stock market was up today...

[NorthDallas40]

The quickest drop in history!

BTW, it was about 6 % in the nineties.

It was 3% in December of last year Homer.

 

[lawgator1]

Also, gas is 3.05, and mortgage rates are plummeting.

You're welcome frumpers.

Mine is about $3.40 a gallon. And yes mortgage rates have at least stabilized. Will take 4-6 months to know how much housing prices net affected, but here in Florida the effect is dampened by massive population growth.

With luck, we get either a soft landing or the recession is mild. Money is still on the latter, but things look a lot better overall now than 60 days ago.

 

[NorthDallas40]

Mine is about $3.40 a gallon. And yes mortgage rates have at least stabilized. Will take 4-6 months to know how much housing prices net affected, but here in Florida the effect is dampened by massive population growth.

With luck, we get either a soft landing or the recession is mild. Money is still on the latter, but things look a lot better overall now than 60 days ago.

Mortgage rates are double what they were in December 2021.

Let’s go Brandon!

 

[lawgator1]

Mortgage rates are double what they were in December 2021.

Let’s go Brandon!

As long as you refuse to recognize the inevitability of 90 % of what we see right now, especially with the additional effects of Covid, no conversation can be had.

 

[NorthDallas40]

As long as you refuse to recognize the inevitability of 90 % of what we see right now, especially with the additional effects of Covid, no conversation can be had.

I agree. Once Brandon continued to throw gasoline on a raging economy in flames that Trump aggravated with his own stupid ass initial COVID waste the current inflation was absolutely inevitable. Bit he’s learned his lesson and will curb his spending in the future…right?

 

[IluvdoubleD's]

It was 3% in December of last year Homer.

They will probs take down to about 4% is my guess. anything under 3 is UNSUSTAINABLE. It's called BANKRUPTING AMERICA.

 

[NorthDallas40]

They will probs take down to about 4% is my guess. anything under 3 is UNSUSTAINABLE. It's called BANKRUPTING AMERICA.

LMAO 3% was the norm for a very long time till Brandon got at the wheel and f$&@ed everything up

 

[BigOrangeMojo]

As long as you refuse to recognize the inevitability of 90 % of what we see right now, especially with the additional effects of Covid, no conversation can be had.

It's not all Biden's fault but the continued reckless spending, raising taxes, attacking businesses, and a haphazard energy policy have all contributed to the inflation we are seeing....

 

[NorthDallas40]

It's not all Biden's fault but the continued reckless spending, raising taxes, attacking businesses, and a haphazard energy policy have all contributed to the inflation we are seeing....

Trump owns a hearty slice of this sandwich with that first ridiculous and unneeded spending bill… after he chose to suicide our economy by shutting it down. FUBAR’ed all around in response to COVID in hindsight we didn’t appear to do a damn thing right.

 

[lawgator1]

I agree. Once Brandon continued to throw gasoline on a raging economy in flames that Trump aggravated with his own stupid ass initial COVID waste the current inflation was absolutely inevitable. Bit he’s learned his lesson and will curb his spending in the future…right?

I'm not nearly as critical of either Trump or Biden as others might be. They had to act quickly and did what they thought necessary under the circumstances. Neither acted completely unreasonably in the moment.

 

[NorthDallas40]

I'm not nearly as critical of either Trump or Biden as others might be. They had to act quickly and did what they thought necessary under the circumstances. Neither acted completely unreasonably in the moment.

Everything they did was wrong. Suiciding our economy was VERY wrong. Then giving away free money because they suicided the economy was VERY VERY wrong.

The clear takeaway from 2020 is if we ever actually face a massive health risk with the potential to decimate our population we are screwed because we are led by unprepared morons.

 

[Vol737]

Not bad for 1996.

Bought my first house in 1999 at around 7%. Thought we had gotten away with highway robbery compared to what my parents paid.

 

[Vol737]

The quickest drop in history!

BTW, it was about 6 % in the nineties.

Yeah, just out of curiosity, what exactly was the drop and when did this happen?? Because the Fed has raised rates continuously as of late.

 

[IluvdoubleD's]

Yeah, just out of curiosity, what exactly was the drop and when did this happen?? Because the Fed has raised rates continuously as of late.

https://www.cnn.com/2022/11/17/homes/mortgage-rates-november-17/index.html

 

[IluvdoubleD's]

They were at, or under three percent when frumpy dropped the interest rate to zero for 4 years. You have been paying back that 8 trillion in debt he dropped on America. That's what this was all about fools. You were supposed to be dumping all those BAD assets, and paying off your debts. They couldn't lower it until a lot of that was taken care of. That's literally what the "great economic reset" is all about. That's why all these crooked bank institutions are on the verge. They are having to dump bad investments in a hurry and take a loss. And, if you think the rich are paying the most taxes, you have been listening to too much russian media. The uber rich don't pay taxes. YOU do. If you are paying taxes, you ain't uber rich. You just like to pretend you are. You are NOT on the same level as banks and corporations lol. Some of you earnestly thought frumpy was filing a 1040! I can't... make. it. stop!

 

[NorthDallas40]

They were at, or under three percent when frumpy dropped the interest rate to zero for 4 years. You have been paying back that 8 trillion in debt he dropped on America. That's what this was all about fools. You were supposed to be dumping all those BAD assets, and paying off your debts. They couldn't lower it until a lot of that was taken care of. That's literally what the "great economic reset" is all about. That's why all these crooked bank institutions are on the verge. They are having to dump bad investments in a hurry and take a loss. And, if you think the rich are paying the most taxes, you have been listening to too much russian media. The uber rich don't pay taxes. YOU do. If you are paying taxes, you ain't uber rich. You just like to pretend you are. You are NOT on the same level as banks and corporations lol. Some of you earnestly thought frumpy was filing a 1040! I can't... make. it. stop!

 

[Vol737]

https://www.cnn.com/2022/11/17/homes/mortgage-rates-november-17/index.html

So about 1/2 of 1%, with this week’s avg above 7%. Yay for semantics.

 

[Sea Ray]

The stock market exploded today. Dow in bull market after Powell suggests rate hikes will ease

Short lived bull market

https://www.cnbc.com/2022/12/01/stock-market-futures-open-to-close-news.html

 

[NorthDallas40]

 

[marcusluvsvols]

Wow...had to use the search function for the 1st time ever to find this thread.

Little advice would be appreciated. As you gents may remember, i pulled my 401k out of the market entirely about a year ago. It was down about 9% thanks to the Potato in Chief and i didnt want to lose anymore. I am thinking about jumping back in, at least partially...yall have any suggestions on what stocks to look at?

The only idea i feel good about is whomever manufactures the HIMARS systems that are killing the Russians so effectively. We will have to replace all the ones we have given to Ukraine, plus i read an article recently that all the countries in the Pacific which fear China are now wanting to buy them as well. Seems like that company is primed to make some serious $ on guaranteed government contracts, right?

What other stocks in the MIC do yall think will be really good? Or just stocks in general?

 

[sonofUT62]

Wow...had to use the search function for the 1st time ever to find this thread.

Little advice would be appreciated. As you gents may remember, i pulled my 401k out of the market entirely about a year ago. It was down about 9% thanks to the Potato in Chief and i didnt want to lose anymore. I am thinking about jumping back in, at least partially...yall have any suggestions on what stocks to look at?

The only idea i feel good about is whomever manufactures the HIMARS systems that are killing the Russians so effectively. We will have to replace all the ones we have given to Ukraine, plus i read an article recently that all the countries in the Pacific which fear China are now wanting to buy them as well. Seems like that company is primed to make some serious $ on guaranteed government contracts, right?

What other stocks in the MIC do yall think will be really good? Or just stocks in general?

The biggest winner in my portfolio has been the closest craps table to the escalator at Cherokee. It’s a secret. Don’t tell anyone.

 

[marcusluvsvols]

Lmao

 

[KentheOrange]

Since some of the brightest financial minds in the country are predicting a stock market crash and a severe recession and possibly a depression, I would think physical metals and U.S. mining companies' stock would be your best bet. I hear silver would be a very good metal to physically hold.

 

[Thunder Good-Oil]

Wow...had to use the search function for the 1st time ever to find this thread.

Little advice would be appreciated. As you gents may remember, i pulled my 401k out of the market entirely about a year ago. It was down about 9% thanks to the Potato in Chief and i didnt want to lose anymore. I am thinking about jumping back in, at least partially...yall have any suggestions on what stocks to look at?

The only idea i feel good about is whomever manufactures the HIMARS systems that are killing the Russians so effectively. We will have to replace all the ones we have given to Ukraine, plus i read an article recently that all the countries in the Pacific which fear China are now wanting to buy them as well. Seems like that company is primed to make some serious $ on guaranteed government contracts, right?

What other stocks in the MIC do yall think will be really good? Or just stocks in general?

Don’t put more than 10%-20% in any security unless it’s a broad based total market or index fund or complemented by it. QQQ, VTI, DIA, and SPY are good options if only a couple of investments are purchased. Then you can build around it/them with individual names. JNJ is a good proxy for healthcare. FDX or UPS for when the economy picks up. AMZN or PG or WMT or TGT or COST for a strong consumer. CVS for healthcare PLUS exposure to the consumer. AMT or CCI for the buildup of the wireless footprint. JPM or GS or MS or BAC or C or BLK or SCHW for exposure to financials. ITA for diversified defense sector exposure.

The Select Sector ETFs that track the S&P 500 sectors are another good idea. Low fees and easy to be more concentrated in a sector that is in favor. XLF, XLE, XLI, XLV, and 7 other sectors.

Unique ETFs that divide the S&P 500 into 11 sectors | Select Sector SPDRs

Don’t just invest in a couple of company stocks. Without diversification it is VERY dangerous. SPY and VTI are pretty diversified ETFs. QQQ is to a lesser extent and DIA (the Dow Jones Industrial Average ETF) has 30 stocks as components. DIA include large, high quality, generally profitable blue chip companies.

 

[Thunder Good-Oil]

Since some of the brightest financial minds in the country are predicting a stock market crash and a severe recession and possibly a depression, I would think physical metals and U.S. mining companies' stock would be your best bet. I hear silver would be a very good metal to physically hold.

Or be like Buffett and buy assets (companies) that generate income. Holding metal and there is no compound growth. But it is a suitable hedge for those that expect an economic crash with runaway inflation - but not such a great long term hold.