stock market was up today...

[Vol737]

It’s certainly better than last week.

 

[walkenvol]

It's a good opportunity to buy right now.

One thing I’ve learned from my 40+ years of investing is I’ve rarely if ever caught the bottom of a pull back. When the market moves dramatically, I do better by waiting for things to settle down before making a move. Just my experience.

 

[knoxvol52]

Well looks like Stock Market went to he!! In a hand basket today.

 

[Vol8188]

It's a good opportunity to buy right now.

Just bought of a bunch of Ford at 9.64 a share.

 

[CobbVol]

https://thehill.com/homenews/ap/ap-politics/ap-senior-economics-aide-gene-sperling-is-leaving-the-white-house-to-work-on-the-harris-campaign/

LIve look at the WH this morning:

 

[lawgator1]

So many markets moving drastically. Is this something to be worried about? What do we think the cause is? Natural correction, fear, insiders moving and everyone else trying to position themselves as well?

I am no expert but given that a focus of the pullback in the U.S. markets seems to be in tech, it has the feel of a lot of profit taking given uncertainty in consumer demand in the short term, plus people having jumped on the AI bandwagon not understanding what it can, and cannot, do.

But as I say I'm no expert so, disclaimer, don't rely on my thoughts on it.

 

[Matt2496]

https://thehill.com/homenews/ap/ap-politics/ap-senior-economics-aide-gene-sperling-is-leaving-the-white-house-to-work-on-the-harris-campaign/

LIve look at the WH this morning:

It sure is convenient timing for him to leave right when the stock market crashes LOL.

 

[CABVOL]

Well looks like Stock Market went to he!! In a hand basket today.

Sit and ride it out. And buy when stocks go low. Don’t sell!

 

[volinbham]

the employment #s exaggerated the true state of the economy - it's coming home to roost.

like the Hemingway saying - gradually then suddenly.

can't drain people's bank accounts, have them leverage up on expensive debt forever.

 

[lawgator1]

I'll add that I am in the camp that if a soft landing were the plan, the time to act to cut rates again was before the bottom fell out on jobs numbers, not after. Trying to balance growth and employment like this is like trying to maneuver a giant ship. You start your turn well in advance of when you need to make it.

They should have been cutting the last 2-3 meetings for that reason. And had the inflation numbers stayed peskily high, pause and raise again if you have to. This adherence to one direction or the other in trend fashion seems antiquated to me.

 

[05_never_again]

 

[volinbham]

No doubt - at this point the market is still up for the year.

What gets people is the speed of the drawdown.

There's also concern about the underlying fundamentals of the economy. If we get another 2022 it's going to be trouble.

 

[NorthDallas40]

Just bought of a bunch of Ford at 9.64 a share.

Ford is hugely undervalued right now. They are a too big to fail company and their stock is way depressed. It might not come back immediately but they are gonna at least get back to average market valuations. I have been thinking about buying a chunk of Ford too

 

[volinbham]

Looks like I picked a great time to retire...

 

[volinbham]

Ford is hugely undervalued right now. They are a too big to fail company and their stock is way depressed. It might not come back immediately but they are gonna at least get back to average market valuations. I have been thinking about buying a chunk of Ford too

Has a nice dividend yield at this price

 

[Vol8188]

It sure is convenient timing for him to leave right when the stock market crashes LOL.

Sounds like he’s doing something far worse than leaving. He’s trying to keep his job for four more years

 

[NorthDallas40]

Has a nice dividend yield at this price

Yep forgot to include that. Very nice dividend also

 

[PEPPERJAX]

Buckle up buttercups, it's going to be a hell of a ride.

 

[volinbham]

I celebrate his entire catalog

 

[GAVol]

Looks like I picked a great time to retire...

 

[PEPPERJAX]

I celebrate his entire catalog

Most appropriate GIF for this current economic situation. Luckily, I am not close to retirement at this point of my life. The reoccurring theme that is constantly repeated from friends of mine that are financial advisors is, "IT IS A GREAT TIME TO BUY!"

 

[Vol8188]

the employment #s exaggerated the true state of the economy - it's coming home to roost.

like the Hemingway saying - gradually then suddenly.

can't drain people's bank accounts, have them leverage up on expensive debt forever.

And they’ve been lying about the employment numbers consistently. They’ve had to revise those downward 10 of the last 14 months

 

[CobbVol]

Where is Paul Krugman when you need him ...

 

[Vol8188]

lol whyre you defending so hard here

 

[Thunder Good-Oil]

Ford is hugely undervalued right now. They are a too big to fail company and their stock is way depressed. It might not come back immediately but they are gonna at least get back to average market valuations. I have been thinking about buying a chunk of Ford too

The business is too big (or important) to fail. But that doesn’t mean that the stock is. Delta went to zero a bit over a decade ago but continued to employ people and fly their routes. The stock holders got nothing when it was recapitalized.