stock market was up today...

[508mikey]

The DJIA is down over 800 points, is Biden having another party at the White House?

yes - a clown show - wonder how much Pelosi and her minions sold off before it tanked ?

 

[lawgator1]

The DJIA is down over 800 points, is Biden having another party at the White House?

 

[Majors]

Great time to buy and great time for the GOP to pick up some voters. "It's the economy, stupid"- James Carville

 

[BreatheUT]

Our retirement accounts are taking a beating and don't see how it recovers before 2025 to cover all of our losses over the last 20 months.

 

[NorthDallas40]

Our retirement accounts are taking a beating and don't see how it recovers before 2025 to cover all of our losses over the last 20 months.

History says it’s going to come storming back over the next 24 to 36 months. Yes… this time it’s different. Just like every time before this time that fits nicely into mean and median historical data.

 

[Majors]

Our retirement accounts are taking a beating and don't see how it recovers before 2025 to cover all of our losses over the last 20 months.

My hope is that 2024 is a recovery year knowing the landscape in Washington will be changing hands. Economy will be the top topic for the next two years as it should. Layoffs and housing market will be interesting to watch over the next few months. Wall Street is already anticipating layoffs in many sectors including their own.

 

[norrislakevol]

Watch the SPXL Bull shares. Once they lower to around $20 a share then you should consider buying stocks. That may only take another 2 months or so, we'll see.

 

[NorthDallas40]

Watch the SPXL Bull shares. Once they lower to around $20 a share then you should consider buying stocks. That may only take another 2 months or so, we'll see.

I’m watching CPI and core CPI. Until that peaks Powell keeps raising rates. The markets have been playing chicken with Powell all year and lost every time. One there is consensus the inflation has largely peaked and we see lowering of these 75 bps rate hikes I think you see a bunch of pent up demand release and a short term relief rally. Ultimately longer term earnings has to support that demand and I have no clue right now

 

[85SugarVol]

History says it’s going to come storming back over the next 24 to 36 months. Yes… this time it’s different. Just like every time before this time that fits nicely into mean and median historical data.

I’ll make you two guarantees:

1. It will go down more
2. It will eventually come back

Subscribe to my blog now.

 

[BreatheUT]

My hope is that 2024 is a recovery year knowing the landscape in Washington will be changing hands. Economy will be the top topic for the next two years as it should. Layoffs and housing market will be interesting to watch over the next few months. Wall Street is already anticipating layoffs in many sectors including their own.

Do you think people can achieve a 20% recovery of lost returns in the next two years especially if the bottom isn't here? The Republicans winning congress will potentially only stop the bleeding.

 

[NorthDallas40]

I’ll make you two guarantees:

1. It will go down more
2. It will eventually come back

Subscribe to my blog now.

Pure genius…

 

[NorthDallas40]

Do you think people can achieve a 20% recovery of lost returns in the next two years especially if the bottom isn't here? The Republicans winning congress will potentially only stop the bleeding.

History says once the rebound starts it’s 20% a year, you’re up like 50% at year four, and double your money at a decade.

NOTE the starting point for this is the rebound value not the value before decline started.

 

[85SugarVol]

Pure genius…

I’ll be here all week

 

[BreatheUT]

History says it’s going to come storming back over the next 24 to 36 months. Yes… this time it’s different. Just like every time before this time that fits nicely into mean and median historical data.

We will recover. That is not the concern. The point was it's going to take a while. The current economic policies are losers. We have not hit the bottom and we have not seen the impact of millions of illegals being in the country, many needing free benefits. If republican take both houses of congress then that will stop the bleeding but growth might be a challenge with the nimrods still in the WH.

 

[NorthDallas40]

We will recover. That is not the concern. The point was it's going to take a while. The current economic policies are losers. We have not hit the bottom and we have not seen the impact of millions of illegals being in the country, many needing free benefits. If republican take both houses of congress then that will stop the bleeding but growth might be a challenge with the nimrods still in the WH.

The markets don’t care who is in the WH or about illegals. All they care about is impediments to earnings growth of public companies. That isn’t really tied to a particular party historically

 

[NorthDallas40]

I’ll be here all week

The markets have to come back eventually. Because the time they don’t it’s Mad Max and Road Warrior.

 

[BreatheUT]

The markets don’t care who is in the WH or about illegals. All they care about is impediments to earnings growth of public companies. That isn’t really tied to a particular party historically

And you don't see impediments to earnings growth on the horizon with talks of a recession?

 

[BreatheUT]

The markets have to come back eventually. Because the time they don’t it’s Mad Max and Road Warrior.

I don't care if the Dow jumps up to 33,000 Monday, you ain't getting your losses back that quick.

 

[NorthDallas40]

And you don't see impediments to earnings growth on the horizon with talks of a recession?

Sure. In the short term. Newsflash: recession is here already it’s just always called in the rear view mirror. Once inflation abates rebalance your portfolio and get ready to ride back up. Rinse repeat till you die.

 

[NorthDallas40]

I don't care if the Dow jumps up to 33,000 Monday, you ain't getting your losses back that quick.

Ok…

 

[Majors]

Do you think people can achieve a 20% recovery of lost returns in the next two years especially if the bottom isn't here? The Republicans winning congress will potentially only stop the bleeding.

It'll have to be a 2009-2011 recovery, those were gains and then some. Sadly like you said, this is not the worst yet. I've always felt for the last few months we were headed closer to 25K than 35K. I don't think we get close to the 25K but we will go lower.

 

[Majors]

Sure. In the short term. Newsflash: recession is here already it’s just always called in the rear view mirror. Once inflation abates rebalance your portfolio and get ready to ride back up. Rinse repeat till you die.

I got 15-20 years before I walk away (i hope) so I'm in buy mode within reason.

 

[NorthDallas40]

I got 15-20 years before I walk away (i hope) so I'm in buy mode within reason.

I retired this year of all times. I’m not currently worried but that could change. My living money was already set aside from my long term growth money. I’m only down less than 10% on the year right now.

 

[BreatheUT]

I got 15-20 years before I walk away (i hope) so I'm in buy mode within reason.

I got time as well. It's problematic for anyone who was looking to retire in the next 12 - 24 months.

 

[BreatheUT]

I retired this year of all times. I’m not currently worried but that could change. My living money was already set aside from my long term growth money. I’m only down less than 10% on the year right now.

If I'm only down 10% this year then that's a win. I haven't checked in about 2 months.