fat at the edges.
The worst economic decision of this century was the idea of "too big to fail" an absolute crime against nature for going down that road.
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The Repeal of Glass Steagall in 1999 and the 1996 telecommunications Act are the two worst pieces of legislation of modern times. The first allowed too big to fail banks. The second allowed big corporate media. We are being hosed by both right now.
Oh and it just happens that Bill Clinton did both.
Bet on Trump winning so I adjusted my IRA holdings in September 2016. Then I sold off about 20% of my IRA holdings last week. 
Waited for the dip and then reallocated. FLIR has made me smile many times in the past 18 months, they release their 2017 full year financials on 2-14-18. Just sayin'. The indicators of the pending dip were all there.
Waited for the dip and then reallocated. FLIR has made me smile many times in the past 18 months, they release their 2017 full year financials on 2-14-18. Just sayin'. The indicators of the pending dip were all there.
Look at his control of rail as an example, his donations stopped many pipelines and double stack TEU high tunnels through the Rockies, which required double the amount of rail cars that he happened to own. All you guys were for the Dakota access pipeline for years, well he was the one blocking it.. He is more insidious than any Rockefeller or Carnegie. I watch these guys close, I deal in big industry and watch where their actions meet the political. Buffet is a POS on the highest order. Not SOROS POS BUT up there. You guys read about it and most of what you read is bullshit I watch it and operate in it every day ,here in the USA and globally.
Jerry you are right about Buffett. Sometimes I wonder if Buffett employs Soros to be the target for us while he cruises under the radar.
I'll take your word that you see things I don't Jerry. I don't think anyone who has built wealth to his extent was a church boy. It is a ruthless endeavor. Not making excuses for him. Everyone choses the path they walk.
Despite his personal shortcomings, he is quite a genius at making money and as I said, his advice has helped me achieve some measure of success in the investing world. The other billionaire boys club members never talk about investing and the market and when they do, it is all platitudes that mean jack
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I will say I only noticed his shenanigans over the past 20 years, prior to that I think he was above board.
