stock market was up today...

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#13,276
utvolpj said:
How does that affect the economy?

Nuke plants are a 10-12yr endeavor while a potus is 8 max. None want to risk it knowing they won't get the credit
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Entitlements and wealth redistribution concepts are counter-productive.

The far left green movement killed off nukes decades ago. Radical Islam terrorism (and nuts like McVeigh and Nichols) threw more wrenches into the mix a few decades ago as well. Take away the obstructive regulating and they’d be online much sooner. Big Oil won’t be lobbying for those changes though.
 
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#13,278
hog88 said:
Had a looong talk with our Kenworth dealer today. Been waiting on a chassis for over a year it was finally built Aug 8 but it’s still sitting at the factory in Cleveland. No front spring assemblies, no idea when truck will be shipped and I should expect the 2 scheduled to be built in November to be pushed back to January. Freightliner has pushed the 2 we have on order till spring.

I’m about done myself.
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LOL... and you say China needs the US.
 
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#13,280
utvolpj said:
Redistribution is didn't than what you describe. It's also a drop in the bucket compared to the trillions spent in the past few years to prop up a very fragile economy
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Half of his EOs are carving out something for somebody that somebody else pays for. It creates a lazy, entitled workfirce. Reinforces the blame others for my struggles attitudes. POTUS should focus on growing the economy instead of turning it into one with half the population having a Robin Hood mentality.
 
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#13,282
IluvdoubleD's said:
Inflation report was previously manipulated to 9%... it was expected to be manipulated to 8.1%. It was actually manipulated to 8.3% in order to show a month over month decline next month. It's not down at all nor will it come down to 2023 and anyone who has run a business or gone shopping in the last month knows that.
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Fyp
 
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#13,283
Ernest T. Vol said:
Today's move didn't go below Sept 6th close just a few days ago. Another 7% down to test the June lows.
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Maybe it will be like ripping off a Band-Aid this time. How long was the previous correction? About 12 consecutive down weeks for equity averages?

Speaking of Band-AIDS, Johnson & Johnson (JNJ) has been a strong stock.
 
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#13,286
Thunder Good-Oil said:
Maybe it will be like ripping off a Band-Aid this time. How long was the previous correction? About 12 consecutive down weeks for equity averages?

Speaking of Band-AIDS, Johnson & Johnson (JNJ) has been a strong stock.
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The June swoon was 6 trading days out of 7 for about a 13%'sh drop. The trend is down of course and holding the June low will be big, imo. I like JNJ and have a big chunk in my core folio. The 2.87% div is safe and has been solid for 59 years. The div growth rate is 6% for the last 5 years, which is pretty good for a solid cash cow.
 
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#13,287
VolStrom said:
I'm actually enjoying this train wreck to the bottom, because for the first time in my life I sold off my holdings and went to cash. As long as the S&P stays below 4400 I'm in the green. I still think the S&P will see 3300-3500 and when it does I'll buy back in.
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I sold off about 65 percent of all my shares last Septemberish. Anticipated this may happen. Just waiting for the bottom to jump back in.
 
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#13,290
Thunder Good-Oil said:
Half of his EOs are carving out something for somebody that somebody else pays for. It creates a lazy, entitled workfirce. Reinforces the blame others for my struggles attitudes. POTUS should focus on growing the economy instead of turning it into one with half the population having a Robin Hood mentality.
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Why? Wealth doesn’t create dependent voters.
 
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#13,291
FckfcI_XwAQqU5r
 
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#13,293
#13,293
VolStrom said:
I'm actually enjoying this train wreck to the bottom, because for the first time in my life I sold off my holdings and went to cash. As long as the S&P stays below 4400 I'm in the green. I still think the S&P will see 3300-3500 and when it does I'll buy back in.
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You could sell cash secured put options for stocks that you like. Pick weekly and WAAAAYYY out of the money strikes. Chose contracts that are well out of the money, with near expirations (less than 4 or 5 weeks out), and IV under 50% (lower if you want to increase your odds of NOT being assigned shares - but premiums are less). Quality companies as well in case you are assigned. But if you are assigned, then you can sell covered calls (with strikes above your cost) on those assigned shares. Pick strikes at the money or barely out of the money (higher than the current stock price) and your shares should get called away. Then you’re still all cash, but would have collected some premiums coming and going on the trades.
 
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#13,294
Coug said:
Walmart has lost its mind and a ton of money. The Walmart I used to go to has been turned into this awful, dark hole of a shrunken store. They're turning it into a fulfillment center I guess to try and further compete with Amazon which makes zero sense. Walmart has been a brick and mortar store for decades and suddenly they're trying to be an online retailer. I don't even shop there anymore especially since they stopped staying open 24 hours.
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Work ethic has gone away. It's hard to get people to work. You'd think half of our workers before Covid has been vanquished. Something happened to honest hard work that makes you wonder if it'll ever return or at least in the immediate future until the economy crashes because of democratonomics.
 
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#13,295
hog88 said:
You are 100% correct that we would be experiencing pain from inflation even had Trump been reelected. The biggest difference is that Biden's handlers have intentionally tried to make it worse while I believe Trump would have tried to free up the country to get production rolling again.
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And he wouldn't have declared war on fossil fuels, one of the main drivers of the inflation.
 
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#13,296
#13,296
VolStrom said:
I'm actually enjoying this train wreck to the bottom, because for the first time in my life I sold off my holdings and went to cash. As long as the S&P stays below 4400 I'm in the green. I still think the S&P will see 3300-3500 and when it does I'll buy back in.
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norrislakevol said:
I sold off about 65 percent of all my shares last Septemberish. Anticipated this may happen. Just waiting for the bottom to jump back in.
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I took my entire 401k out and put it in a moneymarket/guaranteed return thing in April . It was down almost 10% ytd and i couldn't watch it bleed anymore losing almost $1000 a week.

What i have saved is pennies compared to most here...and i am mostly flying blind bc i have a barebones self educated understanding of the market...but i ask questions of a few that i trust here and do my best. I watched the 08 recession take away about a quarter of what my 2 favorite men on Earth (Dad and Pappaw) had worked their entire lives for...then both died before ever recouping those losses. I have been told...here more than once .." you cant time the market" but i am not gonna sit and watch my meager savings hemorrhage $1000 a week. Picking the right time, and investment to jump back in is now the task at hand. It seems like the market has taken a beating since 4.23.22 when i got out. Hopefully i can jump back in and avoid those losses. We will see.

Btw...Johnson n Johnson looks really good from my eyes. Thanks guys who suggested that. Please suggest more winners. I am broke lol.
 
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#13,297
marcusluvsvols said:
I took my entire 401k out and put it in a moneymarket/guaranteed return thing in April . It was down almost 10% ytd and i couldn't watch it bleed anymore losing almost $1000 a week.

What i have saved is pennies compared to most here...and i am mostly flying blind bc i have a barebones self educated understanding of the market...but i ask questions of a few that i trust here and do my best. I watched the 08 recession take away about a quarter of what my 2 favorite men on Earth (Dad and Pappaw) had worked their entire lives for...then both died before ever recouping those losses. I have been told...here more than once .." you cant time the market" but i am not gonna sit and watch my meager savings hemorrhage $1000 a week. Picking the right time, and investment to jump back in is now the task at hand. It seems like the market has taken a beating since 4.23.22 when i got out. Hopefully i can jump back in and avoid those losses. We will see.

Btw...Johnson n Johnson looks really good from my eyes. Thanks guys who suggested that. Please suggest more winners. I am broke lol.
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Those who didn't pull out in 08 had almost doubled their money within the next decade. Trying to time the market is a fools errand and honestly so is chasing single stock returns. I'm not retiring for another 10-15yrs so it does me no good to watch it every day and try to figure out all the highs and lows. Set it and forget it. We meet with an advisor once each year to just make sure we're still on track. Never once has she suggested to pull out money out
 
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#13,298
#13,298
utvolpj said:
Those who didn't pull out in 08 had almost doubled their money within the next decade. Trying to time the market is a fools errand and honestly so is chasing single stock returns. I'm not retiring for another 10-15yrs so it does me no good to watch it every day and try to figure out all the highs and lows. Set it and forget it. We meet with an advisor once each year to just make sure we're still on track. Never once has she suggested to pull out money out
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I hear ya. This is what most folks say.

Logic says the opposite though. My life savings being pulled out in april, while "locking in a loss" is without a doubt a larger sum of money than it would be if left there to take an absolute beating in June and every other loss since april...as long as the market i jump back into is at a lower place than when i got out, to my understanding this decision is a net positive.

I don't have to " earn my way back" to having a little over $100k from perhaps the $80 it would be now, just back from the $90k it is currently which seems like a decent position which honestly isnt earning much, but is not losing value like the stock market is. Timing when to reinvest and in what stocks to invest is the real problem to be solved. Seems like Raytheon and a couple other wrapon producers are set up for a good decade after all western europe gives their stockpiles to ukraine...
 
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#13,300
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