stock market was up today...

[evillawyer]

@W.TN.Orange Blood will be by any second now to thank biden.

I never heard back from him after I showed him that the 20 greatest single day point drops were all under the orangutan.

 

[VolunteerHillbilly]

The market will correct when the fed raises interest rates. There's too much money and right now the only place for it to go is the market.

 

[VolStrom]

I never heard back from him after I showed him that the 20 greatest single day point drops were all under the orangutan.

Who GAS about point drops, tell us about percentage drops.

 

[evillawyer]

Who GAS about point drops, tell us about percentage drops.

Yesterday was a very small percentage drop (~2%), but our resident chicken littles were in a (somewhat giddy) panic and blaming it on Biden.

 

[Thunder Good-Oil]

I never heard back from him after I showed him that the 20 greatest single day point drops were all under the orangutan.

Now maybe you can add the greatest single day increases. And the multi-year rally results under the cloud of COVID-19.

How many of those single day drops were reactions to the pandemic? It sure bounced back quickly despite the country being shut down.

 

[Thunder Good-Oil]

The market will correct when the fed raises interest rates. There's too much money and right now the only place for it to go is the market.

It’s been going to real estate improvements and purchases. At least with the retail investors.

 

[VolunteerHillbilly]

I’m not overly confident that Harris-Biden is more likely to skillfully manage the economy than to screw it up. High frequency traders should be happy with the market volatility though.

That's really the only thing pushing prices. We did not have a correction in 2020 that adequately accounted for the real dip in GDP. The drop from 2019 to 2020 was only about 2.5% but 31% of GDP was government spending. That's roughly $7 trillion in 2020 alone. It will be more for 2021. Eventually, that is the size of the correction we should see in the market.

 

[VolStrom]

Yesterday was a very small percentage drop (~2%), but our resident chicken littles were in a (somewhat giddy) panic and blaming it on Biden.

Well he is the "commander in chief" and he also told us yesterday that he could fix inflation by unloading $3.5 trillion dollars on our economy to fix it, so yeah, he's stupid.

 

[Thunder Good-Oil]

That's really the only thing pushing prices. We did not have a correction in 2020 that adequately accounted for the real dip in GDP. The drop from 2019 to 2020 was only about 2.5% but 31% of GDP was government spending. That's roughly $7 trillion in 2020 alone. It will be more for 2021. Eventually, that is the size of the correction we should see in the market.

IMO the US weathering the pandemic better than most of the rest of the world kept it intact as the go to safe haven for storing liquid wealth. I don’t see that changing. $25 trillion in ND isn’t as ornery when the competition overseas is a year behind battling COVID.

 

[Thunder Good-Oil]

Yesterday was a very small percentage drop (~2%), but our resident chicken littles were in a (somewhat giddy) panic and blaming it on Biden.

I’m not concerned about a knee jerk sell off triggered by negative COVID news. I am concerned about inflation and oppressive corporate and investment taxes derailing the equity markets. Environmental posturing for the woke element isn’t a great idea either.

 

[Vol737]

Look! It’s the “Trump Jump” today!






Just stirring the pot. Couldn’t resist because I know EL was going all apoplectic till she got down to this part.

 

[SpaceCoastVol]

I was in a heated discussion on another forum, and I wanted to bring the discussion here.

Here’s a calculation of how incredibly awful Social Security is. In 45 years of working, I and my employer have contributed $338,524 into that program. If I divide that evenly throughout that time, it comes out to $7500/year, $625/month or $312.50 every two weeks. I am going to round that down to $200 every two weeks to show how absolutely insane that program is and how much it costs us Americans. Here are the parameters: $200 every two weeks contributed into a Total Stock Market ETF that averages 8% (again rounded down… VTI has averaged 8.8% since inception). Again... $200 every 2 weeks… 45 years at 8%. Care to guess? $2 million dollars… and change. If I use $300, it would be $3 million.

As it stands right now, with the pathetic payout I will get at age 70, it will take 8 YEARS to recover just what I have paid into it. Maybe if I live to be 100 I will actually see some return, but inflation will pretty much kill that.


If a young working person puts a mere $50 every two weeks into that same index fund, he will have well over $500K. The government is stealing money from us under the guise of a ‘retirement’ plan, and pilfering that money for God knows what.

Just another example of how the government steals from us and tells us it's for our own good.

 

[Velo Vol]

Environmental posturing for the woke element isn’t a great idea either.

This amused me.

 

[Orangeburst]

I was in a heated discussion on another forum, and I wanted to bring the discussion here.

Here’s a calculation of how incredibly awful Social Security is. In 45 years of working, I and my employer have contributed $338,524 into that program. If I divide that evenly throughout that time, it comes out to $7500/year, $625/month or $312.50 every two weeks. I am going to round that down to $200 every two weeks to show how absolutely insane that program is and how much it costs us Americans. Here are the parameters: $200 every two weeks contributed into a Total Stock Market ETF that averages 8% (again rounded down… VTI has averaged 8.8% since inception). Again... $200 every 2 weeks… 45 years at 8%. Care to guess? $2 million dollars… and change. If I use $300, it would be $3 million.

As it stands right now, with the pathetic payout I will get at age 70, it will take 8 YEARS to recover just what I have paid into it. Maybe if I live to be 100 I will actually see some return, but inflation will pretty much kill that.


If a young working person puts a mere $50 every two weeks into that same index fund, he will have well over $500K. The government is stealing money from us under the guise of a ‘retirement’ plan, and pilfering that money for God knows what.

Just another example of how the government steals from us and tells us it's for our own good.

Cheating on us!

 

[Thunder Good-Oil]

I was in a heated discussion on another forum, and I wanted to bring the discussion here.

Here’s a calculation of how incredibly awful Social Security is. In 45 years of working, I and my employer have contributed $338,524 into that program. If I divide that evenly throughout that time, it comes out to $7500/year, $625/month or $312.50 every two weeks. I am going to round that down to $200 every two weeks to show how absolutely insane that program is and how much it costs us Americans. Here are the parameters: $200 every two weeks contributed into a Total Stock Market ETF that averages 8% (again rounded down… VTI has averaged 8.8% since inception). Again... $200 every 2 weeks… 45 years at 8%. Care to guess? $2 million dollars… and change. If I use $300, it would be $3 million.

As it stands right now, with the pathetic payout I will get at age 70, it will take 8 YEARS to recover just what I have paid into it. Maybe if I live to be 100 I will actually see some return, but inflation will pretty much kill that.


If a young working person puts a mere $50 every two weeks into that same index fund, he will have well over $500K. The government is stealing money from us under the guise of a ‘retirement’ plan, and pilfering that money for God knows what.

Just another example of how the government steals from us and tells us it's for our own good.

It is a regressive tax being passed off as a defined benefits plan. It is incredibly inefficient considering the matching 6.2% kicked in by employers.

Young people should put as much as they can into VTI on a regular basis within a Roth IRA. That’s the only financial advice they’ll ever need and they will retire in outstanding financial condition.

 

[Velo Vol]

Gold doesn’t generate income and isn’t a great long term hold. But with the Biden inflation rolling it’s a good idea right now. Crypto would be a great place to be if its creation was capped at something other than infinity. Something might be in a narrowish trading range for the next year.

Gold price today is lower than it was a year ago.

 

[Thunder Good-Oil]

Gold price today is lower than it was a year ago.

And it is barely above where it was 10 years ago. 2 years ago it was something like a third lower than where it is today. It’s not a great long term investment. It does not generate income and will not have compounding growth as an investment. It is a hedge against inflation (although it has likeky gotten ahead of itself this cycle) and a pretty safe place to store value in unstable economic times.

 

[DancingOutlaw]

I was in a heated discussion on another forum, and I wanted to bring the discussion here.

Here’s a calculation of how incredibly awful Social Security is. In 45 years of working, I and my employer have contributed $338,524 into that program. If I divide that evenly throughout that time, it comes out to $7500/year, $625/month or $312.50 every two weeks. I am going to round that down to $200 every two weeks to show how absolutely insane that program is and how much it costs us Americans. Here are the parameters: $200 every two weeks contributed into a Total Stock Market ETF that averages 8% (again rounded down… VTI has averaged 8.8% since inception). Again... $200 every 2 weeks… 45 years at 8%. Care to guess? $2 million dollars… and change. If I use $300, it would be $3 million.

As it stands right now, with the pathetic payout I will get at age 70, it will take 8 YEARS to recover just what I have paid into it. Maybe if I live to be 100 I will actually see some return, but inflation will pretty much kill that.


If a young working person puts a mere $50 every two weeks into that same index fund, he will have well over $500K. The government is stealing money from us under the guise of a ‘retirement’ plan, and pilfering that money for God knows what.

Just another example of how the government steals from us and tells us it's for our own good.

A man who averages $100k per year of salary over his career and a man who averages $20k per year will receive the same benefit at retirement. It's incredibly regressive. They will never let you opt out because the only people that will are the ones who keep the pyramid running. My retirement plan doesn't include SS because I assume I'll either be means tested out of it or MC will eat the entire check.

 

[85SugarVol]

And it is barely above where it was 10 years ago. 2 years ago it was something like a third lower than where it is today. It’s not a great long term investment. It does not generate income and will not have compounding growth as an investment. It is a hedge against inflation (although it has likeky gotten ahead of itself this cycle) and a pretty safe place to store value in unstable economic times.

Better store of value right now: Gold or Ammo?

 

[Thunder Good-Oil]

Better store of value right now: Gold or Ammo?

Gold. You can always melt it down into projectiles.

 

[DancingOutlaw]

Gold. You can always melt it down into projectiles.

You can't rob someone with a bar of gold.

 

[Orangeslice13]

Nobody said that it's just the trumpers, no one. But since this has your dander up, it's ALSO the trumpers that are vaccine hesitant.

And it is definitely the trump supporters who are in here bitching about potentially having to get a vaccine. Also the one in here blaming Biden for a tanking stock market.

I’m vaccinated. I did so without being forced so I could go on vacation. I think Biden is ****ing the market. Although it actually won’t show up for about another year.

 

[85SugarVol]

Gold. You can always melt it down into projectiles.

Expensive rounds

 

[Velo Vol]

The market will correct when the fed raises interest rates.

It would be interesting to see what would happen if it merely stopped buying stuff.

 

[Thunder Good-Oil]

Thank you Kamala and Joe. You’re the bestest. But next time I’ll need the pullback to last a bit longer so I can buy more of the dip. Should’ve had Joe read something off of his teleprompter about taxing the rich or going door-to-door with vaccinations.